Albany, NY -- (SBWIRE) -- 09/07/2016 -- About Process of Drilling

The process of drilling is one of the most crucial links in not only the upstream sector but the entire oil and gas value chain. Once the presence of a commercial hydrocarbon reservoir is established by survey and analysis of the geophysical data, the actual drilling process begins. In the overall lifecycle of an oil and gas field project, the drilling process has two phases drilling activities carried out as part of the exploration stage and those related to the commercial extraction of hydrocarbons.

Technavios analysts forecast the Global Drilling and Completion Fluids Market to grow at a CAGR of 6.59% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global drilling and completion fluids market for 2016-2020. To calculate the market size, the report analyzes the regional markets. All the forecast pertaining to the broader market as well as the segments have been calculated considering 2015 as the base year.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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Technavio's report, Global Drilling and Completion Fluids Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Baker Hughes
Halliburton
Schlumberger
TETRA Technologies

Other prominent vendors
AkzoNobel
Canadian Energy Services
Chevron Phillips Chemical Company
CP Kelco
Imdex
Lamberti
Scomi

Market driver
Rise in use of horizontal and multilateral wells
For a full, detailed list, view our report

Market challenge
Focus on environment-friendly fluid classes
For a full, detailed list, view our report

Market trend
Hike in price of drilling and completion fluids
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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