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).
(PRWEB) April 21, 2015
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.
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.
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.
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.
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