Africa Drilling and Completion Fluid Market is Estimated to Reach $1025.5 Million in 2019 - New Report by MicroMarket Monitor

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The drilling and completion fluid market in Africa is projected to reach a value of $1,025.5 million by 2019, at a CAGR of 5.2% from 2014 to 2019. http://www.micromarketmonitor.com/market/africa-drilling-fluid-completion-fluid-8784254335.html

MicroMarket Monitor

MicroMarket Monitor

Key players in Africa Drilling and Completion Fluid Market include Halliburton (U.S.), Baker Hughes (U.S.), New Park Resources Inc. (U.S.), Tetra Technologies Inc. (U.S.), Scomi Group BHD (Malaysia), and Weatherford International Ltd. (Switzerland).

The Africa Drilling and Completion Fluid Market is estimated to grow from $797.2 million in 2014 to $1025.5 million by 2019, at a CAGR of 5.2% from 2014 to 2019.

Browse through the TOC of Africa Drilling and Completion Fluid Market for an analysis of industry trends, segments and forecasts.
http://www.micromarketmonitor.com/market/africa-drilling-fluid-completion-fluid-8784254335.html

The increasing energy demand, rise in population, and discovery of new coal bed methane and shale reserves have led to exploration and production activities in deep and ultra-deep waters. The recent increase in oilfield discoveries, rise in drilling activities, technological advancements, and development of advanced drilling fluid chemicals, especially for crude oil, have positively impacted the drilling fluid and completion fluid market.

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Egypt dominated the African region with a market share of around 29.0% in the drilling fluid and completion fluid market in 2014.

The market is segmented and forecast on the basis of type, application, and country. Segmentation by type of drilling fluid includes water–based fluid systems, oil-based fluid systems, synthetic–based fluid systems, and other fluid systems. By application, the market is segmented into offshore and onshore operations.

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The market is further segmented and forecast on the basis of major countries, including Egypt, Algeria, Angola, Libya, Nigeria, and others. The report includes the drivers, restraints, and opportunities in drilling and completion fluid market in African region. In addition, the report also presents a competitive landscape and company profiles of key players in the market.

Related Report:

North America Drilling and Completion Fluids Market

The North America drilling and completion fluids market was valued at $5,497 million in 2013, and is projected to reach $7,302.6 million by 2019. The North America drilling and completion fluids market is directly dependent on drilling activities carried out across the globe.
http://www.micromarketmonitor.com/market/north-america-drilling-fluid-completion-fluid-2200133703.html

About MicroMarket Monitor:

MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.

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