Drilling and completion fluids are most crucial for carrying out any drilling and exploration activity, and have large application in onshore as well as offshore gas & oil activities. The fluids are used for the purpose of suspending cuttings, controlling pressure, providing buoyancy, stabilizing exposed rock and cooling & lubricating. Drilling and completion fluids apply different types of fluids, such as water-based, oil-based, synthetic-based systems, and the choice of the base fluid depends on the cost, performance level, and environmental factors.
The European drilling & completion fluids market is driven by rapid growing drilling activities coupled with increasing volumes of oil & gas production. Concerns regarding environmental impact of drilling fluids is a key restraining factor that is expected to hinder the growth of the market. Development of advanced drilling fluid chemicals and focus on deep & ultra-deepwater reserves are key factors that would offer abundant growth opportunities in the market.
The report segments the European drilling and completion fluids market on the basis of types, application and countries. On the basis of types, the market is segmented into water-based, synthetic-based, oil-based and others. On the basis of applications, the market is segmented into onshore and offshore. On the basis of countries, the market is segmented into Russia, Norway and U.K.
Key industry players operating in this region are Baker Hughes, Halliburto, M-I Swaco, Newpark Resources Inc, Tetra Technologies Inc., AkzoNobel NV and National Oilwell Varco Inc.
KEY BENEFITS FOR STAKEHOLDERS:
KEY MARKET SEGMENTS:
Europe Drilling & Completion Fluids Market– By Type
Europe Drilling & Completion Fluids Market– By Application
Europe Drilling & Completion Fluids Market– By Country
Key Company Profile
Newpark Resources Inc
Tetra Technologies Inc.
National Oilwell Varco Inc.