Middle East and Africa Offshore Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Market is Segmented by Type (Wind, Oil & Gas) and Geography (Saudi Arabia, United Arab Emirates, South Africa, Nigeria, and Others). The report offers market size and demand forecast in USD million for all the above segments.

Middle East and Africa Offshore Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

MEA Offshore Energy Market Size

Middle East and Africa Offshore Energy Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 4.00 %

Major Players

Middle East and Africa Offshore Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Middle East and Africa Offshore Energy Market with other markets in Energy & Power Industry

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MEA Offshore Energy Market Analysis

The Middle East and Africa Offshore Energy Market is expected to register a CAGR of greater than 4% during the forecast period.

The COVID-19 pandemic severely affected the Middle East and Africa offshore energy market as the demand for power decreased from end-users due to persistent lockdowns.

  • The offshore oil and gas market is expected to grow rapidly in the region as the economies of many countries are dependent on exporting hydrocarbons. The increased price of natural gas may also drive the market.
  • However, the higher initial investment required in the offshore establishment is expected to restrain the growth of the offshore energy market.
  • Renewable energy is in its nascent stages of development in the region, where the development of offshore wind energy would provide a significant opportunity beyond the forecast period.
  • Saudi Arabia is one of the largest geographical segments, which is expected to dominate the market.

MEA Offshore Energy Industry Overview

The offshore energy market in the Middle East and Africa is partially fragmented. Some of the key players in the market (not in any particular order) include Abu Dhabi National Oil Company, Saudi Aramco, Chevron Corporation, Nigerian National Petroleum Company Limited, and General Electric.

MEA Offshore Energy Market Leaders

  1. Abu Dhabi National Oil Company

  2. Saudi Aramco

  3. Chevron Corporation,

  4. Nigerian National Petroleum Company Limited

  5. General Electric

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration.jpg
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MEA Offshore Energy Market News

  • 2022: Nigerian National Petroleum Company was seen trying to bring in new investments into the oil and gas sector by tapping into Nigeria's deepwater hydrocarbon potential for six offshore license projects.
  • 2021: the Upper Zakum Offshore field was under expansion to produce 1 million barrels per day by 2024. The capacity expansion is done by drilling additional wells using extended-reach drilling and maximum reservoir contact well technologies.

MEA Offshore Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD million, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Market Drivers
    • 4.5.2 Market Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Wind
    • 5.1.2 Oil and Gas
  • 5.2 By Geography
    • 5.2.1 Saudi Arabia
    • 5.2.2 United Arab Emirates
    • 5.2.3 South Africa
    • 5.2.4 Nigeria
    • 5.2.5 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
  • 6.2 Strategies Adopted by Key Players
  • 6.3 Company Profiles
    • 6.3.1 Abu Dhabi National Oil Company
    • 6.3.2 Saudi Aramco
    • 6.3.3 Chevron Corporation
    • 6.3.4 Nigerian National Petroleum Company Limited,
    • 6.3.5 General Electric
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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MEA Offshore Energy Industry Segmentation

Offshore energy includes the production of electricity or the recovery of hydrocarbons in bodies of water.

The market is segmented based on type and geography. By type, the market is segmented into wind, oil, and gas. The market sizing and forecast for each segment are calculated in USD billion.

By Type Wind
Oil and Gas
By Geography Saudi Arabia
United Arab Emirates
South Africa
Nigeria
Rest of Middle East and Africa
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MEA Offshore Energy Market Research FAQs

What is the current Middle East and Africa Offshore Energy Market size?

The Middle East and Africa Offshore Energy Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)

Who are the key players in Middle East and Africa Offshore Energy Market?

Abu Dhabi National Oil Company, Saudi Aramco, Chevron Corporation,, Nigerian National Petroleum Company Limited and General Electric are the major companies operating in the Middle East and Africa Offshore Energy Market.

What years does this Middle East and Africa Offshore Energy Market cover?

The report covers the Middle East and Africa Offshore Energy Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Middle East and Africa Offshore Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Middle East and Africa Offshore Energy Industry Report

Statistics for the 2025 Middle East and Africa Offshore Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle East and Africa Offshore Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.