DUBLIN--(BUSINESS WIRE)--The "Global Drilling Fluids Category - Procurement Market Intelligence Report" report has been added to ResearchAndMarkets.com's offering.
Global Drilling Fluids Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
In geotechnical engineering, drilling fluids, also called drilling mud, are substances that are often used in wellbores during the oil and natural gas drilling process. The functions of drilling fluids include pressure control in the wellbore, cooling and lubricating the drill string and drill bit, suspending drill cuttings and transporting them to the surface for removal, and supporting and stabilizing the wellbore walls. Additionally, a rise in demand for oil and gas can be observed worldwide, driven by factors such as a growth in population and industrialization. This is expected to drive the E&P market globally, which will subsequently lead to increased demand for drilling fluids.
The report provides actionable insights to improve source-to-contract cycle performance in the Global Drilling Fluids Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
- Relaxation of restrictions by the US on crude oil exports
- The limited availability of associated systems for drilling fluid circulation
Procurement best practices
To engage with suppliers that offer drilling fluids that are compliant
Key Topics Covered:
Part 1: Category At A Glance
Part 2: Scope Of The Report
Part 3: Market Insights
Part 4: Supply Market Insights
Part 5: Pricing Insights
Part 6: Procurement Insights
Part 7: Top Five Suppliers
- Baker Hughes
- Newpark Resources
For more information about this report visit https://www.researchandmarkets.com/research/nzvm4g/global_drilling?w=4