Drilling Fluids (Drilling Mud) Market & Completion Fluids Market by Types, Application Areas & Geography - Forecast to 2018

Topics: Petroleum, Natural gas, Oil well Pages: 4 (810 words) Published: April 4, 2014
Drilling Fluids (Drilling Mud) Market & Completion Fluids Market by Types, Application Areas & Geography - Forecast to 2018 On 4th April 2014
The report covers the global drilling fluids market and segments it on the basis of their application areas that include onshore and offshore applications. Secondly, the global drilling and completion fluids market is segmented on the basis of type of base fluids such as water-based systems, oil-based systems, synthetic-based systems, and other systems. Lastly, the market is segmented on the basis of regions such as North America, Asia-Pacific, Europe, Latin America, Africa, Middle East, and Rest of the World (ROW). Each segment has been analyzed with respect to their market trends, growth trends, and future prospects. Buy this report OR Know more : http://www.jsbmarketresearch.com/energy-utilities/r-Drilling-Fluids-Market-Completion-Fluids-Market-by-Types-Application-Areas-Geography-97451 Drilling and completion fluids are used in drilling and completion processes of any oil and gas well. These systems in global drilling fluids market serve various purposes, including removal of cuttings from wellbore, to suspend and release cuttings, to counterbalance the formation pressures, to seal permeable formations, to maintain the wellbore stability, to minimize formation damages, to work as a coolant and lubricant for drilling bit, to transmit hydraulic energy to drilling bit, to control corrosion of the equipment, and so on.

The completion and drilling fluids market is driven by the increasing drilling activities and it is expected to be another strong, profitable year for E&P companies around the globe, especially for those focusing on crude oil. The price trend of crude oil and natural gas will support greater liquids and shale exploration in a number of international areas, just like it has been done in North America over the past few decades. The relatively high price also supports large development projects offshore....
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