Toll Free: 1-888-928-9744

Middle East Drilling Fluid Market Analysis By Product (Oil-Based, Synthetic, Water-Based), By Application (Onshore Oil & Gas, Offshore Oil & Gas) And Segment Forecasts To 2022

Published: Jan, 2016 | Pages: 85 | Publisher: Grand View Research
Industry: Petrochemicals | Report Format: Electronic (PDF)

Middle East drilling fluid market is expected to reach USD 2.19 billion by 2022, according to a new report by Grand View Research, Inc. Rising E&P to enhance productivity in conventional oil & gas fields particularly in Saudi Arabia, Oman, Qatar and UAE is expected to steer exploration activities in the region. Increasing concern towards reducing downhole losses, and maintenance costs in deepwater projects, is also expected to drive product demand over the forecast period.

Growing crude oil and natural gas demand in various industrial sectors including power and transportation is expected to drive hydrocarbon production in the region. High rate of deep sea and ultra deep sea explorations particularly in the Persian Gulf and Red Sea is estimated to drive drilling fluid demand in the region.

Technological advancements to modify the rheology for efficient extraction of hydrocarbons in different formation types have created new avenues for industry participants. Stringent regulations regarding use and disposal of oil based drilling fluids coupled with geopolitical unrest particularly in the Persian Gulf and Red Sea regions is expected to hinder drilling activities over the next few years.

Water based fluid emerged as a leading product segment and accounted for over 45% of total revenue in 2014. Growing concern towards toxicity and biodegradation of drilling fluids is expected to drive product demand over the forecast period.

Further key findings from the report suggest:

Middle East drilling fluid market was worth USD 1,450.0 million in 2014 and is expected to reach USD 2,194.9 million by 2022, growing at a CAGR of 5.3% from 2015 to 2022.

Synthetic-based muds are anticipated to witness high growth over the forecast period on account of their ability to provide excellent borehole control, thermal stability, lubricity and penetration rates which are beneficial in reducing overall costs.

Other drilling fluids including foam and aerated fluids are anticipated to witness above average growth over the forecast period. In fractured rocks where borehole does not support column of water without significant fluid loss to the formation, drillers use these systems to help remove cuttings from holes.

Onshore oil & gas was the largest application segment and accounted for over 70% of total market revenue in 2014. Harsh environments such as extreme temperatures, desert topography and dry environment necessitate the requirement of drilling fluid as cooling and lubricating agent in E&P equipments.

Saudi Arabia was the largest drilling fluid market in Middle East with demand share exceeding 35% in 2014. Despite low oil prices, investments made by various companies such as Saudi Aramco, to sustain yearly production levels is expected to drive oil & gas industry over the next seven years. Neutral zones with Kuwait and Iraq offer huge potential for oil & gas projects in the region.

Countries such as Saudi Arabia, Iran, and the UAE are increasing their working rig counts to meet projects of national interest. Growing concern about wellbore stability, well blowout, and extreme temperature operating conditions is expected to drive drilling fluid demand in offshore and onshore regions.

Major companies operating in regional industry include Baker Hughes, Newpark Resources, Petrochem Performance Chemicals, Schlumberger, Diamoco Group, Halliburton, Catalyst LLC, Oren Hydrocarbons, and Weatherford.
 Table of Content

Chapter 1 Methodology & Scope
              1.1 Research Methodology
              1.2 Research Scope & Assumptions
              1.3 List of Data Sources
Chapter 2 Executive Summary
              2.1 Middle East Drilling fluid - Industry Summary & Key Buying Criteria
Chapter 3 Middle East Drilling Fluid Industry Outlook
              3.1 Market segmentation
              3.2 Market size and growth prospects, 2012-2022
              3.3 Middle East drilling fluid value chain analysis
                 3.3.1 Vendor landscape
              3.4 Raw material trends
              3.5 Technological landscape
              3.6 Regulatory scenario
              3.7 Middle East drilling fluid market dynamics
                 3.7.1 Market driver analysis
                      3.7.1.1 Rising E&P in Middle East
                      3.7.1.2 Increasing offshore production
                 3.7.2 Market restraint analysis
                      3.7.2.1 Adverse environmental impact of OBF
              3.8 Key opportunities prioritized
              3.9 Industry analysis - Porter's
              3.10 Middle East drilling fluid - PESTEL analysis
Chapter 4 Middle East Drilling Fluid Product Outlook
              4.1 Middle East drilling fluid market revenue share by product, 2014 & 2022
              4.2 Oil based fluids (OBF)
                 4.2.1 Middle East oil based drilling fluid market estimates and forecast, 2012 - 2022
                 4.2.2 Middle East oil based drilling fluid market estimates and forecast by country, 2012-2022
              4.3 Synthetic drilling fluid
                 4.3.1 Middle East synthetic drilling fluid market estimates and forecast, 2012 - 2022
                 4.3.2 Middle East synthetic drilling fluid market estimates and forecast by country, 2012-2022
              4.4 Water based drilling fluid (WBF)
                 4.4.1 Middle East water based drilling fluid market estimates and forecast, 2012 - 2022
                 4.4.2 Middle East water based drilling fluid market estimates and forecast by country, 2012-2022
              4.5 Others
                 4.5.1 Middle East other drilling fluid market estimates and forecast, 2012 - 2022
                 4.5.2 Middle East other drilling fluid market estimates and forecast by country, 2012-2022
Chapter 5 Middle East Drilling Fluid Application Outlook
              5.1 Middle East drilling fluid market revenue share by application, 2014 & 2022
              5.2 Onshore oil & gas
                 5.2.1 Middle East drilling fluid market estimates and forecast in onshore oil & gas, 2012 - 2022
                 5.2.2 Middle East drilling fluid market estimates and forecast in onshore oil & gas by country, 2012 - 2022
              5.3 Offshore oil & gas
                 5.3.1 Middle East drilling fluid market estimates and forecast in offshore oil & gas, 2012 - 2022
                 5.3.2 Middle East drilling fluid market estimates and forecast in offshore oil & gas by country, 2012 - 2022
Chapter 6 Middle East Drilling Fluid Country Outlook
              6.1 Middle East drilling fluid market revenue share by country, 2014 & 2022
              6.2 Saudi Arabia
                 6.2.1 Saudi Arabia drilling fluid market estimates and forecast, 2012 - 2022
                 6.2.2 Saudi Arabia drilling fluid market estimates and forecast by product, 2012 - 2022
                 6.2.3 Saudi Arabia drilling fluid market estimates and forecast by application, 2012 - 2022
              6.3 UAE
                 6.3.1 UAE drilling fluid market estimates and forecast, 2012 - 2022
                 6.3.2 UAE drilling fluid market estimates and forecast by product, 2012 - 2022
                 6.3.3 UAE drilling fluid market estimates and forecast by application, 2012 - 2022
              6.4 Qatar
                 6.4.1 Qatar drilling fluid market estimates and forecast, 2012 - 2022
                 6.4.2 Qatar drilling fluid market estimates and forecast by product, 2012 - 2022
                 6.4.3 Qatar drilling fluid market estimates and forecast by application, 2012 - 2022
              6.5 Kuwait
                 6.5.1 Kuwait drilling fluid market estimates and forecast, 2012 - 2022
                 6.5.2 Kuwait drilling fluid market estimates and forecast by product, 2012 - 2022
                 6.5.3 Kuwait drilling fluid market estimates and forecast by application, 2012 - 2022
              6.6 Rest of Middle East
                 6.6.1 Rest of Middle East drilling fluid market estimates and forecast, 2012 - 2022
                 6.6.2 Rest of Middle East drilling fluid market estimates and forecast by product, 2012 - 2022
                 6.6.3 Rest of Middle East drilling fluid market estimates and forecast by application, 2012 - 2022
Chapter 7 Competitive Landscape
              7.1 OiLSERV
                 7.1.1 Company Overview
                 7.1.2 Financial Performance
                 7.1.3 Product Benchmarking
                 7.1.4 Strategic Initiatives
              7.2 Ali & Sons Holding LLC
                 7.2.1 Company Overview
                 7.2.2 Financial Performance
                 7.2.3 Product Benchmarking
              7.3 Al Ghaith Oilfield Supplies & Services Company Ltd.
                 7.3.1 Company Overview
                 7.3.2 Financial Performance
                 7.3.3 Product Benchmarking
              7.4 Baker Hughes
                 7.4.1 Company Overview
                 7.4.2 Financial Performance
                 7.4.3 Product Benchmarking
              7.5 Halliburton Inc
                 7.5.1 Company Overview
                 7.5.2 Financial Performance
                 7.5.3 Product Benchmarking
                 7.5.4 Strategic Initiatives
              7.6 Schlumberger Limited
                 7.6.1 Company Overview
                 7.6.2 Financial Performance
                 7.6.3 Product Benchmarking
                 7.6.4 Strategic Initiatives
              7.7 Weatherford International plc
                 7.7.1 Company Overview
                 7.7.2 Financial Performance
                 7.7.3 Product Benchmarking
                 7.7.4 Strategic Initiatives
              7.8 Newpark Resources, Inc.
                 7.8.1 Company Overview
                 7.8.2 Financial Performance
                 7.8.3 Product Benchmarking
              7.9 Anchor Drilling fluid USA, Inc.
                 7.9.1 Company Overview
                 7.9.2 Financial Performance
                 7.9.3 Product Benchmarking
                 7.9.4 Strategic Initiatives
              7.10 TETRA Technologies, Inc.
                 7.10.1 Company Overview
                 7.10.2 Financial Performance
                 7.10.3 Product Benchmarking
                 7.10.4 Strategic Initiatives
              7.11 Petrochem Performance Chemicals Ltd. LLC
                 7.11.1 Company Overview
                 7.11.2 Financial Performance
                 7.11.3 Product Benchmarking
                 7.11.4 Strategic Initiatives
              7.12 EMEC
                 7.12.1 Company Overview
                 7.12.2 Financial Performance
                 7.12.3 Product Benchmarking
              7.13 International Drilling fluid & Engineering Services (IDEC) Ltd.
                 7.13.1 Company Overview
                 7.13.2 Financial Performance
                 7.13.3 Product Benchmarking
              7.14 Oren Hydrocarbons Middle East, Inc.
                 7.14.1 Company Overview
                 7.14.2 Financial Performance
                 7.14.3 Product Benchmarking
              7.15 Flotek Industries, Inc.
                 7.15.1 Company Overview
                 7.15.2 Financial Performance
                 7.15.3 Product Benchmarking
                 7.15.4 Strategic Initiatives
              7.16 MB Petroleum Services LLC
                 7.16.1 Company Overview
                 7.16.2 Financial Performance
                 7.16.3 Product Benchmarking
              7.17 Diamoco Group
                 7.17.1 Company Overview
                 7.17.2 Financial Performance
                 7.17.3 Product Benchmarking
              7.18 RTE
                 7.18.1 Company Overview
                 7.18.2 Financial Performance
                 7.18.3 Product Benchmarking
              7.19 Oman Drilling Mud Products Company LLC
                 7.19.1 Company Overview
                 7.19.2 Financial Performance
                 7.19.3 Product Benchmarking
              7.20 Catalyst LLC
                 7.20.1 Company Overview
                 7.20.2 Financial Performance
                 7.20.3 Product Benchmarking
                 7.20.4 Strategic Initiatives
List of Tables

TABLE 1 Middle East Drilling fluid - Industry Summary & Key Buying Criteria
TABLE 2 Middle East drilling fluid revenue estimates, 2012 - 2014 (USD Million)
TABLE 3 Middle East drilling fluid revenue estimates and forecast, 2015 - 2022 (USD Million)
TABLE 4 Middle East drilling fluid revenue estimates by country, 2012 - 2014 (USD Million)
TABLE 5 Middle East drilling fluid revenue estimates and forecast by region, 2015 - 2022 (USD Million)
TABLE 6 Middle East drilling fluid revenue estimates by product, 2012- 2014 (USD Million)
TABLE 7 Middle East drilling fluid revenue estimates and forecast by product, 2015- 2022 (USD Million)
TABLE 8 Middle East drilling fluid revenue estimates by application, 2012- 2014 (USD Million)
TABLE 9 Middle East drilling fluid revenue estimates and forecast by application, 2015- 2022 (USD Million)
TABLE 10 ISO standards for drilling fluid
TABLE 11 Middle East drilling fluid- Key market driver analysis
TABLE 12 Middle East dry natural gas production by country, 2010-2013, (Billion Cubic Feet)
TABLE 13 Offshore rig locations in Middle East by country
TABLE 14 Middle East drilling fluid- Key market restraint analysis
TABLE 15 Middle East oil based drilling fluid revenue estimates, 2012 - 2014 (USD Million)
TABLE 16 Middle East oil based drilling fluid revenue estimates and forecast, 2015 - 2022 (USD Million)
TABLE 17 Middle East oil based drilling fluid revenue estimates by country, 2012 - 2014 (USD Million)
TABLE 18 Middle East oil based drilling fluid revenue estimates and forecast by country, 2015 - 2022 (USD Million)
TABLE 19 Middle East synthetic drilling fluid revenue estimates, 2012 - 2014 (USD Million)
TABLE 20 Middle East synthetic drilling fluid revenue estimates and forecast, 2015 - 2022 (USD Million)
TABLE 21 Middle East synthetic drilling fluid revenue estimates by country, 2012 - 2014 (USD Million)
TABLE 22 Middle East synthetic drilling fluid revenue estimates and forecast by country, 2015 - 2022 (USD Million)
TABLE 23 Middle East water based drilling fluid revenue estimates, 2012 - 2014 (USD Million)
TABLE 24 Middle East water based drilling fluid revenue estimates and forecast, 2015 - 2022 (USD Million)
TABLE 25 Middle East water based drilling fluid revenue estimates by country, 2012 - 2014 (USD Million)
TABLE 26 Middle East water based drilling fluid revenue estimates and forecast by country, 2015 - 2022 (USD Million)
TABLE 27 Middle East other drilling fluid revenue estimates, 2012 - 2014 (USD Million)
TABLE 28 Middle East other drilling fluid revenue estimates and forecast, 2015 - 2022 (USD Million)
TABLE 29 Middle East other drilling fluid revenue estimates by country, 2012 - 2014 (USD Million)
TABLE 30 Middle East other drilling fluid revenue estimates and forecast by country, 2015 - 2022 (USD Million)
TABLE 31 Middle East drilling fluid revenue estimates in onshore oil & gas, 2012 - 2014
TABLE 32 Middle East drilling fluid revenue estimates and forecast in onshore oil & gas, 2015 - 2022 (USD Million)
TABLE 33 Middle East drilling fluid revenue estimates in onshore oil & gas by country, 2012 - 2014 (USD Million)
TABLE 34 Middle East drilling fluid revenue estimates and forecast in onshore oil & gas by country, 2015 - 2022 (USD Million)
TABLE 35 Middle East drilling fluid revenue estimates in offshore oil & gas, 2012 - 2014
TABLE 36 Middle East drilling fluid revenue estimates and forecast in offshore oil & gas, 2015 - 2022 (USD Million)
TABLE 37 Middle East drilling fluid revenue estimates in offshore oil & gas by country, 2012 - 2014 (USD Million)
TABLE 38 Middle East drilling fluid revenue estimates and forecast in onshore oil & gas by country, 2015 - 2022 (USD Million)
TABLE 39 Saudi Arabia drilling fluid revenue estimates, 2012 - 2014 (USD Million)
TABLE 40 Saudi Arabia drilling fluid revenue estimates and forecast, 2015 - 2022 (USD Million)
TABLE 41 Saudi Arabia drilling fluid revenue estimates by product, 2012 - 2014 (USD Million)
TABLE 42 Saudi Arabia drilling fluid revenue estimates and forecast by product, 2015 - 2022 (USD Million)
TABLE 43 Saudi Arabia drilling fluid revenue estimates by application, 2012 - 2014 (USD Million)
TABLE 44 Saudi Arabia drilling fluid revenue estimates and forecast by application, 2015 - 2022 (USD Million)
TABLE 45 UAE drilling fluid revenue estimates, 2012 - 2014 (USD Million)
TABLE 46 UAE drilling fluid revenue estimates and forecast, 2015 - 2022 (USD Million)
TABLE 47 UAE drilling fluid revenue estimates by product, 2012 - 2014 (USD Million)
TABLE 48 UAE drilling fluid revenue estimates and forecast by product, 2015 - 2022 (USD Million)
TABLE 49 UAE drilling fluid revenue estimates by application, 2012 - 2014 (USD Million)
TABLE 50 UAE drilling fluid revenue estimates and forecast by application, 2015 - 2022 (USD Million)
TABLE 51 Qatar drilling fluid revenue estimates, 2012 - 2014 (USD Million)
TABLE 52 Qatar drilling fluid revenue estimates and forecast, 2015 - 2022 (USD Million)
TABLE 53 Qatar drilling fluid revenue estimates by product, 2012 - 2014 (USD Million)
TABLE 54 Qatar drilling fluid revenue estimates and forecast by product, 2015 - 2022 (USD Million)
TABLE 55 Qatar drilling fluid revenue estimates by application, 2012 - 2014 (USD Million)
TABLE 56 Qatar drilling fluid revenue estimates and forecast by application, 2015 - 2022 (USD Million)
TABLE 57 Kuwait drilling fluid revenue estimates, 2012 - 2014 (USD Million)
TABLE 58 Kuwait drilling fluid revenue estimates and forecast, 2015 - 2022 (USD Million)
TABLE 59 Kuwait drilling fluid revenue estimates by product, 2012 - 2014 (USD Million)
TABLE 60 Kuwait drilling fluid revenue estimates and forecast by product, 2015 - 2022 (USD Million)
TABLE 61 Kuwait drilling fluid revenue estimates by application, 2012 - 2014 (USD Million)
TABLE 62 Kuwait drilling fluid revenue estimates and forecast by application, 2015 - 2022 (USD Million)
TABLE 63 Rest of Middle East drilling fluid revenue estimates, 2012 - 2014 (USD Million)
TABLE 64 Rest of Middle East drilling fluid revenue estimates and forecast, 2015 - 2022 (USD Million)
TABLE 65 Rest of Middle East drilling fluid revenue estimates by product, 2012 - 2014 (USD Million)
TABLE 66 Rest of Middle East drilling fluid revenue estimates and forecast by product, 2015 - 2022 (USD Million)
TABLE 67 Rest of Middle East drilling fluid revenue estimates by application, 2012 - 2014 (USD Million)
TABLE 68 Rest of Middle East drilling fluid revenue estimates and forecast by application, 2015 - 2022 (USD Million)
 



To request a free sample copy of this report, please complete the form below.

We never share your personal data. Privacy policy
Interested in this report? Get your FREE sample now! Get a Free Sample
Choose License Type
Single User - US $4250
Multi User - US $5250
Hexareeasearch Know

Did you know?

Research Assistance

Phone: 1-415-349-0054

Toll Free: 1-888-928-9744

Email: [email protected]

Why to buy from us

Custom research service

Speak to the report author to design an exclusive study to serve your research needs.

Quality assurance

A testimonial for service excellence represented in the form of BBB "A" Accreditation.

Information security

Your personal and confidential information is safe and secure.

verify