Drilling and Completion Fluids Market – Overview
Drilling and completion fluids consist of the basic requirements for creating the procedure for
field development after the successful exploration of the oil field. Large amount of oil is needed
as fuel for several industries such as automobiles, transportation, chemicals, lubricants, and
others. For meeting the demand for fuel, innovations are extensively carried out.
Increased successful explorations of the oil fields around the world are having a positive
influence on the drilling and completion fluids market. Market reports associated with the
energy and power industry have been presented by Market Research Future which makes
reports on other industry verticals that aims to analyze the current market scenarios better.
The benefits extended by drilling and controlling fluids such as transmittal of data and
controlling pressure are the key drivers propelling the market demand. The surge in global
discovery activities have influenced the expansion of the drilling and controlling fluids market
positively. Also, the growing need for a well-maintained and a strategic drilling fluid system
is likely to offer lucrative opportunities for the market over the upcoming years.
Also Read: http://www.marketwatch.com/story/drilling-and-completion-fluids-market-2020-
global-trends-drivers-restraints-developments-strategies-covid-19-impact-analysis-opportunitiesand-demand-by-forecast-to-2023-2020-06-02
Industry Highlights
The benefits provided by drilling and controlling fluids such as controlling pressure and
transmittal of data are the key drivers of the demand for the market. The increased discovery
activities globally have spurred the expansion of the drilling and controlling fluids market.
Moreover, the escalated need for a strategic and a well-maintained drilling fluid system is
projected to provide significant opportunities for the market for drilling and completion fluids
in the upcoming years.
The benefits provided by drilling and controlling fluids such as controlling pressure and
transmittal of data are the key drivers of the demand for the market. The increased discovery
activities globally have spurred the expansion of the drilling and controlling fluids market.
Moreover, the escalated need for a strategic and a well-maintained drilling fluid system is
projected to provide significant opportunities for the market for drilling and completion fluids
in the upcoming years.
Top Manufacturers
• Halliburton (U.S.),
• Schlumberger (U.S.),
• Newpark Resources Inc. (U.S.),
• China oilfield services Ltd. (China),
• M-I Swaco (U.S.),
• Weatherford International Plc. (U.S.),
• National Oilwell Varco (U.S.),
• DuPont (U.S.),
• BASF SE (Germany),