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Middle East Drilling Fluid & Completion Fluid Market is Expected to Reach $740 Million in 2018 - New Report by MicroMarket Monitor
Date:7/22/2014

constituted nearly 51% of the global drilling and completion fluid market in 2013.

Rise in drilling for shale oil, discoveries of coal bed methane (CBM), gas reserves and high drilling activities, and increased exploration and production activities, especially in offshore deep and ultra-deep waters in the North American region are the major reasons for the drilling and completion fluid market in North America. The lucrative and high investment areas of subsea regions in the U.S. and Canada are also driving the exponential growth of the market.

This report is designed to estimate, analyze, and forecast the revenue of drilling fluids across the North American market. With market data, we also provide customized MMM assessments that meet your company’s specific needs.
http://www.micromarketmonitor.com/market/north-america-drilling-fluid-completion-fluid-2200133703.html

Europe Drilling Fluid & Completion Fluid Market
The European drilling and completion fluid market was valued at $1,313.87 million in 2013 and is forecasted to reach $1, 766.42 million by 2018, growing at a CAGR of 6.10% from 2013 to 2018. The water-based system in drilling and completion fluids accounted for $809.99 million in 2013. The European region constituted nearly 12% of the global drilling and completion fluid market in the same year.

Increase in drilling and exploration activities for shale and other resources has led to widespread consumption of drilling fluids, which forms one of the reasons for the growth of the drilling and completion fluid market in Europe. The majority of drilling and exploration act
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