PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1458511
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1458511
Middle East and Africa Oilfield Services Market, By Service ; By Type ; By Application ; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
Middle East and Africa Oilfield Services Market Size Expands at Significant CAGR of 7% to Touch USD 29 Billion by 2030
Middle East and Africa Oilfield Services Market is flourishing due to an increasing demand for energy, exploration and production activities, technological advancements, and growing investments in oil and gas infrastructure.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East and Africa Oilfield Services Market size by value at USD 23.11 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Middle East and Africa Oilfield Services Market size to expand at a CAGR of 6.98% reaching a value of USD 28.98 billion by 2030. The Middle East and Africa Oilfield Services Market is influenced by several driving factors, including increased exploration and production activities driven by rising energy demand, advancements in drilling technologies enhancing efficiency and productivity, government initiatives to attract foreign investment in the oil and gas sector, growing adoption of enhanced oil recovery techniques to maximize extraction from mature fields, and the presence of significant reserves in untapped regions. Additionally, geopolitical stability, regulatory reforms promoting industry growth, and strategic partnerships among oilfield service providers contribute to market expansion. These factors collectively shape the dynamic landscape of the Middle East and Africa Oilfield Services Market.
Opportunity - Expanding end use industries
The expanding landscape of end use industries, coupled with population growth, contributes significantly to the accelerating growth rate of the oilfield services market in the Middle East and Africa. Rapid urbanization and industrialization, particularly in emerging economies, such as India, China, and Southeast Asia, drive the demand for oilfield services. As these regions witness increased industrial activities and infrastructure development, the market experiences substantial value growth, indicating a promising trajectory in the coming years.
Impact of Escalating Geopolitical Tensions on Middle East and Africa Oilfield Services Market
Escalating geopolitical tensions has profound effects on the Middle East and Africa Oilfield Services Market. With the Middle East being a major oil producing region and Africa holding significant reserves, any disruption in these areas can severely impact the global oil supply. Geopolitical conflicts in Yemen, Syria, and Libya, as well as tensions between Iran and the United States, have led to uncertainty and volatility in oil prices. Such instability hampers investment in oilfield services, affecting exploration, drilling, and production activities. Additionally, geopolitical tensions often result in infrastructure damage and project delays, further complicating operations for oilfield service companies. Companies operating in these regions must navigate complex political landscapes and mitigate risks, impacting their profitability and growth prospects amidst geopolitical uncertainties.
Middle East and Africa Oilfield Services Market
Segmental Coverage
Middle East and Africa Oilfield Services Market - By Service
Based on service, Middle East and Africa Oilfield Services Market is divided into Drilling Services, Drilling & Completion Fluids, Formation Evaluation, Completion & Production Services, and Drilling Waste Management Services segments. The drilling services segment is the largest service in the Middle East and Africa Oilfield Services Market. The drilling services segment encompasses a wide array of activities crucial for oil extraction, such as exploration drilling, directional drilling, and wellbore construction. The region's burgeoning oil & gas industry, coupled with increasing exploration and production activities, has propelled the demand for drilling services. Moreover, technological advancements in drilling techniques and equipment contribute to the segment's growth, making it pivotal in driving the oilfield services market forward in the region.
Middle East and Africa Oilfield Services Market - By Type
Based on type, Middle East and Africa Oilfield Services Market is divided into Equipment Rental, Field Operation, Analytical, and Consulting Services segments. The equipment rental is the highest contributor to the Middle East and Africa Oilfield Services Market. The segment dominates due to the region's extensive oil and gas operations, necessitating a high demand for specialized equipment. Key players, including Schlumberger, Halliburton, and Baker Hughes, hold a significant market share, providing a wide range of rental equipment such as drilling rigs, well-completion tools, and production equipment. The segment's growth is also fueled by increasing exploration and production activities in emerging markets like Africa, coupled with the need for cost-effective solutions amid fluctuating oil prices.
Competitive Landscape
Middle East and Africa Oilfield Services Market is fiercely competitive. Major companies in the market include Anton Oilfield Services (Group) Ltd, Baker Hughes Co., Denholm Oilfield Services, Middle East Oilfield Services, Oilserv Limited, Schlumberger Limited, Swire Oilfield Services Ltd, Weatherford International PLC, Transocean Ltd, and Nabors Industries, Inc. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Middle East and Africa Oilfield Services Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Middle East and Africa Oilfield Services Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in Middle East and Africa Oilfield Services Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Middle East and Africa Oilfield Services Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising investments in the upstream sector
- 3.2.1.2. Increasing production capacity
- 3.2.1.3. Rising investments in the oil & gas industry
- 3.2.1.4. Growing demands for Enhanced oil recovery
- 3.2.2. Restraints
- 3.2.2.1. Fluctuations in oil prices
- 3.2.2.2. Growing environmental concerns
- 3.2.2.3. Stringent approval process
- 3.2.3. Opportunities
- 3.2.3.1. Increasing adoption of new technologies
- 3.2.3.2. Increasing R&D investment in new oilfield
- 3.2.4. Challenges
- 3.2.4.1. Lack of skilled workforce
- 3.2.4.2. Cybersecurity threats
- 3.2.4.3. Limited awareness and education
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Middle East and Africa Oilfield Services Market: Marketing Strategies
5. Middle East and Africa Oilfield Services Market Overview
- 5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share and Forecast
- 5.2.1. By Service
- 5.2.1.1. Drilling Services
- 5.2.1.2. Drilling & Completion Fluids
- 5.2.1.3. Formation Evaluation
- 5.2.1.4. Completion & Production Services
- 5.2.1.5. Drilling Waste Management Services
- 5.2.1.6. Others
- 5.2.2. By Type
- 5.2.2.1. Equipment Rental
- 5.2.2.2. Field Operation
- 5.2.2.3. Analytical
- 5.2.2.4. Consulting Services
- 5.2.3. By Application
- 5.2.3.1. Onshore
- 5.2.3.2. Offshore
- 5.2.4. By Country
- 5.2.4.1. Saudi Arabia
- 5.2.4.2. UAE
- 5.2.4.3. Qatar
- 5.2.4.4. Kuwait
- 5.2.4.5. South Africa
- 5.2.4.6. Nigeria
- 5.2.4.7. Algeria
- 5.2.4.8. Rest of MEA
- 5.2.1. By Service
6. Saudi Arabia Oilfield Services Market
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Service
- 6.2.2. By Type
- 6.2.3. By Application
7. UAE Oilfield Services Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Service
- 7.2.2. By Type
- 7.2.3. By Application
8. Qatar Oilfield Services Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Service
- 8.2.2. By Type
- 8.2.3. By Application
9. Kuwait Oilfield Services Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Service
- 9.2.2. By Type
- 9.2.3. By Application
10. South Africa Oilfield Services Market
- 10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Service
- 10.2.2. By Type
- 10.2.3. By Application
11. Nigeria Oilfield Services Market
- 11.1. Market Size & Forecast, 2019-2030
- 11.1.1. By Value (USD Billion)
- 11.2. Market Share & Forecast
- 11.2.1. By Service
- 11.2.2. By Type
- 11.2.3. By Application
12. Algeria Oilfield Services Market
- 12.1. Market Size & Forecast, 2019-2030
- 12.1.1. By Value (USD Billion)
- 12.2. Market Share & Forecast
- 12.2.1. By Service
- 12.2.2. By Type
- 12.2.3. By Application
13. Rest of MEA Oilfield Services Market
- 13.1. Market Size & Forecast, 2019-2030
- 13.1.1. By Value (USD Billion)
- 13.2. Market Share & Forecast
- 13.2.1. By Service
- 13.2.2. By Type
- 13.2.3. By Application
14. Competitive Landscape
- 14.1. List of Key Players and Their Offerings
- 14.2. Middle East and Africa Oilfield Services Market Share Analysis, 2023
- 14.3. Competitive Benchmarking, By Operating Parameters
- 14.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
15. Impact of Escalating Geopolitical Tension in Middle East and Africa Oilfield Services Market
16. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 16.1. Anton Oilfield Services (Group) Ltd
- 16.2. Baker Hughes Co.
- 16.3. Denholm Oilfield Services
- 16.4. Middle East Oilfield Services
- 16.5. Oilserv Limited
- 16.6. Schlumberger Limited
- 16.7. Swire Oilfield Services Ltd
- 16.8. Weatherford International PLC
- 16.9. Transocean Ltd
- 16.10. Nabors Industries, Inc
- 16.11. Other Prominent Players
17. Key Strategic Recommendations
18. Research Methodology
- 18.1. Qualitative Research
- 18.1.1. Primary & Secondary Research
- 18.2. Quantitative Research
- 18.3. Market Breakdown & Data Triangulation
- 18.3.1. Secondary Research
- 18.3.2. Primary Research
- 18.4. Breakdown of Primary Research Respondents, By Region
- 18.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 Middle East & Africa Oilfield Services Market Size, By Value (USD Billion), 2019-2030
- Figure 2 Middle East & Africa Oilfield Services Market Share, By Service, By Value (USD Billion), 2019-2030
- Figure 3 Middle East & Africa Oilfield Services Market Share, By Type, By Value (USD Billion), 2019-2030
- Figure 4 Middle East & Africa Oilfield Services Market Share, By Application, By Value (USD Billion), 2019-2030
- Figure 5 Middle East & Africa Oilfield Services Market Share, By Country, By Value (USD Billion), 2019-2030
- Figure 6 Saudi Arabia Oilfield Services Market Size, By Value (USD Billion), 2019-2030
- Figure 7 Saudi Arabia Oilfield Services Market Share, By Service, By Value (USD Billion), 2019-2030
- Figure 8 Saudi Arabia Oilfield Services Market Share, By Type, By Value (USD Billion), 2019-2030
- Figure 9 Saudi Arabia Oilfield Services Market Share, By Application, By Value (USD Billion), 2019-2030
- Figure 10 UAE Oilfield Services Market Size, By Value (USD Billion), 2019-2030
- Figure 11 UAE Oilfield Services Market Share, By Service, By Value (USD Billion), 2019-2030
- Figure 12 UAE Oilfield Services Market Share, By Type, By Value (USD Billion), 2019-2030
- Figure 13 UAE Oilfield Services Market Share, By Application, By Value (USD Billion), 2019-2030
- Figure 14 Qatar Oilfield Services Market Size, By Value (USD Billion), 2019-2030
- Figure 15 Qatar Oilfield Services Market Share, By Service, By Value (USD Billion), 2019-2030
- Figure 16 Qatar Oilfield Services Market Share, By Type, By Value (USD Billion), 2019-2030
- Figure 17 Qatar Oilfield Services Market Share, By Application, By Value (USD Billion), 2019-2030
- Figure 18 Kuwait Oilfield Services Market Size, By Value (USD Billion), 2019-2030
- Figure 19 Kuwait Oilfield Services Market Share, By Service, By Value (USD Billion), 2019-2030
- Figure 20 Kuwait Oilfield Services Market Share, By Type, By Value (USD Billion), 2019-2030
- Figure 21 Kuwait Oilfield Services Market Share, By Application, By Value (USD Billion), 2019-2030
- Figure 22 South Africa Oilfield Services Market Size, By Value (USD Billion), 2019-2030
- Figure 23 South Africa Oilfield Services Market Share, By Service, By Value (USD Billion), 2019-2030
- Figure 24 South Africa Oilfield Services Market Share, By Type, By Value (USD Billion), 2019-2030
- Figure 25 South Africa Oilfield Services Market Share, By Application, By Value (USD Billion), 2019-2030
- Figure 26 Nigeria Oilfield Services Market Size, By Value (USD Billion), 2019-2030
- Figure 27 Nigeria Oilfield Services Market Share, By Service, By Value (USD Billion), 2019-2030
- Figure 28 Nigeria Oilfield Services Market Share, By Type, By Value (USD Billion), 2019-2030
- Figure 29 Nigeria Oilfield Services Market Share, By Application, By Value (USD Billion), 2019-2030
- Figure 30 Algeria Oilfield Services Market Size, By Value (USD Billion), 2019-2030
- Figure 31 Algeria Oilfield Services Market Share, By Service, By Value (USD Billion), 2019-2030
- Figure 32 Algeria Oilfield Services Market Share, By Type, By Value (USD Billion), 2019-2030
- Figure 33 Algeria Oilfield Services Market Share, By Application, By Value (USD Billion), 2019-2030
- Figure 34 Rest of Middle East & Africa Oilfield Services Market Size, By Value (USD Billion), 2019-2030
- Figure 35 Rest of Middle East & Africa Oilfield Services Market Share, By Service, By Value (USD Billion), 2019-2030
- Figure 36 Rest of Middle East & Africa Oilfield Services Market Share, By Type, By Value (USD Billion), 2019-2030
- Figure 37 Rest of Middle East & Africa Oilfield Services Market Share, By Application, By Value (USD Billion), 2019-2030
List of Tables
- Table 1 Middle East & Africa Oilfield Services Market Size, By Value (USD Billion), 2019-2030
- Table 2 Middle East & Africa Oilfield Services Market Size, By Service, By Value (USD Billion), 2019-2030
- Table 3 Middle East & Africa Oilfield Services Market Size, By Type, By Value (USD Billion), 2019-2030
- Table 4 Middle East & Africa Oilfield Services Market Size, By Application, By Value (USD Billion), 2019-2030
- Table 5 Middle East & Africa Oilfield Services Market Size, By Country, By Value (USD Billion), 2019-2030
- Table 6 Saudi Arabia Oilfield Services Market Size, By Value (USD Billion), 2019-2030
- Table 7 Saudi Arabia Oilfield Services Market Size, By Service, By Value (USD Billion), 2019-2030
- Table 8 Saudi Arabia Oilfield Services Market Size, By Type, By Value (USD Billion), 2019-2030
- Table 9 Saudi Arabia Oilfield Services Market Size, By Application, By Value (USD Billion), 2019-2030
- Table 10 UAE Oilfield Services Market Size, By Value (USD Billion), 2019-2030
- Table 11 UAE Oilfield Services Market Size, By Service, By Value (USD Billion), 2019-2030
- Table 12 UAE Oilfield Services Market Size, By Type, By Value (USD Billion), 2019-2030
- Table 13 UAE Oilfield Services Market Size, By Application, By Value (USD Billion), 2019-2030
- Table 14 Qatar Oilfield Services Market Size, By Value (USD Billion), 2019-2030
- Table 15 Qatar Oilfield Services Market Size, By Service, By Value (USD Billion), 2019-2030
- Table 16 Qatar Oilfield Services Market Size, By Type, By Value (USD Billion), 2019-2030
- Table 17 Qatar Oilfield Services Market Size, By Application, By Value (USD Billion), 2019-2030
- Table 18 Kuwait Oilfield Services Market Size, By Value (USD Billion), 2019-2030
- Table 19 Kuwait Oilfield Services Market Size, By Service, By Value (USD Billion), 2019-2030
- Table 20 Kuwait Oilfield Services Market Size, By Type, By Value (USD Billion), 2019-2030
- Table 21 Kuwait Oilfield Services Market Size, By Application, By Value (USD Billion), 2019-2030
- Table 22 South Africa Oilfield Services Market Size, By Value (USD Billion), 2019-2030
- Table 23 South Africa Oilfield Services Market Size, By Service, By Value (USD Billion), 2019-2030
- Table 24 South Africa Oilfield Services Market Size, By Type, By Value (USD Billion), 2019-2030
- Table 25 South Africa Oilfield Services Market Size, By Application, By Value (USD Billion), 2019-2030
- Table 26 Nigeria Oilfield Services Market Size, By Value (USD Billion), 2019-2030
- Table 27 Nigeria Oilfield Services Market Size, By Service, By Value (USD Billion), 2019-2030
- Table 28 Nigeria Oilfield Services Market Size, By Type, By Value (USD Billion), 2019-2030
- Table 29 Nigeria Oilfield Services Market Size, By Application, By Value (USD Billion), 2019-2030
- Table 30 Algeria Oilfield Services Market Size, By Value (USD Billion), 2019-2030
- Table 31 Algeria Oilfield Services Market Size, By Service, By Value (USD Billion), 2019-2030
- Table 32 Algeria Oilfield Services Market Size, By Type, By Value (USD Billion), 2019-2030
- Table 33 Algeria Oilfield Services Market Size, By Application, By Value (USD Billion), 2019-2030
- Table 34 Rest of Middle East & Africa Oilfield Services Market Size, By Value (USD Billion), 2019-2030
- Table 35 Rest of Middle East & Africa Oilfield Services Market Size, By Service, By Value (USD Billion), 2019-2030
- Table 36 Rest of Middle East & Africa Oilfield Services Market Size, By Type, By Value (USD Billion), 2019-2030
- Table 37 Rest of Middle East & Africa Oilfield Services Market Size, By Application, By Value (USD Billion), 2019-2030
- Table 38 Anton Oilfield Services (Group) Ltd Company Overview
- Table 39 Anton Oilfield Services (Group) Ltd Company Overview
- Table 40 Baker Hughes Co. Company Overview
- Table 41 Baker Hughes Co. Company Overview
- Table 42 Denholm Oilfield Services Company Overview
- Table 43 Denholm Oilfield Services Company Overview
- Table 44 Middle East Oilfield Services Company Overview
- Table 45 Middle East Oilfield Services Company Overview
- Table 46 Oilserv Limited Company Overview
- Table 47 Oilserv Limited Company Overview
- Table 48 Schlumberger Limited Company Overview
- Table 49 Schlumberger Limited Company Overview
- Table 50 Swire Oilfield Services Ltd Company Overview
- Table 51 Swire Oilfield Services Ltd Company Overview
- Table 52 Weatherford International PLC Company Overview
- Table 53 Weatherford International PLC Company Overview
- Table 54 Transocean Ltd Company Overview
- Table 55 Transocean Ltd Company Overview
- Table 56 Nabors Industries, Inc. Company Overview
