“The Middle East drilling and completion fluids market is estimated to grow at a CAGR of 5.2% from 2014 to 2019. In the Middle East region, Oman is expected to grow at the highest CAGR of 5.7% during the forecast period. The growth of the drilling and completion fluids market is driven by factors such as increasing drilling footage, increased oil & gas production, continuous rise in global drilling activities, technological developments, and exploration activities for shale gas. However, factors such as environmental impact of drilling fluids & surrounding eco-systems and strict government regulations are some of the restraints of the market. Moreover, development of advanced drilling fluid chemicals is an opportunity for the major players in the Middle East region.
In this report, the Middle East drilling and completion fluids market has been broadly classified by base fluids type, such as water-based fluids, oil-based fluids, synthetic-based fluids, and others. Consumption of water-based fluids will be highest compared to other types of fluids. The consumption of water-based fluids is continuously increasing due to advanced comparable performance & environment-friendly properties of water-based drilling and completion fluids. Countries such as Oman and Saudi Arabia conduct a large number of drilling and exploration activities owing to high energy demand, which is supported by their huge oil & gas reserves.
Geographically, Oman and Saudi Arabia accounted for the largest share in the drilling and completion fluids market in 2014. Factors such as availability of oil & gas, increase in demand for completion fluids, and technological advancements are the growth drivers for the country.
The Middle East drilling and completion fluids market is competitive with the presence of a number of market players with niche technologies. As of 2014, this market was estimated to be dominated by Schlumberger (U.S.), Baker Hughes (U.S.) & Weatherford (Ireland). New product launches and partnerships, agreements, collaborations, and joint ventures are the major strategies adopted by most market players to achieve growth in the Middle East drilling and completion fluids market.
Reasons to Buy the Report:
From an insight perspective, this research report has focused on various levels of analysis—industry analysis, market share analysis of top players, demand & supply side analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging- and high-growth segments of the drilling and completion fluids market, high-growth regions and countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn, will help the firms in garnering a greater market share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on drilling and completion fluids market offered by the top players
• Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the drilling and completion fluids market.
• Market Development: Comprehensive information about lucrative emerging markets. The report analyzes various drilling and completion fluids market across geographies.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the drilling and completion fluids market.
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players of the Middle East the drilling and completion fluids market.
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“TABLE OF CONTENTS
1 INTRODUCTION 9
1.1 OBJECTIVES OF THE STUDY 9
1.2 MARKET SEGMENTATION AND COVERAGE 10
1.3 STAKEHOLDERS 11
2 RESEARCH METHODOLOGY 12
2.1 INTEGRATED ECOSYSTEM OF THE MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET 13
2.2 ARRIVING AT THE MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET VALUE 14
2.2.1 TOP-DOWN APPROACH 14
2.2.2 BOTTOM-UP APPROACH 15
2.2.3 DEMAND SIDE APPROACH 16
2.2.4 MACRO INDICATOR-BASED APPROACH 17
2.3 ASSUMPTIONS 18
3 EXECUTIVE SUMMARY 19
4 MARKET OVERVIEW 22
4.1 INTRODUCTION 22
4.2 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET: COMPARISON WITH PARENT MARKET 23
4.3 MARKET DRIVERS AND INHIBITORS 24
4.4 KEY MARKET DYNAMICS 25
5 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET, BY APPLICATION 26
5.1 INTRODUCTION 27
5.2 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET VALUE, BY APPLICATION 28
5.3 MIDDLE EAST ONSHORE DRILLING AND COMPLETION FLUIDS MARKET, BY COUNTRY 29
5.4 MIDDLE EAST OFFSHORE DRILLING AND COMPLETION FLUIDS MARKET, BY COUNTRY 30
6 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET, BY TYPE 32
6.1 INTRODUCTION 33
6.2 MIDDLE EAST WATER-BASED SYSTEM MARKET, BY COUNTRY 34
6.3 MIDDLE EAST OIL-BASED SYSTEM MARKET, BY COUNTRY 35
6.4 MIDDLE EAST SYNTHETIC-BASED SYSTEM MARKET, BY COUNTRY 36
7 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET, BY COUNTRY 38
7.1 INTRODUCTION 39
7.2 OMAN DRILLING AND COMPLETION FLUIDS MARKET 40
7.2.1 OMAN DRILLING AND COMPLETION FLUIDS MARKET, BY APPLICATION 41
7.2.2 OMAN DRILLING AND COMPLETION FLUIDS MARKET, BY TYPE 42
7.3 SAUDI ARABIA DRILLING AND COMPLETION FLUIDS MARKET 44
7.3.1 SAUDI ARABIA DRILLING AND COMPLETION FLUIDS MARKET, BY APPLICATION 44
7.3.2 SAUDI ARABIA DRILLING AND COMPLETION FLUIDS MARKET, BY TYPE 46
8 MIDDLE EAST DRILLING AND COMPLETION FLUIDS: COMPETITIVE LANDSCAPE 48
8.1 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET: COMPANY SHARE ANALYSIS 48
8.2 MERGERS AND ACQUISITIONS 49
8.3 NEW PRODUCT LAUNCHES 49
8.4 EXPANSIONS 50
8.5 CONTRACTS 50
8.6 JOINT VENTURE 51
9 MIDDLE EAST DRILLING AND COMPLETION FLUIDS, BY COMPANY 52
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
9.1 BAKER HUGHES. 52
9.2 HALLIBURTON. 55
9.3 WEATHERFORD 58
9.4 NEWPARK RESOURCES INC. 60
9.5 SCHLUMBERGER 63
9.6 ANCHOR DRILLING FLUIDS 67
9.7 TETRA TECHNOLOGIES 70
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
10 APPENDIX 72
10.1 RT SNAPSHOTS 73
10.2 RELATED REPORTS 74
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“LIST OF TABLES
UU
TABLE 1 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET VALUE, APPLICATION, 2014 (USD MN) 17
TABLE 2 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET: MACRO INDICATORS,
BY COUNTRY, NUMBER OF WELLS, 2013 18
TABLE 3 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET VALUE: COMPARISON WITH PARENT MARKET, 2013 – 2019 (USD MN) 23
TABLE 4 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET: DRIVERS AND INHIBITORS 24
TABLE 5 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET VALUE, BY TYPE,
2013 – 2019 (USD MN) 25
TABLE 6 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET VALUE, BY APPLICATION, 2013 – 2019 (USD MN) 27
TABLE 7 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET VALUE, BY APPLICATION, 2013-2019 (USD MN) 28
TABLE 8 MIDDLE EAST ONSHORE DRILLING AND COMPLETION FLUIDS MARKET SIZE,
BY COUNTRY, 2013 – 2019 (USD MN) 29
TABLE 9 MIDDLE EAST OFFSHORE DRILLING AND COMPLETION FLUIDS MARKET VALUE,
BY COUNTRY, 2013 – 2019 (USD MN) 30
TABLE 10 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET VALUE, BY TYPE,
2013 – 2019 (USD MN) 34
TABLE 11 MIDDLE EAST WATER-BASED SYSTEM MARKET VALUE, BY COUNTRY,
2013–2019 (USD MN) 35
TABLE 12 MIDDLE EAST OIL-BASED SYSTEM MARKET VALUE, BY COUNTRY,
2013 – 2019 (USD MN) 36
TABLE 13 MIDDLE EAST SYNTHETIC-BASED SYSTEM MARKET VALUE, BY COUNTRY,
2013 – 2019 (USD MN) 37
TABLE 14 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET VALUE,
BY COUNTRY, 2013 – 2019 (USD MN) 39
TABLE 15 OMAN DRILLING AND COMPLETION FLUIDS MARKET VALUE, BY APPLICATION,
2013-2019 (USD MN) 41
TABLE 16 OMAN DRILLING AND COMPLETION FLUIDS MARKET VALUE, BY TYPE,
2013 – 2019 (USD MN) 43
TABLE 17 SAUDI ARABIA DRILLING AND COMPLETION FLUIDS MARKET VALUE, BY APPLICATION, 2013 – 2019 (USD MN) 45
TABLE 18 SAUDI ARABIA DRILLING AND COMPLETION FLUIDS MARKET VALUE, BY TYPE,
2013 – 2019 (USD MN) 46
TABLE 19 MIDDLE EAST DRILLING AND COMPLETION FLUIDS: COMPANY SHARE ANALYSIS, 2013 48
TABLE 20 MIDDLE EAST DRILLING AND COMPLETION FLUIDS: MERGERS & ACQUISITIONS 49
TABLE 21 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET: NEW PRODUCT LAUNCHES 49
TABLE 22 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET: EXPANSIONS 50
TABLE 23 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET: CONTRACTS 50
TABLE 24 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET: JOINT VENTURE 51
TABLE 25 BAKER HUGHES: KEY FINANCIALS, 2009 – 2013 (USD MN) 52
TABLE 26 NET SALES, BY BUSINESS SEGMENT, 2009-2013 (USD MN) 53
TABLE 27 NET SALES, BY GEOGRAPHICAL SEGMENT, 2009-2013 (USD MN) 53
TABLE 28 HALLIBURTON: KEY FINANCIALS, 2009 – 2013 (USD MN) 56
TABLE 29 NET SALES, BY BUSINESS SEGMENT, 2009-2013 (USD MN) 56
TABLE 30 NET SALES, BY GEOGRAPHICAL SEGMENT, 2009-2013 (USD MN) 56
TABLE 31 WEATHERFORD KEY FINANCIALS, 2009 – 2013 (USD MN) 58
TABLE 32 NET SALES, BY BUSINESS SEGMENT, 2009-2013 (USD MN) 59
TABLE 33 NET SALES, BY GEOGRAPHICAL SEGMENT, 2009-2013 (USD MN) 59
TABLE 34 NEW PARK RESOURCES: KEY FINANCIALS, 2009- 2013 (USD MN) 61
TABLE 35 NET SALES, BY BUSINESS SEGMENT, 2009-2013 (USD MN) 61
TABLE 36 NET SALES, BY GEOGRAPHICAL SEGMENT, 2009-2013 (USD MN) 61
TABLE 37 SCHLUMBERGER: KEY FINANCIALS, 2009 – 2013 (USD MN) 64
TABLE 38 NET SALES, BY BUSINESS SEGMENT, 2009-2013 (USD MN) 64
TABLE 39 NET SALES, BY GEOGRAPHICAL SEGMENT, 2009-2013 (USD MN) 64
TABLE 40 TETRA TECHNOLOGIES: KEY FINANCIALS, 2009 – 2013 (USD MN) 70
TABLE 41 NET SALES, BY BUSINESS SEGMENT, 2009-2013 (USD MN) 71
TABLE 42 NET SALES, BY GEOGRAPHICAL SEGMENT, 2009-2013 (USD MN) 71
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“LIST OF FIGURES
FIGURE 1 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET: SEGMENTATION AND COVERAGE 10
FIGURE 2 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET: INTEGRATED ECOSYSTEM 13
FIGURE 3 RESEARCH METHODOLOGY 14
FIGURE 4 TOP-DOWN APPROACH 15
FIGURE 5 BOTTOM-UP APPROACH 16
FIGURE 6 DEMAND SIDE APPROACH 16
FIGURE 7 MACRO INDICATOR-BASED APPROACH: NUMBER OF WELLS, 2013 17
FIGURE 8 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET SNAPSHOT 21
FIGURE 9 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET: GROWTH ASPECTS 22
FIGURE 10 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET, BY TYPE AND COUNTRY, 2013 (USD MN) 25
FIGURE 11 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET VALUE, BY APPLICATION, 2014 & 2019 (USD MN) 27
FIGURE 12 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET VALUE, BY APPLICATION, 2013 – 2019 (USD MN) 28
FIGURE 13 MIDDLE EAST ONSHORE DRILLING AND COMPLETION FLUIDS MARKET SIZE,
BY COUNTRY, 2013 – 2019 (USD MN) 29
FIGURE 14 MIDDLE EAST OFFSHORE DRILLING AND COMPLETION FLUIDS MARKET VALUE,
BY COUNTRY, 2013 – 2019 (USD MN) 30
FIGURE 15 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET VALUE,
BY TYPE, 2014 & 2019 (USD MN) 33
FIGURE 16 MIDDLE EAST WATER-BASED SYSTEM MARKET VALUE, BY COUNTRY,
2013–2019 (USD MN) 34
FIGURE 17 MIDDLE EAST OIL-BASED SYSTEM MARKET VALUE, BY COUNTRY,
2013 – 2019 (USD MN) 35
FIGURE 18 MIDDLE EAST SYNTHETIC-BASED SYSTEM MARKET VALUE, BY COUNTRY,
2013 – 2019 (USD MN) 36
FIGURE 19 MIDDLE EAST DRILLING AND COMPLETION FLUIDS MARKET: GROWTH ANALYSIS,
BY COUNTRY, 2014 & 2019 (USD MN) 39
FIGURE 20 OMAN DRILLING AND COMPLETION FLUIDS MARKET OVERVIEW, 2014 & 2019 40
FIGURE 21 OMAN DRILLING AND COMPLETION FLUIDS MARKET VALUE, BY APPLICATION,
2013-2019 (USD MN) 41
FIGURE 22 OMAN DRILLING AND COMPLETION FLUIDS MARKET: APPLICATION SNAPSHOT 42
FIGURE 23 OMAN DRILLING AND COMPLETION FLUIDS MARKET VALUE, BY TYPE,
2013 – 2019 (USD MN) 42
FIGURE 24 OMAN DRILLING AND COMPLETION FLUIDS MARKET SHARE (VALUE), BY TYPE,
2014 & 2019 (%) 43
FIGURE 25 SAUDI ARABIA DRILLING AND COMPLETION FLUIDS MARKET OVERVIEW, 2014 & 2019 44
FIGURE 26 SAUDI ARABIA DRILLING AND COMPLETION FLUIDS MARKET VALUE, BY APPLICATION, 2013-2019 (USD MN) 44
FIGURE 27 SAUDI ARABIA DRILLING AND COMPLETION FLUIDS MARKET: APPLICATION SNAPSHOT 45
FIGURE 28 SAUDI ARABIA DRILLING AND COMPLETION FLUIDS MARKET, BY TYPE,
2013 – 2019 (USD MN) 46
FIGURE 29 SAUDI ARABIA DRILLING AND COMPLETION FLUIDS MARKET SHARE (VALUE),
BY TYPE, 2014 & 2019 (%) 47
FIGURE 30 MIDDLE EAST DRILLING AND COMPLETION FLUIDS: COMPANY
SHARE ANALYSIS, 2013 48
FIGURE 31 BAKER HUGHES REVENUE MIX, 2013 52
FIGURE 32 HALLIBURTON REVENUE MIX, 2013 55
FIGURE 33 WEATHERFORD REVENUE MIX, 2013 58
FIGURE 34 NEW PARK RESOURCES REVENUE MIX, 2013 60
FIGURE 35 SCHLUMBERGER REVENUE MIX, 2013 63
FIGURE 36 TETRA TECHNOLOGIES REVENUE MIX, 2013 70
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