According to UnivDatos , the rising investment in oil & gas exploration projects, expansion of onshore and offshore drilling activities, Saudi Vision 2030 energy diversification initiatives, increased crude oil production targets by Aramco, growing demand for enhanced oil recovery (EOR), localized chemical manufacturing and industrial clusters, government push for industrial self-sufficiency, booming demand for drilling fluids and corrosion inhibitors drive the Saudi Arabia Oilfield Chemicals market. As per their “Saudi Arabia Oilfield Chemicals Market” report, the market was valued at USD 966.00 Million in 2024, growing at a CAGR of about 5.34% during the forecast period from 2025 - 2033 to reach USD Million by 2033. 

The oilfield chemical market in Saudi Arabia is experiencing rapid growth due to the increase in crude oil production and enhanced support for hydrocarbon recovery, as well as government encouragement provided by the Vision 2030 and IKTVA programs. Such expansion has presented significant opportunities for service providers globally, as well as manufacturers locally. Major market participants are expanding their operations, investing in research and development, and localizing their manufacturing to meet the growing demand. This article identifies the leading businesses that promote advancement and provision in the oil field chemical industry within the Kingdom.

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1.      RECP – Petrochemical (Renewable Energy Petrochemical Factory Ltd Co)

REPC is a professional in oilfield chemicals R&D and manufactures in the oil & gas industry related to drilling fluids, completion fluids, work-over fluids, and fracturing fluids. These oilfield chemicals cover water-base mud, oil-base mud, high-performance water-base mud, high-pressure and high-temperature, filtration control additive, shale stabilizer & shale inhibitor, lubricant, lost circulation control material, flocculant, detergent & bit anti-balling, defoamer, viscosifier, and emulsifier, etc. The chemicals have been sold to distinguished clients such as Saudi Aramco.

The team also has more than 30 years of experience in oilfield mud services and rig services worldwide with different types of wells, including HTHP wells, ultra-deep wells, under-balanced wells, branched wells, high-angle wells, directional wells, horizontal wells, sidetrack wells, etc.

2.      OilField Production Chemical Factory

OilField Production Chemical Factory was incorporated with the objective of catering to high-quality drilling fluid chemicals to the industry. They are Manufacturer, Exporter, and Supplier of various drilling chemicals, including Sulphonated Asphalt, Emulsified Asphalt, in the national and international markets, having vast experience and knowledge in this field. This company has won the trust and confidence of our customers by consistently offering premium-grade products at market-leading prices.

They have made it a practice to check the product on different parameters before delivering it to the customers. Their team of professionals makes sure that each of the products that they offer is of the highest standard and can serve the purpose of the clients efficiently.

3.      Vision Chemicals

Vision Chemicals is a world-class drilling fluids and specialty chemical manufacturer. They are addressing customer challenges during drilling, completions, and production operations by supplying high-tech drilling fluid formulations. Combining the technical expertise, proprietary products, and a high standard of customer care, we deliver safe, high-quality, and cost-effective solutions.

Vision Chemicals is a global company headquartered in Dammam, Saudi Arabia. The company works shoulder to shoulder with operators and technology providers to clearly define drilling fluid scenarios, identify operational gaps, and tailor technologies designed for a full spectrum of applications.

4.      Halliburton Energy Services, Inc.

Halliburton Energy Services, Inc. provides products, services, and integrated solutions for oil and gas exploration, development, and production. The company’s products and services include surface well testing and tubing-conveyed perforating equipment, SPTM tubing retrievable safety valves, and coring services, including drilling fluids, custom-designed bits, and in-house engineering support. It also provides directional drilling, measurement-while-drilling, logging-while-drilling, and electric wireline logging services. In addition, the company offers zonal isolation services in the Gulf of Mexico region. The company was founded in 1919 and is based in Houston, Texas. Halliburton Energy Services, Inc. operates as a subsidiary of Halliburton Company.

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5.      Baker Hughes Company

Baker Hughes Company provides a portfolio of technologies and services to the energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations. This segment also provides drilling services, drill bits, and drilling and completions fluids; completions, intervention, measurements, pressure pumping, and wireline services; artificial lift systems, and oilfield and industrial chemicals; subsea projects and services, flexible pipe systems, and surface pressure control systems; and integrated well services and solutions. It serves oil and natural gas companies; the United States and international independent oil and natural gas companies; national or state-owned oil companies; engineering, procurement, and construction contractors; geothermal companies; and other oilfield service companies. It serves upstream, midstream, downstream, onshore, offshore, and small-to-large scale customers. The company was formerly known as Baker Hughes, a GE company, and changed its name to Baker Hughes Company in October 2019. Baker Hughes Company was incorporated in 2016 and is based in Houston, Texas.