Algeria Oil & Gas Upstream Market Size, Growth Report | 2031
Algeria Oil & Gas Upstream Market Size, Growth Report | 2031
Segments - Algeria Oil & Gas Upstream Market by Locations (onshore and offshore) and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :EP-1768
| 4.1 Rating
| 84 Reviews
| 193 Pages
| Format :
Report Description
The Algeria oil & gas upstream market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 2.32% during 2023–2031.The growth of the market is attributed to the increasing demand for solutions to produce high quality and light crude oil with low sulfur content.
Upstream refers to the operations stages in the oil & gas industry that involve exploration and production. Upstream, midstream, and downstream are the three segments of oil & gas industry. Many large oil companies offer upstream , midstream, and downstream solutions, Upstream is the early stage process, which includes drilling activities. This process is from the end-user consumer in the oil & gas supply chain. Upstream is followed by midstream, which includes transportation of crude oil stage and downstream comprises refining and distribution phases.
The upstream segment of the oil & gas industry contains exploration activities, such as creating geological surveys and obtaining land rights and production activities, which include onshore and offshore drilling. Oil & gas exploration encompasses the processes and methods involved in locating potential sites for oil & gas drilling and extraction. Geological surveys are conducted using various methods, such as testing subsoil for onshore exploration and seismic imaging for offshore exploration.
In onshore drilling, the wells are grouped together in a field, ranging from a half acre per well for heavy crude oil to 80 acres per well for natural gas. Offshore drilling uses a single platform consist of fixed or mobile support. In onshore drilling, the group of wells are connected by carbon steel tubes, which consist of oil & gas fields and processing facility where the oil & gas are treated through a chemical and heating process. Onshore production companies can turn on and off rigs more easily than offshore rigs in accordance to the market conditions. Petroleum is the primary product for the production of multitude of chemical products, including pharmaceuticals, fertilizers, solvents, and plastics.
Market Trends, Drivers, Restraints, and Opportunities
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Increasing natural gas production in the oil & gas upstream sector is expected to drive the market growth during the forecast period.
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Rising exploration and production activities in the onshore oil & gas fields is projected to spur the market expansion in the projected timeline.
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Algeria's natural gas exports to Europe are decreased due to cheaper Russian supplies, thereby decreasing the profits for companies in Algeria. This, in turn, can hinder the market growth.
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Increasing environmental concerns is the key concern that can impede the market expansion in the coming years.
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The COVID-19 pandemic had halted the exploration activities and mining activities in the oil & gas industry across the globe. However, the market is anticipated to recover soon owing to declining COVID-19 cases and acceleration in the vaccine drive in the low- and middle-income countries.
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Growing R&D investments and increasing technological advancements in sizeable natural gas field is anticipated to create significant opportunities for the market players during the forecast period.
Scope of the Report
The report on the Algeria oil & gas upstream market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Oil & Gas Upstream Market -Algeria Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Locations (onshore and offshore) |
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Geographic Zone |
Algeria |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Sonatrach SPA, Engie SA, Total S.A., BP PLC, and Petroceltic Ain Tsila Ltd. |
Algeria Oil & Gas Upstream Market Segment Insights
Onshore segment is projected to account for a large market share
On the basis of locations, the market is bifurcated into onshore and offshore. The onshore segment is expected to constitute a key market share during the forecast period owing to due to increasing investment in gas basins. Algeria held about 12.1 billion barrels of proved crude oil reserves in 2018. The country's proved oil reserves are mostly held on onshore due to limited offshore exploration. However, the offshore segment is anticipated to exhibit a robust CAGR during the forecast period. Increasing penetration of latest technology and development of the solutions to reduce the production of oil & gas through offshore activities are anticipated to spur the segment growth.
Segments
Locations
- Onshore
- Offshore
Country
- Alegeria
Key Players
- Sonatrach SPA
- Engie SA
- Total S.A.
- BP PLC
- Petroceltic Ain Tsila Ltd.
Competitive Landscape
Key players competing in the Algeria oil & gas upstream market include Sonatrach SPA, Engie SA, Total S.A., BP PLC, and Petroceltic Ain Tsila Ltd.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil & Gas Upstream Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Oil & Gas Upstream Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Oil & Gas Upstream Market - Supply Chain
4.5. Global Oil & Gas Upstream Market Forecast
4.5.1. Oil & Gas Upstream Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oil & Gas Upstream Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Oil & Gas Upstream Market Absolute $ Opportunity
5. Global Oil & Gas Upstream Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Oil & Gas Upstream Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Oil & Gas Upstream Demand Share Forecast, 2019-2026
6. North America Oil & Gas Upstream Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Oil & Gas Upstream Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Oil & Gas Upstream Demand Share Forecast, 2019-2026
7. Latin America Oil & Gas Upstream Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Oil & Gas Upstream Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Oil & Gas Upstream Demand Share Forecast, 2019-2026
8. Europe Oil & Gas Upstream Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Oil & Gas Upstream Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Oil & Gas Upstream Demand Share Forecast, 2019-2026
9. Asia Pacific Oil & Gas Upstream Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Oil & Gas Upstream Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Oil & Gas Upstream Demand Share Forecast, 2019-2026
10. Middle East & Africa Oil & Gas Upstream Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Oil & Gas Upstream Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Oil & Gas Upstream Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Oil & Gas Upstream Market: Market Share Analysis
11.2. Oil & Gas Upstream Distributors and Customers
11.3. Oil & Gas Upstream Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Sonatrach SPA
11.4.2. Engie SA
11.4.3. Total S.A.
11.4.4. BP PLC
11.4.5. Petroceltic Ain Tsila Ltd.
Methodology
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