UAE Oil and Gas Market

Detailed market report on the UAE oil and gas market, featuring industry analysis, size, and forecast from 2025 to 2030.

The Oil and Gas Industry in UAE is segmented by Sector (Upstream, Midstream, and Downstream).

Oil and Gas in UAE Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

UAE Oil and Gas Market Size

United Arab Emirates Oil And Gas Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 8.40 %
Market Concentration Medium

Major Players

United Arab Emirates Oil And Gas Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of UAE Oil And Gas Market with other markets in Energy & Power Industry

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Energy Storage Technology

UAE Oil and Gas Market Analysis

The UAE Oil And Gas Market is expected to register a CAGR of 8.4% during the forecast period.

  • Over the medium term, factors such as increasing investment in the upstream sector coupled with supportive government policies are expected to drive the market's growth during the forecast period.
  • On the other hand, the plans to diversify the power generation mix by introducing renewable energy sources are expected to hinder the market's growth during the forecast period.
  • Nevertheless, the increasing demand for LNG in the country leads to the integration of smart technologies in the existing LNG infrastructure, creating ample opportunities for the market players during the forecast period.

UAE Oil and Gas Industry Overview

The United Arab Emirates oil and gas market is moderately fragmented. Some of the major players in the market (in no particular order) include Abu Dhabi National Oil Company (ADNOC), Exxon Mobil Corporation, BP PLC, Emirates National Oil Company Group, and TotalEnergies SE.

UAE Oil and Gas Market Leaders

  1. TotalEnergies SE

  2. BP PLC

  3. Exxon Mobil Corporation

  4. Abu Dhabi National Oil Company (ADNOC)

  5. Emirates National Oil Company Group

  6. *Disclaimer: Major Players sorted in no particular order
United Arab Emirates Oil And Gas Market Concentration
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UAE Oil and Gas Market News

  • June 2023: National Petroleum Construction Company PJSC (NPCC), wholly owned by National Marine Dredging Company PJSC, UAE, announced that it had awarded a new contract from Abu Dhabi National Oil Company (ADNOC), UAE. The worth of the contract is USD 162.3 million. The project is related to the Engineering, Procurement, and Construction works for installing seven jackers for ADNOC.
  • February 2022: Abu Dhabi's oil and gas company, ADNOC, announced the discovery of between 1.5 to 2 trillion standard cubic feet of gas in an offshore area in the northwest. The discovery comes as Gulf Arab states continue to count greatly on profits from oil and gas exports.
  • January 2022: Abu Dhabi National Oil Company (ADNOC) awarded a USD 946 million EPC contract for the long-term strategic development of its Umm Shaif field. The EPC contract was awarded by ADNOC Offshore to National Petroleum Construction Company after a competitive tender process.

UAE Oil and Gas Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Oil and Gas Reserves in the United Arab Emirates, till 2022
  • 4.3 Crude Oil Production and Consumption Forecast in thousand barrels per day, till 2028
  • 4.4 Natural Gas Production and Consumption Forecast in billion cubic feet per day, till 2028
  • 4.5 Recent Trends and Developments
  • 4.6 Government Policies and Regulations
  • 4.7 Market Dynamics
    • 4.7.1 Drivers
    • 4.7.1.1 Increasing Investment in the Upstream Sector
    • 4.7.1.2 Supportive Government Policies
    • 4.7.2 Restraints
    • 4.7.2.1 Increasing Demand to Diversify the Power Generation Mix by Introducing Renewable Energy Sources
  • 4.8 Supply Chain Analysis
  • 4.9 PESTLE Analysis

5. MARKET SEGMENTATION - BY SECTOR

  • 5.1 Upstream
  • 5.2 Midstream
  • 5.3 Downstream

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Oil and Gas Operators
    • 6.3.1.1 Abu Dhabi National Oil Company (ADNOC)
    • 6.3.1.2 Exxon Mobil Corporation
    • 6.3.1.3 BP PLC
    • 6.3.1.4 Emirates National Oil Company Group
    • 6.3.1.5 TotalEnergies SE
    • 6.3.2 Oil and Gas Technology and Service Providers
    • 6.3.2.1 Schlumberger Limited
    • 6.3.2.2 Al Masaood Oil Industry Supplies & Service Co. LLC
    • 6.3.2.3 Halliburton Company
    • 6.3.2.4 China Oilfield Services Limited
    • 6.3.2.5 Expro Group
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increasing Demand for LNG
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UAE Oil and Gas Industry Segmentation

Oil and natural gas are major industries in the energy market and play an influential role in the global economy as the world's primary fuel source.

The United Arab Emirates oil and gas market is segmented by sector. By sector, the market is segmented by type into upstream, midstream, and downstream. The report offers the market size and forecasts in volume (thousand barrels per day) for the above segments.

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UAE Oil and Gas Market Research FAQs

What is the current UAE Oil And Gas Market size?

The UAE Oil And Gas Market is projected to register a CAGR of 8.40% during the forecast period (2025-2030)

Who are the key players in UAE Oil And Gas Market?

TotalEnergies SE, BP PLC, Exxon Mobil Corporation, Abu Dhabi National Oil Company (ADNOC) and Emirates National Oil Company Group are the major companies operating in the UAE Oil And Gas Market.

What years does this UAE Oil And Gas Market cover?

The report covers the UAE Oil And Gas Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the UAE Oil And Gas Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Oil and Gas in UAE Industry Report

The oil and gas industry in the UAE is a crucial sector that significantly impacts the country's economy. With abundant oil and gas reserves, the UAE has established itself as a key player in the global market. The industry overview shows that the sector is divided into upstream, midstream, and downstream operations, with the upstream segment dominating the market. The UAE government's policies and investment programs drive the demand for oil and gas in the upstream sector.

The industry trend indicates that the downstream segment focuses on refining and petrochemicals, aiming to become a significant petrochemical center. The industry's outlook is positive, with a focus on energy diversification, sustainability, and technological advancements. This outlook is supported by comprehensive industry analysis and sector analysis that provide insights into market share and market size.

Industry information and industry reports highlight the importance of advanced technology and strategic partnerships with global players in the UAE's oil and gas sector. Industry research and industry statistics show the industry's growth rate and market value, emphasizing the sector's role in the economy. The market forecast and market predictions suggest continued growth, driven by the UAE's commitment to innovation and sustainability.

The industry sales and industry worth are significant, contributing to the overall market cap and market structure. The industry profile and market overview provide a detailed understanding of the market segmentation and the role of market leaders. The market report and market review offer valuable insights into the industry's dynamics, supported by market data and market trends.

The industry's future outlook is promising, with a focus on growth forecast and market growth. The market outlook and market segments highlight the potential for continued expansion and development. The price trend and market update provide an understanding of the industry's economic impact. The industry's success is further supported by research companies and intelligence reports that offer a comprehensive analysis of the market.

In conclusion, the UAE's oil and gas industry is poised for continued growth and success, driven by strategic investments, advanced technology, and a commitment to sustainability. The industry's value and market capitalization highlight its importance in the global market, making it a critical sector for the UAE's economic development.