Saudi Arabia Directional Drilling Market | Analysis, Size, Industry, Growth, Trends and Forecast 2028
Rising investments in drilling technologies are driving market growth in the forecast period.
According to TechSci
Research's report, "Saudi
Arabia Directional Drilling Market – By Region, Competition, Forecast &
Opportunities, 2028," the Saudi Arabia Directional Drilling Market
will continue to expand due to increasing utility installations, investments in
shale gas extraction projects, and rising spending on telecom infrastructure
improvements for high-speed connectivity. By 2025, approximately 11,100
directional drilling runs are expected in KSA, with 20,700 runs projected
throughout the GCC.
Directional drilling, also
known as directional boring, involves drilling in a non-vertical direction to
access subsurface oil or petrol resources. It improves oil and gas extraction
efficiency while reducing environmental impact.
The Saudi Arabia Directional
Drilling Market is segmented by type, component, service, technology, location,
and region. Types include conventional and rotary steerable systems, while
components comprise drilling tool rental, rig rental, OCTG rental, consumables,
and others. Services include drilling, logging-while-drilling, and
measurement-while-drilling & survey. Technologies cover wellbore
positioning, side tracking, well planning, and others. Locations are
categorized as onshore and offshore, while regions include northern &
central, western, eastern, and southern regions.
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Arabia Directional Drilling Market”
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In the forecast period, the offshore segment is expected to see the highest
growth, accounting for over 55% of the market share and with a significant
CAGR. This growth is driven by increased exploration and production activities
due to vast untapped oil and gas resources. Lower breakeven prices for
unapproved projects reduce offshore oil production costs. Onshore projects are
more economical than offshore drilling due to lower infrastructure
requirements. Market dynamics are influenced by crude oil price volatility.
Horizontal and extended reach wells are preferred for offshore reserves
development, reducing platform needs. Rising investments and upcoming
exploration activities in the offshore sector will drive demand for directional
drilling services.
In terms of type, the market
is divided into conventional and rotary steerable systems, with the latter
dominating. Rotary Steerable System (RSS) offers better performance and
cost-effectiveness compared to conventional systems. Various equipment like whipstocks,
bent subs, and directional bottom hole assemblies are used for drilling
directional wells. RSS provides smoother boreholes and reduced tortuosity,
leading to quicker casing installation and improved logging data quality,
offering both technical and financial benefits, as seen in the Mavvar field.
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
In today's fast-paced technological landscape, investing in innovative research
and development can drive market growth and benefit both consumers and industry
players. New entrants can focus on R&D to meet supplier needs and enhance
brand value.
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"The
Saudi Arabia oil drilling sector will see significant growth in the next five
years, driven by the global surge in private and commercial vehicle usage.
Additionally, domestic technological advancements contributing to global
progress will fuel market expansion. Government regulatory bodies and schemes
are in place to manage legal requirements for offshore and onshore drilling
processes, production, and oil distribution, further supporting market
growth," noted Karan Chechi, Research Director at TechSci Research.
"The report 'Saudi
Arabia Directional Drilling Market Segmented By Type, Component, Service,
Technology, Location, Region, Competition Forecast and Opportunities,
2018-2028' evaluates the future growth potential, providing insights on
size, structure, and future trends. It aims to offer cutting-edge market
intelligence for informed investment decisions, identifying emerging trends,
drivers, challenges, and opportunities in the Saudi Arabia Directional Drilling
Market."
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