Market Research Reports

Drilling Fluids (Oil-Based Fluids, Synthetic-Based Fluids and Water-Based Fluids) for Oil and Gas (Offshore & Onshore) Market - Global Industry Analysis, Size Share, Growth, Trends and Forecast, 2012 - 2018

79pages
Published Date: 2013-07-17
 

Description




Ever-increasing drilling activities coupled with a shift towards developing deep sea reserves across the world is expected to drive the global market for drilling fluids. Nanotechnology holds the future of drilling fluids as investment continues to grow in developing drilling fluids using nanotechnology.  

This report analyzes, estimates and forecasts the global drilling fluids market in terms of revenue (USD million) from 2011 to 2018. In addition, the report analyzes major factors which have been and are expected to drive and restrain the global and regional market for drilling fluids while highlighting opportunities for the market over the forecast period.

The study segments the market on the basis of products (WBFs, OBFs and SBFs) and further segments and analyzes each product based on their geography from 2011 to 2018. The report covers analysis, estimates and forecast of drilling fluids demand in major regions including North America, Europe, Asia Pacific, Middle East and Africa and Central and South America.

The study offers a value chain analysis, providing a comprehensive view of major players in the drilling fluids market and analyzes market competition using Porter’s Five Force Model. The study covers company market share analysis for major players operating in the market. Anchor Drilling, Baker Hughes, Canadian Energy Services, China Oilfield, Halliburton, Newpark Drilling Fluids, Schlumberger and Weatherford International are some of the companies profiled in the report. 

This report segments the global drilling fluids market as follows:
  • Drilling Fluids Market: Product Segment Analysis
    • Oil Based Fluids (OBFs)
    • Synthetic Based Fluids (SBFs)
    • Water Based Fluids (WBFs)
  • Drilling Fluids Market: Application Analysis
    • Offshore Oil and Gas
    • Onshore Oil and Gas
  • Drilling Fluids Market: Regional Analysis
    • North America
    • Europe
    • Middle East and Africa
    • Asia Pacific
    • Central and South America

Table of Contents




Table of Content

Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research methodology
1.4 List of abbreviation

Chapter 2 Executive Summary
2.1 Global drilling fluids market snapshot

Chapter 3 Drilling Fluids: Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market Drivers
       3.3.1 Increasing oil drilling activities worldwide
       3.3.2 Focus towards developing deep sea reserves and implementing horizontal drilling
       3.3.3 Increasing exploration of shale gas, CBM and other unconventional resources
3.4 Restraints
       3.4.1 Growing environmental concerns regarding the use and disposal of drilling fluids
       3.4.2 Geopolitical issues
3.5 Opportunities
       3.5.1 Emergence of nanotechnology for developing drilling fluids
3.6 Porter’s five forces analysis
       3.6.1 Bargaining power of suppliers
       3.6.2 Bargaining power of buyers
       3.6.3 Threat of new entrants
       3.6.4 Threat of substitutes
       3.6.5 Degree of competition
3.7 Drilling fluids: Market attractiveness analysis
3.8 Drilling Fluids: Company market share analysis, 2012

Chapter 4 Drilling Fluids: Product Segment Analysis
4.1 Global drilling fluids market, product overview
       4.1.1 Global drilling fluids market share by product 2011 and 2018
4.2 Global drilling fluids market, by product
       4.2.1 Oil-based fluids (OBFs)
                4.2.1.1 Global market estimates and forecast for oil-based fluids, 2011 - 2018 (USD Million)
       4.2.2 Synthetic-based fluids (SBFs)
                4.2.2.1 Global market estimates and forecast for synthetic-based fluids, 2011 - 2018 (USD Million)
       4.2.3 Water-based fluids (WBF)
                4.2.3.1 Global estimates and forecast for water-based fluids, 2011 - 2018 (USD Million)

Chapter 5 Drilling Fluids: Application Segment Analysis
5.1 Global drilling fluids market: Application overview
       5.1.1 Global drilling fluids market revenue share, by application, 2011-2018
5.2 Global drilling fluids market, by application
       5.2.1 Offshore oil and gas
               5.2.1.1 Global demand for drilling fluids from offshore oil and gas, 2011-2018 (USD Million)
       5.2.2 Onshore Oil and Gas
                5.2.2.1 Global demand for drilling fluids from onshore oil and gas, 2011-2018 (USD Million)

Chapter 6 Drilling Fluids: Regional Analysis
6.1 Drilling fluids market: Regional overview
       6.1.1 Global drilling fluids market revenue share by region, 2011 and 2018
6.2 Global drilling fluids market, by region
       6.2.1 North America
                6.2.1.1 North America drilling fluids market estimates and forecast, 2011-2018(USD Million)
                6.2.1.2 North America drilling fluids market, by product, 2011-2018 (USD Million)
                6.2.1.3 North America drilling fluids market, by application 2011-2018 (USD Million)
       6.2.2 Europe
                6.2.2.1 Europe drilling fluids market estimates and forecast, 2011-2018(USD Million)
                6.2.2.2 Europe drilling fluids market, by product 2011-2018 (USD Million)
                6.2.2.3 Europe drilling fluids market, by application 2011-2018 (USD Million)
       6.2.3 Middle East and Africa
                6.2.3.1 Middle East and Africa drilling fluids market estimates and forecast, 2011-2018(USD Million)
                6.2.3.2 Middle East and Africa drilling fluids market, by product 2011-2018 (USD Million)
                6.2.3.3 Middle East and Africa drilling fluids market, by application 2011-2018 (USD Million)
       6.2.4 Asia Pacific
               6.2.4.1 Asia Pacific drilling fluids market estimates and forecast, 2011-2018(USD Million)
               6.2.4.2 Asia Pacific drilling fluids market, by product 2011-2018 (USD Million)
               6.2.4.3 Asia Pacific drilling fluids market, by application 2011-2018 (USD Million)
       6.2.5 Central and South America
               6.2.5.1 Central and South America drilling fluids market estimates and forecast, 2011-2018(USD Million)
               6.2.5.2 Central and South America drilling fluids market, by product 2011-2018 (USD Million)
               6.2.5.3 Central and South America drilling fluids market, by application 2011-2018 (USD Million)

Chapter 7 Company Profiles
7.1 Schlumberger Technology Corporation
       7.1.1 Company overview
       7.1.2 Financial overview
       7.1.3 Business strategies
       7.1.4 SWOT analysis
       7.1.5 Recent developments
7.2 Halliburton Company
       7.2.1 Company overview
       7.2.2 Financial overview
       7.2.3 Business strategies
       7.2.4 SWOT analysis
       7.2.5 Recent developments
7.3 Baker Hughes Incorporated
       7.3.1 Company overview
       7.3.2 Financial overview
       7.3.3 Business strategies
       7.3.4 SWOT analysis
       7.3.5 Recent developments
7.4 Newpark Resources Inc.
       7.4.1 Company overview
       7.4.2 Financial overview
       7.4.3 Business strategies
       7.4.4 SWOT analysis
       7.4.5 Recent developments
7.5 Weatherford International
       7.5.1 Company overview
       7.5.2 Financial overview
       7.5.3 Business strategies
       7.5.4 SWOT analysis
       7.5.5 Recent developments
7.6 Canadian Energy Services &Technology Corp.
       7.6.1 Company overview
       7.6.2 Financial overview
       7.6.3 Business strategies
       7.6.4 SWOT analysis
       7.6.5 Recent developments
7.7 China Oilfield Services Limited
       7.7.1 Company overview
       7.7.2 Financial overview
       7.7.3 Business strategies
       7.7.4 SWOT analysis
7.8 Anchor Drilling Fluids USA Inc.
       7.8.1 Company overview
       7.8.2 Business strategies
       7.8.3 SWOT analysis
       7.8.4 Recent developments
7.9 National Oilwell Varco
       7.9.1 Company overview
       7.9.2 Financial overview
       7.9.3 Business strategies
       7.9.4 SWOT analysis

List of Figures 

FIG. 1 Drilling fluids: Market segmentation
FIG. 2 Global drilling fluids market estimates and forecast, 2011 - 2018 (USD million)
FIG. 3 Value chain analysis
FIG. 5 Global rig count share, by geographic region, 2012
FIG. 6 Global offshore drilling expenditure, 2008 - 2012 (USD billion)
FIG. 7 Top ten countries with technically recoverable shale gas resources, 2012 (trillion cubic feet)
FIG. 8 Annual Barnett shale natural gas production share, by well type, 2008 - 2012
FIG. 9 Porter’s five forces analysis
FIG. 10 Drilling fluids: Market attractiveness analysis, 2012
FIG. 11 Drillings Fluids: Company market share analysis, 2012
FIG. 12 Global drilling fluids market revenue share by product, 2011 and 2018
FIG. 13 Global market estimates and forecast for oil-based fluids,  2011 - 2018 (USD Million)
FIG. 14 Global market estimates and forecast for synthetic-based fluids, 2011 - 2018 (USD Million)
FIG. 15 Global market estimates and forecast for water-based fluids, 2011 - 2018 (USD Million)
FIG. 16 Global drilling fluids market revenue share by application, 2011 and 2018
FIG. 17 Global demand for drilling fluids from offshore oil and gas, 2011 – 2018 (USD Million)
FIG. 18 Global demand for drilling fluids from onshore oil and gas, 2011 – 2018 (USD Million)
FIG. 19 Global drilling fluids market revenue share by region, 2011 and 2018
FIG. 20 North America drilling fluids market estimates and forecast, 2011 - 2018 (USD Million)
FIG. 21 Europe drilling fluids market estimates and forecast, 2011 - 2018 (USD Million)
FIG. 22 Middle East and Africa drilling fluids market estimates and forecast, 2011-2018 (USD Million)
FIG. 23 Asia Pacific drilling fluids market estimates and forecast, 2011-2018 (USD Million)
FIG. 24 Central and South America drilling fluids market estimates and forecast, 2011-2018 (USD Million)

List of Tables

TABLE 1 Global drilling fluids market snapshot 
TABLE 2 Comparative analysis between various types of drilling fluids 
TABLE 3 Typical composition of water based fluids 
TABLE 4 Typical composition of oil based drilling fluids 
TABLE 5 Drivers for drilling fluids market: Impact analysis 
TABLE 6 Restraints of drilling fluids market: Impact analysis 
TABLE 7 Toxicity grades of drilling fluids 
TABLE 8 North America drilling fluids market, by product, 2011-2018 (USD Million) 
TABLE 9 North America drilling fluids market, by application 2011-2018 (USD Million) 
TABLE 10 Europe drilling fluids market, by product 2011-2018 (USD Million) 
TABLE 11 Europe drilling fluids market, by application 2011-2018 (USD Million) 
TABLE 12 Middle East and Africa drilling fluids market, by product 2011-2018 (USD Million) 
TABLE 13 Middle East and Africa drilling fluids market, by application 2011-2018 (USD Million) 
TABLE 14 Asia Pacific drilling fluids market, by product 2011-2018 (USD Million) 
TABLE 15 Asia Pacific drilling fluids market, by application 2011-2018 (USD Million) 
TABLE 16 Central and South America drilling fluids market, by product 2011-2018 (USD Million) 
TABLE 17 Central and South America drilling fluids market, by application 2011-2018 (USD Million) 

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Free Market Analysis




Drilling fluids also known as drilling mud play a crucial role in the drilling process for oil and gas extraction, mineral extraction and bore wells. These fluids are used to remove cuttings and rock fragments, lubricate and cool drilling bits, control formation pressure and maintain stability of the well. In addition, drilling fluids also function as corrosion inhibitors, shale inhibitors, filtration reducers, defoamers, emulsifiers, breakers, biocides and weighting agents, with specific additives. Drilling fluids are classified as
  • Water-based fluids
  • Oil-based fluids
  • Synthetic-based fluids
Owing to depleting onshore reserves the industry is shifting its focus towards developing deep water reserves. This increases the overall cost and prompts the use of more drilling fluids which in turn generates higher revenue for drilling fluid manufacturers. Growing exploration of shale gas and other unconventional gases is also expected to drive the global drilling fluid market. Increasing environmental concerns regarding the consumption and disposal of drilling fluids coupled with geopolitical issues in major oil producing countries is expected to hinder market growth over the forecast period. 

Major means of distribution of drilling fluids is contract supply; fluid manufacturers generally have to fill tenders to win a contract for fluid supply and related services for major oil companies such as Shell, Chevron and more. Once the contract is awarded, fluid manufacturers supply drilling fluids, onsite technical support and related services to these oil and gas companies.

WBFs (water based fluids) lead the drilling fluids market and globally accounted for more than 56.5% of the total market in 2012. WBFs are considered to have the least toxicity among drilling fluids and find extensive use in offshore oil and gas drilling. WBFs are also expected to be the fastest growing, at an estimated CAGR of 8.5% from 2012 to 2018. OBFs (Oil-Based Fluids) on the other hand have operational efficiency but carry high risk of causing environmental hazards, owing to which the industry is shifting focus towards SBFs (Synthetic-Based Fluids) which have less toxicity and offer better operational efficiency. 

The increasing onshore drilling activities in the Middle East, North America and Asia Pacific are expected to drive the demand for drilling fluids in onshore reserves. Onshore oil and gas dominated the drilling fluids market and accounted for 70.8% of the total demand in 2012. Moreover, presence of large natural resources in the “Golden Triangle” (Gulf of Mexico, offshore Brazil and offshore West Africa) is leading to high investment in the regions, which is further expected to drive the drilling fluids market over the forecast period. U.S. Gulf of Mexico, offshore Brazil and offshore West Africa accounted for approximately 85% of the total investment made in developing offshore oil and gas reserves in 2012. 

North America emerged as the leading market for drilling fluids and accounted for over 56.1% of the global market in 2012. Developing shale gas exploration in U.S. and Canada is expected to drive the market for drilling fluids over the forecast period. Central and South America is expected to be the fastest growing market for drilling fluids at a CAGR of 9.5% from 2012 to 2018. Growing drilling activities in offshore Brazil and Venezuela is expected to drive the market for drilling fluids in the region. Government support in India and China is expected to boost the drilling fluids market in Asia Pacific. 

The global market for drilling fluids is highly concentrated dominated by companies such as Schlumberger, Halliburton, Baker Hughes and Newpark. Some other companies operating in the global market include Anchor Drilling Fluids, Canadian Energy Services, China Oilfield Services Limited, National Oilwell Varco and Weatherford International among others. 

global-drilling-fluids-market-revenue-share-by-region-2011-and-2018
 

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