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Latin America Drilling Fluid & Completion Fluid Market is Expected to Reach $1.45 Billion in 2018 - New Report by MicroMarket Monitor
Date:7/22/2014

ompletion fluids accounted for $438.3 million in 2013. The African region constituted nearly 7% of the global drilling and completion fluid market in the same year.

Increase in drilling and exploration activities in onshore areas form one of the reasons for the growth of the drilling and completion fluid market in Africa. Offshore activities are mostly carried out in Angola which is a part of the Golden Triangle. Increase in drilling footage is also the driving force of this market. Countries likes Egypt, Algeria, and Nigeria are leading in oil and gas production in the African region.
http://www.micromarketmonitor.com/market/africa-drilling-fluid-completion-fluid-8784254335.html

Middle East Drilling Fluid & Completion Fluid Market
The Middle East drilling and completion fluid market was valued at $560.97 million in 2013 and is forecasted to reach $738.64 million by 2018, growing at a CAGR of 5.70% from 2013 to 2018. The water-based system in drilling and completion fluids accounted for $242.3 million in 2013. The Middle Eastern region constituted nearly 5% of the global drilling and completion fluid market in 2013.

Increase in drilling and exploration activities form one of the key reasons for the growth of the drilling and completion fluid market in the Middle East. Major investments made for drilling in Oman and Saudi Arabia are helping to increase the number of wells drilled and thus driving the growth of the market in the region. The Middle East is one of the stable markets for drilling and completion fluids and is expected to remain so in the coming years.

Source: PRWeb
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