Global Drilling and Completion Fluid Market Outlook to 2028

Global Drilling and Completion Fluid Market Outlook to 2028

Market Research Reports | Q1 2024 | Report ID: BR0185

About the Report

The rising demand for oil and gas coupled with significant shale developments, continued exploration activities, ongoing technological advancements, and supportive government policies are some of the significant factors projected to boost the growth of the global drilling and completion fluids market.

 

Drilling and completion fluids are used during the drilling and well completion activities to bring up the drill cuttings and to prepare the well for production.

 

With the outbreak of Covid-19 and related economic repercussions, there is a decrease in the price and demand for oil and gas, causing a decrease in the demand for the drilling and completion fluid market.

 

The drilling rig count has reduced significantly in North America, as exploration budgets slashed and major oil and gas companies renegotiate their contract terms.

 

The market is segmented into water-based fluids, synthetic-based fluids, and oil-based fluids. The synthetic includes esters, olefins, and paraffin that offer superior performance in high-temperature wells and are mostly preferred for offshore applications. These fluids provide an increased rate of penetration and high drilling efficiency.

 

The oil-based fluids can be diesel, kerosene, or mineral low toxic oil. It can support drilling in high-temperature conditions, high rate of penetration, and effective shale inhibition.

 

Whereas, water-based fluids are composed of base fluids, usually freshwater or seawater, clay, and other additives, and they are relatively economical with poor waste management and disposal costs.

 

It is anticipated that the drilling and completion fluids market will grow in the medium term, owing to rising shale developments. Moreover, the rising rig count in North America, the development of new ports and drilling sites shall also play to the global market's advantage.

 

Blackridge Research's Drilling and Completion Fluids Market report provides deep insights into the market's current and future growth outlook. The study offers a detailed analysis of various factors instrumental in affecting the drilling and completion fluid's market growth.

 

The report also addresses present and future market opportunities, market trends, developments, important commercial developments, regions, and segments poised for the fastest-growth, competitive landscape, and impact of Covid-19 on the market.

  Table of Contents

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

  • 3.1 Introduction
  • 3.2 Market Dynamics
    • 3.2.1. Drivers
    • 3.2.2 Restraints
  • 3.3 Market Trends & Developments
  • 3.4 Market Opportunities
  • 3.5 Market Size and Forecast
  • 3.6 List of Projects

4. Industry Analysis

  • 4.1 Supply Chain Analysis
  • 4.2 Porter’s Five Forces Analysis

5. Market Segmentation & Forecast

  • 5.1 By Drilling fluid Type
    • 5.1.1 Water-based
    • 5.1.2 Oil-based
    • 5.1.3 Others
  • 5.2 By Deployment
    • 5.2.1 Offshore
    • 5.2.2 Onshore

6. Regional Market Analysis

  • 6.1 North America
  • 6.2 Europe
  • 6.3 Asia-Pacific
  • 6.4 South America
  • 6.5 Middle East & Africa

7. Key Company Profiles

  • 7.1 Halliburton
  • 7.2 Schlumberger Limited
  • 7.3 CES Energy Solutions Corp.
  • 7.4 Weatherford International Plc.
  • 7.5 Baker Hughes
  • 7.6 National Oilwell Varco Inc.
  • 7.7 Tetra Technologies Inc.
  • 7.8 Newpark Resources
  • 7.9 Chevron Phillips Chemical Company LLC
  • *List of companies not exhaustive

8. Competitive Landscape

  • 8.1 List of Notable Players in the Market
  • 8.2 M&A, JV, and Agreements
  • 8.3 Market Share Analysis
  • 8.4 Strategies of Key Players

9. Conclusions and Recommendations

List of Tables & Figures

Abbreviations

Additional Notes

Disclaimer

  This report helps to:-

• Equip yourself with rigorous analysis and forward-looking insight into the drilling and completion fluids market across various regions.

• Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.

• Examine industry themes and trends, evaluate opportunities to maintain and enhance your competitive position.

• Capitalize on growth opportunities to build a strong market position.

• Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.

• Be better informed of your competition by gaining access to detailed information and analysis of key industry players.

• Keep on top of M&A developments, JV’s and other agreements to assess the evolving competitive landscape and enhance your competitive position. 

 

  Who need this report?

• Drilling and completion fluid manufacturers and suppliers
• Chemical suppliers
• Oil and gas upstream companies
• Investor Community
• Financing Companies
• Government Bodies & Industry Organizations
• Energy Engineering, Procurement, and Construction (EPC) firms
• Others

  Tables and charts

Global Drilling and Completion Fluids Market Revenue, in USD billion, 2019-2025

Global Drilling and Completion Fluids Market Revenue Share, by Drilling Fluid Type, 2019

Global Drilling and Completion Fluids Market Revenue Share, by Deployment, 2019

Global Drilling and Completion Fluids Market Revenue Share, by Region, 2019

Water-based - Market Revenue, in USD billion, 2019-2025

Oil-based - Market Revenue, in USD billion, 2019-2025

Others - Market Revenue, in USD billion, 2019-2025

Onshore - Market Revenue, in USD billion, 2019-2025

Offshore - Market Revenue, in USD billion, 2019-2025

Others

Continued US drilling activity, 2013-2020

Russian Drilling: km drilled/day, 2011- 2019

List of top 10 discovered offshore Oil and Gas reserve, 2019 (in Million Barrels of Oil Equivalent)

Global average number of operating Rig count (in unit), 2017-2020

Detailed list of Tables and Charts are available in the full report.

  What's included

Report - Global Drilling and Completion Fluid Market Outlook to 2028.pdf
Market Data - Global Drilling and Completion Fluid Market Outlook to 2028.xls

  Why buy this report?

  • Gain a deeper understanding of the impact of Covid-19 on the <Global Drilling and Completion Fluid Market>.
  • Equip yourself with rigorous analysis and forward-looking insights into the <Global Drilling and Completion Fluid Market> across multiple regions.
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
  • Assess market size data and forecasts to understand how the demand across various segments evolves over the next few years.
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position

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