Middle East & Africa Oil and Gas Fishing Market Size and Forecast (2021 - 2031)

April 2026 | 170 pages | ID: M8A10D1D0DCFEN
The Insight Partners

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The Middle East and Africa (MEA) Oil and Gas Fishing Market is projected to grow significantly, with an expected market size of approximately US$ 1,062.6 million by 2031, up from US$ 679.5 million in 2024. This growth translates to a compound annual growth rate (CAGR) of 6.6% from 2025 to 2031, indicating a robust expansion in this sector.

Executive Summary and Market Analysis

The MEA region plays a crucial role in the global oil and gas fishing market, primarily due to its extensive reserves and ongoing exploration initiatives. According to a report by the International Energy Agency (IEA) published in May 2022, oil and gas producers in the Middle East and North Africa (MENA) have been integral to the global energy landscape for many years, accounting for approximately 50% of global oil exports and 15% of natural gas exports. The report further emphasizes that oil and gas contribute to around 95% of the total electricity generation in the MENA region. Thermal power plants in the area consume about 200 billion cubic meters of gas—over one-third of the region's total gas production—and approximately 1.75 million barrels of oil daily, underscoring the region's significant fossil fuel output.

The growth of the oil and gas fishing market in MEA is driven by increasing investments and strategic expenditures by both major and mid-sized oil and gas companies. These investments are aimed at ensuring a reliable supply of fossil fuels. The Arab Petroleum Investments Corporation (APICORP) reported in its MENA Energy Investment Outlook for 2021-2025 that the region has invested around US$ 130 billion in the oil and gas sector, with approximately US$ 70 billion allocated specifically for unconventional gas development. This surge in investment and activity within the oil and gas sector is expected to elevate the demand for fishing services, which are critical for equipment retrieval, well intervention, and maintaining operational efficiency in complex extraction environments.

Strategic Insights

Market Segmentation Analysis

The MEA Oil and Gas Fishing Market can be segmented by product and application. In terms of product segmentation, the market includes Casing Cutters, Milling Tools, Overhead and Spears, Fishing Jars, and Others. The Overhead and Spears segment was the market leader in 2024. When segmented by application, the market is divided into Onshore and Offshore categories, with the Onshore segment also dominating in 2024.

Market Outlook

A significant trend emerging in the oil and gas fishing market is the increasing adoption of automation. Companies are leveraging automated systems to enhance efficiency and mitigate risks in fishing operations, particularly in challenging environments such as deepwater or high-pressure wells. Automation streamlines processes, reduces human error, and lowers operational costs.

For instance, SLB (formerly Schlumberger) has pioneered the industry's first digital platform for well intervention, which integrates edge computing, digitalization, automation, and Neuro™ autonomous technologies. This innovative system enhances the execution of wireline, slickline, and coiled tubing operations, transforming traditional well intervention into a more precise, efficient, and safer process.

Similarly, Halliburton is at the forefront of this trend, providing specialized downhole tools designed to address a wide array of intervention challenges throughout the well lifecycle. Their offerings include real-time well diagnostics, targeted stimulation treatments, and optimized service applications, all aimed at minimizing downtime and maximizing performance, particularly during critical thru-tubing operations.

The ongoing advancements in automation and digital intervention are expected to gain momentum in the coming years. As more oil and gas companies embrace smart technologies, the fishing market will benefit from faster, safer, and more cost-effective solutions, which will be pivotal in shaping the future of fishing operations and driving long-term market growth.

Country Insights

Geographically, the MEA Oil and Gas Fishing Market is segmented into South Africa, Saudi Arabia, the United Arab Emirates, and the Rest of the Middle East and Africa. In 2024, Saudi Arabia held the largest market share.

Saudi Arabia's extensive hydrocarbon reserves, estimated at 250 billion barrels of oil equivalent by the end of 2024, along with its dominant position in global petroleum exports, significantly bolster the oil and gas fishing market. Saudi Aramco, the state-owned oil company, oversees extensive upstream operations aimed at enhancing production and optimizing long-term value, which in turn drives the demand for fishing services. These services are vital for maintaining well integrity, retrieving lost tools, and ensuring efficient drilling in complex reservoirs. As Aramco continues to explore and develop mature and deep reservoirs, the complexity of operations increases, necessitating advanced fishing technologies. Sustained investments across upstream, midstream, and downstream sectors ensure a continuous demand for intervention services, further propelling the fishing market.

Company Profiles

Key players in the MEA Oil and Gas Fishing Market include NOV Inc, SLB, Baker Hughes Co, SGS SA, Halliburton Co, MB Petroleum Services LLC, Weatherford International Plc, Superior Energy Services Inc, Archer Ltd, and Yulin Machinery Corporation. These companies are actively pursuing various strategies such as expansion, product innovation, and mergers and acquisitions to enhance their offerings and increase market share.
1. INTRODUCTION

1.1 Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Secondary Research
3.2 Primary Research
  3.2.1 Hypothesis formulation:
  3.2.2 Macroeconomic factor analysis:
  3.2.3 Developing base number:
  3.2.4 Data Triangulation:
  3.2.5 Country-level data:

4. OIL AND GAS FISHING MARKET LANDSCAPE

4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
  4.3.1 Raw Material Suppliers
  4.3.2 Manufacturers
  4.3.3 Distributors or Suppliers
  4.3.4 End-Use Industry
4.4 List of Vendors in the Value Chain
4.5 Import Export Analysis, 2023 (Trade Value: US$ Thousand), (Quantity Unit: Tonne
  4.5.1 Import Export Analysis, 2023 - Boring or Sinking Machinery (843041), (Trade Value: US$ Thousand), (Quantity Unit: Item)
  4.5.2 Import Export Analysis, 2023 - Parts of Boring or Sinking Machinery (843143), (Trade Value: US$ Thousand), (Quantity Unit: Tonne)
  4.5.3 Import Export Analysis, 2023 - Casings (730520), (Trade Value: US$ Thousand), (Quantity Unit: Tonne)
  4.5.4 Import Export Analysis, 2023 - Casings, Tubing & Drill Pipe (730420), (Trade Value: US$ Thousand), (Quantity Unit: Tonne)
  4.5.5 Import Export Analysis, 2023 - Tubes, Pipe & Hollow Profiles, Iron or Nas, Welded (730630), (Trade Value: US$ Thousand), (Quantity Unit: Tonne)
  4.5.6 Import Export Analysis, 2023 - Tubes, Pipe & Hollow Profiles, Iron or Steel (730690), (Trade Value: US$ Thousand), (Quantity Unit: Tonne)
  4.5.7 Import Export Analysis, 2023 - Tubes, Pipe & Hollow Profiles, Welded, (730660), (Trade Value: US$ Thousand), (Quantity Unit: Tonne)
4.6 ESG Outlook

5. MIDDLE EAST & AFRICA OIL AND GAS FISHING MARKET - KEY MARKET DYNAMICS

5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Future Trends
5.5 Impact of Drivers and Restraints:

6. OIL AND GAS FISHING MARKET - MIDDLE EAST & AFRICA MARKET ANALYSIS

6.1 Middle East & Africa Oil and Gas Fishing Market Revenue (US$ Million), 2024 - 2031
6.2 Middle East & Africa Oil and Gas Fishing Market Forecast and Analysis

7. MIDDLE EAST & AFRICA OIL AND GAS FISHING MARKET REVENUE ANALYSIS - BY PRODUCT

7.1 Casing Cutters
  7.1.1 Overview
  7.1.2 Casing Cutters: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
7.2 Milling Tools
  7.2.1 Overview
  7.2.2 Milling Tools: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
7.3 Overhead and Spears
  7.3.1 Overview
  7.3.2 Overhead and Spears: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
7.4 Fishing Jars
  7.4.1 Overview
  7.4.2 Fishing Jars: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
7.5 Others
  7.5.1 Overview
  7.5.2 Others: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)

8. MIDDLE EAST & AFRICA OIL AND GAS FISHING MARKET REVENUE ANALYSIS - BY APPLICATION

8.1 Onshore
  8.1.1 Overview
  8.1.2 Onshore: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
8.2 Offshore
  8.2.1 Overview
  8.2.2 Offshore: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)

9. MIDDLE EAST & AFRICA OIL AND GAS FISHING MARKET - COUNTRY ANALYSIS

9.1 Middle East & Africa
  9.1.1 Middle East & Africa Oil and Gas Fishing Market Revenue and Forecast and Analysis - by Country
    9.1.1.1 Middle East & Africa Oil and Gas Fishing Market Revenue and Forecast and Analysis - by Country
    9.1.2.2 South Africa: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
      9.1.2.2.1 South Africa: Middle East & Africa Oil and Gas Fishing Market Share - by Product
      9.1.2.2.2 South Africa: Middle East & Africa Oil and Gas Fishing Market Share - by Application
    9.2.3.3 Saudi Arabia: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
      9.2.3.3.1 Saudi Arabia: Middle East & Africa Oil and Gas Fishing Market Share - by Product
      9.2.3.3.2 Saudi Arabia: Middle East & Africa Oil and Gas Fishing Market Share - by Application
    9.3.4.4 United Arab Emirates: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
      9.3.4.4.1 United Arab Emirates: Middle East & Africa Oil and Gas Fishing Market Share - by Product
      9.3.4.4.2 United Arab Emirates: Middle East & Africa Oil and Gas Fishing Market Share - by Application
    9.4.5.5 Rest of Middle East & Africa: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
      9.4.5.5.1 Rest of Middle East & Africa: Middle East & Africa Oil and Gas Fishing Market Share - by Product
      9.4.5.5.2 Rest of Middle East & Africa: Middle East & Africa Oil and Gas Fishing Market Share - by Application

10 COMPETITIVE LANDSCAPE

10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration

11 INDUSTRY LANDSCAPE

11.1 Overview
11.2 New Product Development
11.3 Merger and Acquisition
11.4 Other Strategic Developments

12 COMPANY PROFILES

12.1 NOV Inc
  12.1.1 Key Facts
  12.1.2 Business Description
  12.1.3 Products and Services
  12.1.4 Financial Overview
  12.1.5 SWOT Analysis
  12.1.6 Key Developments
12.2 SLB
  12.2.1 Key Facts
  12.2.2 Business Description
  12.2.3 Products and Services
  12.2.4 Financial Overview
  12.2.5 SWOT Analysis
  12.2.6 Key Developments
12.3 Baker Hughes Co
  12.3.1 Key Facts
  12.3.2 Business Description
  12.3.3 Products and Services
  12.3.4 Financial Overview
  12.3.5 SWOT Analysis
  12.3.6 Key Developments
12.4 SGS SA
  12.4.1 Key Facts
  12.4.2 Business Description
  12.4.3 Products and Services
  12.4.4 Financial Overview
  12.4.5 SWOT Analysis
  12.4.6 Key Developments
12.5 Halliburton Co
  12.5.1 Key Facts
  12.5.2 Business Description
  12.5.3 Products and Services
  12.5.4 Financial Overview
  12.5.5 SWOT Analysis
  12.5.6 Key Developments
12.6 MB Petroleum Services LLC
  12.6.1 Key Facts
  12.6.2 Business Description
  12.6.3 Products and Services
  12.6.4 Financial Overview
  12.6.5 SWOT Analysis
  12.6.6 Key Developments
12.7 Weatherford International Plc
  12.7.1 Key Facts
  12.7.2 Business Description
  12.7.3 Products and Services
  12.7.4 Financial Overview
  12.7.5 SWOT Analysis
  12.7.6 Key Developments
12.8 Superior Energy Services Inc
  12.8.1 Key Facts
  12.8.2 Business Description
  12.8.3 Products and Services
  12.8.4 Financial Overview
  12.8.5 SWOT Analysis
  12.8.6 Key Developments
12.9 Archer Ltd
  12.9.1 Key Facts
  12.9.2 Business Description
  12.9.3 Products and Services
  12.9.4 Financial Overview
  12.9.5 SWOT Analysis
  12.9.6 Key Developments
12.10 Yulin Machinery Corporation
  12.10.1 Key Facts
  12.10.2 Business Description
  12.10.3 Products and Services
  12.10.4 Financial Overview
  12.10.5 SWOT Analysis
  12.10.6 Key Developments

13. APPENDIX

13.1 About The Insight Partners
LIST OF TABLES


Table 1. Middle East & Africa Oil and Gas Fishing Market Segmentation
Table 2. List of Vendors
Table 3. Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Table 4. Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Product
Table 5. Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Application
Table 6. Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Country
Table 7. South Africa: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Product
Table 8. South Africa: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Application
Table 9. Saudi Arabia: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Product
Table 10. Saudi Arabia: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Application
Table 11. United Arab Emirates: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Product
Table 12. United Arab Emirates: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Application
Table 13. Rest of Middle East & Africa: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Product
Table 14. Rest of Middle East & Africa: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Application
Table 15. Heat Map Analysis by Key Players
LIST OF FIGURES


Figure 1. Middle East & Africa Oil and Gas Fishing Market Segmentation - Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Oil and Gas Fishing Market
Figure 4. Middle East & Africa Oil and Gas Fishing Market - Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Middle East & Africa Oil and Gas Fishing Market Revenue (US$ Million), 2024 - 2031
Figure 7. Middle East & Africa Oil and Gas Fishing Market Share (%) - by Product, 2024 and 2031
Figure 8. Casing Cutters: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 9. Milling Tools: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 10. Overhead and Spears: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 11. Fishing Jars: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 12. Others: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 13. Middle East & Africa Oil and Gas Fishing Market Share (%) - by Application, 2024 and 2031
Figure 14. Onshore: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 15. Offshore: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 16. Middle East & Africa Oil and Gas Fishing Market Breakdown by Key Countries, 2024 and 2031 (%)
Figure 17. South Africa: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 18. Saudi Arabia: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 19. United Arab Emirates: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 20. Rest of Middle East & Africa: Middle East & Africa Oil and Gas Fishing Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 21. Company Positioning & Concentration


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