Saudi Arabia Directional Drilling Market is Expected to grow at a robust CAGR of 5.98% through 2029

Rising investment in drilling technologies are propelling the market growth in the forecast period.

According to TechSci Research report, “Saudi Arabia Directional Drilling Market – By Region, Competition, Forecast & Opportunities, 2019-2029F”, Saudi Arabia Directional Drilling Market continue to grow in the forecast period due to growing utility installations and investments in shale gas extraction projects, as well as rising expenditure on various improvements throughout the telecom industry to provide high-speed connectivity. By 2025, 11,100 runs are anticipated to be required in KSA for directional drilling. By 2025, 20,700 runs are anticipated to be required for directional drilling throughout the GCC.

Drilling in a direction other than vertically to access a subsurface oil or petrol resource is known as directional drilling. Another name for directional drilling is directional boring. Directional drilling can reduce the environmental effect while improving the efficiency of oil and gas extraction.

The Saudi Arabia Directional Drilling Market is divided into type, component, service, technology, location, and region. Based on type, the market is segmented into conventional system and rotary steerable system. Based on component, the market is segmented into drilling tool rental, rig rental, OCTG rental, consumables, and others. Based on service, the market is divided into drilling, logging-while-drilling, and measurement-while-drilling & survey. Based on technology, the market is segmented into wellbore positioning, side tracking, well planning, and others. Based on location, the market is segmented into onshore and offshore. Based on region, the market is segmented into northern & central region, western region, eastern region, and southern region.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Saudi Arabia Directional Drilling Market”

Based on Location, over the forecast period, the offshore segment is anticipated to experience the highest growth, Over the forecast period, the offshore segment is expected to experience the highest growth in the directional drilling market due to several key factors driving its expansion. Offshore drilling, particularly in deepwater and ultra-deepwater environments, presents significant opportunities for directional drilling technologies. The growth in this segment is primarily fueled by the increasing exploration and production activities in offshore oil and gas fields, which require advanced drilling techniques to efficiently access and extract resources.

The complexity and depth of offshore reservoirs necessitate the use of directional drilling to reach hydrocarbon deposits located beneath challenging geological formations. Directional drilling allows for precise well placement, minimizing the need for multiple wells and reducing the overall environmental footprint. This capability is crucial in offshore settings, where drilling from fixed platforms or floating rigs requires careful navigation and accurate drilling to optimize resource recovery and minimize operational risks. Additionally, the rising global demand for oil and gas, coupled with technological advancements, drives the expansion of offshore drilling activities. As traditional onshore reserves become depleted or less economically viable, companies are increasingly turning to offshore fields, which often hold vast untapped reserves. The development of new technologies, such as advanced subsea systems and improved drilling equipment, enhances the efficiency and safety of offshore directional drilling operations, further boosting market growth.

The offshore segment’s growth is also supported by substantial investments from major oil and gas companies in developing and upgrading offshore infrastructure. These investments focus on enhancing drilling capabilities, extending the lifespan of existing fields, and exploring new offshore regions. The growing emphasis on maximizing production from offshore reserves aligns with the broader industry trend of investing in high-potential, high-reward exploration areas. Furthermore, geopolitical factors and energy security concerns drive investment in offshore drilling, as countries seek to reduce dependence on imported energy by tapping into their offshore resources. This strategic focus on offshore assets reinforces the demand for directional drilling services, as companies strive to exploit these resources effectively and sustainably.

The offshore segment is poised for significant growth in the directional drilling market due to increased exploration and production activities, technological advancements, and strategic investments in offshore infrastructure. The need for precise, efficient drilling in challenging offshore environments underscores the critical role of directional drilling technologies in this expanding sector.

Major companies operating in the Saudi Arabia Directional Drilling Market are:

• Schlumberger Saudi Arabia Limited Company
• Weatherford Energy Services Saudi Arabia Co. Ltd
• Halliburton Company
• Baker Hughes Saudi Arabia Co
• Nabors Industries Ltd
• National Oilwell Varco Inc
• Valaris PLC
• Noble Corporation PLC
• Saipem SpA
• Arabian Drilling Company

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“The rise of the Saudi Arabia oil drilling business will be fuelled by a boom in private and commercial automobiles around the world during the next five years. Also, due to domestic technology breakthroughs and their contribution to global technological advancements, the market will undoubtedly expand over the next five years. To manage and maintain the legal requirements for offshore and onshore oil drilling processes and production, as well as the distribution and supply of the oil and by-product gases, government authorities have regulatory bodies and schemes in place. This will help the market grow over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Saudi Arabia Directional Drilling Market Segmented By Type (Conventional System, Rotary Steerable System), By Component (Drilling Tool Rental, Rig Rental, OCTG Rental, Consumables, Others), By Service (Drilling, Logging-While-Drilling, Measurement-While-Drilling & Survey), By Technology (Wellbore Positioning, Side Tracking, Well Planning, Others), By Location (Offshore, Onshore), By Region, Competition, Forecast and Opportunities, 2019-2029F”, has evaluated the future growth potential of Saudi Arabia Directional Drilling Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Saudi Arabia Directional Drilling Market.

Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com