The future of global oil production depends on the exploration of new territories. Exploration consists of looking for deposits, and after the detailed study of geological structures, only drilling allows to know the veracity of the facts.
Let’s look at these key points:
🗺 With 2019 global GDP estimation, the oil and gas drilling sector constitute around 3.8% of the global economy.
💼 The E&P sector employs approximately 4 million people.
⛏ There are around 350,000 specialized businesses across the world.