canadian association of oilwell drilling contractors
Analysts say rigs are drilling a third deeper per day compared to 2014 but average earnings per day have fallen by 25%.
Head of industry association says 100,000 people are out of work in the oil and gas industry – the equivalent of one in six.
Premier touts province as a fundamental part to the Canadian economy.
Association anticipates a 57% drop in activity compared to 2014.
Industry association forecast predicts a 50% overall decline in oilpatch positions since mid-2014.
CAODC expects about 40% of the group’s 830 rigs will be active in 2013.