Report Code: A08229 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Drilling Fluids Market
Request Now !Drilling fluid is a combination of chemicals that is distributed through the wellbore. Drilling fluids, also known as drilling mud, are added to the wellbore to ease the drilling process by suspending cuttings, controlling pressure, stabilizing exposed rock, providing buoyancy, and cooling & oiling. They are used in various applications, including emulsifiers and moistening agents. Water-based drilling mud comprises betonies clay (gel) with additives such as barium sulfate (barite), calcium carbonate (chalk), or hematite. Drilling fluids apply hydrostatic pressure to prevent formation fluids from entering into the wellbore, thus keeping the drill cool and clean during drilling.
COVID-19 scenario analysis
The development of the oil & gas industry has resulted in increase in drilling activities, which, in turn, has significantly contributed toward the growth of the drilling fluids market. Drilling requires high temperature and high-pressure conditions. Horizontal and deeper wells face a range of drilling, constancy, pressure, and other issues that require high volume of drilling fluids for offshore and onshore oil & gas applications, such as oil-based fluids, water-based fluids, non-aqueous fluids, and synthetic fluids. This is expected to boost the demand for drilling fluids.
M-I SWACO launched new ENVIROTHERM NT water-base drilling fluid, which is especially designed for high-temperature, high-pressure (HTHP) wells, Â environmentally sensitive areas, or projects that require high temperatures and water-base drilling fluid system. It can be used at temperatures in excess of 450 F and densities up to 19.0 lbm/galUS (2.3 g/cm3).Â
The water-base drilling fluid is easy to manage and requires minimal dilution for HTHP environments, thus maximizing drilling efficiency. Additionally, water-base drilling fluid is cost-effective as compared to other drilling fluids. Furthermore, it can be easily converted from a low to a high temperature system with no rheology increase or loss of other properties.
Key benefits of the report
Questions answered in the global drilling fluids market research report:
Drilling Fluids Market Report Highlights
Aspects | Details |
---|---|
By Type |
|
By Application |
|
By End-use Industry |
|
By Region |
|
Key Market Players | Weatherford, (Switzerland), Sage Mines (France), Tetra Technologies (U.S.), Schlumberger (U.S.), Scomi (Malaysia), CES (Canada), Q’max Solutions (U.S.), BHGE (U.S.), National Oilwell Varco (U.S.), New park Resources (U.S.), Global Drilling and Chemicals (India), Secure Energy Services (Canada), Halliburton Company (U.S.) |
Start reading.
This Report and over 66,905+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers