Halliburton won nine contracts for offshore oil and gas projects on the West African coast during August 2019. Completions, drilling, cementing, and testing services are covered by this contract. The company will further strengthen its position in Africa through this contract.
Chevron Phillips Chemical declared the expansion of its production capacity for Oronite performance additives used in various oilfield applications comprising spacer fluids. This expansion aims to meet the growing demand for these additives.
CEMENT SPACER and Flushing Agent are additives that pump between the drilling fluid and the cement slurry, to create a buffer that prevents it from entering contact with each other. GDFCL shall manufacture a wide range of High-performance Slurry spacers, which can be adapted and produced according to individual customer requirements such as variations in temperature, Oilwell specifications, or Cementological Specifications, this further would require oilwell spacer fluids.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5625
Published Date: Feb 07, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The growing technological advancement and increasing benefits of oilwell spacer fluids are some of the major factors anticipated to drive the growth of the oilwell spacer fluids market.
The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2024-2036.
The major players in the market are Baker Hughes Company, Chevron Phillips Chemical Company, LLC, Croda International plc, Halliburton Co., Schlumberger Ltd, Archi Exim Private Limited, and others.
The water-based segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in North America is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.