In 2023, the sold production of casing, tubing, and drill pipe used in drilling for oil or gas in France was a specific volume. From 2024 onwards, forecasts indicate a declining trend from 126.75 million kilograms in 2024 to 95.445 million kilograms by 2028, signifying a continual decrease year-on-year. Over the period from 2024 to 2028, the compound annual growth rate (CAGR) reveals a consistent average decline in production annually.
Future trends to watch for include:
- Potential impacts of energy transition policies on steel production and usage.
- Technology advancements in drilling that may alter demand for casing and tubing.
- Economic factors in global oil and gas markets influencing production levels.
