North America Drilling & Completion Fluids Market 2018-2023 - Segmented by Fluid Type, Deployment, and Geography - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 7, 2018--The “North America Drilling & Completion Fluids Market - Segmented by Fluid Type, Deployment, and Geography - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The North American drilling and completion fluids market was valued USD 4.78 billion in 2016, and is expected to witness robust growth during the forecast period of 2018-2023.
Over the past decade, the North American region, particularly the United States and Canada, have experienced impressive growth in terms of unconventional fossil fuel production, particularly shale reserves, tight oil, and oil sands. Technologies, such as hydraulic fracturing and horizontal directional drilling (HDD), have helped the North American region to sustain the global oil prices downturn, starting mid-2014. Despite the lower oil prices scenarios beginning mid-2014, the quest for unconventional reserve production in the United States has resulted in the drilling of more wells.
The US shale producers have drilled at record rates over the past 18 months, increasing from 491 wells in May 2016 to 1246 wells in January 2018, thus driving an increased demand for specialized drilling & completion fluids in the region. Factors, such as an increased investment to harness the unconventional reserves, coupled with rising deepwater and ultra-deepwater exploration and production (E&P) activities in the Gulf of Mexico (GOM) region amid oil prices rebound to a sustainable level since mid-2014, is expected to supplement the demand during the forecast period.
Key Developments in the MarketW&T Offshore announced plans to drill up to 14 projects in the Gulf of Mexico. The fourth Transocean ultra-deepwater drillship was on duty for Shell, in the Gulf of Mexico.
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Market Dynamics
5. Supply Chain Analysis
6. Industry Attractiveness - Porter’s Five Forces Analysis
7. Market Segmentation and Analysis (Overview, Market Size, and Demand Forecast until 2023)
8. Regional Market Analysis (Overview, Market Size, and Demand Forecast until 2023)
9. Key Company AnalysisSchlumberger Limited Baker Hughes (A GE Company) Halliburton Company CES Energy Solutions Corp. National-Oilwell Varco Inc. Tetra Technologies Inc. Anchor Drilling Fluids USA Inc. (A QMax Company) Newpark Resources Inc. Chevron Phillips Chemical Company LLC Geo Drilling Fluids Inc. Trican Well Service Ltd
For more information about this report visit https://www.researchandmarkets.com/research/hwn8kp/north_america?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181107005562/en/
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Related Topics:Oilfield Equipment and Services
KEYWORD: NORTH AMERICA
INDUSTRY KEYWORD: ENERGY OIL/GAS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/07/2018 09:38 AM/DISC: 11/07/2018 09:38 AM