Middle East Drilling and Completion Fluids Market is Estimated to Reach $771.8 Million in 2019 - A Report by MicroMarket Monitor
(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.
Make an inquiry @
http://www.micromarketmonitor.com/contact/3201014125-inquery_before_buy.html
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.
Speak to Analyst @
http://www.micromarketmonitor.com/contact/3201014125-speak_to_analyst.html
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.
Related Report:
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.
http://www.micromarketmonitor.com/market/north-america-drilling-fluid-completion-fluid-2200133703.html
Report Subscription:
MicroMarket Monitor produces exclusive market research reports, based on real-time data to provide better understanding of the dynamic market conditions of the Oil & Gas industry. The reports offer in-depth and complete analysis of the regional and country level marketplaces. The research reports for Oil & Gas industry are updated on quarterly basis and are easily available for purchase through annual subscriptions.
http://www.micromarketmonitor.com/offerings/subscription
About MicroMarket Monitor:
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
Contact:
Mr. Chandrasekhar K.
5601 Bridge Street
Suite 300
Fort Worth, TX 76112
Tel: +1-888-502-0539
Email: sales(at)micromarketmonitor(dot)com
Connect with us on LinkedIn at http://www.linkedin.com/company/micromarketmonitor.
Mr. Chandrasekhar K., MicroMarket Monitor, http://www.micromarketmonitor.com/, +91 9881155004, [email protected]
Share this article