Middle East & Africa Digital Oilfield Market By Process (Drilling Optimization, Production Optimization, Reservoir Optimization, & Others), By Solution (Instrumentation & Automation Vs. IT Services), Competition Forecast & Opportunities, 2012 – 2022

Middle East & Africa digital oilfield market was valued at $ 1.47 billion in 2016, and is projected to grow at a CAGR of over 7%, in value terms, during 2017-2022, to reach $ 2.23 billion by 2022. Middle East and Africa is home to many oil & gas producing countries and the economic growth in these countries is dependent on export revenues derived from trade of hydrocarbons. In order to increase share of the Middle East & Africa in global oil & gas trade, national oil companies and global oil major operating in the MEA are shifting focus towards operations optimization and improved work collaboration to cut costs and improve field recovery rates. This is predicted to fuel demand for digital oilfield solutions in the region during the forecast period.

Years considered for this report:

• Historical Years: 2012-2015
• Base Year: 2016
• Estimated Year: 2017
• Forecast Period: 2017–2022

Objective of the Study:

• The primary objective of the study is to understand and gain insights about the Middle East & Africa digital oilfield market and its segmental analysis by process and by solution, country share and forecast its market through 2022.
• To categorize and forecast Middle East & Africa digital oilfield market by process type such as drilling optimization, production optimization, reservoir optimization, & others. 
• To estimate, calculate and forecast market size for Middle East & Africa digital oilfield market by solution: Instrumentation & Automation and IT Services, in terms of value.
• To examine competitive development, such as digital oilfield contracts in the Middle East & Africa digital oilfield market.
• To strategically profile the leading manufacturers, distributors and importers in the market, which cater to the Middle East & Africa digital oilfield market.

Click here to download the brochure

Few of the leading players in the Middle East & Africa digital oilfield market include Schlumberger Limited, Halliburton, Baker Hughes Incorporated, Honeywell International Inc, Sinopec Oilfield Service Corporation, Weatherford International plc, International Business Machines (IBM) Corporation and Accenture PLC.

TechSci Research carried out the Middle East & Africa digital oilfield market study by considering various aspects of the market. In the beginning, a brief study of the Middle East & Africa digital oilfield market was conducted to understand each aspect of the market such as drivers, challenges, market trends and various other major factors affecting the market. Moreover, an in-depth analysis was conducted to understand the Middle East & Africa digital oilfield market scenario and to gauge the competitive scenario. Afterwards, a detailed scrutiny of by process, by solution, and by country markets for Middle East & Africa digital oilfield market was conducted. In order to extract data for Middle East & Africa digital oilfield market, primary research surveys were conducted with key opinion leaders, digital oilfield solutions providers, digital oilfield software & service vendors, distributors, and channel partners to understand historical and present trends.

Considering the assumptions, TechSci research dedicated team of industry experts has comprehensively monitored and analysed various aspects of the Middle East & Africa digital oilfield market. TechSci research team has analysed various segments and speculated a positive future for the Middle East & Africa digital oilfield market and subsequent countries. Moreover, various secondary sources were utilized for preparing this report such as directories, databases such as company annual reports, financial reports, proprietary databases, among others.

Key Target Audience:

• Digital oilfield service providers, IT companies, network & electronic hardware manufacturers, communication service providers, automation solution providers, resellers and channel partners, EPC contractors and sub-contractors
• Customers (national oil companies, oil & gas multinationals)
• Research organizations and consulting companies
• Associations, organizations, forums and alliances related to digital oilfield technologies
• Government bodies such as regulating authorities and policy makers

The study is useful in providing answers to past, current and future adoption of digital oilfield technologies and solutions in the Middle East & Africa digital oilfield market. This study helps in analysing specific country adoption trend of digital oilfield solutions, which are useful for industry stakeholders such as oilfield service providers, IT companies, network & electronic hardware manufacturers, communication service providers, automation solution providers, resellers and channel partners, EPC contractors and sub-contractors, regulatory bodies, and customers (national oil companies, oil & gas multinationals).

Report Scope:

In this report, the Middle East & Africa digital oilfield market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

·         Market, By Process:

• Drilling Optimization
• Production Optimization
• Reservoir Optimization
• Others

·         Market, By Solution:

• Instrumentation & Automation
• IT Services

·         Market, By Country:

• Saudi Arabia
• Iran
• UAE
• Algeria
• Kuwait
• Others

Competitive Landscape

Competition Benchmarking: Benchmarking of leading players on the basis of product portfolio.

Company Profiles: Detailed analysis of the major companies operating in the Middle East & Africa Digital Oilfield market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

·         Detailed list of distributors and dealers across all major countries.

Company Information

·         Detailed analysis and profiling of additional market players (up to five).