Key players in Middle East Drilling and Completion Fluids Market include Schlumberger, Baker Hughes and Halliburton.
(PRWEB) April 21, 2015
The Middle East Drilling and Completion Fluids Market report defines and segments the market in the Middle East with analysis and forecast of revenue. The drilling and completion fluids market in the Middle East is estimated to grow from $598.5 million in 2014 to $771.8 million by 2019, at a CAGR of 5.2% from 2014 to 2019.
Browse through the TOC of Middle East Drilling and Completion Fluids Market for an analysis of industry trends, segments and forecasts. http://www.micromarketmonitor.com/market/middle-east-drilling-fluid-completion-fluid-3201014125.html
The increasing energy demand, rise in population, and discovery of new shale reserves are putting pressure to drill at greater depths and in deep and ultra deepwater locations. 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 fluids market. These factors have been the major drivers of this market. The price trend of crude oil and natural gas will support remote offshore sites and shale exploration.
The Middle East holds the largest oil & gas reserves across the globe. Due to the increasing demand for oil & gas, the pressure to perform enhanced oil recovery has increased tremendously in the region, driving the drilling and completion fluids market.
This market has been segmented and forecast on the basis of type, application, and geography. The market has been segmented on the basis of type into water-based, oil-based, synthetic-based, and others. The market by application has been categorized into offshore and onshore operations. The market has been further segmented and forecast on the basis of major countries, such as Oman and Saudi Arabia.
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This report also includes the market share 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 fluids.
North America Drilling and Completion Fluids Market
Increasing 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 fluids market in North America. This market is expected to grow at a CAGR of 4.2% during the forecast period.
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