openPR Logo
Press release

Water-based Drilling and Completion Fluids Market Study by 2028 | Weatherford, Schlumberger, National Oilwell Varco

11-26-2020 12:50 PM CET | Energy & Environment

Press release from: TMR Research

TMR Research

TMR Research

Global Water-based Drilling and Completion Fluids Market: Overview

Drilling and completion fluids of different rheological properties serve several purposes of oil and gas drilling operations. Water-based drilling fluid also called mud fluids facilitate oilfield service operations by meeting numerous reservoir conditions for a cost-effective and reliable borehole drilling. Hydrocarbon exploration and oil and gas producing companies, world over, have been extensively using water-based drilling and completion fluids in large-scale operations. Their characteristic non-toxicity makes them preferable than most other types.

Get Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=5157

Drilling engineers try various additives in water-based drilling and completion fluids to improve the drilling-fluid properties of the resultant formulations, so that overall this leads to higher cost savings in well drilling. The global water-based drilling and completion fluids market will see a large number of avenues from growing number of drilling activities in challenging oilfield environments.

Global Water-based Drilling and Completion Fluids Market: Notable Developments

Rapidly rising numbers of offshore oil and gas explorations over recent years has stimulated mud engineers to fine tune rheological properties. This has increased the scope of novel additives, mainly based on environmentally acceptable alternatives.

A case in point is the growing popularity of polyanionic cellulose as an oilfield chemical in the water-based drilling and completion fluids market. The additive allows drilling engineers to control the viscosity and filtration properties of water-based drilling and completion fluids. In the past couple years, this has been found to be more beneficial than conventional clay used as the additive. In the late 2018, one of the novel formulations of water-based drilling and completion fluids with high-temperature tolerance was designed and tested in oil reservoir lying offshore Sarawak, Malaysia.
Extraction of oil resources in new finds with demanding reservoir conditions has made it imperative for using better water-based drilling and completion fluids for environmental risk assessment.

A case in point is the recent discovery of Brulpadda gas in southern coast of South Africa. The production hasn’t taken off but the oil and gas industry has been cautious in following all protocols to avoid accident risk. In these measures, water-based drilling and completion fluids have come to occupy an important position.
Key players in the water-based drilling and completion fluids market include Weatherford, Schlumberger, National Oilwell Varco, and Baker Hughes.

Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=5157

Global Water-based Drilling and Completion Fluids Market: Key Growth Dynamics

Rising rig count activity in a number of countries has propelled attractive strides witnessed by the global water-based drilling and completion fluids market in recent years. This in part is fueled by tougher environmental regulations. The water-based drilling and completion fluids market is notably bolstered by growing need for better lubricants for developing formulations for demanding reservoir conditions.

Good drilling practices make it imperative for mud engineers to modify the rheological properties of water-based drilling and completion fluids to meet reservoir pore pressure and temperature conditions. These changes are mostly pertain to viscosity and cuttings carrying capacity.

Numerous findings from recent testing and development initiatives by companies have cemented the efforts of drilling engineers to aim for better chemistries in water-based drilling and completion fluids. Such pursuits fuel the growth dynamics of the water-based drilling and completion fluids market. Environmentally acceptable alternatives for conventional additives have also gained striking traction in the water-based drilling and completion fluids market.

The advent of nanotechnology has enabled mud engineers to enhance the thermal and electrical properties of water-based drilling and completion fluids. Recently, nanofluids-enhanced water-based mud has come to hold a promising potential in this direction.

Read Comprehensive Overview of Report @ https://www.tmrresearch.com/water-based-drilling-and-completion-fluids-market

Global Water-based Drilling and Completion Fluids Market: Regional Assessment

Regionally, North America hold vast potential in the water-based drilling and completion fluids market. Swelling exploration and production activities in the oil and gas industry has been offering a large, sustained momentum to the regional market. Some of the other promising regional markets for water-based drilling and completion fluids market are Asia Pacific and the Middle East. The growth is also propelled by rising numbers of exploration of new gas reservoirs.

About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends

Contact:

TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Water-based Drilling and Completion Fluids Market Study by 2028 | Weatherford, Schlumberger, National Oilwell Varco here

News-ID: 2196611 • Views: 416

More Releases from TMR Research

Beer Stabilizers Market In-Depth Overview, Growth Factors, Regional Analysis And …
Global Beer stabilizers Market: Snapshot Beer is one of the most consumed beverage across the globe after tea and coffee. Rising preference for beer and stronger beverages, increasing standards of living, and changing perception towards beer are few other driving factors accelerating growth in the global beer stabilizers market. Changing climatic conditions and rising temperature changes the taste of the beer, therefore to maintain the taste and the quality of the
Collaboration Tools Market Industry Challenges, Business Overview and Forecast R …
Collaboration Tools Market: Overview The collaboration tools market may garner considerable momentum across the forecast period of 2019-2029 owing to the rising trend of remote work over the advent of the novel coronavirus pandemic. The humungous growth of the collaboration tools market is attributed to the rising number of remote workers around the world. Collaboration tools are no longer an option but a necessity to prevent the transmission of SARS-CoV-2. The
Truffles Market Reviews, Drivers, Strategies, Top Key Vendors - Forecast Till 20 …
Global Truffles Market: Overview The demand within the global truffles market has been rising on account of advancements in the field of calcareous farming. Although truffle is a form og underground fungus, it is used in the food industry for the preparation of special cuisines. The farming of truffle is majorly done across broadleaved woodlands, and this has given an impetus to the growth of the global truffles market. Truffle has
Waste Oils and Fats Market Growth and Restrain Factors Analysis 2018 – 2028
Waste oils and fats are the type of any kind of synthetic or petroleum-based oils and fats that have never been put to use due to its compromised quality, often due to contamination. Waste oils and fats are considered unsuitable for their desired end-use or original purpose due to their lower quality or loss of their original characteristics or presence of impurities. Get Brochure of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=4533 Waste oils and

All 5 Releases


More Releases for Drilling

Air Core Drilling Market By Application Dust Drilling, Mist Drilling and Foam Dr …
Allied Market Research published a new report, titled, " Air Core Drilling Market by Application (Dust Drilling, Mist Drilling, Foam Drilling, Aerated Fluid Drilling, and Nitrogen Membrane Drilling), by End-use Industry (Oil & Gas, Mining, and Construction) - Global Opportunity Analysis and Industry Forecast, 2020-2027." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a
Horizontal Directional Drilling Market
https://www.qandqmarketresearch.com/reports/7588092/horizontal-directional-drilling-market-45 The global market size of Horizontal Directional Drilling is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024. Global Horizontal Directional Drilling Market Report 2019 Market Size, Share, Price, Trend and Forecast is a professional and indepth study on the current state of the global Horizontal Directional
Drilling Machine Market Report 2018: Segmentation by Type (Portable Drilling Mac …
Global Drilling Machine market research report provides company profile for Halliburton, Atlas Copco, Torquado Drilling Accessories, DATRON, DMTG, DMG MORI, SMTCL, NewTech Drilling Products, Baker Huges, Cheston, National Oilwell Varco and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the
Auger Drilling Market highly fragmented & competitive 2025 - American Drilling R …
Global Auger Drilling Market: Snapshot Auger drilling involves the task of drilling through massive depths that are enough for mining companies to search for minerals seated well below the ground level. One of the distinct features of auger drilling is that it engages three blades attached to a hollow tube that hold the potential to cut through the earth’s surface. The hollow tube of an auger drill is capable of separating
Drilling Rigs Market - Onshore drilling activities have reached maturity
Around the world, there are seven different types of drilling rigs that are currently in use for offshore operations. Drilling rigs are available in a number of sizes that range from single person operated to those capable of making holes several thousands of meters below the earth’s surface. Not only can this, drilling rigs test sub-surface material for a know-how of physical properties of a drill site. Drilling in oil and
Drilling tools – solid drilling, roughing and fine boring By QyResearchReports
Qyresearchreports include new market research report 2017-2022 Drilling Tools Report on Global and United States Market, Status and Forecast, by Players, Types and Applications to its huge collection of research reports. The exploration report here talks about around a few viewpoints relating to the worldwide Drilling Tools market which articulates the present insights and future prospects with reference to the elements at play. The essential point of the exploration report is