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  5. > Drilling and Completion Fluids Market by Application Areas (Onshore & Offshore), by Types (Water-Based Systems, Oil-Based Systems, Synthetic-Based Systems, Other Based Systems) & by Geography - Global Trends & Forecast to 2019

This report analyzes the drilling and completion fluids market in terms of value and volume. The drilling and completion fluids market is segmented on the basis of the base fluid type, which includes water-based systems, oil-based systems, synthetic-based systems and other based systems. The market is further segmented on the basis of regions into North America, Latin America, Asia-Pacific, Europe, Africa, the Middle East, and Rest of the World (RoW).

Drilling fluids are used during drilling activity for providing lubrication, cooling of the drill bit, removal and transport, rock cutting, and for improving the overall drilling operation. Drilling fluids are essential to recover oil from new oil and gas fields from the reservoirs lying in remote and unfriendly environments where extraction relies exclusively on drilling fluids. Increasing production of crude oil is driving the demand for drilling fluids across the globe. Consumption of drilling fluids depends on the location of reservoirs and depth of drilling.

Drilling and completion fluids are witnessing substantial demand across North America because of the increased drilling activities in countries such as the U.S. and Canada. Increase in onshore drilling activities also leads to an increase in the market size of drilling and completion fluids. Rise in the drilling activities in the new offshore reserves propels the market for drilling and completion fluids.

We have used various secondary sources such as encyclopedias, directories, and databases to identify and collect information that was useful for this extensive commercial study of the drilling and completion fluids market. The primary sources—experts, suppliers and service providers from the industry—have all been interviewed to obtain and verify critical information, as well as to assess the future prospects of the drilling and completion fluids market.

The leading players in the market, such as Canadian Energy Services (Canada), M-I Swaco (U.S.), Scomi Group (Malaysia), and AkzoNobel N.V. (The Netherlands), have been profiled in this report to provide an insight into the competitive scenario in the drilling and completion fluids market.

The report also touches upon various important aspects of the market. These include analysis of the value chain, drivers, restraints, burning issues, winning imperatives, opportunities, and challenges as per the Porter’s Five Forces model along with the competitive landscape. In addition to this, 15 key players in this market have also been profiled.

The report analyzes the volume of drilling and completion fluids. It segments the global drilling and completion fluids market by base fluid types, which include water-based systems, oil-based systems, synthetic-based systems, and other based systems. The report also analyzes the drilling and completion fluids market in different regions, including North America, Latin America, Europe, Asia-Pacific, Africa, the Middle East, and RoW.

The consistent increase in onshore and offshore drilling activities, increase in footage drilled, and exploration rate create promising prospects for the future of the drilling and completion fluids market. The market for drilling and completion fluids is expected to reach a value of $16.31 billion by 2019, at a CAGR of 7.3%. Water-based systems and oil-based systems lead the market and are expected to reach a value of $9.92 billion and $3.29 billion respectively, by the year 2019.
The drilling and completion fluids market is also analyzed with respect to Porter's Five Forces model. Different market forces, namely, the bargaining power of suppliers, the bargaining power of buyers, intensity of rivalry, threat of substitutes, and threat of new entrants are analyzed with respect to the drilling and completion fluids industry. The report also provides a competitive landscape of major market players around the globe that includes developments, mergers and acquisition, expansion and investments, agreements and contracts, new technologies developments, and others. The developments carried out by key industry players reflect their individual growth strategies as well as the general trend followed by other market players.

The report also provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key burning issues in the drilling and completion fluids market. Key players in the industry are profiled in detail alongside their recent developments.

Table Of Contents

Drilling and Completion Fluids Market by Application Areas (Onshore and Offshore), by Types (Water-Based Systems, Oil-Based Systems, Synthetic-Based Systems, Other Based Systems) and by Geography - Global Trends and Forecast to 2019
TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 STUDY SCOPE 17
1.3.1 DRILLING and COMPLETION FLUIDS MARKET, BY TYPE and BY APPLICATION 17
1.3.2 DRILLING and COMPLETION FLUIDS MARKET, BY REGION 17
1.3.3 YEARS 17
1.4 CURRENCY and PRICING 17
1.5 PACKAGE SIZE 17
1.6 LIMITATIONS 18
1.7 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 INTRODUCTION 19
2.1.1 SECONDARY DATA 20
2.1.1.1 Key data from secondary sources 20
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 21
2.1.2.2 Breakdown of primary interviews 22
2.2 MARKET SIZE ESTIMATION 22
2.3 MARKET BREAKDOWN and DATA TRIANGULATION 24
2.3.1 KEY INDUSTRY INSIGHTS 24
2.4 ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 30
4.1 ATTRACTIVE MARKET OPPORTUNITY FOR WATER-BASED DRILLING and COMPLETION FLUIDS 30
4.2 NORTH AMERICA DOMINATED THE DRILLING and COMPLETION FLUIDS MARKET 31
4.3 U.S. COMMANDS MAJORITY OF THE MARKET SHARE 32
4.4 NORTH AMERICA WILL DOMINATE THE DRILLING and COMPLETION FLUIDS MARKET 33
4.5 MAJOR COUNTRIES IN THE DRILLING and COMPLETION FLUIDS MARKET 34
4.6 ASIA-PACIFIC and NORTH AMERICA WILL DEMAND FOR MOST OF THE DRILLING and COMPLETION FLUIDS BY 2019 35

5 MARKET OVERVIEW 36
5.1 INTRODUCTION 37
5.1 MARKET DYNAMICS 38
5.1.1 DRIVERS 39
5.1.1.1 Growth in drilling activities 39
5.1.1.1.1 Increasing drilling footage 39
5.1.1.2 Growth in increased oil production 39
5.1.1.2.1 Oil and gas production 39
5.1.1.3 Continuous rise in global drilling activities 41
5.1.1.4 Technological developments and exploration activities for shale gas, CBM 41
5.1.2 RESTRAINTS 43
5.1.2.1 Impact of drilling fluids on the environment and surrounding eco system 43
5.1.2.2 Strict government regulations 44
5.1.3 MARKET OPPORTUNITIES 44
5.1.3.1 Development of advanced drilling fluid chemicals 44
5.1.3.2 Focus on deep and ultra-deepwater reserves 45
5.2 BURNING ISSUE 45
5.2.1 SHORTAGE OF MUD ENGINEERING PROFESSIONALS 45
5.3 WINNING IMPERATIVES 45
5.3.1 MERGERS and ACQUISITIONS IS THE KEY IN DRILLING and COMPLETION FLUIDS MARKET 45
5.3.2 TECHNOLOGICAL INNOVATION 46
5.4 IMPACT ANALYSIS 46
6 INDUSTRY TRENDS 47
6.1 VALUE CHAIN ANALYSIS 47
6.1.1 RAW MATERIAL MANUFACTURERS 48
6.1.2 DRILLING and COMPLETION FLUIDS MANUFACTURERS 48
6.1.2.1 Base fluids manufacturers 48
6.1.2.2 Additives manufacturers 49
6.1.2.3 Complete drilling and fluid solution manufacturers 49
6.1.3 END-USERS 49
6.2 PORTER'S FIVE FORCES ANALYSIS 49
6.2.1 THREAT OF NEW ENTRANTS 50
6.2.2 THREAT OF SUBSTITUTES 51
6.2.3 BARGAINING POWER OF BUYERS 51
6.2.4 BARGAINING POWER OF SUPPLIERS 51
6.2.5 DEGREE OF COMPETITION 52

7 DRILLING and COMPLETION FLUIDS MARKET, BY BASE FLUIDS TYPE 53
7.1 INTRODUCTION 54
7.2 MARKET ANALYSIS 54
7.2.1 DRILLING and COMPLETIONS FLUIDS MARKET 54
7.2.2 WATER-BASED DRILLING and COMPLETION FLUIDS 57
7.2.2.1 Introduction 57
7.2.2.2 Water-based fluids: Single-largest used base fluid type 58
7.2.3 OIL-BASED DRILLING and COMPLETION FLUIDS 60
7.2.3.1 Introduction 60
7.2.3.2 Growth rate is achieving maturity owing to stringent environmental policies 60
7.2.4 SYNTHETIC-BASED DRILLING and COMPLETION FLUIDS 61
7.2.4.1 Introduction 61
7.2.4.2 High potential market for fluids base type 61
7.2.5 OTHER DRILLING and COMPLETION FLUIDS 63
7.2.5.1 Introduction 63
7.2.5.2 Highest growing base fluid type market 63
8 DRILLING and COMPLETION FLUIDS MARKET, BY APPLICATION 65
8.1 INDUSTRY OVERVIEW 66
8.2 MARKET SHARE ANALYSIS, BY APPLICATION 67
8.2.1 ONSHORE 68
8.2.1.1 Introduction 68
8.2.1.2 The largest market application area 69
8.2.2 OFFSHORE 70
8.2.2.1 Introduction 70
8.2.2.2 Major growth engine of a global market 70
9 DRILLING and COMPLETION FLUIDS MARKET, BY REGION 72
9.1 INTRODUCTION 73
9.2 REGIONAL ANALYSIS OF DRILLING and COMPLETION FLUIDS MARKET 73
9.3 BASE FLUID TYPE ANALYSIS, BY REGION 77
9.3.1 NORTH AMERICA 78
9.3.1.1 Industry trends 78
9.3.1.2 Largest regional market for drilling and completion fluids 78
9.3.1.3 Country-wise analysis 81
9.3.1.3.1 U.S. 82
9.3.1.3.2 Canada 83
9.3.2 ASIA-PACIFIC 83
9.3.2.1 Industry trends 83
9.3.2.2 Second-largest geographic market driven by major drilling activities in China 84
9.3.2.3 Country-wise analysis 86
9.3.2.3.1 China 87
9.3.2.3.2 Australia 87
9.3.2.3.3 Thailand 88
9.3.2.3.4 India 88
9.3.2.3.5 Indonesia 89
9.3.2.3.6 Others 89
9.3.3 EUROPE 90
9.3.3.1 Industry trends 90
9.3.3.2 Market towards maturity 91
9.3.3.3 Country-wise analysis 92
9.3.3.3.1 Russia 93
9.3.3.3.2 Norway 93
9.3.3.3.3 U.K. 94
9.3.3.3.4 Others 94
9.3.4 LATIN AMERICA 95
9.3.4.1 Industry trends 95
9.3.4.2 Highly potential market owing to the rapid growth of Mexico and Brazil 96
9.3.4.3 Country-wise analysis 97
9.3.4.3.1 Mexico 99
9.3.4.3.2 Brazil 99
9.3.4.3.3 Venezuela 100
9.3.4.3.4 Argentina 100
9.3.4.3.5 Others 101
9.3.5 AFRICA 101
9.3.5.1 Industry trends 101
9.3.5.2 Exploration of new hydrocarbon reserves driving the high growth of the region 102
9.3.5.3 Country-wise analysis 103
9.3.5.3.1 Egypt 104
9.3.5.3.2 Algeria 105
9.3.5.3.3 Angola 105
9.3.5.3.4 Libya 106
9.3.5.3.5 Nigeria 106
9.3.5.3.6 Others 107
9.3.6 MIDDLE EAST 108
9.3.6.1 Industry trends 108
9.3.6.2 Small market share with decent growth rate 109
9.3.6.3 Country-wise analysis 110
9.3.6.3.1 Oman 111
9.3.6.3.2 Saudi Arabia 111
9.3.6.3.3 Others 112
9.3.7 REST OF THE WORLD 112
9.3.7.1 Industry trends 112
9.3.7.2 Market Analysis 113
9.4 APPLICATION AREAS ANALYSIS, BY REGION 114
9.4.1 NORTH AMERICA 114
9.4.1.1 Market overview 114
9.4.1.2 Onshore drilling activities dominate the total market 115
9.4.2 ASIA-PACIFIC 115
9.4.2.1 Market overview 115
9.4.2.2 Exploration of new offshore gas reserves presents great opportunities 115
9.4.3 EUROPE 116
9.4.3.1 Market overview 116
9.4.3.2 Onshore market is the major growth driver of the region 116
9.4.4 LATIN AMERICA 116
9.4.4.1 Market overview 116
9.4.4.2 Huge investments for GOM development results in excellent growth rate for offshore market 117
9.4.5 AFRICA 117
9.4.5.1 Market overview 117
9.4.5.2 High growth rate for both onshore and offshore markets 117
9.4.6 MIDDLE EAST 118
9.4.6.1 Market overview 118
9.4.6.2 Low average drilling depth limits the market growth 118
9.4.7 REST OF THE WORLD 119
9.4.7.1 Market overview 119
9.4.7.2 Market analysis 119
10 COMPETITIVE LANDSCAPE 120
10.1 OVERVIEW 121
10.2 MARKET SHARE ANALYSIS 122
10.3 COMPETITIVE SITUATIONS and TRENDS 123
10.3.1 MERGERS and ACQUISITIONS 124
10.3.2 AGREEMENTS, CONTRACTS, JOINT VENTURES, and PARTNERSHIPS, 2011-2014 126
10.3.3 EXPANSIONS and INVESTMENTS 127
10.3.4 NEW PRODUCT and TECHNOLOGY LAUNCHES 128

11 COMPANY PROFILES 130
(Company at a Glance, Recent Financials, Products and Services, Strategies and Insights, and Recent Developments)*
11.1 INTRODUCTION 130
11.2 BAKER HUGHES INC. 131
11.3 HALLIBURTON 135
11.4 M-I SWACO 138
11.5 NEWPARK RESOURCES INC. 141
11.6 TETRA TECHNOLOGIES INC. 145
11.7 AKZONOBEL NV 149
11.8 CANADIAN ENERGY SERVICES and TECHNOLOGY CORP. (CES) 152
11.9 NATIONAL OILWELL VARCO INC. 155
11.10 SCOMI GROUP BHD 157
11.11 SECURE ENERGY SERVICES INC. 160
11.12 WEATHERFORD INTERNATIONAL LTD 163
11.13 CHEVRON PHILLIPS CHEMICAL COMPANY LLC. 165
11.14 ANCHOR DRILLING FLUIDS USA INC. 168
11.15 GLOBAL DRILLING FLUIDS and CHEMICALS LTD. 170
*Details on company at a glance, recent financials, products and services, strategies and insights, and recent developments might not be captured in case of unlisted companies.
12 APPENDIX 172
12.1 INSIGHTS OF INDUSTRY EXPERTS 172
12.2 DISCUSSION GUIDE 173
12.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 176
12.4 AVAILABLE CUSTOMIZATIONS 177
12.5 RELATED REPORTS 177

LIST OF TABLES


TABLE 1 FUNCTION OF DRILLING and COMPLETION FLUIDS 39
TABLE 2 SUPPLY OF CRUDE OIL, BY GEOGRAPHY, 2007-2011, BBL/DAY (‘000) 40
TABLE 3 TOTAL OFFSHORE WELLS DRILLED, 2011-2012 41
TABLE 4 TECHNICALLY RECOVERABLE SHALE OIL RESERVES, BY MAJOR COUNTRIES,
2013 (BILLION) BBL 42
TABLE 5 TECHNICALLY RECOVERABLE SHALE GAS RESERVES, BY MAJOR COUNTRIES,
2013 (TCF) 42
TABLE 6 GOVERNMENTAL DRILLING and COMPLETION FLUIDS DISCHARGE REGULATIONS,
BY COUNTRIES 43
TABLE 7 DRILLING and COMPLETION FLUIDS MARKET SIZE, BY TYPE,
2012-2019 (MILLION GALLON) 55
TABLE 8 DRILLING and COMPLETION FLUIDS MARKET SIZE, BY TYPE, 2012-2019 ($MILLION) 57
TABLE 9 WATER-BASED DRILLING and COMPLETION FLUIDS MARKET SIZE, BY REGION,
2012-2019 (MILLION GALLON) 59
TABLE 10 WATER-BASED DRILLING and COMPLETION FLUIDS MARKET SIZE, BY REGION,
2012-2019 ($MILLION) 59
TABLE 11 OIL-BASED DRILLING and COMPLETION FLUIDS MARKET SIZE, BY REGION,
2012-2019 (MILLION GALLON) 60
TABLE 12 OIL-BASED DRILLING and COMPLETION FLUIDS MARKET SIZE, BY REGION,
2012-2019 ($MILLION) 61
TABLE 13 SYNTHETIC-BASED DRILLING and COMPLETION FLUIDS MARKET SIZE, BY REGION, 2012-2019 (MILLION GALLONS) 62
TABLE 14 SYNTHETIC-BASED DRILLING and COMPLETION FLUIDS MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 62
TABLE 15 OTHER BASED DRILLING and COMPLETION FLUIDS MARKET SIZE, BY REGION,
2012-2019 (MILLION GALLONS) 63
TABLE 16 OTHER BASED DRILLING and COMPLETION FLUIDS MARKET SIZE, BY REGION,
2012-2019 (MILLION) 64
TABLE 17 ONSHORE WELLS DRILLED, BY REGION (MILLION FEET) 66
TABLE 18 OFFSHORE WELLS DRILLED, BY REGION (MILLION FEET) 66
TABLE 19 DRILLING and COMPLETION FLUIDS MARKET SIZE, BY APPLICATION AREAS,
2012-2019 ($MILLION) 68
TABLE 20 ONSHORE DRILLING and COMPLETION FLUIDS MARKET SIZE, BY REGION,
2012-2019 ($MILLION) 69
TABLE 21 OFFSHORE DRILLING and COMPLETION FLUIDS MARKET SIZE, BY REGION,
2012-2019 ($MILLION) 71
TABLE 22 DRILLING and COMPLETION FLUIDS VOLUME MARKET, BY REGION,
2012-2019 (MILLION GALLONS) 75
TABLE 23 DRILLING and COMPLETION FLUIDS MARKET SIZE, BY REGION,
2012-2019 ($MILLION) 76
TABLE 24 NORTH AMERICA: DRILLING and COMPLETION FLUIDS VOLUME, BY BASE FLUID TYPES, 2012-2019 (MILLION GALLONS) 79
TABLE 25 NORTH AMERICA: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 80
TABLE 26 NORTH AMERICA: DRILLING and COMPLETION FLUIDS VOLUME, BY COUNTRY,
2012-2019 (MILLION GALLONS) 81
TABLE 27 NORTH AMERICA: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 82
TABLE 28 U.S.: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES,
2012-2019 ($MILLION) 82
TABLE 29 CANADA: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 83
TABLE 30 ASIA-PACIFIC: DRILLING and COMPLETION FLUIDS VOLUME, BY BASE FLUID TYPES, 2012-2019 (MILLION GALLONS) 84
TABLE 31 ASIA-PACIFIC: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 85
TABLE 32 ASIA-PACIFIC: DRILLING and COMPLETION FLUIDS VOLUME, BY COUNTRY,
2012-2019 (MILLION GALLONS) 86
TABLE 33 ASIA-PACIFIC: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY COUNTRY,
2012-2019 ($MILLION) 86
TABLE 34 CHINA: DRILLING and COMPLETION FLUIDS MARKET, BY BASE FLUID TYPES,
2012-2019 ($MILLION) 87
TABLE 35 AUSTRALIA: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 87
TABLE 36 THAILAND: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 88
TABLE 37 INDIA: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 88
TABLE 38 INDONESIA: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 89
TABLE 39 OTHERS: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 89
TABLE 40 EUROPE: DRILLING and COMPLETION FLUIDS VOLUME, BY BASE FLUID TYPES,
2012-2019 (MILLION GALLONS) 91
TABLE 41 EUROPE: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 91
TABLE 42 EUROPE: DRILLING and COMPLETION FLUIDS VOLUME, BY COUNTRY,
2012-2019 (MILLION GALLONS) 92
TABLE 43 EUROPE: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY COUNTRY,
2012-2019 ($MILLION) 92
TABLE 44 RUSSIA: DRILLING and COMPLETION FLUIDS MARKET, BY BASE FLUID TYPES,
2012-2019 ($MILLION) 93
TABLE 45 NORWAY: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 93
TABLE 46 U.K.: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES,
2012-2019 ($MILLION) 94
TABLE 47 OTHERS: DRILLING and COMPLETION FLUIDS MARKET, BY BASE FLUID TYPES,
2012-2019 ($MILLION) 94
TABLE 48 LATIN AMERICA: DRILLING and COMPLETION FLUIDS VOLUME, BY BASE FLUID TYPES, 2012-2019 (MILLION GALLONS) 96
TABLE 49 LATIN AMERICA: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 96
TABLE 50 LATIN AMERICA: DRILLING and COMPLETION FLUIDS VOLUME, BY COUNTRY,
2012-2019 (MILLION GALLONS) 98
TABLE 51 LATIN AMERICA: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 98
TABLE 52 MEXICO: DRILLING and COMPLETION FLUIDS MARKET, BY BASE FLUID TYPES,
2012-2019 ($MILLION) 99
TABLE 53 BRAZIL: DRILLING and COMPLETION FLUIDS MARKET, BY BASE FLUID TYPES,
2012-2019 ($MILLION) 99
TABLE 54 VENEZUELA: DRILLING and COMPLETION FLUIDS MARKET, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 100
TABLE 55 ARGENTINA: DRILLING and COMPLETION FLUIDS MARKET, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 100
TABLE 56 OTHERS: DRILLING and COMPLETION FLUIDS MARKET, BY BASE FLUID TYPES,
2012-2019 ($MILLION) 101
TABLE 57 AFRICA: DRILLING and COMPLETION FLUIDS VOLUME, BY BASE FLUID TYPES,
2012-2019 (MILLION GALLONS) 102
TABLE 58 AFRICA: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 102
TABLE 59 AFRICA: DRILLING and COMPLETION FLUIDS VOLUME, BY COUNTRY,
2012-2019 (MILLION GALLONS) 103
TABLE 60 AFRICA: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY COUNTRY,
2012-2019 ($MILLION) 104
TABLE 61 EGYPT: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 104
TABLE 62 ALGERIA: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 105
TABLE 63 ANGOLA: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 105
TABLE 64 LIBYA: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 106
TABLE 65 NIGERIA: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 106
TABLE 66 OTHERS: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 107
TABLE 67 MIDDLE EAST: DRILLING and COMPLETION FLUIDS VOLUME, BY BASE FLUID TYPES, 2012-2019 (MILLION GALLONS) 109
TABLE 68 MIDDLE EAST: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 109
TABLE 69 MIDDLE EAST: DRILLING and COMPLETION FLUIDS VOLUME, BY COUNTRY,
2012-2019 (MILLION GALLONS) 110
TABLE 70 MIDDLE EAST: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 110
TABLE 71 OMAN: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 111
TABLE 72 SAUDI ARABIA: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 111
TABLE 73 OTHERS: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY BASE FLUID TYPES, 2012-2019 ($MILLION) 112
TABLE 74 ROW: DRILLING and COMPLETION FLUIDS VOLUME, BY BASE FLUID TYPES,
2012-2019 (MILLION GALLONS) 113
TABLE 75 ROW: DRILLING and COMPLETION FLUIDS MARKET, BY BASE FLUID TYPES,
2012-2019 ($MILLION) 113
TABLE 76 NORTH AMERICA: DRILLING and COMPLETION FLUIDS MARKET SIZE, BY APPLICATION AREAS, 2012-2019 ($MILLION) 115
TABLE 77 ASIA-PACIFIC: DRILLING and COMPLETION FLUIDS MARKET, BY APPLICATION AREAS, 2012-2019 ($MILLION) 115
TABLE 78 EUROPE: DRILLING and COMPLETION FLUIDS MARKET, BY APPLICATION AREAS, 2012-2019 ($MILLION) 116
TABLE 79 LATIN AMERICA: DRILLING and COMPLETION FLUIDS MARKET, BY APPLICATION AREAS, 2012-2019 ($MILLION) 117
TABLE 80 AFRICA: DRILLING and COMPLETION FLUIDS MARKET, BY APPLICATION AREAS,
2012-2019 ($MILLION) 117
TABLE 81 MIDDLE EAST: DRILLING and COMPLETION FLUIDS MARKET, BY APPLICATION AREAS, 2012-2019 ($MILLION) 118
TABLE 82 ROW: DRILLING and COMPLETION FLUIDS MARKET, BY APPLICATION AREAS,
2012-2019 ($MILLION) 119
TABLE 83 MERGERS and ACQUISITIONS, 2014-2019 124
TABLE 84 AGREEMENTS, CONTRACTS, JOINT VENTURES, and PARTNERSHIPS, 2011-2014 126
TABLE 85 EXPANSION and INVESTMENTS, 2011-2014 127
TABLE 86 NEW PRODUCT and TECHNOLOGY LAUNCHES, 2011-2014 128

LIST OF FIGURES

FIGURE 1 DRILLING and COMPLETION FLUIDS MARKET: RESEARCH DESIGN 19
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION,
and REGION 22
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 23
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 23
FIGURE 5 EVOLUTION OF DRILLING and COMPLETION FLUIDS 26
FIGURE 6 NORTH AMERICA DOMINATED THE DRILLING and COMPLETION FLUIDS MARKET IN 2013 27
FIGURE 7 SYNTHETIC-BASED SYSTEMS ARE EXPECTED TO GROW AT HIGHEST CAGR 28
FIGURE 8 NORTH AMERICA WILL DOMINATE DRILLING and COMPLETION FLUIDS MARKET IN THE NEXT FIVE YEARS 29
FIGURE 9 WATER-BASED SYSTEMS DOMINATE THE MARKET AMONG THE TOP THREE TYPES OF DRILLING and COMPLETION FLUIDS 30
FIGURE 10 MORE THAN HALF OF THE DRILLING and COMPLETION FLUIDS MARKET WAS DOMINATED BY WATER-BASED SYSTEMS, IN 2013 31
FIGURE 11 U.S. and CHINA HELD A MAJORITY OF THE MARKET SHARE IN 2013 32
FIGURE 12 NORTH AMERICA DOMINATED ALL TYPES OF THE DRILLING and COMPLETION FLUIDS MARKET IN 2013 33
FIGURE 13 U.S. and CANADA IS EXPECTED TO ACQUIRE MORE THAN 50% OF THE TOTAL MARKET IN THE NEXT FIVE YEARS 34
FIGURE 14 DRILLING and COMPLETION FLUIDS MARKET IN LATIN AMERICA WILL GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 35
FIGURE 15 MARKET SEGMENTATION: DRILLING AND COMPLETION FLUIDS MARKET 37
FIGURE 16 KEY MARKET FACTORS 38
FIGURE 17 CRUDE OIL PRODUCTION, 2009-2013, BBL/DAY (‘000) 40
FIGURE 18 DRILLING and COMPLETION FLUIDS MARKET FLOW THROUGH ECHELONS 47
FIGURE 19 DRILLING and COMPLETION FLUIDS MARKET: VALUE CHAIN ANALYSIS 48
FIGURE 20 PORTER'S FIVE FORCES ANALYSIS: DRILLING AND COMPLETION FLUIDS MARKET 50
FIGURE 21 CLASSIFICATION OF DRILLING and COMPLETION FLUIDS BASE 54
FIGURE 22 WATER-BASED SYSTEMS WILL DOMINATE THE DRILLING and COMPLETION FLUIDS MARKET OVER THE NEXT FIVE YEARS 55
FIGURE 23 KEY GROWTH DRIVERS OF DRILLING and COMPLETION FLUIDS MARKET, BY SEGMENT 56
FIGURE 24 WATER-BASED SYSTEMS MARKET IN LATIN AMERICA WILL GROW AT THE HIGHEST RATE IN THE NEXT FIVE YEARS 58
FIGURE 25 ONSHORE APPLICATION DOMINATES THE DRILLING and COMPLETION FLUIDS MARKET 67
FIGURE 26 NORTH AMERICA and ASIA-PACIFIC ARE PROMINENT MARKETS FOR DRILLING and COMPLETION FLUIDS IN ONSHORE APPLICATION AREAS 69
FIGURE 27 LATIN AMERICA and AFRICA WILL GROW AT HIGHER RATES IN THE OFFSHORE DRILLING and COMPLETION FLUIDS MARKET 70
FIGURE 28 LATIN AMERICA IS EXPECTED TO BE THE FASTEST GROWING MARKET FOR DRILLING and COMPLETION FLUIDS DURING THE FORECAST PERIOD 74
FIGURE 29 NORTH AMERICA DOMINATES THE DRILLING and COMPLETION FLUIDS MARKET 76
FIGURE 30 INCREASE IN DRILLING ACTIVITIES IS A DRIVING FORCE OF THE DRILLING and COMPLETION FLUIDS MARKET IN MAJOR REGIONS 77
FIGURE 31 TREND OF NORTH AMERICAN DRILLING ACTIVITIES, BY COUNTRY,
2011-2013 (MILLION FEET) 78
FIGURE 32 CONSUMPTION OF WATER-BASED FLUIDS WILL BE HIGHEST COMPARED TO OTHER TYPES OF FLUIDS 79
FIGURE 33 MEXICO and EGYPT TO BE THE FASTEST GROWING MARKETS FOR DRILLING
and COMPLETION FLUIDS 81
FIGURE 34 TREND OF ASIA-PACIFIC DRILLING ACTIVITIES, BY COUNTRY,
2011-2013 (MILLION FEET) 84
FIGURE 35 TREND OF EUROPEAN DRILLING ACTIVITIES, BY COUNTRY,
2011-2013 (MILLION FEET) 90
FIGURE 36 TREND OF LATIN AMERICAN DRILLING ACTIVITIES, BY COUNTRY,
2011-2013 (MILLION FEET) 95
FIGURE 37 BRAZIL IS THE FASTEST GROWING NATION FOR DRILLING and COMPLETION FLUIDS IN LATIN AMERICA 97
FIGURE 38 TREND OF AFRICAN DRILLING ACTIVITIES, BY COUNTRY,
2011-2013 (MILLION FEET) 101
FIGURE 39 TREND OF MIDDLE EAST DRILLING ACTIVITIES, BY COUNTRY,
2011-2012 (MILLION FEET) 108
FIGURE 40 HUGE RESERVES OF ONSHORE OIL and GAS FILEDS WILL DRIVE THE MARKET FOR DRILLING and COMPLETION FLUIDS IN NORTH AMERICA 114
FIGURE 41 COMPANIES HAVE ADOPTED MERGERS and ACQUISITIONS AS THE KEY GROWTH STRATEGY IN THE PAST FOUR EARS 121
FIGURE 42 DRILLING AND COMPLETION FLUIDS MARKET SHARE ANALYSIS BY KEY PLAYERS, 2013 122
FIGURE 43 MARKET EVALUATION FRAMEWORK - MERGERS and ACQUISITIONS HAVE BEEN THE MOST PREFERRED STRATEGIES IN THE DRILLING FLUIDS MARKET 123
FIGURE 44 BATTLE FOR MARKET SHARE: MERGERS and ACQUISITIONS HAVE BEEN KEY STRATEGY 124
FIGURE 45 BAKER HUGHES: BUSINESS OVERVIEW 131
FIGURE 46 BAKER HUGHES: SWOT ANALYSIS 134
FIGURE 47 HALLIBURTON: BUSINESS OVERVIEW 135
FIGURE 48 HALLIBURTON: SWOT ANALYSIS 137
FIGURE 49 M-I SWACO: BUSINESS OVERVIEW 138
FIGURE 50 M-I SWACO: SWOT ANALYSIS 141
FIGURE 51 NEWPARK RESOURCES: BUSINESS OVERVIEW 142
FIGURE 52 NEW PARK RESOURCES INC.: SWOT ANALYSIS 144
FIGURE 53 TETRA TECHNOLOGIES INC.: BUSINESS OVERVIEW 145
FIGURE 54 TETRA TECHNOLOGIES INC.: SWOT ANALYSIS 148
FIGURE 55 AKZONOBEL: BUSINESS OVERVIEW 149
FIGURE 56 CANADIAN ENERGY SERVICES and TECHNOLOGY CORP.: BUSINESS OVERVIEW 152
FIGURE 57 NATIONAL OILWELL VARCO: BUSINESS OVERVIEW 155
FIGURE 58 SCOMI GROUP: BUSINESS OVERVIEW 157
FIGURE 59 SECURE ENERGY SERVICES: BUSINESS OVERVIEW 160
FIGURE 60 WEATHERFORD: BUSINESS OVERVIEW 163
FIGURE 61 CHEVRON PHILLIPS CHEMICAL COMPANY: BUSINESS OVERVIEW 165
FIGURE 62 ANCHOR DRILLING FLUIDS USA: BUSINESS OVERVIEW 168
FIGURE 63 GLOBAL DRILLING FLUIDS and CHEMICALS: BUSINESS OVERVIEW 170

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