Drilling Fluids Market Expected to Reach USD 12.31 Billion by 2018: Segments Analysis by Product, by Application, by Regions
Drilling fluids also known as drilling mud play a crucial role in the drilling process for oil and gas extraction, mineral extraction and bore wells. These fluids are used to remove cuttings and rock fragments, lubricate and cool drilling bits, control formation pressure and maintain stability of the well. In addition, drilling fluids also function as corrosion inhibitors, shale inhibitors, filtration reducers, defoamers, emulsifiers, breakers, biocides and weighting agents, with specific additives.
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