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$12.7 Billion Drilling and Completion Fluids Market, 2023: Key Players are BHGE, Halliburton, Schlumberger, Weatherford and Newpark Resources
Thursday, May 17, 2018

$12.7 Billion Drilling and Completion Fluids Market, 2023: Key Players are BHGE, Halliburton, Schlumberger, Weatherford and Newpark Resources

DUBLIN, May 17, 2018 /PRNewswire/ --

The "Drilling and Completion Fluids Market by Application (Onshore and Offshore), Fluid System (Water-Based System, Oil-Based System, Synthetic-Based System), Well Type (Conventional and HPHT), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

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The global drilling & completion fluids market is projected to reach a market size of USD 12.76 Billion in 2023 from an estimated USD 9.62 Billion in 2018, at a CAGR of 5.82% during the forecast period.

This growth can be primarily attributed to the increase in drilling activities for onshore and offshore, and rise in shale gas exploration.

The report segments the drilling & completion fluids market, by application, into onshore and offshore. The onshore application segment is expected to have the largest market share by 2023. The onshore application is expected to dominate the market as the majority of global oil and gas reserves are present onshore. The number of wells drilled onshore is drastically large than wells drilled offshore in 2017.

The drilling & completion fluids market, by fluid type, is segmented into water-based, oil-based, synthetic-based, and others. Water-based fluid systems are suitable for onshore and offshore drilling activities. Also, water-based fluid systems are economical as compared to non-aqueous based fluids. The discharge policies for water-based fluids are also not very stringent as these have lesser toxic chemicals than other fluids.

The drilling & completion fluids market, by well type, is segmented into conventional and HPHT. The HPHT well is estimated to be the fastest growing market for drilling & completion fluids from 2018 to 2023. The advancements in technology have helped to overcome the challenges faced in drilling the HPHT well. Also, as most of the conventional wells are mature, there is increased need for drilling of HPHT wells to find new hydrocarbon reserves.

In this report, the drilling & completion fluids market has been analyzed with respect to six regions, namely, North America, Europe, Asia Pacific, South America, the Middle East, and Africa.

Some of the prominent players in the drilling & completion fluids market are BHGE (US), Halliburton (US), Schlumberger (US), Weatherford (US), and Newpark Resources (US).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Drilling and Completion Fluids Market, 2018-2023
4.2 Drilling and Completion Fluids Market, By Region, 2018-2023
4.3 Drilling and Completion Fluids Market, By Application, 2018 & 2023
4.4 Drilling and Completion Fluids Market, By Fluid System, 2018 & 2023
4.5 Drilling and Completion Fluids Market, By Well Type, 2018 & 2023

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Surge in Drilling Activities
5.2.1.2 Increase in Shale Gas Exploration
5.2.2 Restraints
5.2.2.1 Environmental Impact of Drilling Fluids
5.2.2.2 Stringent Environmental Regulations
5.2.3 Opportunities
5.2.3.1 Increasing Focus on Deep and Ultra-Deep-Water Drilling
5.2.3.2 Focus on Developing Advanced Drilling Fluid Chemicals
5.2.4 Challenges
5.2.4.1 Rise in Cost of Deepwater and Ultra-Deepwater Drilling

6 Drilling & Completion Fluids Market, By Application
6.1 Introduction
6.2 Onshore
6.3 Offshore

7 Drilling & Completion Fluids Market, By Fluid System
7.1 Introduction
7.2 Water-Based
7.3 Oil-Based
7.4 Synthetic-Based
7.5 Others

8 Drilling & Completion Fluids Market, By Well Type
8.1 Introduction
8.2 Hpht Wells
8.3 Conventional Wells

9 Drilling & Completion Fluids Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Norway
9.3.2 Russia
9.3.3 UK
9.3.4 Rest of Europe
9.4 Middle East
9.4.1 Saudi Arabia
9.4.2 UAE
9.4.3 Qatar
9.4.4 Oman
9.4.5 Kuwait
9.4.6 Rest of Middle East
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Venezuela
9.5.4 Rest of South America
9.6 Asia Pacific
9.6.1 China
9.6.2 Thailand
9.6.3 Indonesia
9.6.4 India
9.6.5 Australia
9.6.6 Rest of Asia Pacific
9.7 Africa
9.7.1 Angola
9.7.2 Egypt
9.7.3 Algeria
9.7.4 Nigeria
9.7.5 Libya
9.7.6 Rest of Africa

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking of Players and Industry Concentration, 2017
10.3 Competitive Scenario
10.3.1 Contracts & Agreements
10.3.2 New Product Launches
10.3.3 Mergers & Acquisitions
10.3.4 New Product Launches

11 Company Profiles
11.1 Competitive Benchmarking
11.2 Bhge
11.3 Halliburton
11.4 Schlumberger
11.5 Newpark Resources
11.6 Tetra Technologies
11.7 CES
11.8 National Oilwell Varco
11.9 Secure Energy Services
11.10 Weatherford International
11.11 Q'max Solutions
11.12 Global Drilling and Chemicals
11.13 Sagemines
11.14 Scomi

For more information about this report visit https://www.researchandmarkets.com/research/tkf372/12_7_billion?w=5

Media Contact:

Laura Wood, Senior Manager
press@researchandmarkets.com

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View original content:http://www.prnewswire.com/news-releases/12-7-billion-drilling-and-completion-fluids-market-2023-key-players-are-bhge-halliburton-schlumberger-weatherford-and-newpark-resources-300650242.html

SOURCE Research and Markets



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