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Global Drilling And Completion Fluids Market

  • Published Date: 14 Mar 2018
  • Number of Pages: 176
  • Category: Energy and Utilities
  • Country: Global
Drilling fluids are used to avoid friction, provide hydrostatic pressure to prevent formation fluids from entering the bore well, keep the drill bit cool and clean during drilling, transport out drill cuttings, avoid formation damage, limit corrosion and suspend the drill cuttings when drilling is paused and when the drilling assembly is brought in and out of the hole.

Different types of base fluids are used as drilling and completion fluids, some of these being water-based fluids, oil-based fluids, synthetic-based fluids, etc. The choice of drilling and completion fluids base depends on the desired performance, the cost of the fluid and the environmental impact. Factors that affect the performance of these fluids include viscosity, density, pH, corrosion of fatigue of drill string, thermal stability, etc.

The global drilling and completion fluids market depends on the upstream oil and gas industry and crude oil prices. The slump in crude oil prices has affected the upstream industry, which identifies deposits and recovers raw materials from drill wells, significantly, while benefitting the downstream industry, which takes care of refineries and marketing. Mergers & Acquisitions have played significant roles in the market development for drilling and completion fluids market due to numerous benefits such as low-cost production, technology sharing and sustainability against price fluctuations.

Market dynamics

--> Drivers
o The recent increase in oilfield discoveries has led to a rise in drilling activities
o The growing world energy demand and
o Rise in population
o Rise in unconventional oil and gas resources( shale gas, CBM, gas hydrates, tight oil, oil sands, etc)
o The shale gas boom in the US
o The huge discoveries of oil sands in Canada

--> Constraints
o Environmental regulation for the usage of volatile organic compounds (VOC).
o Geographical constraints
o Fall in crude oil prices

Market Segmentation

--> Application areas
Onshore applications
Offshore applications
--> Type
Market size
Volume of water-based systems, oil-based systems, synthetic-based systems, etc
--> Regions
North America
Latin America
Middle East
Key players

General Electric, Halliburton, Schlumberger, TETRA Technologies, Weatherford, AES Drilling Fluids, Akzo Nobel, Anchor Drilling Fluids, BASF, Calumet Specialty Products, CES Energy Solutions, ChemSol, Chevron Phillips Chemical, CP Kelco, Drilling Fluids Technology, Ecolab, Flotek Industries, GEO Drilling Fluids, Gumpro Drilling Fluids, IMDEX, Lamberti, National Oilwell Varco, Newpark Resources, Royal Dutch Shell, Scomi Group, Stepan, Tiger Fluids, Wacker Chemie, WorkSafeBC

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe

> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe

> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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