What is the company's revenue growth commentary for the full year in the Middle East 
commercial opportunity and how that develops here going forward. And it does seem like geothermal is going to get a pull here. But can you speak to the other commercial opportunities and how you think those evolve, particularly from a timing and cadence perspective given the backdrop? Does the commercial opportunity materialize more quickly across carbon capture and hydrogen electrolyzer...
Olivier Le Peuch -- Chief Executive Officer
I think, we have been commenting on this before. And, I think, we'll pull out a very comprehensive view at our capital markets day. And, I think, the biggest and long-term bigger potential is both on CCUS and hydrogen market, we believe, first and foremost. And believe that the energy storage including lithium processing extraction, as well as energy, stationary energy storage, as well as geo energy and geothermal, certainly a shorter-term and midterm opportunity that will not miss to secure.
But we'll come back with more detail and more of a better framework for you to understand our mission there.
Scott Gruber -- Citi -- Analyst
I look forward to it. Thanks for the color.
Olivier Le Peuch -- Chief Executive Officer
Thank you.
Operator
Next, we go to Connor Lynagh with Morgan Stanley. Please go ahead.
Connor Lynagh -- Morgan Stanley -- Analyst
Thank you. Good morning.
Olivier Le Peuch -- Chief Executive Officer
Good morning, Connor.
Connor Lynagh -- Morgan Stanley -- Analyst
I wanted to ask about -- I just wanted to ask about the potential recovery in the back half. And particularly OPEC, you were alluding to the cessation of the supply agreement. I guess one thing that surprised us is while there have been some countries that have fallen short of their production targets, OPEC as a group has been able to raise production fairly significantly and there hasn't been as significant an increase in the rig count. I appreciate not all activity is captured in the rig count.
But has that surprised you? And when do you think we see a sort of catch-up? Do we need to return to 2019 activity levels to get to 2019 production levels?
Olivier Le Peuch -- Chief Executive Officer
First, I think the OPEC+ indeed has been very strict in to implementing the policy and respect to the quota. Second thing with very few exception, the GCC has been able to need unlock this production without significant at this moment, significant increase in short cycle activity to support that increase, this will position into necessary investment into supporting the sustain capacity in the coming month, until then and until now it has been that the production of some critical country where below their sustained capacity potential and the need for investing the need for accelerating investment tradition or intervention was measured and wasn't necessarily disproportionate compared to the past. I think you will see that positioning into the second half, and accelerating next year and it will combine with a capacity expansion they have committed to. So they will be hiking activity on two fronts, the short cycle to distant sustain maximum capacity that is established and an investment that will expand it this sustained capacity in the future.
So that is said to happen, it wasn't necessarily a big surprise to us, I think that Middle East was a bit of behind in terms of activity rebound internationally until now, but you will see this catching up in the second half and accelerating in 2023.
Connor Lynagh -- Morgan Stanley -- Analyst
All right. Thank you. That's helpful context. Maybe just flipping over to the Russia side of things, I'm curious, in your full year revenue growth commentary, what are you contemplating in your Russia operations? Are you expecting significant activity declines? Could you help us frame what the cessation of new investments actually means for your activity levels in the near-term here?
Olivier Le Peuch -- Chief Executive Officer
I think, it's obviously an extremely dynamic situation. If you want the sanction of Saudi having an impact on the Russian economy in operation will not be immune to this effect. But c
commercial opportunity and how that develops here going forward. And it does seem like geothermal is going to get a pull here. But can you speak to the other commercial opportunities and how you think those evolve, particularly from a timing and cadence perspective given the backdrop? Does the commercial opportunity materialize more quickly across carbon capture and hydrogen electrolyzer...
Olivier Le Peuch -- Chief Executive Officer
I think, we have been commenting on this before. And, I think, we'll pull out a very comprehensive view at our capital markets day. And, I think, the biggest and long-term bigger potential is both on CCUS and hydrogen market, we believe, first and foremost. And believe that the energy storage including lithium processing extraction, as well as energy, stationary energy storage, as well as geo energy and geothermal, certainly a shorter-term and midterm opportunity that will not miss to secure.
But we'll come back with more detail and more of a better framework for you to understand our mission there.
Scott Gruber -- Citi -- Analyst
I look forward to it. Thanks for the color.
Olivier Le Peuch -- Chief Executive Officer
Thank you.
Operator
Next, we go to Connor Lynagh with Morgan Stanley. Please go ahead.
Connor Lynagh -- Morgan Stanley -- Analyst
Thank you. Good morning.
Olivier Le Peuch -- Chief Executive Officer
Good morning, Connor.
Connor Lynagh -- Morgan Stanley -- Analyst
I wanted to ask about -- I just wanted to ask about the potential recovery in the back half. And particularly OPEC, you were alluding to the cessation of the supply agreement. I guess one thing that surprised us is while there have been some countries that have fallen short of their production targets, OPEC as a group has been able to raise production fairly significantly and there hasn't been as significant an increase in the rig count. I appreciate not all activity is captured in the rig count.
But has that surprised you? And when do you think we see a sort of catch-up? Do we need to return to 2019 activity levels to get to 2019 production levels?
Olivier Le Peuch -- Chief Executive Officer
 First, I think the OPEC+ indeed has been very strict in to implementing the policy and respect to the quota. Second thing with very few exception, the GCC has been able to need unlock this production without significant at this moment, significant increase in short cycle activity to support that increase, this will position into necessary investment into supporting the sustain capacity in the coming month, until then and until now it has been that the production of some critical country where below their sustained capacity potential and the need for investing the need for accelerating investment tradition or intervention was measured and wasn't necessarily disproportionate compared to the past. I think you will see that positioning into the second half, and accelerating next year and it will combine with a capacity expansion they have committed to. So they will be hiking activity on two fronts, the short cycle to distant sustain maximum capacity that is established and an investment that will expand it this sustained capacity in the future.
So that is said to happen, it wasn't necessarily a big surprise to us, I think that Middle East was a bit of behind in terms of activity rebound internationally until now, but you will see this catching up in the second half and accelerating in 2023.
Connor Lynagh -- Morgan Stanley -- Analyst
All right. Thank you. That's helpful context. Maybe just flipping over to the Russia side of things, I'm curious, in your full year revenue growth commentary, what are you contemplating in your Russia operations? Are you expecting significant activity declines? Could you help us frame what the cessation of new investments actually means for your activity levels in the near-term here?
Olivier Le Peuch -- Chief Executive Officer
I think, it's obviously an extremely dynamic situation. If you want the sanction of Saudi having an impact on the Russian economy in operation will not be immune to this effect. But c