Middle East Africa Well Intervention Market

Middle East & Africa Well Intervention Market Size

The Middle East & Africa well intervention market size was valued at USD 2.4 billion in 2024 and is set to experience a growth rate of 6.4% from 2025 to 2034. Increasing number of mature oil & gas resource fields, together with rising demand for refined petroleum products due to urbanization and industrialization in emerging economies, complementing the industry landscape. The development & expansion of aging oilfields and the growing need for logging services, driven by changes in well geological substructures, contributes to the industry growth.

Ongoing exploration of oil & gas reserves across offshore locations together with investments by firms toward the development of new reserves will influence the business dynamics. For instance, in September 2024, BP Egypt identified a substantial gas reservoir north of Damietta city, positioned near its Temsah offshore operations. The Salamat exploration project, undertaken in the North Damietta Offshore region, marked a milestone as the Nile Delta's deepest well. Using advanced drilling equipment, the operation penetrated substantial depths, revealing gas and condensate deposits within Oligocene formations.

Middle East & Africa Well Intervention Market Trends

Middle East & Africa well intervention industry is expected to grow owing to increasing demand for energy and new oilfield developments, supported by efforts to enhance productivity in conventional fields across key countries. Abundant availability of large, untapped hydrocarbon reserves along with rising deep and ultra-deep sea explorations, aging oil & gas fields, driving the industry growth.

Investment in technological advancements to enhance exploration and production efficiency coupled with government initiatives focused on developing mature fields further augmenting the business outlook. For instance, in May 2024, ADNOC awarded a USD 1.7 billion contract to ADNOC Drilling Company for drilling and associated services to recover unconventional energy resources and deliver 144 unconventional oil and gas wells in UAE.

Middle East & Africa Well Intervention Market Analysis

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The zonal isolation segment is anticipated to cross USD 1 billion by 2034. The expansion of shale reserve exploration coupled with rising natural gas requirements in emerging nations, continues to shape the industry dynamics. Rising capital expenditure and shifting focus on deep and ultra-deep well exploration, offering significant production potential will complement the business landscape. The intensification of deep-water drilling operations, and ongoing investments in advanced technologies and specialized equipment to access these challenging reservoirs will shape the industry dynamics.

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Middle East & Africa well intervention market from offshore segment is predicted to witness a CAGR of over 7% through 2034. The offshore well intervention industry is growing owing to increased investments in subsea production and supportive regulations for deepwater drilling activities. Shifting focus toward offshore field production, which offers economic advantages and access to substantial untapped reserves will further augment the industry outlook.

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Saudi Arabia well intervention market is set to reach USD 510 million by 2034. Abundant availability of extensive proven oil reserves coupled with increasing focus on aging oil fields is driving the industry growth. The increasing presence of low-pressure oil wells, rising energy consumption and increased focus on shale reserves augment the industry landscape.

Favorable initiatives by the government authorities and companies for developing these reserves to meet the rising energy demand from various sectors will shape the industry dynamics. For instance, in July 2024, in the Eastern Province, Saudi Aramco identified several new energy resources, comprising two unconventional oil deposits, a light oil reservoir, and multiple gas fields. The Al-Ladam field's Ladam-2 well produces 5,100 barrels of very light Arabian oil and 4.9 million standard cubic feet of gas daily. At the Al-Farouq field, well number 4 generates 4,557 barrels of very light oil and 3.79 million standard cubic feet of gas per day.

Middle East & Africa Well Intervention Market Share

Major companies in the Middle East & Africa well intervention industry is pursuing mergers and acquisitions to expand their operations. Additionally, companies are investing in research and development activities and allocating resources to develop mature fields as part of their strategic initiatives. improvements in distribution networks, development of new financing options for offshore projects, and strategic activities such as collaborations, joint ventures, and mergers and acquisitions that strengthen market positions.

Middle East & Africa Well Intervention Market Companies

Major players operating across the Middle East & Africa well intervention industry include:

• Aramco
• Baker Hughes
• Emdad
• Expro
• ExxonMobil
• Halliburton
• Hunting Energy
• Nortech
• NOV
• Oceaneering
• Omega
• Rawabi
• Schlumberger
• Smith Gulf
• Superior Energy
• TAQA
• TechnipFMC
• Wellpro
• Weatherford
  

Middle East & Africa Well Intervention Industry News

• In February 2024, Helix Energy Solutions won a contract from Esso Exploration and Production Nigeria for well intervention work at two offshore fields. The operations will begin in September 2024 at the Erha and Usan fields, which lie 97 kilometers from Nigeria's coast in waters 700-1,500 meters deep. The work involves using the Q4000 vessel, equipped with intervention systems and remote vehicles, to perform various well services including production enhancement and decommissioning tasks.
  
• In February 2024, the Norwegian-based Odfjell Technology has strengthened its Middle East market position by opening a new facility in Saudi Arabia's Eastern Province. The 10,000 sqm Qatif facility marks a fourfold increase in the company's operational capabilities. This expansion allows the firm to enhance its service offerings, including Tubular Running Services, wellbore maintenance, drilling equipment rental, and well intervention operations. The facility's development includes new machinery installations and workshop upgrades, with plans for workforce expansion and substantial drilling activities.
  

The Middle East & Africa well intervention market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2034, for the following segments:

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Market, By Service

• Logging & Bottom hole Survey
• Tubing/Power Failure & Repair
• Stimulation
• Remedial Cementing
• Zonal Isolation
• Sand Control
• Artificial Lift
• Fishing
• Reperforation
• Others

Market, By Intervention

• Light
• Medium
• High

Market, By Application

• Onshore
• Offshore
  • Shallow
  • Deep
  • Ultra deep

The above information has been provided for the following regions and countries:

• Saudi Arabia
• UAE
• Turkey
• Egypt
• Nigeria
• Angola