The Report “Middle East 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”, is estimated to reach $771.8 million by 2019, growing at a CAGR of 5.2% from 2014 to 2019.
Browse through the TOC of the Middle East Drilling and Completion Fluids Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The increasing energy demand, rise in population, and discovery of new shale reserves are putting pressure to drill at greater depths and in deep and ultra deepwater locations. The recent increase in oilfield discoveries and rise in drilling activities, especially for those focusing on crude oil, has positively impacted the drilling and completion fluids market. These factors have been the major drivers of this market. The price trend of crude oil and natural gas will support remote offshore sites and shale exploration.
The Middle East holds the largest oil & gas reserves across the globe. Due to the increasing demand for oil & gas, the pressure to perform enhanced oil recovery has increased tremendously in the region, driving the drilling and completion fluids market.
This market has been segmented and forecast on the basis of type, application, and geography. The market has been segmented on the basis of type into water-based, oil-based, synthetic-based, and others. The market, by application, has been categorized into offshore and onshore operations. The market has been further segmented and forecast on the basis of major countries, such as Oman and Saudi Arabia.
This report also includes the market share, supply chain, and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in the market, including major companies which provide drilling fluids.
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