Oilfield Drilling Fluid additives are chemical formulations which are used for multiple functions in oil processing. The additive technologies excel with emulsification and thinning/dispersion of oil-based muds. They help to create proper fluid weighting to balance pressure formation and optimize fluid flow. Other functions include maintaining strong boundary lubrication films in silicate-based mud systems specialized for shale drilling, which is done by lubricating agents. Among the other functions are wettability, detergency, dispersancy, and clay stabilization. Selection of drilling fluid additives requires careful consideration of several criteria, such as; well design, rock composition, potential formation pressures and temperatures, reservoir chemistry, protection of the producing zone, and environmental regulations.
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Compact Outlook of the Market:
While North America will remain by far the largest regional market for oilfield chemicals, the Asia/Pacific region, led by China, will overtake North America as the fastest growing. China's vast demand for energy will continue to drive the country's exploration and development of its significant unconventional resource potential. Africa, the Middle East, and North America are also expected to register above average growth, while Europe and Central and South America trail the world average.
Drilling fluids will continue to account for the largest share of the market and will grow at a healthy pace. Offshore drilling, tight and shale drilling, and the need to optimize costs and productivity have all led to the use of more advanced and higher value oil- and water-based drilling fluids along with well stimulation chemicals. These factors are clearly expected to continue to contribute to the growth of the market.
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