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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Saudi Arabia Well Completion Equipment and Services Market Outlook

The Saudi Arabia well completion equipment and services market size is projected to grow at a CAGR of 4.5% between 2025 and 2034. The market is being aided by the rising oil production and evolving regulatory landscape in the country’s oil and gas sector.

Key Trends in the Market

Well-completion equipment and services encompass a range of tools, materials, and procedures employed to ready an oil or gas well for production following the completion of drilling. This phase has a series of steps to guarantee that the well is primed to extract hydrocarbons efficiently and securely.

  • Saudi Arabia remains a global leader in oil production, and the sustained demand for hydrocarbons both domestically and internationally is a primary driver of Saudi Arabia well completion equipment and services market demand. The need to extract and process these resources efficiently drives continuous innovation in completion techniques.
  • The evolving regulatory landscape in Saudi Arabia's oil and gas industry, driven by the increasing global focus on environmental sustainability, is a significant factor supporting the Saudi Arabia well completion equipment and services market growth. As the government prioritises sustainability in the oil and gas sector, there is an increasing need for advanced well-completion solutions that can enhance operational efficiency, while reducing environmental impact.
  • Advanced technologies are being employed to enhance the efficiency of the completion process. The increasing integration of IoT (Internet of Things) and AI (Artificial Intelligence) technologies is one of the major Saudi Arabia well completion equipment and services market trends. These technologies are employed to enhance the efficiency of the completion process.

Market Analysis

Based on type, the market can be segmented into packers, sand control tools, multi-stage fracturing tools, liner hangers, smart wells, and safety valves, among others. The Saudi Arabia well completion equipment and services market segmentation, based on the location of deployment, includes onshore and offshore.

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 well completion equipment and services market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

  • Schlumberger Limited 
  • Halliburton Energy Services Inc. 
  • Baker Hughes Company 
  • Weatherford International plc 
  • National-Oilwell Varco Inc. 
  • TAQA KSA
  • Superior Energy Services Inc. 
  • Packers Plus Energy Services Inc. 
  • Welltec A/S
  • Others

Market Share by Type

Multi-stage fracturing tools are likely to account for a significant portion of the Saudi Arabia well completion equipment and services market share in the forecast period. Multi-stage fracturing tools are integral to the hydraulic fracturing process. This technique is employed in the oil and gas industry to enhance the production of hydrocarbons from unconventional reservoirs like shale formations.

These tools help in extracting a greater volume of hydrocarbons from reservoirs by creating multiple fractures along the wellbore. By doing so, a larger surface area of the reservoir rock is exposed to the wellbore, increasing the potential for oil and gas recovery.

Market Share by Location of Deployment

According to the Saudi Arabia well completion equipment and services market analysis, increasing onshore activities significantly affects the growth of the market. The country is committed to onshore drilling due to its intention to stay as a global leader in the field of oil production. Moreover, a notable development that is expected to further propel the growth of onshore drilling activities is the emergence of onshore shale reserves.

Competitive Landscape

Schlumberger Limited, a multinational company specialising in oilfield services, is headquartered in Paris, France. It stands as one of the largest global entities in its field, offering an extensive array of services and cutting-edge technologies to the oil and gas industry. Established back in 1926, Schlumberger has developed a diverse range of solutions, spanning from reservoir analysis and drilling to production and processing within the oil and gas sector.

Halliburton Energy Services Inc. is a multinational corporation specialising in delivering a wide array of products and services to the energy sector, with a strong emphasis on the oil and gas industry. Founded in 1919, the company is headquartered in Houston, Texas, USA. Its comprehensive service portfolio encompasses drilling, evaluation, completion, and production of both oil and natural gas wells, solidifying its position as a prominent player in this industry.

Baker Hughes Company, commonly known as Baker Hughes, is a multinational industrial service company providing a range of services and solutions to the oil and gas industry. The company was founded in 1907 with its current headquarters located in Texas, USA. Since the company began operations, it has developed and offered a wide array of services and products for oil and gas exploration, drilling, production, and reservoir management.

Other Saudi Arabia well completion equipment and services market players are Weatherford International plc, National-Oilwell Varco Inc., TAQA KSA, Superior Energy Services Inc., Packers Plus Energy Services Inc., and Welltec A/S, among others.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Location of Deployment
Breakup by Type
  • Packers
  • Sand Control Tools
  • Multi-Stage Fracturing Tools
  • Liner Hangers
  • Smart Wells
  • Safety Valves
  • Others
Breakup by Location of Deployment
  • Onshore
  • Offshore
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Schlumberger Limited 
  • Halliburton Energy Services Inc. 
  • Baker Hughes Company 
  • Weatherford International plc 
  • National-Oilwell Varco Inc. 
  • TAQA KSA
  • Superior Energy Services Inc. 
  • Packers Plus Energy Services Inc. 
  • Welltec A/S
  • Others

*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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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 4.5% between 2025 and 2034.

The market is driven by the sustained demand for hydrocarbons and the rising focus on unconventional resources such as shale gas.

The growing implementation of IoT and artificial intelligence in the completion process and the increasing focus on environmental sustainability are the key trends aiding the market growth.

The different equipment and services include are packers, sand control tools, multi-stage fracturing tools, liner hangers, smart wells, and safety valves, among others.

The different locations of deployment include onshore and offshore.

Well completion plays an essential role in ensuring optimal oil and gas production and protecting reservoir integrity, notably in unconsolidated formulations.

The key players in the market are Schlumberger Limited, Halliburton Energy Services Inc., Baker Hughes Company, Weatherford International plc, National-Oilwell Varco Inc., TAQA KSA, Superior Energy Services Inc., Packers Plus Energy Services Inc., and Welltec A/S, among others.

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