Oilfield Chemicals Market | Baker Hughes Inc., Halliburton, Schlumberger Ltd., Weatherford International Ltd, Diamoco Group

Chemical components that are majorly used in oil & gas extraction operations are called as oilfield chemicals. Oilfield chemicals find applications in cementing, enhanced oil recovery, drilling fluids, well stimulation, production chemicals, and workover & completion.

Oil, which is produced in the oilfield usually contains large amount of water that gets mixed with the oil through oil drilling process or naturally, especially in offshore drilling and wells. It is important to separate the oil from the water so as to purify it, as well as to reduce the corrosion of the containers ferrying the oil and pipelines. Among the applications, demulsifiers are used for this purpose in the oilfield. Demulsifiers are used to reduce the density of the oil, causing easier separation of the two chemicals, while at the same time reducing the corrosion of pipelines that might lead to higher maintenance costs of equipment.

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Detailed Segmentation:

Global Oilfield Chemicals Market, By Application:

Upstream

Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals

Midstream

Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others

Downstream

Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives

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Oilfield chemicals find application in water treatment process. As population is growing, current water supply has to satisfy increasing demands. Hence, chemical industry uses innovative ways of water treatment, in order to make water acceptable for end-use, such as industrial, cooking, irrigation, and drinking purpose.

Furthermore, key players in the market are focused on adopting strategies such as technological development and collaborations, in order to strengthen their footprint in the global oilfield chemicals market. For instance, in 2017, Shell Petroleum Development Company of Nigeria Ltd (SPDC), a subsidiary of Royal Dutch Shell Plc., commenced production plant at Gbaran-Ubie Phase 2, a key project in the Niger Delta that will help to boost gas supply to the domestic market and maintain supply to the export market. The company expects to reach peak production at Gbaran-Ubie Phase 2, in 2019 with around 175,000 barrels of oil equivalent per day.

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