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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

ivities in Europe are carried out in Russia and the North Sea adjoining Norway and the U.K.

This report also provides an extensive competitive landscape of companies operating in the drilling and completion fluid market such as Baker Hughes, Halliburton, Tetra Technologies, Inc., M-I SWACO, Anchor Drilling Fluids USA, Inc., and Newpark Resources, Inc. Regional market shares, new product/service launches, mergers and acquisitions, and product portfolios of key market players have been elaborated upon in the report.
http://www.micromarketmonitor.com/market/europe-drilling-fluid-completion-fluid-9196506726.html

Asia-Pacific Drilling Fluid & Completion Fluid Market
The Asia-Pacific drilling and completion fluid market was valued at $1,638.24 million in 2013 and is forecasted to reach $2,386.23 million by 2018, growing at a CAGR of 7.80% from 2013 to 2018. The water-based system in drilling and completion fluids accounted for $1,013.25 million in 2013. Asia-Pacific is the second-largest market in the global drilling and completion fluid market with an estimated market share of about 15% in 2013.

Rise in drilling for shale oil and gas reserves and high drilling activities in the Asia-Pacific region are the major reasons for the growth of the drilling and completion fluid market. Regions such as Australia and China have huge shale reserves where drilling activities are starting; thus, they are set to become huge markets for drilling and completion fluids in the coming years.

Source: PRWeb
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