Report Description

Saudi Arabia Oil & Gas Drilling Tools Market By Type (Drill Bits, Drilling Tubulars, Mud Pumps, Reamers & Stabilizers, Drill Swivels, Drill Collars & Others), By Application (Onshore & Offshore), Competition Forecast & Opportunities, 2013-2023

  • Publish Date:November, 2018
  • Format : PDF
  • Pages : 91
  • Industry : Oil and Gas

Saudi Arabia oil & gas drilling tools market is forecast to grow from around $ 136 million in 2017 to $179 million by 2023, backed by growing demand for oil & gas and increasing investments in offshore exploration and production activities. With increasing demand for oil & gas around the globe and maturing existing hydrocarbon resources, the focus is shifting towards unexplored reservoirs in order to keep pace with the growing demand, which in turn, is expected to positively influence the country’s oil & gas drilling tools market during forecast period. Some of the other factors that would fuel the market are growing regulatory pressure and increasing investments in research & development field.

Years Considered for this Report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019-2023

Objective of the Study:

  • The primary objective of the study was to understand and gain insights about Saudi Arabia oil & gas drilling tools market and its segmental analysis by type, by application, by region and by company.
  • To estimate, calculate and forecast Saudi Arabia oil & gas drilling tools market size.
  • To segment and forecast Saudi Arabia oil & gas drilling tools market by type such as drill bits, drilling tubulars, mud pumps, reamers & stabilizers, drill swivels, drill collars, and drill jars & jaring tools.
  • To categorize and forecast Saudi Arabia oil & gas drilling tools market by application such as onshore and offshore.
  • To categorize and forecast Saudi Arabia oil & gas drilling tools market by region - Riyadh, Eastern Province and Rest of Saudi Arabia.
  • To identify major drivers & challenges for Saudi Arabia oil & gas drilling tools market.
  • To identify major trends in Saudi Arabia oil & gas drilling tools market.
  • To profile major companies operating in Saudi Arabia oil & gas drilling tools market.

 


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Some of the major players operating in Saudi Arabia oil & gas drilling tools market are Schlumberger Limited, The Halliburton Company, Baker Hughes, a GE Company, National Oilwell Varco, Weatherford International Plc, Technip FMC PLC, Precision Drilling Corporation, Parker Drilling Company, Gyrodata Incorporated, Dynomax Drilling Tools Inc., etc.   

 

To analyze and forecast Saudi Arabia oil & gas drilling tools market, both top down and bottom up approaches have been used. Multiple employees from several companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source. A brief study of the major players operating in Saudi Arabia oil & gas drilling tools was conducted, which included analysis of information such as ongoing projects, followed by the details of expected year of commissioning and estimated investments along with the expansion plans for various projects across the country.

Moreover, detailed and in-depth scrutiny of information was done to understand each policy or external or internal factor which could increase or decrease the demand for oil & gas drilling tools in Saudi Arabia. To extract data, primary surveys were conducted with key players and stakeholders in the industry. The future plans of major players were studied and projects which have commissioned were identified. Various secondary sources such as white papers and secondary literature on BP Statistics, IEA, World Oil, UN Comtrade, International Monetary Fund, World Bank, company websites and annual reports were also analyzed by TechSci Research.

 

Key Target Audience:

  • Drilling Tool Manufacturers and other stakeholders
  • Exploration & Production companies
  • Government bodies such as regulating authorities and policy makers
  • Trade associations, organizations, forums and alliances related to oil & gas drilling tools
  • Market research and consulting firms

The study is essential in delivering useful information to industry stakeholders such as companies operating in oil & gas drilling tools market. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.

Report Scope:

In this report, Saudi Arabia oil & gas drilling tools market has been segmented into the following categories in addition to the industry trends which have also been detailed below

  • Market, by Type:

o    Drill Bits

o    Drilling Tubulars

o    Mud Pumps

o    Reamers & Stabilizers

o    Drill Collars

o    Drill Jars & Jaring Tools

o    Drill Swivels

  • Market, by Application:

o    Onshore

o    Offshore

  • Market, by Region:

o    Riyadh

o    Eastern Province

o    Rest of Saudi Arabia

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players on the basis of product application.

Company Profiles: Detailed analysis of the major companies operating in Saudi Arabia oil & gas drilling tools market.

Available Customizations:

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

Company Information

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

In case you can’t find what you are looking for then please get in touch with our custom research team at sales@techsciresearch.com

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