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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

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    Report

  • 136 Pages
  • May 2018
  • Region: Global
  • Markets and Markets
  • ID: 4536022
Description Jump to:

The drilling & completion fluids market is projected to grow at a CAGR of 5.82% from 2018 to 2023.

The global drilling & completion fluids market is estimated at USD 9.62 billion in 2018 and is projected to grow at a CAGR of 5.82% during the forecast period, to reach USD 12.76 billion by 2023. The increase in drilling and exploration for oil and gas is driving the drilling and completion fluids market. The rise in the exploration of shale gas is another key factor driving the growth of the market. On the other hand, the major restraint for the drilling & completion fluids market is the environmental impact and stringent environmental regulations.

The water-based fluid segment is expected to hold a major share in fluid type segment by 2023.

Water-based fluids are preferred due to their technical properties, such as higher heat capacity, better flow rate, and low viscosity among others. The economic advantage is also significant as the water-based fluids are easily available. The advancements in technology have enabled the use of water-based fluids in challenging high-pressure high-temperature environment during deep and ultra-deepwater drilling activities. Also, as water-based fluids have less toxic chemicals, the regulations for water-based fluids are not very stringent. Thus, water-based fluids have a major share in drilling and completion fluids market during the forecast period.

North America is projected to be the largest market for drilling & completion fluids during the forecast period.

The abundance of shale reserves in North America has led to a considerable increase in drilling activity. The North American region has a large number of offshore reserves, which are currently being explored. The North American drilling and completion fluids market is driven by the growth in drilling activities for oil and gas reserves. The offshore exploration activities in the Gulf of Mexico are on the rise, which has prompted the expansion of companies in the region. The government has imposed stringent regulations for the prevention of the degradation of the environment.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1— 55%, Tier 2 — 15% Tier 3—30%,
  • By Designation: C–Level—12%, Director Level—25%, Others—63%
  • By Region: North America—15%, Europe—25%, Asia Pacific—40%, Middle East—15%, ROW—5%

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

Research Coverage:

The report defines, describes, and forecasts the global drilling & completion fluids market on the basis of fluid systems, application, well type, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market.

Why buy this report?

  • The report identifies and addresses key markets for drilling & completion fluids, which would help suppliers review the growth in the demand for the product.
  • The report helps solution providers understand the pulse of the market, and provides insights into drivers, restraints, and challenges.
  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
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
12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports:
12.7 Author Details
List of Tables:
Table 1 Drilling and Completion Fluids Market Snapshot
Table 2 Total Wells Drilled
Table 3 International Recoverable Shale Gas Reserves, 2016
Table 4 Governmental Drilling & Completion Fluids Discharge Regulations, By Countries
Table 5 Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 6 Onshore: Drilling & Completion Fluids Market Size, By Region, 2016–2023 (USD Million)
Table 7 Offshore: Drilling & Completion Fluids Market Size, By Region, 2016–2023 (USD Million)
Table 8 Drilling & Completion Fluids Market Size, By Fluid System, 2016–2023 (USD Million)
Table 9 Water-Based: Drilling & Completion Fluids Market Size, By Region, 2016–2023 (USD Million)
Table 10 Oil-Based: Drilling & Completion Fluids Market Size, By Region, 2016–2023 (USD Million)
Table 11 Synthetic-Based: Drilling & Completion Fluids Market Size, By Region, 2016–2023 (USD Million)
Table 12 Others: Drilling & Completion Fluids Market Size, By Region, 2016–2023 (USD Million)
Table 13 Drilling & Completion Fluids Market Size, By Well Type, 2016–2023 (USD Million)
Table 14 Hpht: Drilling & Completion Fluids Market Size, By Region, 2016–2023 (USD Million)
Table 15 Conventional: Drilling & Completion Fluids Market Size, By Region, 2016–2023 (USD Million)
Table 16 Global Drilling & Completion Fluids Market Size, By Region, 2016–2023 (USD Million)
Table 17 North America: Drilling & Completion Fluids Market, By Application, 2016–2023 (USD Million)
Table 18 North America: Drilling & Completion Fluids Market, By Fluid Type, 2016–2023 (USD Million)
Table 19 North America: Drilling & Completion Fluids Market, By Well Type, 2016–2023 (USD Million)
Table 20 North America: Drilling & Completion Fluids Market, By Country, 2016–2023 (Million Gallons)
Table 21 North America: Drilling & Completion Fluids Market, By Country, 2016–2023 (USD Million)
Table 22 US: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 23 Canada: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 24 Mexico: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 25 Europe: Drilling & Completion Fluids Market, By Application, 2016–2023 (USD Million)
Table 26 Europe: Drilling & Completion Fluids Market, By Fluid Type, 2016–2023 (USD Million)
Table 27 Europe: Drilling & Completion Fluids Market, By Well Type, 2016–2023 (USD Million)
Table 28 Europe: Drilling & Completion Fluids Market, By Country, 2016–2023 (Million Gallons)
Table 29 Europe: Drilling & Completion Fluids Market, By Country, 2016–2023 (USD Million)
Table 30 Norway: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 31 Russia: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 32 UK: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 33 Rest of Europe: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 34 Middle East: Drilling & Completion Fluids Market, By Application, 2016–2023 (USD Million)
Table 35 Middle East: Drilling & Completion Fluids Market, By Fluid Type, 2016–2023 (USD Million)
Table 36 Middle East: Drilling & Completion Fluids Market, By Well Type, 2016–2023 (USD Million)
Table 37 Middle East: Drilling & Completion Fluids Market, By Country, 2016–2023 (Million Gallons)
Table 38 Middle East: Drilling & Completion Fluids Market, By Country, 2016–2023 (USD Million)
Table 39 Saudi Arabia: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 40 UAE: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 41 Qatar: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 42 Oman: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 43 Kuwait: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 44 Rest of Middle East: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 45 South America: Drilling & Completion Fluids Market, By Application, 2016–2023 (USD Million)
Table 46 South America: Drilling & Completion Fluids Market, By Fluid Type, 2016–2023 (USD Million)
Table 47 South America: Drilling & Completion Fluids Market, By Well Type, 2016–2023 (USD Million)
Table 48 South America: Drilling & Completion Fluids Market, By Country, 2016–2023 (Million Gallons)
Table 49 South America: Drilling & Completion Fluids Market, By Country, 2016–2023 (USD Million)
Table 50 Brazil: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 51 Argentina: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 52 Venezuela: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 53 Rest of South America: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 54 Asia Pacific: Drilling & Completion Fluids Market, By Application, 2016–2023 (USD Million)
Table 55 Asia Pacific: Drilling & Completion Fluids Market, By Fluid Type, 2016–2023 (USD Million)
Table 56 Asia Pacific: Drilling & Completion Fluids Market, By Well Type, 2016–2023 (USD Million)
Table 57 Asia Pacific: Drilling & Completion Fluids Market, By Country, 2016–2023 (Million Gallons)
Table 58 Asia Pacific: Drilling & Completion Fluids Market, By Country, 2016–2023 (USD Million)
Table 59 China: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 60 Thailand: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 61 Indonesia: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 62 India: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 63 Australia: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 64 Rest of Asia Pacific: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 65 Africa: Drilling & Completion Fluids Market, By Application, 2016–2023 (USD Million)
Table 66 Africa: Drilling & Completion Fluids Market, By Fluid System, 2016–2023 (USD Million)
Table 67 Africa: Drilling & Completion Fluids Market, By Well Type, 2016–2023 (USD Million)
Table 68 Africa: Drilling & Completion Fluids Market, By Country, 2016–2023 (Million Gallons)
Table 69 Africa: Drilling & Completion Fluids Market, By Country, 2016–2023 (USD Million)
Table 70 Angola: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 71 Egypt: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 72 Algeria: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 73 Nigeria: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 74 Libya: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Thousand)
Table 75 Rest of Africa: Drilling & Completion Fluids Market Size, By Application, 2016–2023 (USD Million)
Table 76 Contracts & Agreements, 2017
Table 77 New Product Launches, 2014–2017
Table 78 Mergers & Acquisitions, 2014–2017
Table 79 Partnerships, Collaborations, Alliances, & Joint Ventures, 2014–2017
List of Figures:
Figure 1 Market Segments
Figure 2 Regional Scope
Figure 3 Drilling & Completion Fluids Market: Research Design
Figure 4 Breakdown of Primaries: By Company Type, Designation, and Region
Figure 5 Bottom-Up Approach
Figure 6 Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Assumptions of the Research Study
Figure 9 North America Dominated the Drilling and Completion Fluids Market in 2017
Figure 10 The Onshore Segment is Expected to Lead the Drilling and Completion Fluids Market, By Application, During the Forecast Period
Figure 11 Water-Based Fluid System Dominates the Market During the Forecast Period
Figure 12 Conventional Well Leads the Drilling and Completion Fluids Market During the Forecast Period
Figure 13 Increasing Drilling Activities are Expected to Drive the Drilling and Completion Fluids Market During the Forecast Period
Figure 14 North America and Asia Pacific are Expected to Be the Fastest Growing Markets for Drilling and Completion Fluids During the Forecast Period
Figure 15 The Onshore Application is Expected to Have the Largest Market Share During the Forecast Period
Figure 16 The Water-Based Fluid System is Expected to Lead the Drilling and Completion Fluids Market During the Forecast Period
Figure 17 The Conventional Well is Expected to Lead the Drilling and Completion Fluids Market During the Forecast Period
Figure 18 Market Dynamics: Drilling and Completion Fluids Market
Figure 19 Onshore Application Dominates the Drilling & Completion Fluids Market in 2017
Figure 20 Water-Based Fluid System is Estimated to Dominate the Drilling & Completion Fluids Market
Figure 21 The Conventional Well is Estimated to Dominate the Drilling & Completion Fluids Market in 2017
Figure 22 Regional Snapshot: Drilling & Completion Fluids Market, 2018–2023
Figure 23 North America: Drilling & Completion Fluids Market Snapshot
Figure 24 Europe: Drilling & Completion Fluids Market Snapshot
Figure 25 Key Developments in the Drilling & Completion Fluids Market, 2014–2017
Figure 26 Schlumberger Led the Market for Drilling and Completion Fluids in 2017
Figure 27 Bhge: Company Snapshot
Figure 28 Halliburton: Company Snapshot
Figure 29 Schlumberger: Company Snapshot
Figure 30 Newpark Resources Inc.: Company Snapshot
Figure 31 Tetra Technologies Inc.: Company Snapshot
Figure 32 CES Energy Solutions Corp.: Company Snapshot
Figure 33 National Oilwell Varco, Inc.: Company Snapshot
Figure 34 Secure Energy Services: Company Snapshot
Figure 35 Weatherford International: Company Snapshot
Figure 36 Scomi: Company Snapshot

Samples

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Executive Summary

Companies Mentioned

  • BHGE
  • Halliburton
  • Schlumberger
  • Newpark Resources
  • Tetra Technologies
  • CES
  • National Oilwell Varco
  • Secure Energy Services
  • Weatherford International
  • Q’max Solutions
  • Global Drilling and Chemicals
  • Sagemines
  • Scomi

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