Middle East Oilfield Services Market Worth $90,150.1 Million by 2019

The report “Middle East Oilfield Services Market by Type (Coiled Tubing Services, Well Completion, Drilling Fluids, Drilling Services, OCTG, Wireline Services & Others), by Application (Onshore & Offshore), by Country – Analysis and Forecasts to 2019”, the oilfield services market in the Middle East was valued at $73,405.6 million in 2014, and is estimated to reach $90,150.1 million by 2019, at a CAGR of 4.2% from 2014 to 2019.

Browse through the TOC of Middle East Oilfield Services market for an analysis of industry trends, segments & forecasts.

The growing demand for oil and gas has led to an increase in the exploration of oil and gas fields. With every new discovery being made, logging, completion, and intervention activities are required to carry out the extraction of oil & gas. For proper production or injection of the well, completion services are required. Thus, the growth in the oilfield services is propelled by the increasing number of new oil wells.                                                                                                   

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In 2014, Saudi Arabia held the largest market share of 24.0% in the Middle Eastern oilfield services market, followed by UAE that accounted for a market share of 14.3%.

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The main segments categorized on the basis of type in the Middle Eastern oilfield services market are coiled tubing service, completion equipment & service, drilling & completion fluid, drilling waste management, OCTG, pressure pumping service, well intervention service, and wireline service. The market has been further analyzed in terms of the major countries operating in the Middle Eastern oilfield services market, such as Saudi Arabia, UAE, Qatar, Oman and others.

Key players in the Middle East Oilfield Services Market include Halliburton Co. (U.S.), Schlumberger Ltd. (U.S.), Baker Hughes Inc. (U.S.), Weatherford International Ltd. (Ireland), and Superior Energy Services (U.S.).

Related Report:
Africa Oilfield Services Market

Africa has a low share of 4.8% in the global oilfield services market in 2013. The total revenue generated by the African oilfield services market is $7,642.3 million in 2013, which is expected to grow at a CAGR of 14.2% from 2014 to 2019 to reach $16,909.2 million by 2019. OCTG has the highest share followed by pressure pumping and well intervention services. Angola and Egypt are the key oilfield services markets in this region.

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