Saudi Arabia Held a Major Share of 37.9% in the Middle Eastern Wireline Services Market in 2014

Date: 2015-08-10

“The Middle Eastern wireline services market constitutes 6.5% of the global wireline services market, and is expected to grow at a CAGR of 4.1% from 2014 to 2019. Geographically, Middle East is further segmented into Abu Dhabi, Oman, Qatar, Iraq, Saudi Arabia, and Kuwait. Saudi Arabia held a major share of 37.9% in the Middle Eastern wireline services market in 2014. Saudi Arabia is followed by Qatar and Abu Dhabi with respective shares of 11.6% and 10.9%.  The Middle Eastern wireline services market holds a high potential for growth in the future due to a number of forces favoring this market. The major factors driving this market include growth in exploration and production activities, increased oil production (include drilling and completion activities, discoveries of new oil & gas field, and increase in energy demand), technological developments and exploration activities for shale gas, and increased expenditure from oil & gas companies accelerating offshore exploration activities. 

In this report, the Middle Eastern wireline services market is segmented on the basis of the types of services, by application and by country. The segmentation by type includes logging, well intervention, and completion services. In 2014, logging contributed 83.3% to the total Middle Eastern wireline services market by service type. 

The report has profiled the leading players of this market along with the recent developments of the companies. New product launches, mergers and acquisitions, business expansions, and other such developments have been the key strategies adopted by the players to expand their wireline services business in the Middle Eastern region. The top players considered in this report are Schlumberger Ltd. (U.S.), Halliburton Co. (U.S.), Baker Hughes Inc. (U.S.), Weatherford International Ltd (Ireland), (U.S.), Superior Energy Services (U.S.), and Expro International Group (U.K.).

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