The Saudi Arabia drilling rigs market size reached approximately USD 4.74 Billion in 2025. The market is projected to grow at a CAGR of 6.60% between 2026 and 2035, reaching a value of around USD 8.98 Billion by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
6.6%
Value in USD Billion
2026-2035
*this image is indicative*
Drill rigs are large and complex pieces of machinery that are used to bore a hole into the earth’s surface. The machine is used to locate and extract resources such as oil, gas, and underground water. These machines are usually configured according to the environment they are used in.
The EMR’s report titled “Saudi Arabia Drilling Rigs Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Application
Market Breakup by Type
Market Breakup by Water Depth
Offshore activities are likely to surge during the forecast period, accounting for a substantial portion of the Saudi Arabia drilling rigs market share. The country has been actively working on its Vision 2030 plan, which aims to diversify its economy beyond oil. Offshore drilling helps tap into new natural gas reserves, providing additional revenue streams and reducing dependence on traditional onshore reserves.
According to the Saudi Arabia drilling rigs market analysis, due to the increasing offshore drilling activities, drill ships are expected to witness a rise in demand in the coming years. A drill ship is a self-propelled vessel equipped with drilling equipment. It is capable of drilling in deep water and ultra-deep-water locations. Drill ships are versatile and can operate in a wide range of water depths.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Saudi Arabia drilling rigs market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
Shelf Drilling Holdings Ltd is a company engaged in offshore drilling operations. The company is headquartered in Dubai and operates in multiple regions with a focus on shallow-water drilling services. It puts great emphasis on providing safe, efficient, and reliable drilling services to its clients.
KCA Deutag Group is an international drilling, engineering, and technology company operating in the oil and gas field. Since its establishment in 1888, the company has developed expertise in various fields, including geothermal drilling, oilfield equipment manufacturing, offshore drilling, decarbonisation, and clean energy.
Schlumberger Limited is a multinational oilfield services company that is widely recognised as one of the largest and most influential players in the global energy sector. Founded in 1926, the company has its headquarters in Texas, the United States. The company specialises in various fields, including coiled tubing, drilling, artificial lift, perforating, well testing, and emissions management, among others.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other Saudi Arabia drilling rigs market players include Saipem SpA, ARO Drilling (Saudi Aramco Rowan Offshore Drilling Company), China Petrochemical Corporation (Sinopec), and Arabian Drilling Company, among others.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the market reached an approximate value of USD 4.74 Billion.
The market is projected to grow at a CAGR of 6.60% between 2026 and 2035.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach a value of around USD 8.98 Billion by 2035.
The market is driven by the increasing focus of Saudi Arabia on diversifying its energy dependency and the introduction of training programmes to produce a new skilled workforce.
The growing integration of advanced technologies for automation and the commencement of large infrastructural development plans are expected to guide the market in the forecast period.
The different types of drilling rigs considered in the market report are jack-up rigs, semi-submersible, and drillships.
The different applications of drill rigs include onshore and offshore.
The key players in the market include Saipem SpA, ARO Drilling (Saudi Aramco Rowan Offshore Drilling Company), China Petrochemical Corporation (Sinopec), Arabian Drilling Company, Shelf Drilling Holdings Ltd., KCA Deutag Group, and Schlumberger Limited, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Type |
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| Breakup by Water Depth |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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