MENA Oil and Gas Magnetic Ranging Market Analysis and Forecast, 2019-2028

WILMINGTON, Del. - Sept. 21, 2022 - PRLog -- The report titled "Oil and Gas Magnetic Ranging Market", assesses the MENA market based upon type, deployment, and location. The report includes trend analysis and historical market data. This report highlights the market share, production, competitive landscape, and development plans of the target companies that were evaluated in the MENA Oil and Gas Magnetic Range Market Study. It also provides an analysis of the competition.

Market Dynamics and Overview: The market is expected to grow due to increased crude oil production and the existence of oil fields in the region

The MENA Oil and Gas Magnetic Ranging Market is forecast to grow at a 5.8% CAGR during the forecast period 2022-2028. Gravity drainage is required to drain the growing number of mature oil fields, which will result in the market's growth. Market growth is expected to be driven by significant crude oil production and the existence of oil fields throughout the region. The sales growth of magnetic ranging, which allows for greater efficiency in oil extraction, will be fueled by the rising demand for oil.

RationalStat has segmented the MENA Oil and Gas Magnetic Ranging market on the basis of type, deployment, and region.

• By Type

o   Active Magnetic Ranging (AMR)

o   Passive Magnetic Ranging (PMR)

• By Deployment

o   Onshore

o   Offshore

• By Region

o   Middle East

§  GCC

• Bahrain
• Kuwait
• Oman
• Qatar
• Saudi Arabia
• UAE

§  Iran

§  Iraq

§  Rest of MENA countries

o   North Africa

§  Algeria

§  Egypt

§  Rest of North Africa

For more information about this report (link) (https://store.rationalstat.com/store/mena-oil-gas-magneti...)

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