| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| CAGR | 4.00% |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Middle East and Africa Coiled Tubing Market Analysis by Mordor Intelligence
The Middle East and Africa Coiled Tubing Market is expected to register a CAGR of greater than 4% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently, the market has reached pre-pandemic levels. Over the medium term, the increasing investments, redevelopment of mature oilfields, and rising primary energy consumption are expected to drive the growth of the market studied.
On the other hand, the high volatility of crude oil prices and high maintenance costs are expected to hamper the growth of the Middle East and African coiled tubing market during the forecast period. Nevertheless, increasing exploration and production activities from new oil and gas field discoveries are expected to create lucrative growth opportunities for the Middle East and African coiled tubing market in the forecast period.
Saudi Arabia is expected to dominate the market and is expected to register the highest CAGR during the forecast period. This growth is attributed to new well drilling, expanding production of well bases, and increasing lateral length in newly drilled horizontal wells during the forecast period.
Middle East and Africa Coiled Tubing Market Trends and Insights
Well Intervention Application Segment to Dominate the Market
Coiled tubing services are the most preferred in well intervention applications, allowing stimulation, re-perforation, fluid pumping, fishing, sand control, and zonal isolation. The increasing capital expenditure on well performance enhancement and well cleaning is expected to drive the well intervention segment.
As per the OPEC Annual statistical bulletin 2022, the total crude oil production in the Middle East and African region was 2,732 '000 b/d in 2021. The new well intervention projects are expected to drive the Middle East and Africa coiled tubing market.
Likewise, for depleting reservoirs, the wells require completion or mechanical operation, such as fishing, perforation of producing wells, scale removal, setting up of a plug or packer, and increased production. The demand for these services drives the well intervention segment for coiled tubing.
The demand for well intervention operations in maturing offshore fields and other onshore fields in the Middle East and Africa is driving the coiled tubing services market. Moreover, these services are conventionally conveyed on coiled tubing and are designed to improve well and reservoir performance. The application of intervention services includes a matrix and fracture stimulation, wellbore cleanout, logging, perforating, nitrogen kick-off, sand control, drilling, cementing, well circulation, and mechanical isolation, presenting long-term contract opportunities for the coiled tubing services market.
In August 2022, the Abu Dhabi National Oil Company (ADNOC) announced a USD 1.17 billion contract for hiring thirteen self-propelled jack-up barges to drive offshore operational efficiencies and support the expansion of its crude oil production capacity to five million barrels per day (mmbpd) by 2030. The self-propelled jack-up barges will be hired along with the workforce and equipment. The barges will be utilized for rig-less well intervention, pre - and post-drilling operations, and topside maintenance and integrity restoration activities at offshore assets.
Therefore, the coiled tubing services market is driven by the rising well intervention operations.
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Saudi Arabia to Dominate the Market
Saudi Arabia is one of the largest oil and gas markets in the Middle East and African region. The country's massive oil and gas reserves and extensive midstream and downstream infrastructure projects are expected to drive the market studied during the forecast period.
As of June 2022, 56 active onshore and eight active offshore rigs were operating in the country. Most of the oil and gas production in Saudi Arabia comes from onshore fields, indicating the dominance of onshore fixed assets in the upstream segment of the country. Although the onshore assets dominate the upstream segment, the demand for coiled tubing services in the country's offshore oil and gas industry is expected to witness significant growth in the coming years. For instance, in November 2021, the country's state-owned oil company, Saudi Aramco, awarded EPC contracts worth USD 10 billion (along with CAPEX, expected to reach USD 68 billion over the first ten years of development) for the vast Jafurah unconventional gas field development. This is the largest non-associated gas field in the Kingdom of Saudi Arabia (KSA). This is expected to create opportunities for coiled tubing services.
With an estimated 200 trillion standard cubic feet of gas, the Jafurah basin hosts the most extensive liquid-rich shale gas play in the Middle East. This shale play covers an area measuring 17,000 square kilometers. The production of natural gas at Jafurah is expected to ramp up from 200 million standard cubic feet per day (scfd) in 2025 to reach a sustainable gas rate of two billion scfd of sales gas by 2030, with 418 million scfd of ethane and around 630,000 barrels per day of gas liquids and condensates. These are essential feedstock for the growing petrochemical industry, making Saudi Arabia one of the world's largest natural gas producers.
Therefore, Saudi Arabia is estimated to be the largest market. It is expected to be driven by new well drilling, expanding production of well bases, and increasing lateral length in newly drilled horizontal wells.
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Competitive Landscape
The Middle East and African coiled tubing market is moderately fragmented in nature. Some of the major players in the market (in no particular order) are Schlumberger Limited, Baker Hughes Company, Halliburton Company, Weatherford International PLC, and Oceaneering International Inc.
Middle East and Africa Coiled Tubing Industry Leaders
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Schlumberger Limited
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Baker Hughes Company
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Halliburton Company
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Weatherford International PLC
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Oceaneering International, Inc.
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- March 2022: The National Energy Services Reunited Corporation (NESR) was awarded one of the major contracts for cementing services by the Abu Dhabi National Oil Company (ADNOC). The award of framework agreements to five oilfield service providers was valued at USD 658 million, a vital portion of which includes NESR's scope for cementing services for up to seven years. NESR provides production services such as hydraulic fracturing, cementing, coiled tubing, filtration, completions, stimulation, pumping, and nitrogen services.
- February 2022: TAQA Well Services LLC signed a Mega Integrated Fracturing service contract worth more than SAR billion (USD 266 million) in Saudi Arabia. The scope of work includes fracturing, perforations, well testing, and coiled tubing services.
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Middle East and Africa Coiled Tubing Market Report Scope
Coiled tubing includes a continuous metal pipe used to perform various well completion, drilling, and intervention operations. Coiled tubing applications include drilling operations, hydraulic fracturing, well completions, removal of sand or fill from the wellbore, and other applications that involve pumping fluids at high temperatures and salinity.
The Middle East and African coiled tubing market is segmented by application, location of deployment, and geography. By application, the market is segmented into drilling, completion, and well intervention. By location of deployment, the market is segmented into onshore and offshore. The report also covers the market size and forecasts for the regions, including the United Arab Emirates, Saudi Arabia, South Africa, Egypt, and the Rest of Middle East and Africa. For each segment, the market sizes and forecasts are provided in terms of value in USD billion.
Application
| Drilling |
| Completion |
| Well Intervention |
Location of Deployment
| Onshore |
| Offshore |
Geography
| United Arab Emirates |
| Saudi Arabia |
| South Africa |
| Egypt |
| Rest of Middle East and Africa |
| Application | Drilling |
| Completion | |
| Well Intervention | |
| Location of Deployment | Onshore |
| Offshore | |
| Geography | United Arab Emirates |
| Saudi Arabia | |
| South Africa | |
| Egypt | |
| Rest of Middle East and Africa |
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Key Questions Answered in the Report
What is the current Middle East and Africa Coiled Tubing Market size?
The Middle East and Africa Coiled Tubing Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)
Who are the key players in Middle East and Africa Coiled Tubing Market?
Schlumberger Limited, Baker Hughes Company, Halliburton Company, Weatherford International PLC and Oceaneering International, Inc. are the major companies operating in the Middle East and Africa Coiled Tubing Market.
What years does this Middle East and Africa Coiled Tubing Market cover?
The report covers the Middle East and Africa Coiled Tubing Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Middle East and Africa Coiled Tubing Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Middle East and Africa Coiled Tubing Market Report
Statistics for the 2025 Middle East and Africa Coiled Tubing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle East and Africa Coiled Tubing analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
