Europe Drilling and Completion Fluids Market Worth $1,941.5 M by 2019, According to a New Study on ASDReports

Wednesday 27 January 2016, Amsterdam

The Report, now available on ASDReports, “Europe 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 $1,941.5 million by 2019, at a CAGR of 6.5% from 2014 to 2019.

The increasing energy demand and discovery of new shale reserves are putting pressure to drill at greater depths and in deep and ultra-deep water locations. The recent increase in oilfield discoveries and rise in drilling activities, especially for those focusing on crude oil, has positively impacted the drilling and completion fluids market. These factors have been the major drivers of the European drilling and completion fluids market.

Environmental degradation in this region has been a major concern and has resulted in stringent regulations and policies limiting the discharge of harmful fluids. These regulations will boost the market for water-based and synthetic-based drilling and completion fluids.

This market has been segmented and forecast on the basis of type, application, and country. Segmentation by type includes water-based, oil-based, and synthetic–based drilling fluids. By application, the market has been segmented into offshore and onshore operations. The market has been further categorized and forecast on the basis of major countries, such as Russia, Norway, the U.K., and others.