The Key Players of the Asia Pacific Drilling & Completion Fluid Market include Schlumberger Ltd., Halliburton Co., Baker Hughes Inc., and Weatherford International Ltd., among others.
(PRWEB) April 08, 2015
The drilling and completion fluid market, by application in Asia-Pacific is estimated to grow from $1,633.4 million in 2013 to $2,223.5 million by 2019, at a CAGR of 4.7% from 2014 to 2019
Browse through the TOC of Asia-Pacific Drilling & Completion Fluid Market for an analysis of industry trends, segments and forecasts.
The increasing energy demand, rise in population, and the discovery of new shale reserves are driving oil & gas companies to drill at increased depths in deep and ultra-deep water areas. The recent increase in oilfield discoveries and rise in drilling activities, especially for those focusing on crude oil, has positively impacted the drilling and completion fluid market in the Asia-Pacific region. The price trends of crude oil and natural gas are supporting drilling and exploration in remote offshore reserves.
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Asia-Pacific is one of the largest markets for drilling and completion fluids, due to the increased exploration and production activities in the region. China has the maximum number of shale reserves as compared to other regions in Asia-Pacific. Moreover, China is the biggest market in Asia-Pacific, and as of 2013, contributed a major share of over 50.0% in the drilling and completion fluid market in Asia-Pacific.
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The Asia-Pacific drilling and completion fluid market has been segmented and forecast on the basis of base fluid, application, and geography. Water-based, oil-based, and synthetic-based systems are the key types of drilling and completion fluids, depending on the type of base fluid used. In terms of application, the market has been segmented into offshore and onshore segments. China, Australia, Thailand, India, and Indonesia, are among the key countries considered for the geographic analysis of the Asia-Pacific market for drilling and completion fluids.
M-I SWACO (a part of Schlumberger Ltd.), Halliburton Co., and Baker Hughes Inc., are among the key companies operational in the Asia-Pacific drilling and completion fluid market. The leading companies of the market have been comprehensively profiled in the report, with emphasis on their financials, and growth strategies, including mergers & acquisitions, joint ventures, partnerships, and agreements.
North America Drilling and Completion Fluids Market
North America Drilling Fluid and Completion Fluid Market Forecast, 2013-2018’ analyzes the drilling fluids market by base fluid type, application, and geography. In terms of geography, the report is segmented into countries such as the U.S. and Canada. Types of drilling and completion fluid markets include water-based systems, oil-based systems, synthetic-based systems, and others (aerated foam, gaseous agents, and air as a base fluid mixed with various additives). The application areas covered are onshore and offshore areas.
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