HOME Top Market Reports Drilling Fluids (Drilling Mud) Market & Completion Fluids Market: by Types (Water-Based Systems, Oil-Based Systems, Synthetic-Based Systems, Other Based Systems), Application Areas (Onshore and Offshore) & Geography - Forecast to 2018

Drilling Fluids (Drilling Mud) Market & Completion Fluids Market: by Types (Water-Based Systems, Oil-Based Systems, Synthetic-Based Systems, Other Based Systems), Application Areas (Onshore and Offshore) & Geography - Forecast to 2018

By: marketsandmarkets.com
Publishing Date: September 2013
Report Code: EP 2113

 

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Drilling and completion fluids are used in drilling and completion processes of any oil and gas well. These systems in global drilling fluids market serve various purposes, including removal of cuttings from wellbore, to suspend and release cuttings, to counterbalance the formation pressures, to seal permeable formations, to maintain the wellbore stability, to minimize formation damages, to work as a coolant and lubricant for drilling bit, to transmit hydraulic energy to drilling bit, to control corrosion of the equipment, and so on.

The completion and drilling fluids market is driven by the increasing drilling activities and it is expected to be another strong, profitable year for E&P companies around the globe, especially for those focusing on crude oil. The price trend of crude oil and natural gas will support greater liquids and shale exploration in a number of international areas, just like it has been done in North America over the past few decades. The relatively high price also supports large development projects offshore. The drilling fluids market is growing at 7.5% from 2013 to 2018 which directly complements the drilling activities.

The report covers the global drilling fluids market and segments it on the basis of their application areas that include onshore and offshore applications. Secondly, the global drilling and completion fluids market is segmented on the basis of type of base fluids such as water-based systems, oil-based systems, synthetic-based systems, and other systems. Lastly, the market is segmented on the basis of regions such as North America, Asia-Pacific, Europe, Latin America, Africa, Middle East, and Rest of the World (ROW). Each segment has been analyzed with respect to their market trends, growth trends, and future prospects.

Almost 13% of the oil and gas reserves are found in offshore waters. Around 10% of those are found in deep water and around 3% in ultra deep waters. Technological developments coupled with high demand are increasingly putting pressure to increase the depth of wells which in turn results in various damages to the drill bit and pose several challenges. To overcome these challenges, specialized drilling fluids are required. Hence, the critical factors responsible for the growth of the drilling and completion fluids market include growth in drilling activities globally, rise in deep drilling activities onshore and offshore, discoveries of new CBM and shale reserves, and the emergence of nanotechnology. The key concerns in the industry pertain to the environmental impacts and damages to the ecosystem due to discharge of highly toxic chemicals.

Table Of Contents 
 
1 Introduction (Page No. - 22)

  1.1 Key Take-Aways
  1.2 Analyst Insights
  1.3 Market Investment Analysis
  1.4 Report Description
  1.5 Market Definitions
  1.6 Market Segmentation & Market Aspects Covered
  1.7 Stakeholders
  1.8 Research Methodology
      1.8.1 Approach
      1.8.2 Market Size Estimation
      1.8.3 Market Crackdown And Data Triangulation
      1.8.4 Key Data Points Taken From Secondary Sources
      1.8.5 Key Secondary Sources Used
      1.8.6 Key Data Points Taken From Secondary Sources
      1.8.7 Assumptions Made For This Report

2 Executive Summary (Page No. - 37)

3 Market Overview (Page No. - 39)
  3.1 Introduction
  3.2 History & Evolution
  3.3 Market Statistics
      3.3.1 Global Drilling & Completion Fluids Market
      3.3.2 Submarkets
            3.3.2.1 Growth Trend For Different Types Of Base Fluids
            3.3.2.2 Growth Trend For Different Application Areas
            3.3.2.3 Growth Trend For Different Regions
                    3.3.2.3.1 Country-Wise Analysis Of Different Regions
      3.3.3 Related Markets
            3.3.3.1 Global Drilling Waste Management Market

4 Market Analysis (Page No. - 49)
  4.1 Introduction
  4.2 Market Dynamics
      4.2.1 Market Drivers
            4.2.1.1 Growth In Drilling Activities And Increased Oil Production
                    4.2.1.1.1 Increasing Drilling Footage
                    4.2.1.1.2 Oil And Gas Production
            4.2.1.2 Continuous Rise In Global Deep Water Drilling Activities
            4.2.1.3 Technological Developments And Exploration Activities For Shale Gas, Cbm
      4.2.2 Market Restraint
            4.2.2.1 Impact Of Drilling Fluids On The Environment And Surrounding Eco System
      4.2.3 Market Opportunity
            4.2.3.1 Development Of Advanced Drilling Fluids Chemicals
  4.3 Burning Issue
      4.3.1 Shortage Of Mud Engineering Professionals
  4.4 Winning Imperatives
      4.4.1 Mergers & Acquisitions Is The Key In Drilling And Completion Fluids Market
      4.4.2 Technological Innovation
  4.5 Value Chain Analysis
      4.5.1 Raw Material Manufacturers
      4.5.2 Drilling And Completion Fluids Manufacturers
            4.5.2.1 Base Fluids Manufacturers
            4.5.2.2 Additives Manufacturers
            4.5.2.3 Complete Drilling And Complete Fluid Solution Manufacturers
      4.5.3 End Users
  4.6 Porter’s Analysis
      4.6.1 Threat Of New Entrants
      4.6.2 Threat Of Substitutes
      4.6.3 Buyer’s Power
      4.6.4 Supplier’s Power
      4.6.5 Degree Of Competition

5 Drilling & Completion Fluids Market, By Application Areas (Page No. - 76)
  5.1 Industry Overview
  5.2 Market Analysis By Application Areas
      5.2.1 Onshore
            5.2.1.1 Introduction
            5.2.1.2 The Largest Market Application Area
                    5.2.1.2.1 Revenue & Forecast
      5.2.2 Offshore
           5.2.2.1 Introduction
           5.2.2.2 Major Growth Engine Of The Global Market
                   5.2.2.2.1 Revenue & Forecast

6 Drilling & Completion Fluids Market, By Base Fluids Type (Page No. - 85)
  6.1 Introduction
  6.2 Market Analysis
      6.2.1 Revenue & Forecast
      6.2.2 Water-Based Drilling And Completion Fluids
            6.2.2.1 Definition & Description
            6.2.2.2 Single Largest Used Base Fluid Type
      6.2.3 Oil-Based Drilling And Completion Fluids
            6.2.3.1 Definition & Description
            6.2.3.2 Growth Rate Is Achieving Maturity Owing To Stringent Environmental Policies
      6.2.4 Synthetic-Based Drilling And Completion Fluids
            6.2.4.1 Definition & Description
            6.2.4.2 High Potential Market For Fluids Base Type
      6.2.5 Others Based Drilling And Completion Fluids
            6.2.5.1 Definition & Description
            6.2.5.2 Highest Growing Base Fluid Type Market

7 Drilling & Completion Fluids Market, By Geography (Page No. - 99)
  7.1 Introduction
  7.2 Geographic Analysis Of Drilling And Completion Fluids Market
      7.2.1 Revenue & Forecast
  7.3 Regions By Base Fluid Type Analysis
      7.3.1 North America
            7.3.1.1 Industry Trend
            7.3.1.2 Largest Geographic Market For Drilling And Completion Fluids
            7.3.1.3 Country-Wise Analysis
                    7.3.1.3.1 U.S.
            7.3.1.3.2 Canada
      7.3.2 Asia-Pacific
            7.3.2.1 Industry Trend
            7.3.2.2 Second Largest Geographic Market Driven By Major Drilling Activities In China
            7.3.2.3 Country-Wise Analysis
                    7.3.2.3.1 China
                    7.3.2.3.2 Australia
                    7.3.2.3.3 Thailand
                    7.3.2.3.4 India
                    7.3.2.3.5 Indonesia
                    7.3.2.3.6 Others
      7.3.3 Europe
            7.3.3.1 Industry Trend
            7.3.3.2 Market Towards Maturity
            7.3.3.3 Country-Wise Analysis
                    7.3.3.3.1 Russia
                    7.3.3.3.2 Norway
                    7.3.3.3.3 U.K.
                    7.3.3.3.4 Others
      7.3.4 Latin America
            7.3.4.1 Industry Trend
            7.3.4.2 Highly Potential Market Owing To The Rapid Growth Of Mexico And Brazil
            7.3.4.3 Country-Wise Analysis
                    7.3.4.3.1 Mexico
                    7.3.4.3.2 Brazil
                    7.3.4.3.3 Venezuela
                    7.3.4.3.4 Argentina
                    7.3.4.3.5 Others
      7.3.5 Africa
            7.3.5.1 Industry Trend
            7.3.5.2 Exploration Of New Hydrocarbon Reserves Driving The High Growth Of The Region
            7.3.5.3 Country-Wise Analysis
                    7.3.5.3.1 Egypt
                    7.3.5.3.2 Algeria
                    7.3.5.3.3 Angola
                    7.3.5.3.4 Libya
                    7.3.5.3.5 Nigeria
                    7.3.5.3.6 Others
      7.3.6 Middle East
            7.3.6.1 Industry Trend
            7.3.6.2 Small Market Share With Decent Growth Rate
            7.3.6.3 Country-Wise Analysis
                   7.3.6.3.1 Oman
                   7.3.6.3.2 Saudi Arabia
                   7.3.6.3.3 Others
      7.3.7 Rest Of The World
            7.3.7.1 Industry Trend
            7.3.7.2 Market Analysis
  7.4 Regions By Application Areas Analysis
      7.4.1 North America
            7.4.1.1 Market Summary
            7.4.1.2 Onshore Drilling Activities Dominate The Total Market
      7.4.2 Asia-Pacific
            7.4.2.1 Market Summary
            7.4.2.2 Exploration Of New Offshore Gas Reserves Presents Great Opportunity
      7.4.3 Europe
            7.4.3.1 Market Summary
            7.4.3.2 Onshore Market Is The Major Growth Driver Of The Region
      7.4.4 Latin America
            7.4.4.1 Market Overview
            7.4.4.2 Huge Investment For Gom Development Drives Excellent Growth Rate For Offshore Market
      7.4.5 Africa
            7.4.5.1 Market Overview
            7.4.5.2 High Growth Rate For Both Onshore And Offshore Markets
      7.4.6 Middle East
            7.4.6.1 Market Overview
            7.4.6.2 Low Average Drilling Depth Limits The Market Growth
      7.4.7 Rest Of The World
            7.4.7.1 Market Overview
            7.4.7.2 Market Analysis

8 Competitive Landscape (Page No. - 158)
  8.1 Introduction
  8.2 Key Players Of Drilling And Completion Fluids Market
      8.2.1 List Of Key Players
      8.2.2 Key Companies Focus Area
8.2.2.1 Growth Strategies In The Global Drilling And Completion Fluids Market
  8.3 Key To Success Is Mergers & Acquisitions
  8.4 Swot Analysis Of Major Companies
      8.4.1 M-I Swaco
      8.4.2 Halliburton
      8.4.3 Baker Hughes
      8.4.4 Newpark Resources Inc.
      8.4.5 Tetra Technologies Inc.
  8.5 Market Share Analysis And Rankings
      8.5.1 Market Share Scenario
      8.5.2 Market Rankings Of The Industry Players
  8.6 Competitive Situation & Trends
      8.6.1 Mergers & Acquisitions
      8.6.2 Investments & Expansions
      8.6.3 Joint Ventures & Contracts
      8.6.4 New Product Launch

9 Company Profiles (Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*  (Page No. - 182)
  9.1 Akzo Nobel Nv 182
  9.2 Anchor Drilling Fluids Inc.
  9.3 Baker Hughes Inc.
  9.4 Canadian Energy Services
  9.5 Chevron Phillips Chemical Company Llc.
  9.6 Cp Kelco Inc.
  9.7 Geo Drilling Fluids Inc
  9.8 Global Drilling Fluids & Chemicals Ltd.
  9.9 Halliburton Co.
  9.10 Hitech Drilling Fluids Ltd.
  9.11 Imdex Ltd
  9.12 Lamberti Group
  9.13 M-I Swaco
  9.14 New Park Resources Inc.
  9.15 National Oilwell Varco Inc.
  9.16 Scomi Group Bhd
  9.17 Secure Energy Services Inc.
  9.18 Sun Drilling
  9.19 Tetra Technologies Inc.
  9.20 Weatherford International Ltd
*Details On Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured In Case Of Unlisted Companies. 
 
List Of Tables (106 Tables) 
 
Table 1 Historic Investments Made By Leading Industry Players
Table 2 Composition Of Water-Based Drilling Fluids
Table 3 Composition Of Oil & Synthetic-Based Drilling Fluids
Table 4 Functions Of Drilling Fluids And Completion Fluids
Table 5 Global Footage Drilled, By Geography, 2011 – 2013 (Million Feet) 
Table 6 Supply Of Crude Oil, By Geography, 2007 – 2011, Bbl/Day (‘000)
Table 7 Total Offshore Wells Drilled, 2011 – 2012
Table 8 Technically Recoverable Shale Oil Reserves, By Major Countries, 2011 (Billion Bbl)
Table 9 Technically Recoverable Shale Gas Reserves, By Major Countries, 2011 (Tcf)
Table 10 Governmental Drilling And Completion Fluids Discharge Regulations, By Countries
Table 11 Onshore Drilling Activities, By Geography (Million Feet)
Table 12 Offshore Drilling Activities, By Geography (Million Feet)
Table 13 Global Drilling And Completion Fluids Market, By Application Areas, 2011 – 2018 ($Million) 
Table 14 Onshore Drilling And Completion Fluids Market, By Geography, 2011 – 2018 ($Million) 
Table 15 Offshore Drilling Fluids And Completion Fluids Market, By Geography, 2011 – 2018 ($Million) 
Table 16 Classification Of Drilling And Completion Fluids Base
Table 17 Global Drilling And Completions Fluids Market, By Types, 2011 – 2018 ($Million)
Table 18 Water-Based Drilling And Completion Fluids Market, By Geography, 2011 – 2018 ($Million) 
Table 19 Oil-Based Drilling And Completion Fluids Market, By Geography, 2011 – 2018 ($Million) 
Table 20 Synthetic-Based Drilling Fluids And Completion Fluids Market, By Geography, 2011 – 2018 ($Million) 
Table 21 Other Based Drilling And Completion Fluids Market, By Geography, 2011 – 2018 ($Million) 
Table 22 Global Drilling Activities, By Geography, 2011 – 2012 (Million Feet) 
Table 23 Global Drilling And Completion Fluids Market, By Geography, 2011 – 2018 ($Million)
Table 24 North America: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million) 
Table 25 North America: Drilling Fluids And Completion Fluids Market, By Countries, 2011 – 2018 ($Million) 
Table 26 U.S.: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 27 Canada: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 28 Asia-Pacific: Drilling Fluids And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 29 APAC: Drilling Fluids And Completion Fluids Market, By Countries, 2011 – 2018 ($Million)
Table 30 China: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 31 Australia: Drilling Fluids And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 32 Thailand: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 33 India: Drilling Fluids And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 34 Indonesia: Drilling Fluids And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 35 Others: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 36 Europe: Drilling Fluids And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 37 Europe: Drilling Fluids And Completion Fluids Market, By Countries, 2011 – 2018 ($Million) 
Table 38 Russia: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 39 Norway: Drilling Fluids And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 40 U.K.: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 41 Others: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 42 Latin America: Drilling Fluids And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million) 
Table 43 Latin America: Drilling And Completion Fluids Market, By Countries, 2011 – 2018 ($Million) 
Table 44 Mexico: Drilling Fluids And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 45 Brazil: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 46 Venezuela: Drilling Fluids And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 47 Argentina: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 48 Others: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 49 Africa: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 50 Africa: Drilling Fluids And Completion Fluids Market, By Countries, 2011 – 2018 ($Million)
Table 51 Egypt: Drilling Fluids And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 52 Algeria: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 53 Angola: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 54 Libya: Drilling Fluids And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 55 Nigeria: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 56 Others: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 57 Middle East: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 58 Middle East: Drilling Fluids And Completion Fluids Market, By Countries, 2011 – 2018 ($Million) 
Table 59 Oman: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 60 Saudi Arabia: Drilling And Completion Fluids Market, By Base Fluid Type, 2011 – 2018 ($Million)
Table 61 Others: Drilling Fluids And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 62 Row: Drilling And Completion Fluids Market, By Base Fluid Types, 2011 – 2018 ($Million)
Table 63 North America: Drilling And Completion Fluids Market, By Application Areas, 2011 – 2018 ($Million) 
Table 64 Apac: Drilling And Completion Fluids Market, By Application Areas, 2011 – 2018 ($Million)
Table 65 Europe: Drilling And Completion Fluids Market, By Application Areas, 2011 – 2018 ($Million) 
Table 66 Latin America: Drilling And Completion Fluids Market, By Application Areas, 2011 – 2018 ($Million) 
Table 67 Africa: Drilling And Completion Fluids Market, By Application Areas, 2011 – 2018 ($Million) 
Table 68 Middle East: Drilling Fluids And Completion Fluids Market, By Application Areas, 2011 – 2018 ($Million) 
Table 69 Row: Drilling And Completion Fluids Market, By Application Areas, 2011 – 2018 ($Million)
Table 70 Mergers & Acquisitions, 2011 – 2013
Table 71 Investments & Expansions, 2011 – 2013
Table 72 Joint Ventures & Contracts
Table 73 New Product Launch, 2011 – 2013
Table 74 Akzo Nobel: Financial Performance, By Business Segments, 2011 – 2012 ($Billion)
Table 75 Akzo Nobel: Products & Their Applications
Table 76 Anchor Drilling Fluids: Products & Their Functionalities
Table 77 Baker Hughes: Market Revenue, By Business Segments, 2011 – 2012 ($Billion) 
Table 78 Baker Hughes: Products & Their Descriptions/Applications
Table 79 Canadian Energy Services: Market Revenue, By Business Segments, 2011 – 2012 ($Million)
Table 80 Canadian Energy Services: Products & Their Descriptions/Applications
Table 81 Chevron Phillips Chemical: Products & Their Descriptions/Applications
Table 82 Cp Kelco: Products & Their Applications/Specifications
Table 83 Geo Drilling Fluids: Products & Their Descriptions/Applications
Table 84 Global Drilling Fluids: Drilling Fluid Additives
Table 85 Halliburton: Market Revenue, By Business Segments, 2011 – 2012 ($Billion) 
Table 86 Halliburton: Market Revenue, By Geography, 2011 – 2012 ($Billion) 
Table 87 Halliburton: Drilling Fluids Products And Their Applications
Table 88 Hitech: Products & Their Descriptions/Applications
Table 89 Imdex: Market Revenue, By Business Segments, 2011 – 2012 ($Million) 
Table 90 Imdex Ltd.: Market Revenue, By Geography, 2011 – 2012 ($Million) 
Table 91 Imdex: Products & Their Descriptions/Applications
Table 92 Lamberti: Products & Their Applications
Table 93 M-I Swaco: Products & Their Descriptions/Applications
Table 94 Newpark Resources: Market Revenue, By Business Segments, 2011 – 2012 ($Million)
Table 95 Newpark: Products & Their Descriptions/Applications
Table 96 Nov: Market Revenue, By Business Segments, 2011 – 2012 ($Million) 
Table 97 Nov: Products & Their Applications
Table 98 Scomi: Water-Based Drilling Fluids & Their Descriptions/Applications
Table 99 Scomi: Non-Aqueous Drilling Fluids & Their Descriptions/Applications
Table 100 Scomi: Other Products & Their Descriptions/Applications
Table 101 Secure Energy Services: Products & Their Descriptions
Table 102 Sun Drilling: Products & Their Descriptions/Applications
Table 103 Tetra Technologies: Market Revenue, By Business Segments, 2011 – 2012 ($Million)
Table 104 Tetra Technologies: Products & Their Descriptions/Applications
Table 105 Weatherford: Market Revenue, By Business Segments, 2011 – 2012 ($Billion) 
Table 106 Weatherford: Products/Services & Their Descriptions/Applications 
  
List Of Figures (48 Figures) 
 
Figure 1 Research Methodology
Figure 2 Data Triangulation Methodology
Figure 3 Global Drilling And Completion Fluids Market, By Geography, 2011 – 2018 ($Million)
Figure 4 Market Overview: Tree Structure
Figure 5 Drilling And Completion Fluids Industry: History & Evolution
Figure 6 Global Drilling And Completion Fluids Market Revenue, 2010 – 2018 ($Million) 
Figure 7 Base Fluids Types: Market Revenue, 2011 – 2018 ($Million)
Figure 8 Growth Of The Market In Application Areas, By Geography, 2013 – 2018
Figure 9 Global Drilling Fluids And Completion Market: Scenario Of Different Regions, 2013
Figure 10 Global Drilling And Completion Fluids Market Revenue, By Major Countries Of Each Geography, 2013 ($Million) 
Figure 11 Global Drilling Waste Management Market, 2011 – 2018 ($Million) 
Figure 12 Change In Crude Oil Production, 2007 – 2011, Bbl/Day (‘000)
Figure 13 Flow Through Echelons
Figure 14 Drilling And Completion Fluids Market: Value Chain Analysis
Figure 15 Porter’s Five Forces Analysis
Figure 16 Global Drilling Fluids: Market Share, By Application Areas, 2013
Figure 17 Drilling And Completion Fluids Components
Figure 18 Global Drilling And Completion Fluids Market: By Types, 2013
Figure 19 Global Drilling Fluids Market Share, By Geography, 2013
Figure 20 Trend Of North American Drilling Activities, By Countries, 2011 – 2012 (Million Feet)
Figure 21 Trend Of Asia-Pacific Drilling Activities, By Countries, 2011 – 2012 (Million Feet) 
Figure 22 Trend Of European Drilling Activities, By Countries, 2011 – 2012 (Million Feet) 
Figure 23 Trend Of Latin American Drilling Activities, By Countries, 2011 – 2012 (Million Feet)
Figure 24 Trend Of African Drilling Activities, By Countries, 2011 – 2012 (Million Feet) 
Figure 25 Trend Of Middle East Drilling Activities, By Countries, 2011 – 2012 (Million Feet) 
Figure 26 Drilling And Completion Fluids Market Growth Strategies, 2011 – 2013
Figure 27 M-I Swaco: Swot Analysis
Figure 28 Halliburton: Swot Analysis
Figure 29 Baker Hughes: Swot Analysis
Figure 30 Newpark: Swot Analysis
Figure 31 Tetra Technologies: Swot Analysis
Figure 32 Drilling Fluids Market Share: Top 5 Companies Vs Others, 2012
Figure 33 Market Share Analysis: By Company, 2012
Figure 34 Mergers & Acquisitions, 2011 – 2013
Figure 35 Investments & Expansions, 2011 – 2013
Figure 36 Joint Ventures & Contracts
Figure 37 New Product Launch, 2011 – 2013
Figure 38 Akzo Nobel: Business Revenue Mix, 2012
Figure 39 Baker Hughes: Business Revenue Mix, 2012
Figure 40 Canadian Energy Services: Business Revenue Mix, 2012
Figure 41 Halliburton: Business Revenue Mix, 2012
Figure 42 Halliburton: Geographic Revenue Mix, 2012
Figure 43 Imdex: Business Revenue Mix, 2012
Figure 44 Imdex: Geographic Revenue Mix, 2012
Figure 45 Newpark: Business Revenue Mix, 2012
Figure 46 Nov: Business Revenue Mix, 2012
Figure 47 Tetra Technologies: Business Revenue Mix, 2012
Figure 48 Weatherford: Business Revenue Mix, 2012 

Drilling fluids and completion fluids are critical for any drilling and exploration activity carried onshore or offshore. They are used extensively worldwide at drilling sites for cooling the wellbore, remove the rock cuttings, and transport them to the surface. The high world energy demand and rise in population are forcing to drill as deep as possible and in challenging geological conditions. The shale boom in North America and other regions have again fueled the growth of drilling and completion fluids. The largest application area for completion and drilling fluids market is the onshore application as most of the drilling activities are carried onshore. The major countries for the drilling and completion fluids market are U.S., Canada, and Russia where most of the drilling activities are taking place.

Shale Boom: Driver of drilling fluids and completion fluids market
Global drilling fluids market is witnessing a decent growth based on the rising world energy demand, shale boom, and deep water drilling activities. The biggest markets for drilling and completion fluids are North America, Asia-Pacific, and Europe. The shale boom is driving the demand for drilling and completion fluids in these regions along with deep water drilling activities.

DRILLING FLUIDS AND COMPLETION FLUIDS: MARKET SHARE, BY GEOGRAPHY, 2013

Drilling and Completion Fluids Market

Source: MarketsandMarkets Analysis

M-I SWACO (U.S.), Halliburton (U.S.), Baker Hughes (U.S.), Newpark Drilling (U.S.), Tetra Technologies Inc. (U.S.), and Anchor Drilling (U.S.) are the major players constituting major share of the global drilling fluids market.

Mergers & Acquisitions: Key strategy
Most of these companies mainly relied on growth strategies such as new product launch, joint ventures & contracts, mergers & acquisitions, and investments & expansions in diversified geographic areas. The capital expenditure and operating expenditure of the oil and gas industry are very huge in terms of value. To increase their geographic presence and market penetration, companies preferred merger and acquisition.

New product launches and investments & expansion are the key strategies that are helping the companies to penetrate the existing market, and expand into the new and emerging markets.

Major components of completion fluids and drilling fluids market include water-based systems, oil-based systems, synthetic-based systems, and other based systems. Water-based system is the largest type in terms of revenue, generating more than half of the revenue.

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