Saudi Arabia Coiled Tubing Services Market revenue size is projected to grow at a CAGR of 4.5% during 2025-2031

Well Intervention by Service Type represented the largest share of revenue in Saudi Arabia Coiled Tubing Services Market -6Wresearch

In 2024, well intervention represented the largest share of revenue in Saudi Arabia coiled tubing services market. The region's extensive wells necessitate continuous maintenance and production optimization, making coiled tubing well intervention crucial for operations such as well cleanouts, stimulation, acidizing, scale and sand removal, and nitrogen lifting.

According to 6Wresearch, Saudi Arabia Coiled Tubing Services Market revenue size is projected to grow at a CAGR of 4.5% during 2025-2031. In recent years, the coiled tubing services market in Saudi Arabia experienced growth, driven by an uptick in exploration and production (E&P) activities, particularly in mature onshore fields, alongside expanding offshore operations. A key example is Saudi Aramco’s significant EPC investments, including its work on the Jafurah unconventional gas field, which highlights the critical role of coiled tubing in stimulation, cleanout, cementing, and other rig-less operations.

Furthermore, Saudi Aramco's capital expenditure on upstream projects reached more in 2023 and is expected to rise faster in 2024. This growth is further bolstered by the rising demand for natural gas to support industrial diversification under Vision 2030, and the increasing adoption of advanced well servicing technologies.

In the forthcoming years, the coiled tubing services industry in Saudi Arabia is poised for further expansion, driven by large-scale upstream developments and the country’s natural gas–led diversification strategy. Saudi Aramco's plans to boost offshore production capacity at the Marjan field and Berri field by 2025 underscore the scale of forthcoming drilling and completion activities.

Additionally, the Phase Three expansion of the Master Gas System, aimed at meeting growing domestic energy demand and increasing sales gas production by 2030, further emphasizes the essential role of coiled tubing services in efficient well maintenance, stimulation, and enhanced recovery.

According to Suryakant, Senior Research Analyst, 6Wresearch, onshore operations captured the largest revenue share in Saudi Arabia's coiled tubing services market, reflecting the country's ongoing emphasis on optimizing production from its vast network of mature and easily accessible oilfields. Moreover, onshore drilling and intervention projects are significantly larger in scale compared to offshore, both in terms of the number of active wells and the cost efficiency of land-based operations.

Saudi Arabia Coiled Tubing Services Market (2025-2031) report provides an in-depth analysis with 11 figures and 4 tables, covered in 62 pages. The report thoroughly covers market by service type and application. Saudi Arabia Coiled Tubing Services Market outlook report provides an unbiased and detailed analysis of the on-going Saudi Arabia Coiled Tubing Services Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.