According to the latest report by IMARC Group, the global drilling and completion fluids market is currently witnessing strong growth. Drilling and completion fluids facilitate oil and gas production and exploration. Drilling fluids, or drilling mud, are viscous fluid mixtures added to the wellbore to transport solids and stabilize exposed rock formations by coating the walls.

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Global Drilling And
Completion Fluids Market
Research Report and Forecast
2021-2026
Author: Elena Anderson,
Marketing Manager |
IMARC Group
© 2019 IMARC All Rights Reserved

2. Report Description
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3. Report Description
Report Description and Highlights
Global Drilling And Completion Fluids Market Outlook 2026:
According to the latest report by IMARC Group, titled “Drilling and Completion Fluids Market:“Global
Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global drilling and
completion fluids market is currently witnessing strong growth.
Drilling and completion fluids facilitate oil and gas production and exploration. Drilling fluids, or drilling
mud, are viscous fluid mixtures added to the wellbore to transport solids and stabilize exposed rock
formations by coating the walls.
effectively planned and maintained drilling-fluid system significantly increases the penetration rate
when drilling and protects the reservoir from damage.
On the other hand, completion fluids are solids-free liquids used to “complete” an oil or gas well. They
improve well productivity by minimizing damage to the producing zone, and help prepare, repair and
clean out the wellbore during the completion phase.
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market/requestsample

4. Report Description
Report Description and Highlights
Global Drilling And Completion Fluids Market Trends:
Over the years, the demand for drilling and completion fluids has escalated as they deliver superior
performance, resulting in lower well costs.
Apart from this, increasing investments in shale gas exploration have led to a rise in the adoption of
drilling and completion fluids, as they help in controlling the pressure in the wellbore, prolong the life
of the drilling equipment by reducing friction and associated heat, and facilitate final operations before
the production phase.
Moreover, governments of various nations are undertaking favorable initiatives to promote the
utilization of sustainable drilling and completion fluids.
In line with this, market players are developing recyclable and biodegradable variants of completion
and drilling fluids.
Along with this, the utilization of nanotechnology in the development of high-performance fluids has
significantly contributed to the growth of the market.

5. Market Summary:
Breakup by System Type:
• Water-based System
• Oil-based System
• Synthetic Fluid-based System
• Others
Breakup by Well Type:
• HPHT (High Pressure High Temperature) Wells
• Conventional Wells
Breakup by Application:
• Onshore
• Offshore
Report Description
Report Description and Highlights

6. Breakup by Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
On account of the aforementioned factors, the market is anticipated to witness strong growth during
2021-2026.
Report Description
Report Description and Highlights

7. Competitive Landscape With Keyplayer:
• Baker Hughes Company
• CES Energy Solutions
• Chevron Phillips Chemical
• Drilling Fluids & Chemicals Limited
• Halliburton Company
• National Oilwell Varco Inc.
• Newpark Resources Inc.
• Q'Max Solutions Inc.
• Sagemines
• Schlumberger
• Scomi Group Berhad
• Secure Energy Services Inc.
• Tetra Technologies Inc.
• Weatherford International
View Report TOC, Figures and Tables: https://www.imarcgroup.com/drilling-completion-fluids-
market
Report Description
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8. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

10. Report Description
Report Description and Highlights
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