Middle East and North Africa Oil and Gas Upstream Development Trends and Forecast by Countries, Terrain, Facility Type and Companies to 2027

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Middle East and North Africa (MENA) Oil and Gas Market Report Overview

The outlook for oil and gas development in the MENA region looks positive over the forecast period. The region is expected to see growth in both oil and natural gas production with most volumes coming mainly from active and planned fields. The biggest contributors to this addition are expected to be Saudi Arabia, UAE, and Iraq. The crude and condensate production from planned and announced projects in MENA is expected to be around 1,068 mbd in 2027. The production of natural gas will see steady growth as well, with announced and planned projects expecting to add approximately 12.5 bcfd in 2027.

The Middle East and North Africa oil and gas upstream development report provides a comprehensive overview of the region during the outlook period including major project counts by country, facility type, and terrains, as well as the latest project updates and companies involved with oil and gas development.

Key Countries ·        Iran

·        Algeria

·        Egypt

·        Iraq

·        The UAE

·        Israel

Key Terrains ·        Deep Water

·        Onshore

·        Shallow Water

·        Ultra-Deepwater

Key Facility Types ·        Wellhead Platform

·        Subsea System

·        Floating Production Storage and Offloading (FPSO)

·        Floating Liquefied Natural Gas (FLNG)

·        Fixed Platform

·        Floating Storage and Offloading (FSO)

Latest Project Updates ·        Karish North

·        North Beni Suef

·        North Safa

·        Manifa Development

·        Qarn Alam Development

·        Farzad B

·        Katlan

·        Sakarya Phase 2

·        Gilabat-Qumar and Khashim Ahmer-Injana

Leading Companies ·        Saudi Arabian Oil Co

·         National Iranian Oil Co

·         Kuwait Petroleum Corp

·         Abu Dhabi National Oil Co

·         QatarEnergy

·        Sonatrach SpA

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MENA Oil and Gas Major Projects by Countries

Some of the key countries associated with the MENA oil and gas major projects are Iran, Algeria, Egypt, Iraq, the UAE, and Israel. Egypt has the highest count of projects in 2023. Iran is expected to have the highest count of planned and announced projects to start operations in 2027, followed by Algeria.

MENA Oil and Gas Project Analysis by Countries, 2023 (%)

MENA Oil and Gas Project Analysis by Countries, 2023 (%)

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MENA Oil and Gas Major Projects by Terrains

The key terrains associated with MENA oil and gas major projects are deep water, onshore, shallow water, and ultra-deepwater. During 2023-2027, the highest count of projects belongs to the onshore terrain, followed by the shallow water terrain.

MENA Oil and Gas Major Project Analysis by Terrains, 2023-2027 (%)

MENA Oil and Gas Major Project Analysis by Terrains, 2023-2027 (%)

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MENA Oil and Gas Major Projects by Facility Types

The key facility types available among the MENA oil and gas major projects are wellhead platform, subsea system, floating production storage and offloading (FPSO), floating liquefied natural gas (FLNG), fixed platform, and floating storage and offloading (FSO). By 2027, the majority of the projects are expected to be developed with the wellhead platform.

MENA Oil and Gas Major Project Analysis by Facility Types, 2023-2027 (%)

MENA Oil and Gas Major Project Analysis by Facility Types, 2023-2027 (%)

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MENA Oil and Gas Market - Latest Project Updates

Some of the latest projects in the MENA oil and gas market are Karish North, North Beni Suef, North Safa, Manifa Development, Qarn Alam Development, Farzad B, Katlan, Sakarya Phase 2, and Gilabat-Qumar and Khashim Ahmer-Injana.

MENA Oil and Gas Market Analysis by Latest Projects, 2023

MENA Oil and Gas Market Analysis by Latest Projects, 2023

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MENA Oil and Gas Market - Competitive Landscape

Some of the companies involved with oil and gas development are Saudi Arabian Oil Co, National Iranian Oil Co, Kuwait Petroleum Corp, Abu Dhabi National Oil Co, QatarEnergy, and Sonatrach SpA. Saudi Arabian Oil Co leads with the highest crude production entitlement in 2023. It also has the highest natural gas production outlook.

MENA Oil and Gas Market Analysis by Oil and Gas Development Companies, 2023 (%)

MENA Oil and Gas Market Analysis by Oil and Gas Development Companies, 2023 (%)

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Segments Covered in the Report

MENA Oil and Gas Countries Outlook (Value, 2023-2027)

  • Iran
  • Algeria
  • Egypt
  • Iraq
  • The UAE
  • Israel

MENA Oil and Gas Terrains Outlook (Value, 2023-2027)

  • Deep Water
  • Onshore
  • Shallow Water
  • Ultra-Deepwater

MENA Oil and Gas Facility Types Outlook (Value, 2023-2027)

  • Wellhead Platform
  • Subsea System
  • Floating Production Storage and Offloading (FPSO)
  • Floating Liquefied Natural Gas (FLNG)
  • Fixed Platform
  • Floating Storage and Offloading (FSO)

Scope

This report provides:

  • MENA oil and gas production outlook by key countries and key companies for the period 2023-2027
  • MENA new projects capital expenditure outlook by key countries, key companies, field terrain, and facility type for 2023-2027
  • Major projects count by key countries, field terrain, and facility type
  • Details of key upcoming crude and natural gas projects in the region

Reasons to Buy

  • Understand MENA’s oil and gas production outlook during the period 2023-2027
  • Keep abreast of key upcoming production projects in MENA during the outlook period
  • Facilitate decision-making based on strong oil and gas production data
  • Develop business strategies with the help of specific insights on the MENA upstream sector
  • Assess your competitor’s planned oil and gas production projects in the region

Table of Contents

  • 1. Overview
  • 2. Regional Development Trends
  • 2.1 Production Outlook
  • 2.2 Capex Outlook
  • 2.3 Development Outlook
  • 2.4 Major Project Count by Country
  • 2.5 Major Project Count by Terrain
  • 2.6 Major Project Count by Facility Type
  • 2.7 Latest Project Updates
  • 3. Oil Development Focus
  • 3.1 Crude & Condensate Production Outlook by Country
  • 3.2 Crude & Condensate Production Outlook by Company
  • 3.3 Upcoming Oil Projects
  • 4. Gas Development Focus
  • 4.1 Natural Gas Production Outlook by Country
  • 4.2 Natural Gas Production Outlook by Company
  • 4.3 Upcoming Gas Projects
  • 5. Expenditure Outlook
  • 5.1 New Project Expenditure Outlook by Country
  • 5.2 New Project Expenditure Outlook by Company
  • 5.3 New Project Expenditure Outlook by Field Terrain
  • 5.4 New Project Expenditure Outlook by Facility Type
  • 6. Appendix
  • 6.1 Abbreviations
  • 6.2 Methodology
  • 6.2.1 Coverage
  • 6.2.2 Secondary Research

  • 7. About GlobalData
  • 8. Contact Us

Table

Table 1: Production outlook from producing, planned, and announced projects (mboed), 2021–2027* 6

Table 2: Capex outlook from producing, planned, and announced projects ($M), 2021–2027* 7

Table 3: Recoverable reserves (mmboe) from planned and announced projects by key country, field terrain, and project count, 2023-2027 8

Table 4: Major planned and announced project starts by key countries, 2023–2027* 9

Table 5: Planned and announced projects of country by terrain, 2023–2027* 10

Table 6: Major planned and announced projects by facility type, 2023–2027* 11

Table 7: Latest project updates, 2023 12

Table 8: Crude and condensate production outlook by key countries (mbd), 2023-2027 13

Table 9: Crude and condensate production outlook from planned and announced projects by key countries (mbd), 2023-2027 15

Table 10: Crude and condensate production outlook by key companies (mbd), 2023-2027 16

Table 11: Crude and condensate production outlook from planned and announced projects by key companies (mbd), 2023-2027 18

Table 12: Key upcoming oil projects, 2023–2027 19

Table 13: Natural gas production outlook by key countries (bcfd), 2023-2027 21

Table 14: Natural gas production outlook from planned and announced projects by key countries (mmcfd), 2023-2027 23

Table 15: Natural gas production outlook by key companies (bcfd), 2023-2027 24

Table 16: Natural gas production outlook from planned and announced projects by key companies (mmcfd), 2023-2027 26

Table 17: Key upcoming gas projects, 2023–2027 27

Table 18: Capex outlook for major planned and announced projects by key countries ($M), 2023–2027* 31

Table 19: Capex outlook for major planned and announced projects by key companies ($M), 2023–2027* 32

Table 20: Capex outlook for major planned and announced projects by field terrain ($M), 2023–2027* 33

Table 21: Capex outlook for major planned and announced projects by facility type ($M), 2023–2027* 34

Figures

Figure 1: Production outlook from producing, planned, and announced projects (mboed), 2021–2027* 6

Figure 2: Capex outlook from producing, planned, and announced projects ($M), 2021–2027* 7

Figure 3: Recoverable reserves (mmboe) from planned and announced projects by key country, field terrain, and project count, 2023-2027 8

Figure 4: Major planned and announced project starts by key countries, 2023–2027 9

Figure 5: Planned and announced projects of country by terrain, 2023–2027* 10

Figure 6: Planned and announced projects by facility type, 2023–2027* 11

Figure 7: Crude and condensate production outlook by key countries (mbd), 2023-2027 13

Figure 8: Crude and condensate production outlook from planned and announced projects by key countries (mbd), 2023-2027 14

Figure 9: Crude and condensate production outlook from planned and announced projects by key countries (mbd), 2023-2027 14

Figure 10: Crude and condensate production outlook by key companies (mbd), 2023-2027 16

Figure 11: Crude and condensate production from planned and announced projects by key companies (mbd), 2023–2027 17

Figure 12: Crude and condensate production from planned and announced projects by key companies (mbd), 2023–2027 17

Figure 13: Natural gas production outlook by key countries (bcfd), 2023-2027 21

Figure 14: Natural gas production outlook from planned and announced projects by key countries (mmcfd), 2023-2027 22

Figure 15: Natural gas production from planned and announced projects by key countries (mmcfd), 2023–2027 22

Figure 16: Natural gas production outlook by key companies (mmcfd), 2023-2027 24

Figure 17: Natural gas production outlook from planned and announced projects by key companies (bcfd), 2023-2027 25

Figure 18: Natural gas production from planned and announced projects by key companies (mmcfd), 2023–2027 25

Figure 19: Capex outlook for major planned and announced projects by key countries ($M), 2023–2027 31

Figure 20: Capex outlook for major planned and announced projects by key companies ($B), 2023–2027 32

Figure 21: Capex outlook for major planned and announced projects by field terrain ($M), 2023–2027 33

Figure 22: Capex outlook for major planned and announced projects by facility type ($M), 2023–2027 34

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