Drilling refers to a cutting process in which a drill bit is used to cut a hole of a circular cross section in any solid material. Drilling and completion fluids are fluids that are used in drilling tasks and helps in performing various other activities. Drilling fluid is a composite fluid and is also termed as drilling mud. This fluid mixture comprises of clay, chemicals, and water. Drilling and completion fluids help in reducing friction and to control formation pressure.
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SEGMENTATION
The global drilling and completion fluids market is segmented on the basis of fluid system, well type, application and geography. On the basis of fluid system the market classify intowater-based, oil-based and synthetic-based. As per well type the market is broken into hpht wells and conventional wells. The market in terms of application is bifurcated into onshore and offshore.
The List of Companies
1.Baker Hughes
2.Halliburton Company
3.National Oilwell Varco
4.Newpark Resources, Inc.
5.Sagemines
6.Schlumberger Limited
7.Scomi Group Berhad
8.Secure Energy Services Inc.
9.Tetra Technologies, Inc.
10.Weatherford International plc.