Saudi Arabia Oilfield Equipment Rental Market

Saudi Arabia Oilfield Equipment Rental Market Size, Demand, Key Players Analysis & Forecast 2022-2027

According to MarkNtel Advisors study the Saudi Arabia Oilfield Equipment Rental market is projected to grow at a CAGR of around 8% during the forecast period, i.e., 2022-27.

“In case you missed it, we are currently revising our reports. Click on the below to get the most latest research data with forecast for years 2024 to 2030, including market size, industry trends, and competitive analysis. It wouldn't take long for the team to deliver the most recent version of the report.”    

Access Free Sample Report - https://www.marknteladvisors.com/query/request-sample/saudi-arabia-oilfield-equipment-rental-market.html

Key Findings of the Study: Saudi Arabia Oilfield Equipment Rental market

Key Driver: New Discoveries & Expansion of Oilfields in Saudi Arabia

Saudi Arabia Oilfield Equipment Rental market countersigned the prolific growth in the historical years, owing to the oil mines expansion activities in the region. As Saudi Arabia is blessed with a large number of oil reserves, both onshore & offshore, the country has been one of the largest oil exporters in the world, which continues to increase the demand for equipment rental services such as jack-ups & drillships.

Furthermore, the expansion of existing oil field reserves also decently contributed to the growth of the Saudi Arabia Oilfield Equipment Rental market. Additionally, Saudi Arabia has been fortunate enough to have several existing oilfields & technological advancements, which have led to the discovery of untapped reserves of oil & gas. In turn, this has positively affected the oilfield equipment rental market in the country.

• In 2020, the Ministry of Energy, Saudi Arabia, announced the discovery of four new oil & gas fields. The oil producer Aramco has discovered the oil reserve with the capacity of 3,850 barrels per day in the Al-Ajramiyah well, and other oilfields discovered in the Al-Reesh oil field, and at Al-Sahaba well.

For more detailed information about the Saudi Arabia Oilfield Equipment Rental market report, click here – https://www.marknteladvisors.com/research-library/saudi-arabia-oilfield-equipment-rental-market.html

Scope of the Report and Saudi Arabia Oilfield Equipment Rental Market Segmentation:

By Type

• Drilling Equipment

  • Drill Pipe

  • Drill Collars

  • Others (Reamer, etc.)

• Pressure & Flow Control Equipment

• Fishing Equipment

• Others (Casing Clean-out, etc.)

By Location

• Onshore

• Offshore

Among the two, Onshore grabbed a considerable share in the Saudi Arabia Oilfield Equipment Rental market over the last few years due to the presence of a large number of onshore oil reserves in Saudi Arabia.

Note: If you require specific information not covered in the current report, we can provide it through customized option

Why choose Us?

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

For Media Inquiries, Please Contact:

Call: +1 628 895 8081 | +91 120 4278433

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India