Rising investments in drilling technologies are driving market growth in the forecast period.
According to TechSci Research’s report, “Saudi Arabia Directional Drilling Market – By Region, Competition, Forecast & Opportunities, 2028,” the Saudi Arabia Directional Drilling Market will continue to expand due to increasing utility installations, investments in shale gas extraction projects, and rising spending on telecom infrastructure improvements for high-speed connectivity. By 2025, approximately 11,100 directional drilling runs are expected in KSA, with 20,700 runs projected throughout the GCC.
Directional drilling, also known as directional boring, involves drilling in a non-vertical direction to access subsurface oil or petrol resources. It improves oil and gas extraction efficiency while reducing environmental impact.
The Saudi Arabia Directional Drilling Market is segmented by type, component, service, technology, location, and region. Types include conventional and rotary steerable systems, while components comprise drilling tool rental, rig rental, OCTG rental, consumables, and others. Services include drilling, logging-while-drilling, and measurement-while-drilling & survey. Technologies cover wellbore positioning, side tracking, well planning, and others. Locations are categorized as onshore and offshore, while regions include northern & central, western, eastern, and southern regions.
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In the forecast period, the offshore segment is expected to see the highest growth, accounting for over 55% of the market share and with a significant CAGR. This growth is driven by increased exploration and production activities due to vast untapped oil and gas resources. Lower breakeven prices for unapproved projects reduce offshore oil production costs. Onshore projects are more economical than offshore drilling due to lower infrastructure requirements. Market dynamics are influenced by crude oil price volatility. Horizontal and extended reach wells are preferred for offshore reserves development, reducing platform needs. Rising investments and upcoming exploration activities in the offshore sector will drive demand for directional drilling services.
In terms of type, the market is divided into conventional and rotary steerable systems, with the latter dominating. Rotary Steerable System (RSS) offers better performance and cost-effectiveness compared to conventional systems. Various equipment like whipstocks, bent subs, and directional bottom hole assemblies are used for drilling directional wells. RSS provides smoother boreholes and reduced tortuosity, leading to quicker casing installation and improved logging data quality, offering both technical and financial benefits, as seen in the Mavvar field.
Major companies operating in the Saudi Arabia Directional Drilling Market are:
- Schlumberger Saudi Arabia Limited Company
- Weatherford Energy Services Saudi Arabia Co. Ltd
- Halliburton Company
- Baker Hughes Saudi Arabia Co
- Nabors Industries Ltd
- National Oilwell Varco Inc
- Valaris PLC
- Noble Corporation PLC
- Saipem SpA
- Arabian Drilling Company
In today’s fast-paced technological landscape, investing in innovative research and development can drive market growth and benefit both consumers and industry players. New entrants can focus on R&D to meet supplier needs and enhance brand value.
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“The Saudi Arabia oil drilling sector will see significant growth in the next five years, driven by the global surge in private and commercial vehicle usage. Additionally, domestic technological advancements contributing to global progress will fuel market expansion. Government regulatory bodies and schemes are in place to manage legal requirements for offshore and onshore drilling processes, production, and oil distribution, further supporting market growth,” noted Karan Chechi, Research Director at TechSci Research.
“The report ‘Saudi Arabia Directional Drilling Market Segmented By Type, Component, Service, Technology, Location, Region, Competition Forecast and Opportunities, 2018-2028’ evaluates the future growth potential, providing insights on size, structure, and future trends. It aims to offer cutting-edge market intelligence for informed investment decisions, identifying emerging trends, drivers, challenges, and opportunities in the Saudi Arabia Directional Drilling Market.”
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