Middle East Drilling Fluid & Completion Fluid Market is Expected to Reach $740 Million in 2018 - New Report by MicroMarket Monitor

The Middle East Drilling fluid and Completion fluid Market report defines and segments the drilling fluid and completion fluid market in Middle East with analysis and forecast of revenue. http://www.micromarketmonitor.com/market/middle-east-drilling-fluid-completion-fluid-3201014125.html.

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MicroMarket Monitor

MicroMarket Monitor

Key players in the Middle East Drilling Fluid & Completion Fluid Market are Baker Hughes, Halliburton, M-I SWACO, and Newpark Resources, Inc.

(PRWEB) July 22, 2014

The Middle East Drilling fluid and Completion fluid Market report defines and segments the drilling fluid and completion fluid market in Middle East with analysis and forecast of revenue. The drilling fluid and completion fluid market in Middle East is estimated to grow from around $560 million in 2013 to $740 million by 2018, at a CAGR of 5.7%, for the given period.

Browse through the TOC of the Middle East drilling fluid and completion fluid Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the Middle East drilling fluid and Completion fluid market, and is supported by various tables and figures.
http://www.micromarketmonitor.com/market/middle-east-drilling-fluid-completion-fluid-3201014125.html

The increasing energy demand, rise in population, discoveries of new CBM and shale reserves are putting pressure to drill at high depths and enter deep and ultra deep waters. Recent increase in oilfield discoveries and rise in drilling activities especially for those focusing on crude oil has positively impacted the drilling fluid and completion fluid market. These factors have been major drivers for the drilling fluids and completion fluids market. The price trend of crude oil and natural gas will support remote offshore sites and shale exploration.

Early buyers will receive 10% customization on this report.
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Middle East holds the largest oil and gas reserves across the globe.Due to the increasing demand for oil and gas, the pressure to perform enhanced oil recovery has increased tremendously in Middle East, driving the drilling fluids market in this region.

This market is segmented and forecasted on the basis of types, application and geography. Segmentation by type of drilling fluid includes- water based, oil based, synthetic based and others. By application the market is segmented into offshore and onshore operations. The market is further segmented and forecasted on the basis of major countries, such as Oman, Saudi Arabia and others.

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This report also includes the market share, supply chain and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in the market including major companies which provide drilling fluid.

Related Reports:

North America Drilling Fluid & Completion Fluid Market
The North American drilling and completion fluid market was valued at $4,523.7 million in 2013 and is forecasted to reach $7,679.2 million by 2018, growing at a CAGR of 7.3% from 2013 to 2018. The water-based system in drilling and completion fluids accounted for $5,276.1 million in 2013. The North American region constituted nearly 51% of the global drilling and completion fluid market in 2013.

Rise in drilling for shale oil, discoveries of coal bed methane (CBM), gas reserves and high drilling activities, and increased exploration and production activities, especially in offshore deep and ultra-deep waters in the North American region are the major reasons for the drilling and completion fluid market in North America. The lucrative and high investment areas of subsea regions in the U.S. and Canada are also driving the exponential growth of the market.

This report is designed to estimate, analyze, and forecast the revenue of drilling fluids across the North American market. With market data, we also provide customized MMM assessments that meet your company’s specific needs.
http://www.micromarketmonitor.com/market/north-america-drilling-fluid-completion-fluid-2200133703.html

Europe Drilling Fluid & Completion Fluid Market
The European drilling and completion fluid market was valued at $1,313.87 million in 2013 and is forecasted to reach $1, 766.42 million by 2018, growing at a CAGR of 6.10% from 2013 to 2018. The water-based system in drilling and completion fluids accounted for $809.99 million in 2013. The European region constituted nearly 12% of the global drilling and completion fluid market in the same year.

Increase in drilling and exploration activities for shale and other resources has led to widespread consumption of drilling fluids, which forms one of the reasons for the growth of the drilling and completion fluid market in Europe. The majority of drilling and exploration activities in Europe are carried out in Russia and the North Sea adjoining Norway and the U.K.

This report also provides an extensive competitive landscape of companies operating in the drilling and completion fluid market such as Baker Hughes, Halliburton, Tetra Technologies, Inc., M-I SWACO, Anchor Drilling Fluids USA, Inc., and Newpark Resources, Inc. Regional market shares, new product/service launches, mergers and acquisitions, and product portfolios of key market players have been elaborated upon in the report.
http://www.micromarketmonitor.com/market/europe-drilling-fluid-completion-fluid-9196506726.html

Asia-Pacific Drilling Fluid & Completion Fluid Market
The Asia-Pacific drilling and completion fluid market was valued at $1,638.24 million in 2013 and is forecasted to reach $2,386.23 million by 2018, growing at a CAGR of 7.80% from 2013 to 2018. The water-based system in drilling and completion fluids accounted for $1,013.25 million in 2013. Asia-Pacific is the second-largest market in the global drilling and completion fluid market with an estimated market share of about 15% in 2013.

Rise in drilling for shale oil and gas reserves and high drilling activities in the Asia-Pacific region are the major reasons for the growth of the drilling and completion fluid market. Regions such as Australia and China have huge shale reserves where drilling activities are starting; thus, they are set to become huge markets for drilling and completion fluids in the coming years.
http://www.micromarketmonitor.com/market/asia-pacific-drilling-fluid-completion-fluid-5274629646.html

Latin America Drilling Fluid & Completion Fluid Market
The Latin American drilling and completion fluid market was valued $934.75 million by 2013 and is forecasted to reach $1,449.33 million by 2018, growing at a CAGR of 9.20% from 2013 to 2018. The water-based system in drilling and completion fluids accounted for $551.97 million in 2013. The Latin American region constituted nearly 9% of the global drilling and completion fluid market in 2013.

Increase in drilling and exploration activities for shale and other resources has led to widespread consumption of drilling fluids, which forms one of the reasons for the growth of the drilling and completion fluid market in Latin America. Latin American countries such as Venezuela and Brazil, which are part of the Golden Triangle, are seeing tremendous increase in offshore drilling activities.
http://www.micromarketmonitor.com/market/latin-america-drilling-fluid-completion-fluid-9727352154.html

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