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Oil and Gas Construction Projects: Middle East and Africa | MarketResearchReports.biz
The objective of this report is to define, describe, and forecast the market on the basis of type, application, medical condition, and region. It provides detailed information regarding the major factors influencing the growth of the market. This report also tracks and analyzes competitive developments of the key players in terms of market developments, product portfolios, and financials.Acute Renal Failure Market: Industry Size, Share, Growth, Forecasts.
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The mature markets of the Gulf Cooperation Council (GCC) countries are showing low investment in oil and gas construction projects due to the known reserves in the region, over supply from the existing production facilities and the effects of the prolonged period of low oil prices since 2014 which has inhibited investment.
The development of new oil and gas facilities in sub-Saharan Africa is expected to be high, with Nigeria leading the region in project investment in seventh place globally, with US$177.7 billion, and Mozambique and Angola investing in oil and gas facilities.
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Summary
Timetrics Construction Intelligence Center (CIC) is currently tracking oil and gas construction projects in the Middle East and Africa with a total value of US$1.1 trillion. Of this, US$397.0 billion is in the execution stage.
Nigeria accounts for the highest value with US$177.7 billion, followed by Iran with projects valuing US$124.9 billion. Iraq and Saudi Arabia follow with oil and gas projects with a value of US$119.3 billion and US$92.3 billion respectively.
The region's highest project investment is in production facilities buildings with a value of US$444.9 billion followed by refinery buildings with a value of US$402.4 billion. The highest value projects are the US$33.0 billion Bonga Field Extension, followed by Iraq with the US$30.0 billion Majnoon Full Field Expansion.
Scope
The report provides analysis based on CIC projects showing total project values for the Middle East and Africa and analysis by stage and funding for the top 10 countries.
The top 50 projects are listed for the region giving country, stage, value and cu mt per day capacity if known.
Values by six types of project categories are given, e.g. refinery buildings and pipelines.
Ranked listings of the top participants for the sector are also provided showing the leading contractors, consulting engineers and project owners.
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Reasons To Buy
Gain insight into main drivers of activity and forecasts for the oil and gas construction sector.
Assess all major projects by value, start date, scope and stage of development for the region and top 10 countries to support business development activities.
Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.
Key Highlights
Projects at the pre-execution stage amount to a substantial US$343.2 billion.
Projects in the planning stage amount to US$229.9 billion, while projects in the pre-planning stage account for US$139.5 billion. Projects at the execution stage have a value of US$397.0 billion.
Nigeria accounts for highest value of oil and gas projects with US$177.7 billion.
Private investment is responsible for funding the highest proportion of projects, with 47%, with joint public and private funding at 29% and 24% of projects financed solely by public funding.
Assuming all projects tracked go ahead as planned, annual spending on the projects would reach US$217.1 billion in 2019.
The top contractor in the region is Saipem SpA based in Italy followed by Tecnicas Reunidas SA based in Spain.
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