Oman Oil and Gas Upstream Market

Oman Oil and Gas Upstream Market by Location of Deployments (Onshore and Offshore) and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: EP-2620
  • Author: Growth Market Reports
  • Rating: 4.6
  • Total Reviews: 2
  • No. Of Pages: 212
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The Oman oil and gas upstream market size is expected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the efforts to rapid growth of the offshore sector and increasing number of upcoming projects.

Oman Oil and Gas Upstream Market

 Oil and gas play an influential role in the global economy and it is one of the major industries in the energy market. This industry is capital-intensive, highly complex, and requires unique technology. Gas is linked with oil owing to its production process.

The upstream oil & gas is generally exploration and extraction of the oil & gas, which involves activities such as producing & recovering and searching for the crude oil & natural gases. Upstream is about locating the presence of oil & gas. It is the process of drilling the location and managing the operations by utilizing tools to get optimum return on investment with safe and small operational carbon footprint. This is most complex business sector with high risk. The results of every well drilled is unpredictable and it carries an additional risk of arising environmental issues. The extraction activities get affected due to seasonal weather while working on exposed locations.

Market Trends, Drivers, Restraints, and Opportunities

  • Adoption of latest technologies for reduction of project cycle and increasing number of solutions to increase the accuracy are anticipated to drive the market growth.
  • Supportive government policies for the exploration of oil & gas fields is expected to proliferate the growth of the market during the forecast period.
  • The outbreak of the Covid-19 outbreak is expected to hamper market growth due to the global economic downturn along with a lack of financing and high capital investment.
  • High volatility in oil prices can hamper the growth of market.
  • Indeterminate regulatory guidelines can hinder the growth of the market.
  • Continuous exploration activities can create the opportunities for the market during the forecast period.

Scope of the Report

The report on the Oman oil and gas upstream market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Oman Oil and Gas Upstream Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Location of Deployments (Onshore and Offshore)

Country

Oman

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

TotalEnergies SA; Oman Oil Marketing Company SAOG; Eni SpA; BP Plc; and Royal Dutch Shell

Oman Oil and Gas Upstream Market Segment Insights

Onshore segment is expected to grow at a rapid pace

On the basis of location of deployments, the market is bifurcated into onshore and offshore. The onshore segment is expected to constitute a key share of the market during the projected period. The onshore oil & gas sector produces majority of oil & gas. Offshore oil and gas exploration and production activities take ample of time to develop and it is nascent in most part of the world. High capital expenditure in the offshore project makes it difficult for low and middle-income countries to invest in the offshore projects. The Government of Oman is deploying strategic policies to increase the rate of exploration and production activities in the country. This, is turn, is anticipated to proliferate the growth of the onshore segment.

Oman Oil and Gas Upstream Market

Segments

Segments Covered in the Report

The Oman oil and gas upstream segmented on the basis of:

Location of Deployments

  • Onshore
  • Offshore

Country

  • Oman

Key Players

  • TotalEnergies SA
  • Oman Oil Marketing Company SAOG
  • Eni SpA
  • BP Plc
  • Royal Dutch Shell.

Competitive Landscape

The key players competing in the Oman oil and gas upstream market are TotalEnergies SA; Oman Oil Marketing Company SAOG; Eni SpA; BP Plc; and Royal Dutch Shell.

In December 2018, Oman ministry of oil and gas signed two exploration contract with Occidental Oman. Contract worth of USD 58 million for paving around 10 offshore drilling well to be build up in country.

Oman Oil Company Exploration and Production is expected to invest USD 12 million into the concession block. Nine drilling well to be build up in two stages over a six year duration.

In April 2019, Oman ministry of oil and gas and TotalEnergies signed an agreement to award exploration contract to France-based Company for covering Block 12 in Central Oman. The Block 12 program include seismic data drilling and recovering commitments, with the first well due in year 2020.
In July 2019, Oman signed agreement with BP Oman and Eni SpA for concession block 77. The arrangement includes seismic investigations and penetrating of investigation wells.

Oman Oil and Gas Upstream Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil and 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 and 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 and Gas Upstream Market - Supply Chain
  4.5. Global Oil and Gas Upstream Market Forecast
     4.5.1. Oil and Gas Upstream Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Oil and Gas Upstream Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Oil and Gas Upstream Market Absolute $ Opportunity
5. Global Oil and 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 and 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 and Gas Upstream Demand Share Forecast, 2019-2026
6. North America Oil and 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 and 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 and Gas Upstream Demand Share Forecast, 2019-2026
7. Latin America Oil and 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 and 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 and Gas Upstream Demand Share Forecast, 2019-2026
8. Europe Oil and 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 and 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 and Gas Upstream Demand Share Forecast, 2019-2026
9. Asia Pacific Oil and 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 and 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 and Gas Upstream Demand Share Forecast, 2019-2026
10. Middle East & Africa Oil and 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 and 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 and Gas Upstream Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Oil and Gas Upstream Market: Market Share Analysis
  11.2. Oil and Gas Upstream Distributors and Customers
  11.3. Oil and Gas Upstream Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The Oman oil and gas upstream segmented on the basis of:

Location of Deployments

  • Onshore
  • Offshore

Country

  • Oman

Key Players

  • TotalEnergies SA
  • Oman Oil Marketing Company SAOG
  • Eni SpA
  • BP Plc
  • Royal Dutch Shell.

The key players competing in the Oman oil and gas upstream market are TotalEnergies SA; Oman Oil Marketing Company SAOG; Eni SpA; BP Plc; and Royal Dutch Shell.

In December 2018, Oman ministry of oil and gas signed two exploration contract with Occidental Oman. Contract worth of USD 58 million for paving around 10 offshore drilling well to be build up in country.

Oman Oil Company Exploration and Production is expected to invest USD 12 million into the concession block. Nine drilling well to be build up in two stages over a six year duration.

In April 2019, Oman ministry of oil and gas and TotalEnergies signed an agreement to award exploration contract to France-based Company for covering Block 12 in Central Oman. The Block 12 program include seismic data drilling and recovering commitments, with the first well due in year 2020.
In July 2019, Oman signed agreement with BP Oman and Eni SpA for concession block 77. The arrangement includes seismic investigations and penetrating of investigation wells.

Oman Oil and Gas Upstream Market

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