Report

Drilling Fluid Technology Market: Developments, Opportunities and Market Trends [2016-2026]

The drilling fluid system (also termed as drilling mud system) is one of the single component systems of the well construction process that remains in contact with the wellbore throughout the rotary drilling process. Being an integral part of the drilling process, the problems encountered during the drilling of a well can directly or indirectly be attributed to the drilling fluids. Hence, the drilling fluids must be carefully selected so that it works in the specific wellbore conditions so as to fulfil its role in the drilling process. The cost of the drilling mud can reach as high as 10-15% of the total cost of the well. In view of high cost involved, an operating company may usually hire a service provider company continuously monitor the performance of drilling mud.

Primarily, drilling fluid serves the following aspects:

  • Remove cuttings from the wellbore
  • Prevent formation fluids flowing into the wellbore
  • Maintain wellbore stability
  • Cool and lubricate the bit, etc.

The need to aid the drilling of boreholes into the earth’s crust and to meet the drilling challenges in the near future, the E&P companies are investing in the drilling fluid technology. Onshore oil & gas operations emerged to hold the largest market of drilling fluid technology accounting for approximately 64% of total market revenue share. Furthermore, the offshore operations investment in drilling fluid market has been estimated to increase at a CAGR of XX % from 2016 to 2026.

The drilling fluid technology involves the pumping of a volume of fluid with specially designed mud pumps, through the drill string upto the drillbit, up the annular space in the wellbore, and back to the surface to the shale shakers and maintenance treatments as needed. The volume of fluid pumped depends on the well depth, rig size, etc. To sustain in the wellbore conditions and to get the most out of the pumped drilling fluid, certain additives are added to the fluid in order to change its chemical properties. Some of these additives are bentonite clay, barite, calcium carbonate, CMC, etc. All these additives have different functions and are categorized accordingly. The detailed study of drilling fluid additives is included in the report.

The drilling fluid technology involves the pumping of a volume of fluid with specially designed mud pumps, through the drill string upto the drillbit, up the annular space in the wellbore, and back to the surface to the shale shakers and maintenance treatments as needed. The volume of fluid pumped depends on the well depth, rig size, etc. To sustain in the wellbore conditions and to get the most out of the pumped drilling fluid, certain additives are added to the fluid in order to change its chemical properties. Some of these additives are bentonite clay, barite, calcium carbonate, CMC, etc. All these additives have different functions and are categorized accordingly. The detailed study of drilling fluid additives is included in the report.

The drilling fluid technology involves the pumping of a volume of fluid with specially designed mud pumps, through the drill string upto the drillbit, up the annular space in the wellbore, and back to the surface to the shale shakers and maintenance treatments as needed. The volume of fluid pumped depends on the well depth, rig size, etc. To sustain in the wellbore conditions and to get the most out of the pumped drilling fluid, certain additives are added to the fluid in order to change its chemical properties. Some of these additives are bentonite clay, barite, calcium carbonate, CMC, etc. All these additives have different functions and are categorized accordingly. The detailed study of drilling fluid additives is included in the report.

  • Water Based Drilling Mud (WBMs): Approximately used in 70% of the wells. The base fluid is generally fresh water, sea water, brine water, etc. followed by addition of clays and other chemicals to make the mud suitable for use. WBMs fall into two broad categories: dispersed and non-dispersed fluid.
  • Oil Based Drilling Mud (OBMs): The base fluid is generally a petroleum product such as diesel oil, mineral oil, etc. OBMs were introduced to solve several drilling problems occurring with the use of WBMS like swelling of shales, stuck pipe, increasing downhole temperatures, etc.
  • Synthetic Based Drilling Mud (SBMs):Synthetic oil is used as a base fluid to which other additives are added. SBMs were introduced to reduce the environmental impacts caused by the OBMs and to increase the lubricity.
  • Pneumatic Drilling Mud: The pneumatic drilling fluids can be compressed air or gas, foam and aerated fluid. They require specialized drilling fluid technology and equipments. They are light in weight and averts any formation damage or lost circulation.

WBMs are estimated to hold the largest share of market and this market segment is estimated to grow at a CAGR of XX % from 2016 to 2026. Foam based muds are anticipated to gain prominence in the industry with increased operations in offshore areas.

The cost, technical performance and the environmental impact have been the three key driving factors for the selection of drilling fluid technology type. However, other key drivers include the increasing wellbore complexities, increasing participants to meet the global demand, etc. Rising concern towards oil spill, holding solid wastes and reducing lost circulation have estimated to increase demand of innovations in drilling fluid technology.

The decrease in drilling operations globally due to oil price crisis, no proper disposal pits for used drilling muds, etc. have been the major restraining factor for the drilling fluid market. In addition to this, the strict environment policies by EPA have restricted the use of OBMs in offshore areas which have affected the OBM market segment. OBMs can be hazardous to flora and fauna and its effects are similar to oil spill. The opportunities in the market lie in the advancements in technology to meet the drilling challenges as we go deeper into the earth, simpler and effective chemical additives prepared in the laboratories, better disposal techniques and reduce the hazardous nature of the OBMs.

The profiles and the comprehensive operational study of various key players in the BOP market like Schlumberger Technology Corporation, Halliburton Company, Baker Hughes Incorporated, Newpark Resources Inc, Weatherford International, Canadian Energy Services &Technology Corp , China Oilfield Services Limited , Anchor Drilling Fluids USA Inc , National Oilwell Varco , etc. have been well analysed and included in the report.

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By Technology

  • Drilling Mud Types
    • Water Based Drilling Mud
    • Oil Based Drilling Mud
    • Synthetic Based Drilling Mud
    • Pneumatic Drilling Mud
  • Drilling Mud additives
    • Weighting additives
    • Corrosion inhibitor additives
    • Dispersants
    • Flocculant additives
    • Surfactants
    • Biocides
    • Fluid Loss reducing additives
    • Rheology Modifiers

Drilling fluid properties measuring equipments

  • Mud density measuring equipments
  • Viscosity Measuring equipments
  • Gel Strength measuring equipments
  • Filtration properties measuring equipments
  • Sand content measuring equipments
  • pH and alkalinity determination equipments
  • Cation exchange capacity measuring equipments

By Application

  • Offshore
  • Onshore

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
  • Rest of the World (ROW)
  • Market overview and forecasting covering Optimistic, Realistic and Pessimistic scenarios (2016-2026)
  • Analysis and study of various services provided by major players active in the Drilling fluid technology market
  • Market segmentation based on Technology, Application & Geography
  • Detailed coverage of technology and services involved
  • Technical comparative studies and case analysis
  • Competitive landscape with in depth analysis of the market players’ strategy
  • Infraline’s Techno Managerial edge covering SWOT, TOWS, Porter’s five forces and PESTLE analysis

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