MENA Oil and Gas Magnetic Ranging Market Analysis and Forecast, 2019-2028
- Report ID: 56114
- Date: Dec, 2022
- Pages: 110
- Category: Energy & Power
MENA Oil and Gas Magnetic Ranging Market Analysis and Forecast 2019-2028
The MENA Oil and Gas Magnetic Ranging market is expected to witness a significant growth rate of more than 5.8% during the forecast period of 2022-2028. Magnetic ranging refers to the determination of the relative position of one well with respect to other using magnetic measurements. It is used for several oil field applications, including positioning blow-out relief wells, steam-assisted gravity drainage, heavy oil applications, and planned intersection of one well with another.
The quick, and accurate nature of Oil and Gas Magnetic Ranging products makes them more desirable by various companies in the MENA region.
Furthermore, technological advancements in the oil and gas sector are anticipated to fuel the growth of the MENA oil and gas magnetic ranging market. Additionally, the shift towards the production of heavy hydrocarbons will require the use of magnetic ranging products, which is anticipated to increase the market growth in upcoming years. Furthermore, the oil and gas magnetic ranging products provide low-noise and high-precision measurement which will fuel the growth of the MENA oil and gas magnetic ranging market in the forecast period.
The MENA Oil and Gas Magnetic Ranging market has been segmented on the basis of type, deployment, and region. Based on type, the market is divided into Active Magnetic Ranging (AMR) and Passive Magnetic Ranging (PMR). On the basis of deployment, the market is divided into onshore and offshore.
Based on region, the market is segmented into Algeria, Egypt, GCC, Iran, Iraq, and the Rest of the MENA region. On the basis of GCC, the market is segmented into Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and UAE. On the basis of the Rest of the MENA region, the market is segmented into Israel, Morocco, Syria, and Turkey.
Market structure and competitive landscape
The MENA Oil and Gas Magnetic Ranging market is consolidated in nature with various players operating in the market, some of the prominent players that contribute significantly to the MENA Oil and Gas Magnetic Ranging market are Transocean Ltd, Big Guns Energy Services Ltd, Weatherford International Plc, GMW Associates, Vector Magnetics LLC, Scientific Drilling International Inc, Baker Hughes, Bartington Instruments Ltd, Halliburton Company, Schlumberger, and Prime Horizontal Group of Companies among Others.
The players already mentioned use a variety of tactics to increase their market share and establish a competitive advantage over their rivals. Industry participants employ a variety of strategies, including mergers & acquisitions, product launches, partnerships, and collaborations.
The following are some significant advancements in the market for MENA Oil and Gas Magnetic Ranging:
• In August 2022, the Petroleum Directorate of Sierra Leone showed interest in collaboration with GCC and other African Oil and gas producing countries and companies to drive the socio-economic growth of the respective regions.
• In August 2022, Schlumberger, one of the leading magnetic ranging products manufacturer companies announced itself as a gold sponsor in Africa’s premier event for the oil and gas sector, African Energy Week.
MENA Oil and Gas Magnetic Ranging Market Analysis and Forecast 2019-2028
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. MENA Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players’ expenditures, and economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1. Oil and Gas Magnetic Ranging Market Manufacturers
6.3.2. Oil and Gas Magnetic Ranging Market Suppliers
6.3.3. Key End Users
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter’s Five Forces Analysis
7. Government Laws and Industry Regulations
8. MENA Market Dynamics
9. Trading Analysis: EXIM Analysis of Oil and Gas by Key Countries
10. Parent Market Overview: MENA Petroleum and Conventional Energy
11. Segmental Analysis
11.1. MENA Oil and Gas Magnetic Ranging Market by Type
11.1.1. Segment Overview
188.8.131.52. Active Magnetic Ranging (AMR)
184.108.40.206. Passive Magnetic Ranging (PMR)
11.2. MENA Oil and Gas Magnetic Ranging Market by Deployment
11.2.1. Segment Overview
11.3. MENA Oil and Gas Magnetic Ranging Market by Region
11.3.1. Middle East
220.127.116.11.2. Saudi Arabia
18.104.22.168. Rest of Middle East Countries
11.3.2. North Africa
22.214.171.124. Rest of North Africa
12. Regional Analysis
12.1. GCC Oil and Gas Magnetic Ranging Market Analysis and Forecast 2019-2028
12.1.1. Regional Market Overview and Key Takeaways
12.1.2. GCC Oil and Gas Magnetic Ranging Market by Type
12.1.3. GCC Oil and Gas Magnetic Ranging Market by Deployment
12.1.4. GCC Oil and Gas Magnetic Ranging Market by Country
126.96.36.199. Saudi Arabia
12.2. Iran Oil and Gas Magnetic Ranging Market Analysis and Forecast 2019-2028
12.2.1. Regional Market Overview and Key Takeaways
12.2.2. Iran Oil and Gas Magnetic Ranging Market by Type
12.2.3. Iran Oil and Gas Magnetic Ranging Market by Deployment
12.3. Iraq Oil and Gas Magnetic Ranging Market Analysis and Forecast 2019-2028
12.3.1. Regional Market Overview and Key Takeaways
12.3.2. Iraq Oil and Gas Magnetic Ranging Market by Type
12.3.3. Iraq Oil and Gas Magnetic Ranging Market by Deployment
12.4. Rest of MENA Oil and Gas Magnetic Ranging Market Analysis and Forecast 2019-2028
12.4.1. Regional Market Overview and Key Takeaways
12.4.2. Rest of MENA Oil and Gas Magnetic Ranging Market by Type
12.4.3. Rest of MENA Oil and Gas Magnetic Ranging Market by Deployment
12.4.4. Rest of MENA Oil and Gas Magnetic Ranging Market by Country
188.8.131.52. Other MENA Countries
12.5. North Africa Oil and Gas Magnetic Ranging Market Analysis and Forecast 2019-2028
12.5.1. Regional Market Overview and Key Takeaways
12.5.2. North Africa Oil and Gas Magnetic Ranging Market by Type
12.5.3. North Africa Oil and Gas Magnetic Ranging Market by Deployment
12.5.4. North Africa Oil and Gas Magnetic Ranging Market by Country
184.108.40.206. Rest of North Africa
13. Competitive Landscape
13.1. Competition Dashboard
13.1.1. MENA and Regional Market Share Analysis
13.1.2. Market Structure
13.2. Competitive Benchmarking
13.3. Key Strategy Analysis
13.4. Company Profiles
13.4.1. Transocean Ltd.
220.127.116.11. Company Overview
18.104.22.168. Product/Service Offerings
22.214.171.124. Key Financials
126.96.36.199. Recent Developments
13.4.2. Big Guns Energy Services Inc.
188.8.131.52. Company Overview
184.108.40.206. Product/Service Offerings
220.127.116.11. Recent Developments
13.4.3. Weatherford International Plc
18.104.22.168. Company Overview
22.214.171.124. Product/Service Offerings
126.96.36.199. Recent Developments
13.4.4. GMW Associates
188.8.131.52. Company Overview
184.108.40.206. Product/Service Offerings
220.127.116.11. Recent Developments
13.4.5. Vector Magnetics LLC
18.104.22.168. Company Overview
22.214.171.124. Product/Service Offerings
126.96.36.199. Recent Developments
13.4.6. Scientific Drilling International Inc.
188.8.131.52. Company Overview
184.108.40.206. Product/Service Offerings
220.127.116.11. Recent Developments
13.4.7. Baker Hughes
18.104.22.168. Company Overview
22.214.171.124. Product/Service Offerings
126.96.36.199. Recent Developments
13.4.8. Bartington Instruments Ltd.
188.8.131.52. Company Overview
184.108.40.206. Product/Service Offerings
220.127.116.11. Recent Developments
13.4.9. Halliburton Company
18.104.22.168. Company Overview
22.214.171.124. Product/Service Offerings
126.96.36.199. Recent Developments
188.8.131.52. Company Overview
184.108.40.206. Product/Service Offerings
220.127.116.11. Recent Developments
13.4.11. Prime Horizontal Group of Companies
18.104.22.168. Company Overview
22.214.171.124. Product/Service Offerings
126.96.36.199. Recent Developments
List of Figures
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
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It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.