Middle East and Africa Coiled Tubing Market - By Service, By Application, Analysis, Share, Growth Forecast, 2025 - 2034

Middle East & Africa Coiled Tubing Market Size

The Middle East & Africa coiled tubing market size in 2024 was valued at USD 465.7 million and is estimated to grow at a CAGR of 3% from 2025 to 2034. Rising exploration and production investments to meet growing energy demands, coupled with an increasing number of mature oil fields, is driving the industry growth. Coiled tubing, a continuous metal pipe wound on a large spool, with seamless design allows effective use in deep boreholes, often replacing wireline operations, crucial for well workover and repair.
 

Significant initiatives by respective authorities toward Offshore oil & gas production and exploration, ongoing technological innovations, changing economic landscapes, new regulatory frameworks, and shifts in energy patterns, are influencing the industry dynamics. For instance, in October 2024, The Egyptian General Petroleum Corporation has signed four memorandums of understanding to enhance exploration, production, and development activities in the oil and natural gas sector. These agreements involve a consortium comprising Hassan Allam Holding, Infinity Capital Investment, ElSewedy Industrial Group, Ezz Steel, and Advanced Petroleum Services Group.
 

Middle East & Africa Coiled Tubing Market Trends

Middle East & Africa coiled tubing industry is set to grow owing to the increasing offshore oil and gas activities, coupled with technological progress and investments in new wells exploration. Increased expenditure on facility development and infrastructure maintenance along with ongoing exploration and ample reserves in the region will contribute to the industry growth. For instance, in September 2024, PETRONAS secured an oil & gas exploration concession for Onshore Block 2 in Abu Dhabi. The government granted full equity and operatorship to PETRONAS Abu Dhabi for the exploration phase. This 7,300 km2 block in the Al Dhafra region is the company's third concession in Abu Dhabi, following two previous unconventional block acquisitions in recent years.

Middle East & Africa Coiled Tubing Market Analysis

Well intervention segment is anticipated to grow over USD 295 million by 2034. Ongoing advancements in drilling technologies, activities aimed at enhancing oil field production along with the increasing prevalence of mature oil wells are driving the demand for coiled tubing in well intervention operations. Shifting focus toward adoption of technologies which reduces the risk of potential system damage by adjusting various downhole equipment and operators seeking to improve operational efficiency, will positively influence the business dynamics.
 

Middle East & Africa coiled tubing market from offshore segment is set to grow at a CAGR of over 3% through 2034. Ongoing maturation of onshore oil reserves and shifting focus by operators toward offshore locations for new exploration opportunities will complement the industry landscape. Increased investment in deep and ultra-deep seabed production, and coiled tubing operations offer significant cost advantages over traditional workover rigs, which are becoming increasingly essential for offshore operations, contributing to the industry growth. Paradigm shift toward onshore to deep-water exploration activities coupled with replacement of malfunctioning mechanical equipment by altering the flow dynamics and production profile of active wells is anticipated to further stimulate the business dynamics.
 

Saudi Arabia coiled tubing market is set to grow over USD 180 million by 2034. Rising exploration and production investments, along with advancements in drilling technologies, will significantly boost the industry outlook. Flourishing investments for oil & gas exploration activities, rising demand continuous tubing for well intervention, primarily due to the increasing number of mature oil wells will complement the industry landscape. For instance, in July 2024, Saudi Aramco recently announced new oil & gas discoveries in Saudi Arabia. The company found two unconventional oil fields, two natural gas fields, two gas reservoirs and a light Arabian oil reservoir, located across the Eastern Province. These findings demonstrate the company’s ongoing efforts to expand its energy resources.
 

Middle East & Africa Coiled Tubing Market Share

Major players in the Middle East & Africa coiled tubing industry are focusing on mergers and acquisitions to gain a competitive edge. These strategies are crucial for leading companies to increase their market share. Additionally, product improvements and the expansion of supply networks are other significant approaches employed by global players to enhance their existing market positions. Consequently, the global coiled tubing market is expected to experience substantial growth during the forecast period.
 

Middle East & Africa Coiled Tubing Market Companies

Major players operating across the industry include:

• ASECO
• Baker Hughes
• Emirates Western
• Halliburton
• Jereh
• NOV
• Oceaneering
• Oilserv
• Premier Coil Solutions
• SLB
• Smith Gulf
• Superior Energy Services
• Superior Oilfield Services
• TAQA
• Tenaris
• Weatherford
   

Middle East & Africa Coiled Tubing Industry News

• In November 2024, SLB and Kuwait Oil Company collaborated on an innovative well intervention project in Kuwait. They employed advanced technologies, including distributed temperature sensing and 3D far-field sonic service, alongside real-time downhole coiled tubing services. This approach revealed a significant thief zone, mapped microfractures, and enhanced water intake patterns. The intervention boosted oil production by 200 barrels daily across four wells, with one previously non-producing well yielding 1,800 barrels per day.
   
• In August 2024, TAG Oil has finished a 12-stage hydraulic fracturing operation on its BED4-T100 well in Egypt. The company used concentrated acid stimulation for the first three stages in the more permeable section, followed by mechanical fracture stimulation with proppant for the remaining nine stages. Over 1 million pounds of sand were used across the 308-meter lateral section.
   

The Middle East & Africa coiled tubing market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” and “USD Million” from 2021 to 2034, for the following segments:

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Market, By Service

• Well intervention
• Well cleaning
• Well completion
  • Fishing
  • Perforation
  • Logging
  • Others
• Drilling
  • Managed pressure drilling
  • Directional drilling

Market, By Application

• Onshore
  • Well intervention
  • Well cleaning
  • Well completion
    • Fishing
    • Perforation
    • Logging
    • Others
  • Drilling
    • Managed pressure drilling
    • Directional drilling
• Offshore
  • Shallow
    • Well intervention
    • Well cleaning
    • Well completion
      • Fishing
      • Perforation
      • Logging
      • Others
    • Drilling
      • Managed pressure drilling
      • Directional drilling
  • Deep
    • Well intervention
    • Well cleaning
    • Well completion
      • Fishing
      • Perforation
      • Logging
      • Others
    • Drilling
      • Managed pressure drilling
      • Directional drilling
  • Ultra-Deep
    • Well intervention
    • Well cleaning
    • Well completion
      • Fishing
      • Perforation
      • Logging
      • Others
    • Drilling
      • Managed pressure drilling
      • Directional drilling

The above information has been provided for the following countries:

• Saudi Arabia
• Egypt
• UAE
• Oman
• Kuwait
• Algeria