Dublin, Jan. 28, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/chtcvn/global_drilling) has announced the addition of the "Global Drilling and Completion Fluids Market 2015-2019" report to their offering.
Drilling and completion fluids are fluids used in drilling activities to perform various functions. Drilling fluids, also referred to as drilling mud, is a composite fluid that is a mixture of chemical, water, and clays. Sometimes, oil is used instead of water to obtain desirable properties.
These fluids, essentially used to cool and clean drill bits, reduce friction, maintain wellbore stability, lubricate and reduce friction, seal pores and openings in formation while drilling, and control formation pressures. After the initial drilling of the well, completion fluids, which are primarily brines, are pumped down the hole to conduct further operations. They primarily serve to reduce formation pressures and formation damage, and circulate and transport solids.
The analysts forecast the Global Drilling and Completion Fluids market to grow at a CAGR of 8.02 percent over the period 2014-2019.
The report, the Global Drilling and Completion Fluids Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, the APAC region, Europe, the MEA region, and Latin America; it also covers the Global Drilling and Completion Fluids market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
An increase in the incorporation of nanofluids is one key trend emerging in the market. Nanofluids will lend additional functional properties to drilling and completion fluids and enhance their technical performance, resulting in increased efficiency and effectiveness of these fluids.
According to the report, one of the main drivers in this market is the increase in exploration and drilling activities. An increased need for energy and the growth in the global population have resulted in greater demand for oil and gas, resulting in more exploration and drilling activities.
Further, the report states that one of the major challenges confronting the market is the lost circulation of drilling and completion fluids because of naturally occurring fractures in the reservoirs, causing serious complications during drilling of wells. It reduces the hydrostatic pressure, which allows gas to flow to the wellbore, and increases the risk of explosions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
05. Introduction
06. Market Landscape
07. Market Segmentation by Base Type
08. Market Segmentation by Application
09. Geographical Segmentation
10. Key Leading Countries
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of Drivers and Challenges
16. Market Trends
17. Trends and their Impact
18. Vendor Landscape
19. Key Vendor Analysis
20. Other Prominent Vendors
21. Other Reports in this Series
Companies Mentioned:
- Akzo Nobel
- Baker Hughes
- Calumet Specialty Products
- Canadian Energy Services
- Chevron Phillips Chemical Company
- Cp Kelco
- Geo Drilling Fluids
- Global Drilling Fluids & Chemicals
- Halliburton
- Hitech Drilling Fluids
- Imdex
- Lamberti Group
- National Oilwell Varco
- New Park Resources
- Newpark Resources
- Schlumberger
- Scomi Group
- Secure Energy Services
- Tetra Technologies
- Tetra Technologies
- Weatherford
For more information visit http://www.researchandmarkets.com/research/chtcvn/global_drilling