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How to Start a Well Drilling Equipment Trading Business with Meydan Free Zone
Well drilling equipment covers a broad spectrum beyond oil and gas — encompassing water well drilling equipment, geothermal drilling systems, ground investigation drilling tools, and the wide range of horizontal directional drilling equipment used in utility installation projects. In the UAE, demand comes from multiple angles: ADNOC's sustained upstream drilling programme, the country's significant water well infrastructure across agricultural and desert areas, geotechnical investigation for construction projects, and the utility sector's reliance on directional drilling for cable and pipeline installation.
The global oilfield equipment market was valued at USD 132.24 billion in 2024 and is growing at a CAGR of 2.9%.[1] ADNOC's target of 5 million barrels per day by 2027 ensures a sustained upstream drilling requirement that keeps demand for drilling equipment robust.
4773.a7 - Well Drilling Equipment Trading
Activity 4773.a7 covers the trading of well drilling equipment. This encompasses rotary and percussion drilling rigs, drill bits, drill pipes and collars, downhole motors, mud rotary and air rotary drilling equipment, water well pumps, casing systems, horizontal directional drilling machines, and all associated equipment for oil and gas, water well, geotechnical, and utility drilling applications.
Activity 4773.a7 covers well drilling equipment broadly. Oil drilling rigs specifically are covered under activity 4773.76.
Oilfield equipment and spare parts fall under 4773.64.
In short: if you are trading well drilling equipment for oil, water, geotechnical, and utility drilling applications, you are in. Oil drilling rigs specifically have their own activity code (4773.76).
Who is this for?
| Audience Segment | Profile |
|---|---|
| OIL & GAS DRILLING | Oil & Gas Well Drilling Equipment Traders Traders supplying rotary drilling tools, drill bits, downhole drilling equipment, and well drilling accessories to drilling contractors, oilfield service companies, and ADNOC-affiliated operators. |
| WATER & CIVIL DRILLING | Water Well & Civil Drilling Equipment Distributors Distributors supplying water well drilling rigs, geotechnical drilling equipment, horizontal directional drilling machines, and utility drilling tools to civil contractors, water authorities, and infrastructure developers. |
Activity Details
| Category | Scope |
|---|---|
| Rotary & percussion drilling rigsLand-based rotary drilling rigs, truck-mounted drilling units, and portable percussion drilling equipment for water well and geotechnical applications. | Horizontal directional drilling (HDD) equipment HDD machines, HDD rigs, drill pipes, and associated tooling for trenchless utility installation in urban and suburban environments. |
| Drill bits & cutting toolsPDC, roller cone, and tri-cone drill bits, core barrels, and specialist cutting tools for oil and gas and water well drilling operations. | Well casing & completion equipment Steel casing pipes, screen assemblies, gravel pack systems, and well completion tools for water and oil well construction and completion. |
| Downhole drilling tools | Downhole motors, stabilisers, MWD tools, fishing tools, and downhole accessories for directional and vertical well drilling. |
Third-Party Approval
This activity does not require third-party approval to obtain a business license from Meydan Free Zone.
Anti-Money Laundering Compliance
This business activity is not subject to AML compliance requirements.
References
- ¹ Straits Research. (2024). Oilfield Equipment Market Size, Share, Growth & Forecast 2033. straitsresearch.com
