Dublin, April 28, 2015 (GLOBE NEWSWIRE) -- Research and Markets ( http://www.researchandmarkets.com/research/pd...in_america ) has announced the addition of the "Latin America 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" report to their offering. The Latin American drilling fluid and completion fluid market is estimated to grow at a CAGR of 6.6% from 2014 to 2019. This growth is mainly attributed to the rise in drilling activities in Latin America. Latin American countries such as Venezuela and Brazil are a part of the Golden Triangle, wherein the offshore drilling activities are progressing at a rapid pace. The large amount of proved reserves in these countries has attracted huge investments. Drilling activities in Latin America are rapidly growing with numerous multinational companies investing in this region. The drilling fluids play a very important role in the reservoir life cycle; however, it also contaminates the ground water due to the presence of chemicals that prove to be toxic for the ground water.
In this report, the drilling fluid and completion fluid market has been broadly classified with respect to type into oil-based fluids, water based fluid systems, and synthetic based fluid systems. The water-based fluids category is expected to grow at a CAGR of 6.9% from 2014 to 2019, as it is cost effective and eco-friendly. Geographically, the Latin American drilling fluid and completion fluid market has been segmented into Mexico, Brazil, Venezuela, and Argentina among others. Brazil is estimated to grow at a higher CAGR as compared to other countries, due to the presence of large offshore reserves.
Weatherford, Halliburton, Scomi Group, M-I Swaco, National Oilwell Varco Inc., Newpark Resources, and Tetra Technologies are some of the major players in the Latin America drilling fluid and completion fluid market. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Market Overview 5 Latin America Drilling and Completion Fluids Market, By Application 6 Latin America Drilling and Completion Fluids Market, By Type 7 Latin America Drilling and Completion Fluids Market, By Country 8 Latin America Drilling and Completion Fluids Market: Competitive Landscape 9 Drilling and Completion Fluids Market, By Company - Baker Hughes - Halliburton - M-I Swaco - National Oilwell Varco Ltd. - Newpark Resources Inc. - Tetra Technologies Inc. - Weatherford International Ltd. For more information visit http://www.researchandmarkets.com/research/pd...in_america
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