MENA Directional Drilling Market Research Report Information by Well Type (Horizontal, Extended-reach, Others), by Drilling Technique (Unconventional, Conventional), by Service Type [Logging-while drilling (Tripple Combo, Non-Tripple Combo) Measurements-w

The MENA directional drilling market will expand at a CAGR of 4.4% between 2024 and 2032, ultimately attaining a size of USD 3,679.7 million by 2032. Directional drilling is the practice of drilling at predetermined angles to access oil, gas, or utility reserves located beneath obstacles or at distant locations. It helps reduce surface impact while increasing the productivity of drilling operations.

Directional drilling is MENA's going to have a very massive market due to the rising energy demand of the petrochemical, manufacturing, construction, power generation, and transportation sectors. Resources are being consumed more to sustain the growing regional megacities. The changes from single economies to a more diversified one, combined with rapid infrastructure development, have triggered this demand for oil and gas that is beyond the usual. Directional drilling addresses this challenge by providing efficient access to deep and unconventional reservoirs, enabling continuous energy availability. The use of this technique not only extends supply to industrial consumers but also is the main support for the region's development plans.

Key Company Development
In November 2017, Gulf Energy SAOC (GES), alongside National Petroleum Services, signed the definitive acquisition agreements with National Energy Services Reunited Corp. The transaction, valued at almost $1.1 billion, was intended to create a leading integrated oilfield services provider in the MENA region, thereby enhancing NESR's capabilities, size, and competitive success in a wide range of energy operations, achieving the goal set out in the agreement.

Major Competitors
Key competitors in the MENA directional drilling market are ADNOC Drilling Company, PJSC, Gulf Energy SAOC, Nabors Industries Ltd, Weatherford, OiLSERV, Baker Hughes Co, ERIELL Group, Catalana de Perforacions SA, TAQA, NewTech Services Holding Limited, SAWAFI - KINGDOM OF SAUDI ARABIA, Schlumberger Limited, Halliburton Energy Services, Inc., and National Energy Services Reunited Corp.

Report Attribute Details
Market Size 2023 USD 2,394.8 Million
Market Size 2032 USD 3,679.7 Million
CAGR (2024-2032) 4.4%
Base Year 2023
Market Forecast Period 2024-2032

Market Segmentation Insights
By Well Type: Horizontal - 4.1%, Extended-reach - 4.6%.
By Drilling Technique: Unconventional - 4.6%, Conventional - 4.3%.
By Service Type: Logging-while drilling - 5.1%, Measurements-while drilling - 4.2%.
By Application: Onshore - 4.3%, Offshore - 4.5%. Show more