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Global and China Drilling Fluid Market Overview in 2023

Release time：

2023-11-28

Drilling fluid, also known as drilling fluid, refers to the general name of various circulating fluids that meet the needs of drilling work with its various functions during the drilling process. According to different composition, drilling fluid can be divided into clear water, mud, clay-free flushing fluid, emulsion, foam, etc.; according to different dispersion media, drilling fluid can be divided into water-based drilling fluid, oil-based drilling fluid, gas-based drilling fluid, etc. Drilling fluid has the functions of cleaning the bottom hole, preventing leakage, improving the mechanical drilling speed, reducing the wear of drilling tools, balancing the formation pressure and reducing the settlement speed of rock cuttings. It is the core element to ensure the normal operation of drilling operation and stabilize the well wall.

Oil exploration and development involves national energy security and is an industry closely related to the lifeline of the national economy. Drilling fluid technology is the central technology of oil exploration. In recent years, with the continuous increase of investment in global oil and gas exploration and development projects, the drilling fluid market scale continues to expand. The global drilling fluid market scale will reach 10.42 billion billion US dollars in 2021 and is expected to approach 11.16 billion US dollars in 2023. The industry has a good development prospect.

From the perspective of the domestic market, under the background of the rapid development of the domestic petroleum industry, the domestic drilling fluid technology has been continuously upgraded and has achieved great development results. Some domestic drilling fluid technologies have reached the international leading level. In 2020, the number of patent applications in China's drilling fluid industry reached 1532, a record high in recent years, but it has decreased year by year since 2021. In 2022, the number of patent applications in China's drilling fluid industry totaled 1006, from January 1 to April 11, 2023, 12 patent applications in China's drilling fluid industry have been completed. Specifically, in recent years, China has successfully developed and applied water-based drilling fluid film forming technology, ultra-high temperature water-based drilling fluid technology, amine-based drilling fluid technology and other technologies.

Sichuan Juzheng Technology Co., Ltd.Since its establishment, it has been focusing on the factory preparation of drilling fluid and the recycling service of drilling fluid. It has built three factories in Jiaming Town, Luxian County, Luzhou City, Daba Township, Xingwen County, Yibin City, and Gongquan Town, Gongxian County, Yibin City.Drilling Fluid Emergency Support Service Station,Drilling Fluid Emergency Support Service StationWith drilling fluid preparation, drilling fluid performance maintenance optimization, drilling fluid temporary storage transfer and other functions, now three.Drilling Fluid Emergency Support Service StationThe storage capacity of drilling fluid is more than 5000 cubic meters, and each drilling fluid emergency support service station has a large expansion space. At the same time, the company actively cooperates with PetroChina, Sinopec and relevant private enterprises to share resources with drilling fluid emergency support service stations in Sichuan and Chongqing, forming a grid of drilling fluid emergency reserve stations in Sichuan and Chongqing, so as to achieveDrilling fluid emergency support, off-site sharing.

-- The source of the analysis is from the Common Research Network.

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