Global Drilling and Completion Fluids Market 2017-2021

  • ID: 4397202
  • Report
  • Region: Global
  • 85 pages
  • TechNavio
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FEATURED COMPANIES

  • AES Drilling Fluids
  • CES Energy Solutions
  • Ecolab
  • Gumpro Drilling Fluids
  • National Oilwell Varco
  • Scomi Group
  • MORE
About Drilling and Completion Fluids

Drilling fluids are primarily composed of bentonite that is mixed in a certain concentration with water or oil, mainly serves the purpose of lubrication and cooling of the drill bit and drill string and transporting the drill cuttings to the surface. Completion fluids are used during well completions in activities such as hydraulic fracturing and well stimulation.

The analysts forecast the global drilling and completion fluids market to grow at a CAGR of 6.58% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global drilling and completion fluids market for 2017-2021. To calculate the market size, the report considers the new sales value of drilling and completion fluids used in an oil well and exclude aftermarket and retrofit markets.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Drilling and Completion Fluids Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • General Electric
  • Halliburton
  • Schlumberger
  • TETRA Technologies
  • Weatherford
Other prominent vendors
  • 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
Market drivers
  • Rise in unconventional oil and gas resources
  • For a full, detailed list, view the full report
Market challenges
  • Decline in investments in upstream sector
  • For a full, detailed list, view the full report
Market trends
  • Supercritical carbon dioxide in shale gas fracking
  • For a full, detailed list, view the full report
Key questions answered in this report:
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AES Drilling Fluids
  • CES Energy Solutions
  • Ecolab
  • Gumpro Drilling Fluids
  • National Oilwell Varco
  • Scomi Group
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by application
  • Global drilling and completion fluids market by application
  • Global onshore drilling and completion fluids market
  • Global offshore drilling and completion fluids market
PART 07: Market segmentation by base fluid type
  • Global drilling and completion fluids market by base fluid type
  • Global drilling and completion fluids market by water-based fluids segment
  • Global drilling and completion fluids market by oil-based fluids segment
  • Global drilling and completion fluids market by synthetic-based fluids segment
PART 08: Geographical segmentation
  • Global drilling and completion fluids market by geography
  • Drilling and completion fluids market in the Americas
  • Drilling and completion fluids market in EMEA
  • Drilling and completion fluids market in APAC
PART 09: Decision framework

PART 10: Drivers and challenges
  • Market drivers
  • Market challenges
PART 11: Market trends
  • Supercritical carbon dioxide in shale gas fracking
  • Laser drilling technology
  • New-generation automated drilling rigs
PART 12: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 13: Key vendor analysis
  • General Electric
  • Halliburton
  • Schlumberger
  • TETRA Technologies
  • Weatherford
PART 14: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Major segments of the oil and gas industry
Exhibit 02: Different drilling fluid types and their impact on different parameters
Exhibit 03: Segmentation of the global drilling and completion fluids market
Exhibit 04: Global drilling and completion fluids market 2016-2021 ($ billions)
Exhibit 05: Global liquid fuel consumption 2007-2018 (mbpd)
Exhibit 06: Five forces analysis
Exhibit 07: Global drilling and completion fluids market by application 2016 and 2021 (%)
Exhibit 08: Global drilling and completion fluids market by application 2016-2021 ($ billions)
Exhibit 09: Global onshore drilling and completion fluids market 2016-2021 ($ billions)
Exhibit 10: Global offshore drilling and completion fluids market 2016-2021 ($ billions)
Exhibit 11: Global drilling and completion fluids market by base fluid type 2016 and 2021 (%)
Exhibit 12: Global drilling and completion fluids market by base fluid type 2016-2021 ($ billions)
Exhibit 13: Global drilling and completion fluids market by water-based fluids 2016-2021 ($ billions)
Exhibit 14: Global drilling and completion fluids market by oil-based fluids segment 2016-2021 ($ billions)
Exhibit 15: Global drilling and completion fluids market by synthetic-based fluids segment 2016-2021 ($ billions)
Exhibit 16: Global drilling and completion fluids market by geography 2016 and 2021 (%)
Exhibit 17: Global drilling and completion fluids market by geography 2016-2021 ($ billions)
Exhibit 18: Drilling and completion fluids market in the Americas 2016-2021 ($ billions)
Exhibit 19: Global rig count 2016-2017
Exhibit 20: Drilling and completion fluids market in EMEA 2016-2021 ($ billions)
Exhibit 21: Drilling and completion fluids market by APAC 2016-2021 ($ billions)
Exhibit 22: Global tight oil production 2015 and 2040 (mbpd)
Exhibit 23: Natural gas production by type in China and the US 2012 and 2040 (tcf)
Exhibit 24: Global crude oil price 2007-2016 ($/bbl)
Exhibit 25: Other prominent vendors (indicative list)
Exhibit 26: General Electric: Key products
Exhibit 27: Halliburton: Key products
Exhibit 28: Schlumberger: Drilling fluids key products
Exhibit 29: Schlumberger: Completion fluids key products
Exhibit 30: TETRA Technologies: Business divisions
Exhibit 31: TETRA Technologies: Key products/services
Exhibit 32: Weatherford: Key products
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FEATURED COMPANIES

  • AES Drilling Fluids
  • CES Energy Solutions
  • Ecolab
  • Gumpro Drilling Fluids
  • National Oilwell Varco
  • Scomi Group
  • MORE
New Report Released: - Global Drilling and Completion Fluids Market 2017-2021

The author of the report recognizes the following companies as the key players in the global drilling and completion fluids market: General Electric, Halliburton, Schlumberger, TETRA Technologies, and Weatherford.

Other Prominent Vendors in the market are: 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, and WorkSafeBC.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Supercritical carbon dioxide in shale gas fracking. Hydraulic fracturing is a process where huge amounts of water, sand, and chemicals are injected into a well to break the rock. Hydraulic fracturing, also known as ‘fracking’, is a well stimulation process that uses water and chemicals to open the pores of the rock formation, creating a path for the crude oil and natural gas to flow into the well.”

According to the report, one of the major drivers for this market is Rise in unconventional oil and gas resources. Unconventional oil and gas resources comprise shale gas, CBM, gas hydrates, tight oil, oil sands, and others. These resources are difficult to exploit and costly to produce. Technological advances and operational efficiencies have driven cost reductions, thus spurring the exploitation of unconventional resources. The shale gas boom in the US saw the rise of unconventionally produced natural gas supplies. The huge discoveries of oil sands in Canada have shown the unlimited opportunities for oil exploration. As the energy focus shifts toward natural gas, unconventional techniques such as CBM and underground coal gasification (UCG) have witnessed considerable growth.

Further, the report states that one of the major factors hindering the growth of this market is Decline in investments in upstream sector. As per the International Energy Agency, the upstream oil and gas industry witnessed a 25% decline in investments from 2014 to 2015. This was due to the cost reductions done by various upstream companies worldwide, caused by the drop in crude oil prices. As per the US Energy Information Administration, crude oil prices, which were over $117.80/bbl in June 2014, experienced a rapid decline to $47.76/bbl in January 2015, in a time span of just seven months. Crude oil prices continued to fall and were at $30.70/bbl in January 2016 and were around $54.58/bbl in January 2017. This has greatly affected the profitability of upstream oil and gas companies.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • 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
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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