Market Research Reports

North America Drilling Fluids Market (WBF, OBF and SBF) by Application (Onshore and Offshore) - Industry Analysis, Size Share, Growth, Trends and Forecast 2012 - 2019

74pages
Published Date: 2014-05-12
 

Description


Drilling fluids play an important role in the drilling process for bore wells, mineral extraction and oil and gas extraction. These fluids, also known as drilling mud are used to carry rock cuttings to the surface, and lubricate and cool the drill bits and also maintain stability of the well. In addition, drilling fluids also function as biocides and weighing agents, emulsifiers, defoamers, filtration reducers, shale inhibitors, corrosion inhibitors, with specific additives. Drilling fluids are classified as OBF, WBF and SBF. These drilling fluids are used in water bore wells, in oil and gas extraction or metal and mineral extraction.

This research is designed to estimate, analyze, and forecast market revenue of drilling fluids across the North America market. The research provides in-depth analysis of the market size of drilling fluids, in terms of revenue. The report covers key applications and product segments of the drilling fluids market. It also provides detailed analysis, historical data and statistically refined forecast for the segments covered. 

The market size for drilling fluids has been estimated on the basis of indicators in product segments. This report also discusses various applications of drilling fluids. The major applications considered under the drilling fluids market cover the onshore and offshore oil and gas applications. The key product segments analyzed in this report include Water based fluids (WBFs), Oil based fluids (OBFs) and Synthetic based fluids (SBFs). Furthermore, the market is analyzed based on geography that constitutes countries such as the U.S., Canada and Mexico.

The price for drilling fluid is volatile in nature and changes depending upon the application and product type. There is slight reduction in per product profit margin; however, the overall profit margins are increasing as the demand for drilling fluids is expected to continue increasing at a tremendous rate. The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the drilling fluids market as below:
  • North America Drilling Fluids Market: Application Analysis
    • Onshore Oil and Gas
    • Offshore Oil and Gas
  • North America Drilling Fluids Market: Product Segment Analysis
    • Oil Based Fluids (OBFs)
    • Synthetic Based Fluids (SBFs)
    • Water Based Fluids (WBFs)
  • North America Drilling Fluids Market: Country Analysis
    • U.S.
    • Canada
    • Mexico

Table of Contents


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 North American drilling fluids: Market snapshot

Chapter 3 North America Drilling Fluids: Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market Drivers
      3.3.1 Increasing oil drilling activities in North America
      3.3.2 Focus on 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
3.5 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 North America Drilling fluids: Market attractiveness analysis
3.8 North America Drilling Fluids: Company market share analysis, 2012

Chapter 4 Drilling Fluids: Product Segment Analysis
4.1 North America drilling fluids market: Product overview
      4.1.1 North America drilling fluids market revenue share, by product segment, 2012 and 2019
4.2 Oil-based fluids (OBFs)
      4.2.1 North America market estimates and forecast for oil-based fluids, 2012 - 2019 (USD Million)
4.3 Synthetic-based fluids (SBFs)
      4.3.1 North America market estimates and forecast for synthetic-based fluids, 2012 - 2019 (USD Million)
4.4 Water-based fluids (WBF)
      4.4.1 North America estimates and forecast for water-based fluids, 2012 - 2019 (USD Million)

Chapter 5 Drilling Fluids: Application Segment Analysis
5.1 North America drilling fluids market: Application overview
      5.1.1 North America drilling fluids market revenue share, by application, 2012 & 2019
5.2 Offshore oil and gas
      5.2.1 North America demand for drilling fluids from offshore oil and gas, 2012-2019 (USD Million)
5.3 Onshore Oil and Gas
      5.3.1 North America demand for drilling fluids from onshore oil and gas, 2012-2019 (USD Million)

Chapter 6 North American Drilling Fluids: Country Analysis
6.1 North America Drilling Fluids Market: Country Overview
      6.1.1 North America drilling fluids market revenue share, by country, 2012 & 2019
6.2 U.S.
      6.2.1 U.S. drilling fluids market estimates and forecast, 2012 - 2019 (USD Million)
      6.2.2 U.S. drilling fluids market estimates and forecast, by product segment, 2012 - 2019 (USD Million)
      6.2.3 U.S .drilling fluids market estimates and forecast, by application 2012 - 2019 (USD Million)
6.3 Canada
      6.3.1 Canada drilling fluids market estimates and forecast, 2012 - 2019 (USD Million)
      6.3.2 Canada drilling fluids market estimates and forecast, by product segment, 2012 - 2019 (USD Million)
      6.3.3 Canada drilling fluids market estimates and forecast, by application, 2012 - 2019 (USD Million)
6.4 Mexico
      6.4.1 Mexico drilling fluids market estimates and forecast, 2012 - 2019 (USD Million)
      6.4.2 Mexico drilling fluids market estimates and forecast, by product segment, 2012 - 2019 (USD Million)
      6.4.3 Mexico drilling fluids market estimates and forecast, by application 2012 - 2019 (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 Ltd.
      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 North America Drilling fluids: Market segmentation
FIG. 2 North America drilling fluids market estimates and forecast, 2012 - 2019 (USD million) 
FIG. 3 Value chain analysis
FIG. 4 U.S oil and gas rig counts, 2009 - 2012
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 North America Drilling fluids: Market attractiveness analysis
FIG. 11 North America Drillings Fluids: Company market share analysis, 2012
FIG. 12 North America drilling fluids market revenue share by product, 2012 and 2019
FIG. 13 North America market estimates and forecast for oil-based fluids, 2012 - 2019 (USD Million) 
FIG. 14 North America market estimates and forecast for synthetic-based fluids, 2012 - 2019 (USD Million) 
FIG. 15 North America estimates and forecast for water-based fluids, 2012 - 2019 (USD Million) 
FIG. 16 North America drilling fluids market revenue share by application, 2012 and 2019
FIG. 17 North America demand for drilling fluids from offshore oil and gas, 2012 – 2019 (USD Million) 
FIG. 18 North America demand for drilling fluids from onshore oil and gas, 2012 – 2019 (USD Million) 
FIG. 19 North America drilling fluids market revenue share, by country, 2012 & 2019
FIG. 20 U.S. drilling fluids market estimates and forecast, 2012 - 2019 (USD Million) 
FIG. 21 Canada drilling fluids market estimates and forecast, 2012 - 2019 (USD Million) 
FIG. 22 Mexico drilling fluids market estimates and forecast, 2012 - 2019 (USD Million) 

List of Tables

TABLE 1 North America 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 U.S. drilling fluids market estimates and forecast, by product, 2012 - 2019 (USD Million) 
TABLE 9 U.S. drilling fluids market estimates and forecast, by application 2012-2019 (USD Million) 
TABLE 10 Canada drilling fluids market estimates and forecast, by product, 2012 - 2019 (USD Million) 
TABLE 11 Canada drilling fluids market estimates and forecast, by application 2012 - 2019 (USD Million) 
TABLE 12 Mexico drilling fluids market estimates and forecast, by product, 2012 - 2019 (USD Million) 
TABLE 13 Mexico drilling fluids market estimates and forecast, by application 2012 - 2019 (USD Million) 

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Free Market Analysis


Drilling fluids play an important role in the drilling process for bore wells, mineral extraction and oil and gas extraction. During drilling, drilling fluids are pumped down the drill stem and forced out through jets in the bit. The drilling fluid returns to the surface through the space between the borehole wall and the drill stem. It carries the drill cuttings drilled out by the drill bit. These fluids, also known as drilling mud are used to carry rock cuttings to the surface, and lubricate and cool the drill bits also maintain stability of the well. In addition, drilling fluids also function as biocides and weighing agents, emulsifiers, defoamers, filtration reducers, shale inhibitors, corrosion inhibitors, with specific additives. Growing demand for drilling activities supplemented by the shift towards exploring and developing deep sea reserves and increasing implementation of horizontal drilling is expected to bolster the growth of drilling fluids market in North America. Increasing focus towards developing unconventional resources such as shale oil/gas, coal bed methane and other resources is also likely to drive the market growth in coming years. Increasing environmental concerns regarding the use of drilling fluids coupled with the raising concerns over the disposal of waste drilling fluids and contamination are some of the factors that are likely to restrain market growth. 

Based on the oil and gas industry, the drilling fluids market can be segmented into offshore and onshore. Onshore oil and gas application is expected to dominate the North America drilling fluids market over the coming years. The application is expected to grow on account of developments in the onshore drilling activities in North America. Offshore oil and gas is the smaller application which is expected to grow in future owing to increase in offshore drilling activities. The market comprises of key product segments such as Water based fluids (WBF), Oil based fluids (OBF) and Synthetic based fluids (SBF). The drilling fluids market in North America was dominated by the WBF that is likely to continue over the forecast period from 2013 to 2019. WBF dominated the market owing to their low cost and environment friendly content. WBF market is expected to grow in offshore exploration due to its technological advancement, improved efficiency and inhibition properties. WBF is followed by OBFs and SBF. OBF have been challenged by high performance WBF which offer technical efficiency as good as OBF at low cost. The SBF segment is comparatively smaller than the other two product segments but is expected to show significant growth in coming years.

U.S dominated the market in 2012 and accounted for over 80% of the North America drilling fluids market revenue. It was followed by Canada which faces squeezed growth rate due to unrealized potential of shale gas. Mexico was one of the niche markets; however, access to foreign companies in the region is expected to increase the market in coming years. Growing investment in onshore and offshore drilling activities is expected to fuel overall product demand in coming years. 

Schlumberger Technology Corporation is one of the leading players in drilling fluids market in North America that held substantial market share in 2012. The merger with M-I SWACO aided the company to reinforce their position in the North America market. Halliburton Company is one of the major players among oilfield service companies. An extensive product portfolio with worldwide presence provides the company with competitive advantage in the drilling fluids market. 

north-america-drilling-fluids-market-revenue-share-by-product-2012-and-2019
 

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