Synthetic-Based Drilling And Completion Fluids Market

Texas, May 19, 2015 (Newswire.com) - Synthetic-based fluid is a fluid where the base fluid is synthetic oil. This is most often used on offshore rigs because it has the properties of an oil-based mud but the toxicity of the fluid fumes are much less than an oil-based fluid. This is important when work with the fluid in an enclosed space is performed such as an offshore drilling rig. Synthetic-based fluid can be used to maximize the rate of penetrations, increase lubricity in directional and horizontal wells, and minimize wellbore-stability problems, such as those caused by reactive shales.

 MMM’s report “Synthetic-Based Drilling Fluid and Completion Fluid Market Forecast, 2013-2018”, analyses the market in terms of application and geography. In terms of geography, the report is segmented into regions such as North America, Asia-Pacific, Europe, Latin America, Africa and Middle East. The application areas covered are onshore and offshore areas.

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Synthetic-based drilling fluids use synthetic hydrocarbons, ethers, and esters as the base fluid is mixed with additives such as emulsifiers, rheological modifiers, fluid loss additives, wetting agents, and many more. Popular fluid types include several olefin oligomers of ethylene, ethers and polyethers made from alcohols and polyalcohols which have been used, along with paraffinic hydrocarbons and linear alkyl benzenes. Mixtures of these fluids are used to make synthetic-base fluids.

 The report provides an extensive competitive landscaping of companies operating in this market. The key players of the market are Halliburton (U.S.), National Oilwell Varco (U.S.), Baker Hughes (U.S.), Schlumberger (U.S.), and others. Regional market shares, new product/service launches, M&A, and product portfolio of key market players is also covered in the report.

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