Keywords : oilfield chemical
Global demand to reach $28 billion in 2016 World demand for oilfield chemicals is expected to reach $28 billion in 2016 as high oil prices and the increasing demand for energy stimulate new development, especially in unconventional and offshore fields. Nearly all types of chemicals will post healthy advances, but the best opportunities will continue to be in drilling fluids and stimulation chemicals. The usage of horizontal drillin...
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Global demand to reach $28 billion in 2016
World demand for oilfield chemicals is expected to reach $28 billion in 2016 as high oil prices and the increasing demand for energy stimulate new development, especially in unconventional and offshore fields. Nearly all types of chemicals will post healthy advances, but the best opportunities will continue to be in drilling fluids and stimulation chemicals. The usage of horizontal drilling and hydraulic fracturing in the development of shale plays in the US and Canada has been a driving force in sales of fracturing fluids and high-tech drilling fluids, although whether North America’s success in shale development can be duplicated elsewhere remains to be seen. However, while shale is still purely a North American phenomenon, the development of offshore fields is taking off all around the world. This will continue to fuel demand for all types of chemicals, as costs for offshore wells are significantly higher than for onshore wells. These and other factors are driving demand in the world’s major oilfield chemical growth markets, especially Brazil, India, Africa, China, Russia, Saudi Arabia, and a number of other Asian countries. In addition, while slowing, growth will continue to be favorable in the large North American market.
Shale plays to boost oilbased drilling fluid demand
The development of unconventional and offshore fields has led to significant changes in the drilling fluid market. Demand for highly engineered oil-based fluids has been boosted by use in the more challenging shale plays while synthetic and oil fluids are also often used in offshore and deep well situations. While water-based fluids continue to dominate in volume terms due to their low cost, ease of use and good environmental record, the market is more evenly split in terms of market value and nonaqueous fluids have been gaining market share in recent years. Nevertheless, fluid suppliers continue to develop improved water-based muds and these products will sustain high demand for water-based fluids in the future.
US, Canada, Russia, China dominate global demand
At present, well stimulation chemical demand is heavily concentrated in four countries: the US, Russia, Canada and China. Demand in the US alone accounts for a majority of the market due to its large number of mature wells and rapid growth in the use of horizontal drilling and multistage fracturing. As oilfields elsewhere continue to mature, stimulation techniques will become more attractive options for oil and gas producers in other countries, especially Mexico, Argentina, and Australia. Additionally, economical development of shale formations virtually necessitates hydraulic fracturing, which will boost demand in the countries seeking to produce from these shales, such as China and India. North America is expected to remain the largest market. The US and Canada, with older and more developed oilfields, offer a much larger market for chemicals designed to maintain output levels in areas of diminishing well flows. Growth in Brazil will be among the fastest in the world, due to substantial oil production gains and increased activity in deeper offshore fields, such as the pre-salt formations in the Atlantic Ocean. China will remain the largest market in the Asia/Pacific region, due to its large number of wells and its compelling need to raise its domestic energy supply through techniques such as hydraulic fracturing. The Africa/Mideast region, which accounts for over 45 percent of global oil production, is a smaller market for oilfield chemicals than its huge energy output might suggest. Even so, oilfield chemical demand in the region is expected to grow.
Study coverage
This upcoming industry study, World Oilfield Chemicals, presents historical demand data (2001, 2006 and 2011) plus forecasts for 2016 and 2021 by product, world region and for 26 countries. The study also details market environment factors, assesses company market share, and profiles global industry participants.
Global Petrochemical Industry
TABLE OF CONTENTS
INTRODUCTION xii
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Overview 6
Recent Historical Trends 7
Macroeconomic Outlook 8
World Demographic Outlook 12
World Manufacturing Outlook 14
World Oil & Gas Outlook 16
World Petroleum Outlook 19
Reserves & Exploration 19
Production 22
Pricing Patterns 25
World Natural Gas Outlook 27
Reserves & Exploration 28
Production 31
Pricing Patterns 35
Oilfield Services Overview 36
Environmental & Regulatory Issues 38
III. OILFIELD TECHNOLOGY 42
General 42
Well Drilling 44
Directional & Horizontal Drilling 45
Multilateral Drilling 46
Coiled Tubing Drilling 48
Dual-Gradient Drilling 48
Underbalanced Drilling 49
Drilling Fluids 49
Well Completion & Workover 51
Well Stimulation 52
Hydraulic Fracturing 53
Nitrogen Fracturing 55
Acidizing 56
Fracture Acidizing 58
Other Well Stimulation Techniques & Technologies 59
Enhanced Oil Recovery 61
Thermal Recovery 62
Gas Recovery 62
Chemical Recovery 63
Other Oilfield Technologies 64
Oil Sands Recovery 65
Coalbed Methane 66
Shale Formations 68
IV. OVERVIEW 70
Regional Overview 70
Product Overview 74
Drilling Fluids 77
Formulation Characteristics 80
Offshore & Deepwater Drilling 83
Unconventional Formations 85
Stimulation & Enhanced Oil Recovery (EOR) Chemicals 85
Stimulation Chemicals 87
EOR Chemicals 89
Production Chemicals 90
Demulsifiers 93
Corrosion & Scale Inhibitors 94
Biocides 95
Other 96
Completion & Workover Fluids 98
Oilfield Cement & Cement Additives 100
V. NORTH AMERICA 104
General 104
United States 112
Canada 119
Mexico 126
VI. CENTRAL & SOUTH AMERICA 134
General 134
Argentina 141
Brazil 146
Venezuela 152
Other Central & South America 158
VII. EUROPE 164
General 164
Norway 174
Russia 181
United Kingdom 189
Other Europe 195
VIII. AFRICA/MIDEAST 202
General 202
Africa 209
Algeria 217
Angola 219
Egypt 221
Libya 223
Nigeria 226
Other Africa 228
Middle East 230
Saudi Arabia 238
Oman 241
Iran 242
United Arab Emirates 245
Kuwait 246
Qatar 248
Other Middle East 250
IX. ASIA/PACIFIC 252
General 252
China 261
India 269
Indonesia 275
Kazakhstan 281
Malaysia 286
Other Asia/Pacific 291
X. INDUSTRY STRUCTURE 297
General 297
Market Share 300
Industry Restructuring 304
Competitive Strategies 307
Cooperative Agreements 309
Marketing & Distribution 312
Company Profiles 315
Akzo Nobel NV 316
Albemarle Corporation 318
Ambar Lone Star Fluid Services, see National Oilwell
Varco
AMCOL International Corporation 320
Anchor Drilling Fluids USA Incorporated 322
Ashland Incorporated 324
Ava, see Newpark Resources
Baker Hughes Incorporated 327
Baroid Fluid Services, see Halliburton
BASF SE 331
Buzzi Unicem SpA 333
Canadian Energy Services & Technology Corporation 334
Champion Technologies Incorporated 336
Chemtura Corporation 339
Chevron Phillips Chemical Company LLC 340
China National Petroleum Corporation 342
Clariant International Limited 344
Dow Chemical Company 347
Drilling Specialties, see Chevron Phillips Chemical
DuPont (EI) de Nemours 349
Dyckerhoff, see Buzzi Unicem
Ecolab Incorporated 351
Emery Oleochemicals Group 355
Enerchem International Incorporated 356
Fluids Management II, see Canadian Energy Services
& Technology
Gumpro Drilling Fluids Pvt Limited 358
Halliburton Company 359
Holcim Limited 363
Imdex Limited 366
Israel Chemicals Limited 368
Jordan Bromine, see Albemarle
Kemira Oyj 370
Lafarge SA 372
Marquis Alliance Energy Group, see Secure Energy
Services
M-I SWACO, see Schlumberger
Nalco Energy Services, see Ecolab
National Oilwell Varco Incorporated 374
Navdeep Chemicals Private Limited 375
Newpark Resources Incorporated 376
Nigerian-German Chemicals plc 380
PetroChina, see China National Petroleum
PT Tesso Tetra Chemika 381
PureChem Services, see Canadian Energy Services
& Technology
Q’Max Solutions Incorporated 382
Rhodia, see Solvay
Roemex Limited 383
Rohm and Haas, see Dow Chemical
Schlumberger Limited 385
Scomi Group Bhd 388
Secure Energy Services Incorporated 390
Sichem LLC 392
Solvay SA 393
Sun Drilling Products Corporation 395
TETRA Technologies Incorporated 397
Texas Industries Incorporated 399
Texas United Chemical Company LLC 400
Thermax Group 402
XL Fluids Systems, see Secure Energy Services
Weatherford International Limited 404
Other Companies Mentioned in Study 407
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 12
2 World Population by Region 14
3 World Manufacturing Value Added by Region 16
4 World Oil & Gas Production by Region 18
5 World Proved Oil Reserves by Country, 2011 21
6 World Crude Oil Field Production by Region 24
7 World Proved Natural Gas Reserves, 2011 30
8 World Dry Natural Gas Production by Region 34
9 World Oilfield Services Indicators 38
SECTION IV -- OVERVIEW
1 World Oilfield Chemical Demand by Region 73
2 World Oilfield Chemical Demand by Type 76
3 World Drilling Fluid Demand by Region 80
4 World Drilling Fluid Demand by Type 83
5 World Stimulation & Enhanced Oil Recovery (EOR) Chemical
Demand by Region 87
6 World Production Chemical Demand by Type & Region 93
7 World Completion & Workover Demand by Region 100
8 World Oilfield Cement & Cement Additive Demand
by Type & Region 103
SECTION V -- NORTH AMERICA
1 North America: Key Indicators for Oilfield Chemical Demand 106
2 North America: Oilfield Chemical Demand by Type 111
3 United States: Key Indicators for Oilfield Chemical Demand 116
4 United States: Oilfield Chemical Demand by Type 119
5 Canada: Key Indicators for Oilfield Chemical Demand 123
6 Canada: Oilfield Chemical Demand by Type 125
7 Mexico: Key Indicators for Oilfield Chemical Demand 130
8 Mexico: Oilfield Chemical Demand by Type 133
SECTION VI -- CENTRAL & SOUTH AMERICA
1 Central & South America: Key Indicators for Oilfield
Chemical Demand 136
2 Central & South America: Oilfield Chemical Demand
by Type 140
3 Argentina: Key Indicators for Oilfield Chemical Demand 144
4 Argentina: Oilfield Chemical Demand by Type 146
5 Brazil: Key Indicators for Oilfield Chemical Demand 149
6 Brazil: Oilfield Chemical Demand by Type 151
7 Venezuela: Key Indicators for Oilfield Chemical Demand 155
8 Venezuela: Oilfield Chemical Demand by Type 157
9 Other Central & South America: Key Indicators for Oilfield
Chemical Demand 161
10 Other Central & South America: Oilfield Chemical Demand
by Country & Type 163
SECTION VII -- EUROPE
1 Europe: Key Indicators for Oilfield Chemical Demand 166
2 Europe: Oilfield Chemical Demand by Type 173
3 Norway: Key Indicators for Oilfield Chemical Demand 178
4 Norway: Oilfield Chemical Demand by Type 181
5 Russia: Key Indicators for Oilfield Chemical Demand 185
6 Russia: Oilfield Chemical Demand by Type 189
7 United Kingdom: Key Indicators for Oilfield Chemical
Demand 192
8 United Kingdom: Oilfield Chemical Demand by Type 195
9 Other Europe: Key Indicators for Oilfield Chemical
Demand 198
10 Other Europe: Oilfield Chemical Demand
by Country & Type 201
SECTION VIII -- AFRICA/MIDEAST
1 Africa/Mideast: Key Indicators for Oilfield Chemical Demand 206
2 Africa/Mideast: Oilfield Chemical Demand by Region
& Type 209
3 Africa: Key Indicators for Oilfield Chemical Demand 212
4 Africa: Oilfield Chemical Demand by Country & Type 216
5 Middle East: Key Indicators for Oilfield Chemical Demand 233
6 Middle East: Oilfield Chemical Demand by Country & Type 237
SECTION IX -- ASIA/PACIFIC
1 Asia/Pacific: Key Indicators for Oilfield Chemical Demand 255
2 Asia/Pacific: Oilfield Chemical Demand by Type 260
3 China: Key Indicators for Oilfield Chemical Demand 266
4 China: Oilfield Chemical Demand by Type 269
5 India: Key Indicators for Oilfield Chemical Demand 273
6 India: Oilfield Chemical Demand by Type 275
7 Indonesia: Key Indicators for Oilfield Chemical Demand 279
8 Indonesia: Oilfield Chemical Demand by Type 281
9 Kazakhstan: Key Indicators for Oilfield Chemical Demand 284
10 Kazakhstan: Oilfield Chemical Demand by Type 286
11 Malaysia: Key Indicators for Oilfield Chemical Demand 289
12 Malaysia: Oilfield Chemical Demand by Type 291
13 Other Asia/Pacific: Key Indicators for
Oilfield Chemical Demand 294
14 Other Asia/Pacific: Oilfield Chemical Demand by Type 296
SECTION X -- INDUSTRY STRUCTURE
1 World Oilfield Chemical Sales by Company, 2011 299
2 Selected Acquisitions & Divestitures 305
3 Selected Cooperative Agreements 311
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
1 World Crude Oil Proved Reserves by Region, 2011 22
2 World Crude Oil Field Production by Region, 2011 24
3 World Crude Oil Spot Prices, 2001-2011 27
4 World Natural Gas Proved Reserves, 2011 31
5 World Dry Natural Gas Production by Region, 2011 35
SECTION IV -- OVERVIEW
1 World Oilfield Chemical Demand by Region, 2011 73
2 World Oilfield Chemical Demand by Type, 2011 77
SECTION V -- NORTH AMERICA
1 North America: Oil & Gas Production by Country, 2011 108
2 North America: Oilfield Chemical Demand by Country, 2011 112
SECTION VI -- CENTRAL & SOUTH AMERICA
1 Central & South America: Oil & Gas Production
by Country, 2011 138
2 Central & South America: Oilfield Chemical Demand
by Country, 2011 141
SECTION VII -- EUROPE
1 Europe: Oil & Gas Production by Country, 2011 170
2 Europe: Oilfield Chemical Demand by Country, 2011 174
SECTION VIII -- AFRICA/MIDEAST
1 Africa: Oil & Gas Production by Country, 2011 213
2 Africa: Oilfield Chemical Demand by Country, 2011 217
3 Middle East: Oil & Gas Production by Country, 2011 234
4 Middle East: Oilfield Chemical Demand by Country, 2011 238
SECTION IX -- ASIA/PACIFIC
1 Asia/Pacific: Oil & Gas Production by Country, 2011 257
2 Asia/Pacific: Oilfield Chemical Demand by Country, 2011 261
SECTION X -- INDUSTRY STRUCTURE
1 World Oilfield Chemical Market Share, 2011 301
