Saudi Arabia Oilfield Chemicals Market Forecast and Opportunities, 2020 - EOR-Gaining Ground in Saudi Arabia
DUBLIN, Aug. 04, 2015 /PRNewswire/ --
Research and Markets(http://www.researchandmarkets.com/research/crqdp2/saudi_arabia) has announced the addition of the "Saudi Arabia Oilfield Chemicals Market Forecast and Opportunities, 2020" report to their offering.
The oilfield chemicals market in Saudi Arabia is projected to surpass USD960 million by 2020.
Growth in the market is expected on account of rising oil & gas production, along with anticipated growth in the exploration of shale gas deposits in the country. Saudi Arabia is home to 100 major oil and gas fields, of which 8 oilfields produce more than 50% of crude oil every year. Most of these large-capacity oilfields lie in the eastern province of the country, due to which the eastern province continues to dominate the market in terms of revenue contribution. Saudi Aramco is currently the largest oil and gas operator in Saudi Arabia, while Baker Hughes is the leading oilfield chemicals producer, followed by Nalco Champion and REDA Oilfield.
Oilfield chemicals play a significant role at each stage of exploration and production of oil & gas, from drilling to transport of output from the field to refinery. Oilfield chemicals are used during this entire process with the prime objective of enhancing the production capacity and process efficiency. Saudi Arabia accounts for the second largest crude oil reserves globally, with a decent reserve to production ratio of 63.6 in 2014, depicting efficient utilization of proved reserves. Oil production and natural gas production in the country grew at a CAGR of 3.42% and 3.34%, respectively, during 2010-2014, consequently aiding the demand for oilfield chemicals. Moreover, increasing demand for fuel and energy in domestic as well as export market is shifting the focus of oil companies in Saudi Arabia towards offshore drilling activity, to further increase oil & gas production in the country. Rise in offshore drilling activities in Saudi Arabia, in addition to existing onshore activities, is anticipated to drive the demand for oilfield chemicals in the country over the next five years.
Saudi Arabia Oilfield Chemicals Market Forecast & Opportunities, 2020 elaborates on the following aspects of the oilfield chemicals market in Saudi Arabia:
- Saudi Arabia Oilfield Chemicals Market Size, Share and Forecast
- Segmental Analysis- Drilling Fluid Chemicals, Production Chemicals, Completion Fluid Chemicals, Cementing Chemicals/Additives, Well Stimulation Fluid Chemicals & EOR Chemicals
- Policy & Regulatory Landscape
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations
Market Trends & Developments
- Evolution of Shale Gas
- Offshore Drilling Activity
- Natural Gas Production
- EOR-Gaining Ground in Saudi Arabia
- Emerging Application Areas
Key Topics Covered:
1. Research Methodology
2. Analyst View
3. Product Overview
4. Global Oilfield Chemicals Market Overview
5. Saudi Arabia Oilfield Chemicals Market Outlook
6. Saudi Arabia Drilling Fluid Chemicals Market Outlook
7. Saudi Arabia Production Chemicals Market Outlook
8. Saudi Arabia Completion Fluid Chemicals Market Outlook
9. Saudi Arabia Cementing Chemicals/Additives Market Outlook
10. Saudi Arabia Well Stimulation Fluid Chemicals Market Outlook
11. Saudi Arabia Enhanced Oil Recovery Chemicals Market Outlook
12. Market Dynamics
13. Market Trends & Developments
14. Policy & Regulatory Landscape
15. Saudi Arabia Economic Profile
16. Competitive Landscape
17. Strategic Recommendations
Companies Mentioned
- AUBIN Group
- AkzoNobel
- Arabian Minerals and Chemicals Co. Ltd
- BAKER HUGHES Inc
- BASF SE
- CECA
- Clariant AG
- Halliburton Company
- Nalco Champion
- REDA Oilfield
- The Dow Chemical Company
For more information visit http://www.researchandmarkets.com/research/crqdp2/saudi_arabia
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
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