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Middle East & Africa Coiled Tubing Market
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Middle East & Africa Coiled Tubing Market Size
The Middle East & Africa coiled tubing market size in 2024 was valued at USD 465.7 million and is estimated to grow at a CAGR of 3% from 2025 to 2034. On account of the rising marginal oil fields and an increase in energy demand, the need for investment in exploration and production has grown. Coiled tubing has supplied deep boreholes with seamless pipes which effective in the well workover wireline in operations during the repair operations. The technology involves a hose which is coiled in large spools to support the hydrocarbon production more efficiently.
To get key market trends
Different characteristics have been contributing to the change of oil and gas sectors in international perspective. Additionally, new regulatory conditions, the development of technologies in the region and new patterns in the energy market have affected the situation greatly. One of the most significant instances is the signing of four intercompany agreements in Egypt in October 2024 intended to strengthen exploration, production and development in the oil and natural gas sectors. These agreements involve a consortium comprising Hassan Allam Holding, Infinity Capital Investment, ElSewedy Industrial Group, Ezz Steel, and Advanced Petroleum Services Group.
Middle East & Africa Coiled Tubing Market Report Attributes
| Key Takeaway | Details |
|---|---|
| Market Size & Growth | |
| Base Year | 2024 |
| Market Size in 2024 | USD 465.7 Million |
| Forecast Period 2025 – 2034 CAGR | 3% |
| Market Size in 2034 | USD 617.9 Million |
| Key Market Trends | |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Middle East & Africa Coiled Tubing Market Trends
The Middle East & Africa coiled tubing industry is set to grow owing to the increasing offshore oil and gas activities, coupled with technological progress and investments in new wells exploration. Exploration & production expansion, backed by having ample reserves in the region along with improvement of infrastructure will improve the industry landscape. For example, in September 2024, PETRONAS obtained full hydrocarbon exploration operatorship and equity concession by the government over Area Onshore Block 2, located in Abu Dhabi. The 7,300 km2 block in the Al Dhafra region is PETRONAS's third concession in the country.
Middle East & Africa Coiled Tubing Market Analysis
Learn more about the key segments shaping this market
The well intervention segment is anticipated to grow over USD 295 million by 2034. Ongoing advancements in drilling technologies, activities aimed at enhancing oil field production along with the increasing prevalence of mature oil wells are driving the demand for coiled tubing in well intervention operations. Shifting focus toward adoption of technologies which reduces the risk of potential system damage by adjusting various downhole equipment and operators seeking to improve operational efficiency, will positively influence the business dynamics.
Learn more about the key segments shaping this market
The offshore segment is set to grow at a CAGR of over 3% through 2034. Ongoing maturation of onshore oil reserves and shifting focus by operators toward offshore locations for new opportunities will complement the industry landscape. In addition, ongoing investments in deep and ultra-deep seabed production, where coiled tubing operations offer significant cost advantages over traditional workover rigs. Paradigm shift toward onshore to deep-water exploration activities coupled with replacement of malfunctioning mechanical equipment by altering the flow dynamics and production profile of active wells is anticipated to further stimulate the business dynamics.
Looking for region specific data?
The Saudi Arabia coiled tubing market is set to grow over USD 180 million by 2034, attributed by the rising E&P initiatives along with the efforts being made in driller technologies. Also, increasing investments for oil & gas exploration activities, strong demand for continuous tubing for well-interventions, in particular as a result of growing mature oil wells, will add up to the industry scenario. For instance, in July 2024, Saudi Aramco has recently reported oil & gas finds in Saudi Arabia with the discovery of two unconventional oil fields, two natural gas fields, two gas reservoirs and a reservoir of light Arabian oil in the Eastern Province. These findings will complement the company’s efforts to acquire more energy resources.
Middle East & Africa Coiled Tubing Market Share
Mergers & acquisitions has been taken up by the prominent players in the Middle East & Africa coiled tubing industry to boost their competitive position. These strategies play a crucial role to boost the industry competition across the leading nations. Additionally, product improvements and the expansion of supply networks are other significant approaches employed by global players to enhance their existing market positions. Consequently, the global coiled tubing market is expected to experience substantial growth during the forecast period.
Middle East & Africa Coiled Tubing Market Companies
Major players operating across the industry include:
- ASECO
- Baker Hughes
- Emirates Western
- Halliburton
- Jereh
- NOV
- Oceaneering
- Oilserv
- Premier Coil Solutions
- SLB
- Smith Gulf
- Superior Energy Services
- Superior Oilfield Services
- TAQA
- Tenaris
- Weatherford
Middle East & Africa Coiled Tubing Industry News
- In November 2024, SLB and Kuwait Oil Company worked together on an innovative well intervention project in Kuwait. They utilized state of the art technologies including distributed temperature sensing and 3D far-field sonic service, along with real-time downhole coiled tubing services. This strategy uncovered a considerable thief zone, mapped microfractures and modified water intake patterns significantly. The intervention raised oil production by 200 barrels a day per four wells and one additional such well, which was not producing earlier, made 1,800 barrels per day.
- In August 2024, TAG Oil has finished a 12-stage hydraulic fracturing operation on its BED4-T100 well in Egypt. The company used concentrated acid stimulation for the first three stages in the more permeable section, followed by mechanical fracture stimulation with proppant for the remaining nine stages. Over 1 million pounds of sand were used across the 308-meter lateral section.
The Middle East & Africa coiled tubing market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” and “USD Million” from 2021 to 2034, for the following segments:
Market, By Service
- Well Intervention
- Well Cleaning
- Well Completion
- Fishing
- Perforation
- Logging
- Others
- Drilling
- Managed pressure drilling
- Directional drilling
Market, By Application
- Onshore
- Well Intervention
- Well Cleaning
- Well Completion
- Fishing
- Perforation
- Logging
- Others
- Drilling
- Managed pressure drilling
- Directional drilling
- Offshore
- Shallow
- Well Intervention
- Well Cleaning
- Well Completion
- Fishing
- Perforation
- Logging
- Others
- Drilling
- Managed pressure drilling
- Directional drilling
- Deep
- Well Intervention
- Well Cleaning
- Well Completion
- Fishing
- Perforation
- Logging
- Others
- Drilling
- Managed pressure drilling
- Directional drilling
- Ultra-Deep
- Well Intervention
- Well Cleaning
- Well Completion
- Fishing
- Perforation
- Logging
- Others
- Drilling
- Managed pressure drilling
- Directional drilling
- Shallow
The above information has been provided for the following countries:
- Saudi Arabia
- Egypt
- UAE
- Oman
- Kuwait
- Algeria
Frequently Asked Question(FAQ) :
Who are some of the prominent players in the coiled tubing market?
Major players in the industry include ASECO, Baker Hughes, Emirates Western, Halliburton, Jereh, NOV, Oceaneering, Oilserv, Premier Coil Solutions, SLB, Smith Gulf, and Superior Energy Services.
How much is the Saudi Arabia coiled tubing industry expected to grow?
The Saudi Arabia coiled tubing market is projected to exceed USD 180 million by 2034, bolstered by rising exploration and production investments and advancements in drilling technologies.
What is the forecast for the well intervention segment in the coiled tubing market?
The well intervention segment is anticipated to surpass USD 295 million by 2034, driven by advancements in drilling technologies and the increasing prevalence of mature oil wells.
How big is the Middle East & Africa coiled tubing market?
The Middle East & Africa coiled tubing industry was valued at USD 465.7 million in 2024 and is estimated to grow at a 3% CAGR from 2025 to 2034, driven by rising exploration and production investments to meet growing energy demands.
