Middle East & Africa Completion Equipment Market is Expected to Register a 5.16% CAGR Through 2030

Increasing Investments in Oil & Gas Exploration & Production and Technological Advancements & Smart Well Completions are likely to propel the market during the forecast period.

According to TechSci Research report, “Middle East & Africa Completion Equipment Market – By Country, Competition, Forecast and Opportunities, 2020-2030F”, Middle East & Africa Completion Equipment Market was valued at USD 2.29 Billion in 2024 and is expected to reach USD 3.12 Billion by 2030 with a CAGR of 5.16% during the forecast period.

As many oilfields in the Middle East and Africa mature, operators are turning to Enhanced Oil Recovery (EOR) and well optimization techniques to sustain and increase output. This trend is directly influencing the demand for specialized completion equipment that supports secondary and tertiary recovery processes.

Countries like Oman, Kuwait, and Algeria are actively implementing EOR strategies such as gas injection, chemical flooding, and thermal recovery. These methods require completion tools that can handle variable pressures, corrosive fluids, and fluctuating flow conditions. For instance, zonal isolation packers, corrosion-resistant materials, and high-capacity tubing strings are critical to maintain well integrity during EOR operations. Simultaneously, there is a push toward re-entering and re-completing older wells using advanced technologies to maximize remaining reserves. This includes using expandable liners, swellable packers, and multistage fracturing systems to improve reservoir contact and stimulate production in previously underperforming zones.

Advanced reservoir modeling and data analytics also support optimization efforts, allowing for better-targeted interventions and tailored completion strategies. As a result, service providers are developing more sophisticated tools and services focused on reservoir-specific solutions.

The emphasis on squeezing more value from existing assets is expected to keep driving innovation in completion technologies, with a strong focus on long-term durability, adaptability, and performance in EOR-intensive environments.

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Based on Application, The dominance of onshore operations in the Middle East & Africa (MEA) Completion Equipment market is primarily driven by the region’s vast reserves of easily accessible onshore oil and gas fields. Countries such as Saudi Arabia, Iraq, Kuwait, Algeria, and Libya host some of the world’s largest and most productive onshore reservoirs. These fields have been the backbone of the region’s hydrocarbon production for decades, and they continue to receive significant investment due to their relatively low exploration and development costs compared to offshore assets.

Onshore wells in MEA typically involve less complex logistics, lower capital expenditure, and faster project timelines, making them more economically viable, especially in price-sensitive environments. This cost efficiency encourages both national oil companies (NOCs) and international oil companies (IOCs) to prioritize onshore developments when allocating completion equipment budgets. In addition, many of the region’s mature onshore fields are undergoing redevelopment and enhanced oil recovery (EOR) programs to maximize recovery rates. These initiatives require the use of advanced completion tools such as packers, safety valves, and zonal isolation systems, further fueling demand for onshore completion equipment.

Political and security risks in certain offshore or deepwater locations, particularly in parts of West and Central Africa, often deter large-scale offshore development. Onshore projects offer a safer and more controllable environment for operators, both logistically and economically.

Infrastructure and supply chains in many MEA countries are more established for onshore activities, allowing for easier equipment deployment, faster maintenance, and better local support services. This infrastructure advantage reinforces the preference for onshore developments and completion investments.

Based on Country, Qatar is emerging as the fastest-growing country in the Middle East & Africa Completion Equipment market due to a combination of strategic investments, infrastructure development, and a robust energy sector.

Qatar is significantly increasing its liquefied natural gas (LNG) production capacity, aiming to expand from 77 million tonnes per annum (mtpa) to 142 mtpa by the end of the decade. This expansion is driven by the discovery of substantial new gas reserves in the North Field, positioning Qatar to meet the growing global demand for cleaner energy sources, particularly in Asia.

The development of Ras Laffan Industrial City, Qatar's primary hub for LNG production, underscores the country's commitment to enhancing its energy infrastructure. The city hosts major facilities like the Pearl GTL plant and the Laffan Refinery, facilitating the production and export of LNG and gas-to-liquid products.

Aligned with Qatar National Vision 2030, the country is diversifying its economy by investing in non-oil sectors such as clean energy, logistics, tourism, and artificial intelligence. These initiatives are supported by strategic investments and a focus on innovation, contributing to Qatar's economic resilience and growth.

Qatar's economy is projected to grow by 2.4% in 2024, with a significant contribution from non-oil sectors, which now account for nearly 64% of the GDP. This growth is driven by new infrastructure projects, an expanding manufacturing sector, and a rapidly growing tourism industry.

Major companies operating in the Middle East & Africa Completion Equipment Market are:

• Schlumberger Limited
• Halliburton Company
• Baker Hughes Company
• Weatherford International plc
• National Oilwell Varco, Inc. (NOV)
• TechnipFMC plc
• Aker Solutions ASA
• Siemens AG

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“The Middle East and Africa Completion Equipment market presents significant growth opportunities driven by expanding oil and gas exploration activities, increasing investments in mature field redevelopment, and the adoption of advanced technologies such as smart completions and enhanced oil recovery (EOR) systems. The region's vast untapped hydrocarbon reserves, combined with supportive government policies and rising energy demand, further enhance its potential. Additionally, the localization of manufacturing and service capabilities, along with digital transformation initiatives, is opening new avenues for innovation and cost-effective solutions. These dynamics collectively position MEA as a promising and strategically important market for completion equipment providers,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm. 

“Middle East & Africa Completion Equipment Market, By Type (Smart Wells, Valves, Multistage Fracturing Tools, Liner Hangers, Packers, Sand Control Tools, Others), By Application (Onshore, Offshore), By Country, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of Middle East & Africa Completion Equipment Market and provides statistics & information on Market size, structure and future Market growth. The report intends to provide cutting-edge Market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Middle East & Africa Completion Equipment Market.

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