Europe Drilling and Completion Fluids Market by Type (Water Based, Synthetic Based, Oil Based & others), By Application (onshore & Offshore), By Countries - Regional Trend & Forecast to 2019

The European drilling and completion fluids market is expected to grow at a CAGR of 6.5% during the forecast period. Drilling and completion fluids are essential consumables for conducting any drilling and exploration activities. These fluids use different types of base fluids, such as water-based systems, oil-based systems, synthetic-based systems, and others. The usage of a base fluid in a drilling and completion fluid depends on its cost, the desired performance, and environmental impact. The drilling and completion fluids market is directly dependent on drilling activities carried out across the globe. The recent increase in oilfield discoveries and rise in drilling activities are likely to drive the drilling and completion fluids market in the next five years. Growing world energy demand and rise in population are creating pressure to drill at high depths and enter deep and ultra-deep waters. These factors have been the major drivers of the drilling and completion fluids market.

Russia is the market leader given maximum drilling and exploration activities take place in this region. It is the market leader in the European oil & gas sector; the continuous rise in onshore drilling activities has provided growth opportunities to the key players. The North Sea adjoining Norway and U.K. comprises 80% of the total drilling and completion fluids market for the offshore application.

Scope of the Report:

The report focuses on drilling and completion fluids used in onshore and offshore application areas. The segmentation followed in the report has been listed below.

On the basis of application area

• Onshore
• Offshore

On the basis of type

• Water-based systems
• Oil-based systems
• Synthetic-based systems
• Others

On the basis of country

• Russia
• Norway
• U.K.

Table of Contents

1 Introduction (Page No. - 10)
    1.1 Objectives of the Study
    1.2 Market Segmentation and Coverage
    1.3 Stakeholders

2 Research Methodology (Page No. - 13)
    2.1 Integrated Ecosystem of the Europe Drilling and Completion Fluids Market
    2.2 Arriving at the Europe Drilling and Completion Fluids Market Value
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand Side Approach
           2.2.4 Macro Indicator-Based Approach
    2.3 Assumptions

3 Executive Summary (Page No. - 21)

4 Market Overview (Page No. - 23)
    4.1 Introduction
    4.2 Europe Drilling and Completion Fluids Market: Comparison With Parent Market
    4.3 Market Drivers and Inhibitors
    4.4 Key Market Dynamics
    4.5 Demand Side Analysis

5 Europe Drilling and Completion Fluids Market, By Application (Page No. - 30)
    5.1 Introduction
    5.2 Europe Drilling and Completion Fluids Market, By Country, 2013-2019 (USD MN)
    5.3 Europe Offshore Drilling and Completion Fluids Market, By Country, 2013-2019 (USD MN)
    5.4 Sneak View: Europe Drilling and Completion Fluids Market, By Application

6 Europe Drilling and Completion Fluids Market, By Type (Page No. - 35)
    6.1 Introduction
    6.2 Europe Water-Based System Market, By Country
    6.3 Europe Oil-Based System Market, By Country
    6.4 Europe Synthetic-Based System Market, By Country
    6.5 Sneak View: Europe Drilling and Completion Fluids Market

7 Europe Drilling and Completion Fluids Market, By Country (Page No. - 41)
    7.1 Introduction
    7.2 Russia Drilling and Completion Fluids Market
           7.2.1 Russia Drilling and Completion Fluids Market, By Application
           7.2.2 Russia Drilling and Completion Fluids Market, By Type
    7.3 Norway Drilling and Completion Fluids Market
    7.4 Norway Drilling and Completion Fluids Market, By Application
           7.4.1 Norway Drilling and Completion Fluids Market, By Type
    7.5 U.K. Drilling and Completion Fluids Market
    7.6 U.K. Drilling and Completion Fluids Market, By Application
    7.7 U.K. Drilling and Completion Fluids Market, By Type

8 Europe Drilling and Completion Fluids Market: Competitive Landscape (Page No. - 54)
    8.1 Europe Drilling and Completion Fluids Market: Company Share Analysis
    8.2 Company Presence in the Europe Drilling and Completion Fluids Market, By Type
    8.3 Mergers & Acquisitions
    8.4 Expansions
    8.5 Contracts/Agreements
    8.6 New Product and Technology Launches

9 Europe Drilling and Completion Fluids Market, By Company (Page No. - 59)
    9.1 Baker Hughes
           9.1.1 Overview
           9.1.2 Company Financials
           9.1.3 Product and Service Offerings
           9.1.4 Related Developments
           9.1.5 MMM Analysis
    9.2 Halliburton
           9.2.1 Overview
           9.2.2 Company Financials
           9.2.3 Product and Service Offerings
           9.2.4 Related Developments
           9.2.5 MMM Analysis
    9.3 M-I Swaco
           9.3.1 Overview
           9.3.2 Company Financials
           9.3.3 Product and Service Offerings
           9.3.4 Related Developments
           9.3.5 MMM Analysis
    9.4 Newpark Resources Inc.
           9.4.1 Overview
           9.4.2 Company Financials
           9.4.3 Key Financials
           9.4.4 Product and Service Offerings
           9.4.5 Related Developments
           9.4.6 MMM Analysis
    9.5 Tetra Technologies Inc.
           9.5.1 Overview
           9.5.2 Company Financials
           9.5.3 Key Financials
           9.5.4 Product and Service Offerings
           9.5.5 Related Developments
           9.5.6 MMM Analysis
    9.6 Akzonobel NV
           9.6.1 Overview
           9.6.2 Company Financials
           9.6.3 Key Financials
           9.6.4 Product and Service Offerings
           9.6.5 Related Developments
           9.6.6 MMM Analysis
    9.7 National Oilwell Varco Inc.
           9.7.1 Overview
           9.7.2 Company Financials
           9.7.3 Key Financials
           9.7.4 Product and Service Offerings
           9.7.5 Company Development
           9.7.6 MMM Analysis

10 Appendix (Page No. - 85)
     10.1 Customization Options
             10.1.1 Products and Services Benchmarking Analysis
             10.1.2 Regulatory Framework
             10.1.3 Impact Analysis
             10.1.4 Current Industry Challenges
             10.1.5 Historical Data and Trends
             10.1.6 Drilling and Completion Fluids In-Depth Value Chain Analysis
     10.2 Related Reports
     10.3 Introducing RT: Real Time Market Intelligence
             10.3.1 RT Snapshots

List of Tables (48 Tables)

Table 1 Europe Drilling and Completion Fluids Market, By Application, 2013 (USD MN)
Table 2 Europe Drilling and Completion Fluids Market: Macro Indicators, By Country, 2013
Table 3 Europe Drilling and Completion Fluids Market: Comparison With Parent Market, 2013-2019 (USD MN)
Table 4 Europe Drilling and Completion Fluids Market: Drivers and Inhibitors
Table 5 Europe Drilling and Completion Fluids Market, By Application, 2013-2019 (USD MN)
Table 6 Europe Drilling and Completion Fluids Market, By Type, 2013-2019 (USD MN)
Table 7 Europe Drilling and Completion Fluids Market, By Country, 2013-2019 (USD MN)
Table 8 Europe Drilling and Completion Fluids Market, By Application, 2013-2019 (USD MN)
Table 9 Europe Drilling and Completion Fluids Market, By Application, 2013-2019 (USD MN)
Table 10 Europe Onshore Drilling and Completion Fluids Market, By Country, 2013-2019 (USD MN)
Table 11 Europe Offshore Drilling and Completion Fluids Market, By Country, 2013-2019 (USD MN)
Table 12 Europe Drilling and Completion Fluids Market, By Type, 2013-2019 (USD MN)
Table 13 Europe Water-Based System Market, By Country, 2013-2019 (USD MN)
Table 14 Europe Oil-Based System Market, By Country, 2013-2019 (USD MN)
Table 15 Europe Synthetic-Based System Market, By Country, 2013-2019 (USD MN)
Table 16 Europe Drilling and Completion Fluids Market, By Country, 2013-2019 (USD MN)
Table 17 Russia Drilling and Completion Fluids Market, By Application, 2013-2019 (USD MN)
Table 18 Russia Drilling and Completion Fluids Market, By Type, 2013-2019 (USD MN)
Table 19 Norway Drilling and Completion Fluids Market, By Application, 2013-2019 (USD MN)
Table 20 Norway Drilling and Completion Fluids Market, By Type, 2013-2019 (USD MN)
Table 21 U.K. Drilling and Completion Fluids Market, By Application, 2013-2019 (USD MN)
Table 22 U.K. Drilling and Completion Fluids Market, By Type, 2013-2019 (USD MN)
Table 23 Europe Drilling and Completion Fluids Market: Company Share Analysis, 2013
Table 24 Europe Drilling and Completion Fluids Market: Mergers & Acquisitions
Table 25 Europe Drilling and Completion Fluids Market: Expansions
Table 26 North America Drilling and Completion Fluids Market: Contracts/Agreements
Table 27 Europe Drilling and Completion Fluids Market: New Product and Technology Launches
Table 28 Baker Hughes: Key Financials, 2009-2013 (USD MN)
Table 29 Net Sales, By Business Segment, 2009-2013 (USD MN)
Table 30 Net Sales, By Geographical Segment, 2009-2013 (USD MN)
Table 31 Halliburton: Key Financials, 2009-2013 (USD MN)
Table 32 Net Sales: Business Segment, 2009-2013 (USD MN)
Table 33 Net Sales: By Geographical Segment, 2009-2013 (USD MN)
Table 34 Schlumberger: Key Financials, 2009- 2013 (USD MN)
Table 35 Net Sales, By Business Segment, 2010-2013 (USD MN)
Table 36 Net Sales, By Geographical Segment, 2009-2013 (USD MN)
Table 37 Newpark Resources Inc.: Key Financials, 2009-2013 (USD MN)
Table 38 Net Sales, By Business Segment, 2010-2013 (USD MN)
Table 39 Net Sales By Geographical Segment, 2009-2013 (USD MN)
Table 40 Tetra Technologies: Key Financials, 2009-2013 (USD MN)
Table 41 Net Sales, By Business Segment, 2009-2013 (USD MN)
Table 42 Net Sales, By Geographical Segment, 2009-2013 (USD MN)
Table 43 Akzonobel Nv: Key Financials, 2009-2013 (USD MN)
Table 44 Net Sales, By Business Segment, 2009-2013 (USD MN)
Table 45 Net Sales, By Geographical Segment, 2009-2013 (USD MN)
Table 46 National Oilwell Varco Inc.: Key Financials, 2009-2013 (USD MN)
Table 47 Net Sales, By Business Segment, 2009-2013 (USD MN)
Table 48 Net Sales, By Geographical Segment, 2009-2013 (USD MN)

List of Figures (44 Figures)

Figure 1 European Drilling and Completion Fluids Market: Segmentation & Coverage
Figure 2 Europe Drilling and Completion Fluids Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand Side Approach
Figure 7 Macro Indicator-Based Approach: Number of Wells (2013)
Figure 8 Europe Drilling and Completion Fluids Market Snapshot
Figure 9 Drilling and Completion Fluids Market: Growth Aspects
Figure 10 Europe Drilling and Completion Fluids Market, By Type, 2013 (USD MN)
Figure 11 Europe Drilling and Completion Fluids Market, By Application, 2013 (USD MN)
Figure 12 Europe Drilling and Completion Fluids Market, By Application, 2014 & 2019 (USD MN)
Figure 13 Europe Onshore Drilling and Completion Fluids Market, By Country, 2013-2019 (USD MN)
Figure 14 Europe Offshore Drilling and Completion Fluids Market, By Country, 2013-2019 (USD MN)
Figure 15 Sneak View: Europe Drilling and Completion Fluids Market, By Application, 2014 & 2019 (USD MN)
Figure 16 Europe Drilling and Completion Fluids Market, By Type, 2014 & 2019 (USD MN)
Figure 17 Europe Water-Based System Market, By Country, 2013-2019 (USD MN)
Figure 18 Europe Oil-Based System Market, By Country, 2013-2019 (USD MN)
Figure 19 Europe Synthetic-Based System Market, By Country, 2013-2019 (USD MN)
Figure 20 Europe Drilling and Completion Fluids Market: Growth Analysis, By Country, 2014 & 2019 (USD MN)
Figure 21 Russia Drilling and Completion Fluids Market Overview, 2014 & 2019
Figure 22 Russia Drilling and Completion Fluids Market, By Application, 2013-2019 (USD MN)
Figure 23 Russia Drilling and Completion Fluids Market: Application Snapshot
Figure 24 Russia Drilling and Completion Fluids Market, By Type, 2014-2019 (USD MN)
Figure 25 Russia Drilling and Completion Fluids Market Share (Value), By Type, 2014 & 2019 (%)
Figure 26 Norway Drilling and Completion Fluids Market Overview, 2014 & 2019
Figure 27 Norway Drilling and Completion Fluids Market, By Application, 2013-2019 (USD MN)
Figure 28 Norway Drilling and Completion Fluids Market: Application Snapshot
Figure 29 Norway Drilling and Completion Fluids Market, By Type, 2014-2019 (USD MN)
Figure 30 Norway Drilling and Completion Fluids Market Share (Value), By Type, 2014 & 2019 (%)
Figure 31 U.K. Drilling and Completion Fluids Market Overview, 2014 & 2019
Figure 32 U.K. Drilling and Completion Fluids Market, By Application, 2013-2019 (USD MN)
Figure 33 U.K. Drilling and Completion Fluids Market: Application Snapshot
Figure 34 U.K. Drilling and Completion Fluids Market, By Type, 2014-2019 (USD MN)
Figure 35 U.K. Drilling and Completion Fluids Market: Type Snapshot
Figure 36 Europe Drilling and Completion Fluids Market: Company Share Analysis, 2013
Figure 37 Europe Drilling and Completion Fluids: Company Product Coverage, By Type, 2013
Figure 38 Baker Hughes Revenue Mix, 2013
Figure 39 Halliburton Revenue Mix, 2013
Figure 40 Schlumberger Revenue Mix, 2013
Figure 41 Newpark Resources Inc. Revenue Mix, 2013
Figure 42 Tetra Technologies Revenue Mix, 2013
Figure 43 Akzonobel Revenue Mix, 2013
Figure 44 National Oilwell Varco Inc. Revenue Mix, 2013

The European drilling and completion fluids market has been segmented on the basis of type, application, and country. The major types of drilling and completion fluids include water-based systems, oil-based systems, synthetic-based systems, and others. The applications covered in the report are onshore and offshore. Russia is the market leader in the European oil & gas industry.

The majority of drilling and exploration activities are carried out in Russia and the North Sea, adjoining Norway and the U.K. The water-based systems segment captures the major market share, followed by oil and synthetic-based systems.

The European drilling and completion fluids market is estimated to grow at a CAGR of 6.5% during the forecast period.

A number of factors, such as growth in drilling activities, increase in oil production, and technological developments drive the European market. However, environmental concerns, stringent government regulations, and shortage of professionals are the challenges faced by the market players. Europe has been very conscious about its environment, and strict environmental regulations are also a major challenge.

In the European drilling and completion fluids market, leading players are adopting strategies such as new product launches, investment in research and development, agreements, collaborations, joint ventures, and expansions. Collaborations, investments, and agreements with research institutes, oil & gas universities for technological innovation have been adopted by players to retain their position in the market. Innovation and research & development are the key strategies adopted by them. These growth strategies help a company in enhancing its market position, providing cost-effective technologies, and give a competitive edge.

M-I Swaco (U.S.), Halliburton (U.S.), Baker Hughes (U.S.), and Newpark Resources Inc. (U.S.) are the key players of the European drilling and completion fluids market. The major players focussed on new product launches to maintain customer base, thereby strengthening their market share.