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2017 Forecast – Asia Pacific Drilling & Completion Fluids Market, Industry Size, Share, Analysis and Opportunities to 2023

Friday, March 17, 2017 4:26
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(Before It's News)

Latest industry research report on Drilling And Completion Fluids Market. The Asia-Pacific drilling and completion fluids market is driven by rapid growing drilling activities coupled with increasing volumes of oil & gas production. Concerns regarding environmental impact of drilling fluids along with strict government regulations are a key restraining factor that is expected to hinder the growth of the market. Development of advanced drilling fluid chemicals and focus on deep & ultra-deepwater reserves are key factors that would offer abundant growth opportunities in the market.

Drilling and completion fluids are most crucial for carrying out any drilling and exploration activity, and have large application in onshore as well as offshore gas & oil activities.

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The fluids is used for the purpose of suspending cuttings, controlling pressure, providing buoyancy, stabilizing exposed rock and cooling & lubricating. Drilling and completion fluids apply different types of fluids, such as water-based, oil-based, synthetic-based systems, and the choice of the base fluid depends on the cost, performance level, and environmental factors.

Asia-Pacific drilling and completion fluids market is segmented on the basis of types, application and countries.

Asia-Pacific Drilling & Completion Fluids Market By Type

  • Water-Based,
  • Synthetic-Based
  • Oil-Based
  • Others

Asia-Pacific Drilling & Completion Fluids Market By Application

  • On-shore
  • Off-shore

Asia-Pacific Drilling & Completion Fluids Market By Country

  • China
  • Australia
  • Thailand
  • India
  • Indonesia

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Key Market Profile

  • M-I Swaco
  • Baker Hughes Inc.
  • Halliburton
  • Newpark Resources Inc.
  • Tetra Technologies Inc.
  • National Oilwell Varco
  • Scomi Group Bhd.

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