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The Drilling Fluid market is a segment of the Oilfield Equipment and Services industry. It is a specialized area of the oil and gas industry that focuses on the production of fluids used in the drilling process. These fluids are used to lubricate and cool the drill bit, reduce friction, and remove cuttings from the borehole. They also help to maintain the integrity of the wellbore and prevent the formation of gas pockets.
Drilling fluids are typically composed of a base fluid, such as water or oil, and a variety of additives, such as polymers, surfactants, and weighting agents. The selection of the appropriate fluid and additives depends on the type of drilling operation and the geological conditions of the well.
The Drilling Fluid market is highly competitive, with a number of major players, including Halliburton, Schlumberger, Baker Hughes, Weatherford, and National Oilwell Varco. These companies provide a range of products and services, including drilling fluid systems, additives, and technical support. Show Less Read more