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Middle East and Africa Coiled Tubing Market Size

Report ID: GMI12634
Published Date: Dec 2024
Report Format: PDF

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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.

Middle East & Africa Coiled Tubing Market

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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 Report Attributes
Report Attribute	Details
Base Year:	2024
Middle East & Africa Coiled Tubing Market Size in 2024:	USD 465.7 Million
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	3%
2025 – 2034 Value Projection:	USD 617.9 Million
Historical Data for:	2021 – 2024
No. of Pages:	80
Tables, Charts & Figures:	10
Segments covered:	Service, Application and Country
Growth Drivers:	Increasing investments across offshore oil & gas reserves Growing demand for hydrocarbons and rising focus toward development of mature oil fields
Pitfalls & Challenges:	High associated costs

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Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The Middle East & Africa coiled tubing industry was valued at USD 465.7 million in 2024 and is estimated to grow at a 3% CAGR from 2025 to 2034, driven by rising exploration and production investments to meet growing energy demands.

The well intervention segment is anticipated to surpass USD 295 million by 2034, driven by advancements in drilling technologies and the increasing prevalence of mature oil wells.

The Saudi Arabia coiled tubing market is projected to exceed USD 180 million by 2034, bolstered by rising exploration and production investments and advancements in drilling technologies.

Major players in the industry include ASECO, Baker Hughes, Emirates Western, Halliburton, Jereh, NOV, Oceaneering, Oilserv, Premier Coil Solutions, SLB, Smith Gulf, and Superior Energy Services.