The Report “Africa Drilling and Completion Fluids Market by Type (Water Based, Synthetic Based, Oil Based & others), By Application (Onshore & Offshore), By Countries - Regional Trend & Forecast to 2019”, is estimated to reach $1025.5 million by 2019, growing at a CAGR of 5.2% from 2014 to 2019.
Browse through the TOC of the Africa Drilling and Completion Fluids Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The increasing energy demand, rise in population, and discoveries of new coal bed methane and shale reserves have led to exploration and production activities deep and ultra-deep waters. Recent increase in oilfield discoveries, rise in drilling activities, technological advancements, and development of advanced drilling fluid chemicals, especially for crude oil have positively impacted the drilling fluid and completion fluid market.
The major challenges faced by key market players are the increasing environmental concerns and stringent government regulations.
Africa is one of the flourishing market for drilling fluids and completion fluids owing to the increasing exploration and production activities. Egypt is the dominating country in African region with a market share of around 29% in the drilling fluid and completion fluid market in Africa, as of 2014.
The market is segmented and forecast on the basis of types, application, and country. Segmentation by type of drilling fluid includes water–based fluid systems, oil-based fluid systems, synthetic–based fluid systems, and other fluid systems. By application, the market is segmented into offshore and onshore operations. The market is further segmented and forecasted on the basis of major countries, including Egypt, Algeria, Angola, Libya, Nigeria, and others.
The report includes drivers, restraints, and opportunities in drilling and completion fluid market in African region. In addition, the report also presents a competitive landscape and company profiles of key players in the market.
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