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The Middle East drilling and completion fluids market is estimated to grow at
a CAGR of 5.2% from 2014 to 2019. In the Middle East region, Oman is expected to
grow at the highest CAGR of 5.7% during the forecast period. The growth of the
drilling and completion fluids market is driven by factors such as increasing
drilling footage, increased oil & gas production, continuous rise in global
drilling activities, technological developments, and exploration activities for
shale gas. However, factors such as environmental impact of drilling fluids &
surrounding eco-systems and strict government regulations are some of the
restraints of the market. Moreover, development of advanced drilling fluid
chemicals is an opportunity for the major players in the Middle East region.
In this report, the Middle East drilling and completion fluids market has been
broadly classified by base fluids type, such as water-based fluids, oil-based
fluids, synthetic-based fluids, and others. Consumption of water-based fluids
will be highest compared to other types of fluids. The consumption of
water-based fluids is continuously increasing due to advanced comparable
performance & environment-friendly properties of water-based drilling and
completion fluids. Countries such as Oman and Saudi Arabia conduct a large
number of drilling and exploration activities owing to high energy demand, which
is supported by their huge oil & gas reserves.
Geographically, Oman and Saudi Arabia accounted for the largest share in the
drilling and completion fluids market in 2014. Factors such as availability of
oil & gas, increase in demand for completion fluids, and technological
advancements are the growth drivers for the country.
The Middle East drilling and completion fluids market is competitive with the
presence of a number of market players with niche technologies. As of 2014, this
market was estimated to be dominated by Schlumberger (U.S.), Baker Hughes (U.S.)
& Weatherford (Ireland). New product launches and partnerships, agreements,
collaborations, and joint ventures are the major strategies adopted by most
market players to achieve growth in the Middle East drilling and completion
Reasons to Buy the Report:
From an insight perspective, this research report has focused on various levels
of analysis—industry analysis, market share analysis of top players, demand &
supply side analysis, and company profiles, which together comprise and discuss
the basic views on the competitive landscape, emerging- and high-growth segments
of the drilling and completion fluids market, high-growth regions and countries,
and their respective regulatory policies, government initiatives, drivers,
restraints, and opportunities.
The report will enrich both established firms as well as new entrants/smaller
firms to gauge the pulse of the market, which in turn, will help the firms in
garnering a greater market share. Firms purchasing the report could use any one
or combination of the below mentioned five strategies (market penetration,
product development/innovation, market development, market diversification, and
competitive assessment) for strengthening their market share.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on drilling and completion
fluids market offered by the top players
• Product Development/Innovation: Detailed insights on upcoming technologies,
R&D activities, and new product launches in the drilling and completion fluids
• Market Development: Comprehensive information about lucrative emerging
markets. The report analyzes various drilling and completion fluids market
• Market Diversification: Exhaustive information about new products, untapped
geographies, recent developments, and investments in the drilling and completion
• Competitive Assessment: In-depth assessment of market shares, strategies,
products, and manufacturing capabilities of leading players of the Middle East
the drilling and completion fluids market.