• AkzoNobel N.V. (Netherlands),
• Stellar Drilling Fluids LLC (U.S.),
• Chevron Phillips Chemical Company (U.S.),
• Scomi Group (Malaysia), and
• The Dow Chemical Company (U.S.).
Segmental Analysis
The segmentation of the drilling and completion fluids market has been carried out on the
basis of well type, type and region.
Based on well type, the market of drilling and completion fluids is segmented into offshore and
land.
On the basis of type, the drilling and completion fluids market has been segmented into waterbased
systems, oil-based systems, synthetic-based systems, foams, and other fluids.
The region-based segmentation of the industry comprises of regions such as Asia Pacific,
Europe, North America, and the rest of the world.
Regional Analysis
The analysis based on regions in the drilling and completion fluids market consists of Asia
Pacific, North America, Europe and the rest of the world.
The Europe and Africa markets which are near the North Sea, dominates a significant share of
the market, on account of the upgraded oil discoveries from these regions. During 2018, the
sources found around Norwegian Sea, Nigeria, Egypt, and the deep-water of U.K. sector of the
North Sea were encouraged to expand their drilling and completion fluids market in the region.
Furthermore, the Asia Pacific market along with the Middle East market, is trailing the growth
of the drilling and completion fluids market owing to rising exploration activities in these areas.
The presence of massive potential resources in the regions such as Bahrain, South China Sea,
Russia, and Kuwait also drives the market considerably. Besides, the discovery of several
prominent oil fields in Bahrain is likely to further stimulate the progress of the drilling and
completion fluids market in the region. The increasing demand for oil globally also plays an
important role in driving the development of the market throughout the forecast period.
Industry Updates:
Jan 2019 BHGE’s OFS segment has recently signed a four-year contract to offer drill bits,
drilling services, drilling and completion fluids, completion and cementing solutions to an
important customer in Colombia. BHGE will support major drilling campaigns through this
deal while developing new technology in partnership with the customer and support
conventional operations.
Access Complete Drilling and Completion Fluids Market Research Report at:
https://www.marketresearchfuture.com/reports/drilling-completion-fluids-market-1100
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