DUBLIN, June 5, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/qwwt4l/drilling_fluids) has announced the addition of the "North American Drilling Fluids Market Report 2014 - Forecasts to 2019" report to their offering.
Drilling fluids play an important role in the drilling process for bore wells, mineral extraction and oil and gas extraction. During drilling, drilling fluids are pumped down the drill stem and forced out through jets in the bit. The drilling fluid returns to the surface through the space between the borehole wall and the drill stem.
It carries the drill cuttings drilled out by the drill bit. These fluids, also known as drilling mud are used to carry rock cuttings to the surface, and lubricate and cool the drill bits also maintain stability of the well. In addition, drilling fluids also function as biocides and weighing agents, emulsifiers, defoamers, filtration reducers, shale inhibitors, corrosion inhibitors, with specific additives.
Growing demand for drilling activities supplemented by the shift towards exploring and developing deep sea reserves and increasing implementation of horizontal drilling is expected to bolster the growth of drilling fluids market in North America.
Increasing focus towards developing unconventional resources such as shale oil/gas, coal bed methane and other resources is also likely to drive the market growth in coming years. Increasing environmental concerns regarding the use of drilling fluids coupled with the raising concerns over the disposal of waste drilling fluids and contamination are some of the factors that are likely to restrain market growth.
Based on the oil and gas industry, the drilling fluids market can be segmented into offshore and onshore. Onshore oil and gas application is expected to dominate the North America drilling fluids market over the coming years. The application is expected to grow on account of developments in the onshore drilling activities in North America.
Offshore oil and gas is the smaller application which is expected to grow in future owing to increase in offshore drilling activities. The market comprises of key product segments such as Water based fluids (WBF), Oil based fluids (OBF) and Synthetic based fluids (SBF).
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 North America Drilling Fluids: Industry Analysis
Chapter 4 Drilling Fluids: Product Segment Analysis
Chapter 5 Drilling Fluids: Application Segment Analysis
Chapter 6 North American Drilling Fluids: Country Analysis
Chapter 7 Company Profiles
- Anchor Drilling Fluids USA Inc.
- Baker Hughes Incorporated
- Canadian Energy Services & Technology Corp.
- China Oilfield Services Limited
- Halliburton Company
- National Oilwell Varco
- Newpark Resources Inc.
- Schlumberger Technology Corporation
- Weatherford International Ltd.
For more information visit http://www.researchandmarkets.com/research/qwwt4l/drilling_fluids
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SOURCE Research and Markets