Middle East & Africa Hydraulic Fracturing Market Size – By Technology, By Well, By Application, Growth Forecast, 2025 - 2034

Middle East & Africa Hydraulic Fracturing Market Size

The Middle East & Africa hydraulic fracturing market size in 2024 was valued at USD 2.1 billion and is estimated to grow at a CAGR of 8.6% from 2025 to 2034. The hydraulic fracturing market is expanding due to increasing energy demand driven by industrial and commercial sector growth.
 

Declining production from conventional wells and an increasing number of mature fields along with implementation of foreign direct investment provisions and various financial incentives, including tax benefits will contribute to the industry growth. Hydraulic fracturing is a well stimulation technique that creates fractures in rock formations to enable hydrocarbon flow to the surface. The process involves pumping high-pressure fluids containing proppants including ceramic pellets and sand, water, and chemical additives to expand fractures within rock formations.
 

Middle East & Africa Hydraulic Fracturing Market Trends

Middle East & Africa hydraulic fracturing industry is set to grow owing to rising energy demand from various industries, driven by rising population and urbanization growth. Rising demand for oil and gas across the emerging nations coupled with of exploration of unconventional oil and gas resources, including shale gas, coal bed methane, and tight oil, wis augmenting the industry outlook.
 

For instance, in May 2024, ADNOC Drilling entered into a USD 1.7 billion agreement to access unconventional oil and gas resources in UAE. The company formed Turnwell Industries through a partnership with U.S.-based companies SLB and Patterson-UTI Energy. These unconventional sources encompass offshore deposits, oil sands, shale formations, tight reservoirs, and gas hydrates.
 

Middle East & Africa Hydraulic Fracturing Market Analysis

Plug and perforation segment is anticipated to grow over USD 3.7 billion by 2034. The technique involves deploying a bridge plug and perforating guns using wireline, which is commonly used in conventional fields and wells with cemented liners. The method's effectiveness in horizontal wells and widespread adoption in cased hole wells contribute to its growing implementation in the industry.
 

Middle East & Africa hydraulic fracturing market from horizontal segment is anticipated to witness a CAGR of over 9% by 2034. The horizontal hydraulic fracturing market is expected to grow due to its extensive use in extracting unconventional hydrocarbon resources and the increasing number of shale development projects. The method offers higher productivity compared to vertical drilling and enables access to surrounding natural gas deposits further augmenting the business dynamics.  Increasing adoption of well stimulation technologies and the need to enhance production from existing wells and government measures to boost domestic production and maintain supply security is complementing the industry outlook
 

Saudi Arabia hydraulic fracturing market is set to grow over USD 600 million by 2034. Availability of substantial proven reserves across the nation, along with increasing inclination to maximizing production from mature oilfields. Shifting focus on shale oil resources, technological improvements in extraction methods and reservoir management is playing crucial role in optimizing resource utilization. Rising number of low-pressure oil wells that require specialized extraction techniques and increasing energy consumption patterns continues to create sustained demand for oil products across industrial, transportation, and residential sectors.
 

The discovery of new oil and gas fields, together with R&D investments by major oilfield service companies toward increasing domestic production capacity and reduced dependence on Russian gas will positively influence the business dynamics. For instance, in July 2024, Recent exploration efforts by Saudi Aramco revealed seven new oil and gas discoveries in the Eastern Province. These include fields like Ladam, Al-Farouk, Mazalij, Al-Jahaq, Al-Katuf, Hanifa, and Al-Fadhili, significantly expanding the nation’s hydrocarbon production capabilities.
 

Middle East & Africa Hydraulic Fracturing Market Share

Major companies in the Middle East & Africa hydraulic fracturing industry are focusing on consolidation and research and development investments as primary growth strategies to maintain competitiveness. However, high capital requirements and fluctuating oil prices present significant challenges for market participants. Moreover, significant contracts by several authorities across the region is creating a favorable environment for companies to capture a larger market share.
 

Middle East & Africa Hydraulic Fracturing Market Companies

Major players operating across the industry include:

• ADNOC
• Baker Hughes
• Calfrac Well Services
• ConocoPhillips
• Dubai Petroleum
• ExxonMobil
• Halliburton
• NESR
• NOV
• SLB
• Tacrom Services
• TAQA
• TechnipFMC
• Trican Well Services
• Weatherford
   

Middle East & Africa Hydraulic Fracturing Industry News

• In December 2024, Egypt signed its first fracking contract with Apache and Shell, involving investments of USD 30-40 million, as announced by the oil ministry. The project, aimed at increasing output and addressing energy shortages, will utilize horizontal drilling and hydraulic fracturing techniques similar to the U.S. shale gas production methods. The contract includes drilling three wells in the Abu al-Ghardeeq region of the Western Desert, located approximately 200 km west of Cairo, marking Egypt's first agreement for unconventional gas production.
   
• In February 2024, TAG Oil Ltd. announced progress on its BED4-T100 well drilling in Egypt's Western Desert Badr Oil Field. After completing the intermediate cased section re-drilling, the company positioned the casing liner in the Abu Roash "F" reservoir zone at 3,238 meters depth. The ongoing horizontal pay zone drilling is expected to finish within three weeks, covering a 1,000-meter section. Once complete, the rig will be relocated for hydraulic fracture stimulation of the reservoir.
   

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

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Market, By Technology

• Plug and perforation
• Sliding sleeve

Market, By Well

• Horizontal
• Vertical

Market, By Application

• Crude oil
• Shale gas
• Tight gas
• Tight oil
• Others

The above information has been provided for the following countries:

• Saudi Arabia
• UAE
• Oman
• Egypt