Latest News- Oil Country Tubular Goods (OCTG) Market in Indonesia: Seamless is expected to lead the Product segment during 2025-2029

The Oil Country Tubular Goods (OCTG) Market in Indonesia is being driven by Increase in rig count

The Oil Country Tubular Goods (OCTG) Market in Indonesia is expected to grow at a CAGR of 7.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 178 million. The burgeoning oil and gas exploration and production (E&P) sector in Indonesia, driven by unconventional sources and offshore locations, necessitates oil country tubular goods (OCTG) with superior specifications and performance. The complexities of numerous wells, deepwater drilling, and horizontal drilling techniques necessitate non-standard diameter tubes and optimized premium connections. In response, vendors are providing advanced, cost-effective OCTG solutions addressing long laterals, heightened torque requirements, and high load limits. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Seamless
  • Welded
• Application
  • Onshore
  • Offshore
• Grade Type
  • Premium grade
  • API grade
• Material Type
  • Carbon Steel
  • Alloy Steel
  • Stainless Steel
• End-User
  • Oil
  • Gas
• Geography
  • Indonesia

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in rig count
• Increasing focus on unconventional oil and gas E and P activities
• Declining prices of raw materials

However, the market also witnesses some limitations, which are as follows:

• Environmental concerns related to drilling
• Fluctuations in crude oil prices
• Renewal of coal market in Indonesia

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Market Scope in Oil Country Tubular Goods (OCTG) Market in Indonesia Research Report

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Research Analysis Overview

The Oil Country Tubular Goods (OCTG) Market in Indonesia focuses on providing threaded connections with optimal integrity, ensuring tubular strength through calculations, and implementing corrosion monitoring systems for material fatigue resistance. Yield and tensile strength testing, along with burst and collapse pressure testing, are crucial for assessing pipe failure and designing wellheads and casing. Compliance with API standards, coating application methods, and internal/external corrosion protection are essential for long-term performance. Quality control processes, tubular handling safety, and hydrostatic testing ensure dimensional tolerances and surface finish requirements. Drilling and production optimization, enhanced recovery techniques, and casing design software are key factors in the market's growth.

Market Research Overview

The Oil Country Tubular Goods (OCTG) market in Indonesia is a significant segment of the global oil and gas equipment and services industry, focusing on the manufacturing and supply of tubular goods, including casing and tubing, for upstream oil and gas operations. This sector encompasses various processes, such as OCTG metallurgy and manufacturing, casing string design, and premium threaded connections, which are essential for high-pressure well completions. The global oil and gas equipment and services market, comprising the combined revenue of equipment, supplies, and services providers, is projected to expand moderately, fueled by increasing energy demand and the power industry's robust growth. This trend will lead to an uptick in drilling equipment sales, thereby driving the global market's expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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