Key players in Latin America Drilling Fluid And Completion Fluid Market include Halliburton (U.S.) and Baker Hughes (U.S.).
(PRWEB) April 08, 2015
The Latin America drilling fluid and completion fluid market report defines and segments the concerned market with analysis and forecast. The drilling fluid and completion fluid market in Latin America was valued at $1,015.8 million in 2014, and is projected to reach $1,398.7 million by 2019, at a CAGR of 6.6% from 2014 to 2019.
Browse through the TOC of Latin America drilling fluid and completion fluid market for an analysis of industry trends and segments, with the help of various tables and figures.
Increasing energy demand and discoveries of new coalbed methane, and shale reserves are augmenting the rapid growth in drilling activities, especially in the deep and ultra-deep waters. Rise in oilfield discoveries and drilling activities have positively impacted the drilling fluid and completion fluid market. Among all the above mentioned factors, growth in offshore exploration activities is also driving the drilling fluid and completion fluid market in Latin America.
The drilling fluid and completion fluid market is segmented on the basis of type, application, and geography. According to type, the market is segmented into water-based, oil-based, and synthetic-based among others. With respect to application, this market is classified into offshore and onshore operations. The market is further segmented into countries, such as the Mexico, Brazil, Venezuela, and Argentina others.
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This report includes market share, value chain analysis, and market metrics such as drivers and restraints. In addition to this, it also presents competitive landscape and company profiles of key players thriving in the drilling fluid and completion fluid market in Latin America.
Europe Drilling and Completion Fluids Market
The European drilling fluid 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 fluid and completion fluid accounted for around $810 million in 2013.
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