The Global Oil-based Fluid (Mud) Market was valued at USD 3.45 Billion in 2024 and is projected to reach USD 4.68 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period (2024–2030). This growth is being driven by increasing deepwater and ultra-deepwater drilling activities, technological advancements in drilling fluid formulations, and the accelerating adoption of environmentally compliant oil-based fluids across onshore and offshore oil and gas exploration sectors.
As the energy industry navigates complex geological formations and stringent environmental regulations, the spotlight is on the key fluid suppliers who are driving innovation, efficiency, and sustainable drilling practices. In this blog, we profile the Top 10 Companies in the Oil-based Fluid (Mud) Industry—a mix of oilfield service giants, specialty chemical manufacturers, and drilling fluid innovators shaping the future of global energy exploration.
🔟 1. Schlumberger Limited
Headquarters: Houston, Texas, USA
Key Offering: DURATHERM, ENVIROTHERM NT, and high-performance oil-based drilling fluids
Schlumberger stands as the world’s largest oilfield services company, offering comprehensive drilling fluid solutions through its Smith Bits & Drilling Tools segment. The company provides advanced oil-based mud systems engineered for high-temperature, high-pressure drilling environments and challenging geological formations.
Environmental Initiatives:
-
Development of low-toxicity, high-performance oil-based fluids
-
Advanced fluid loss control and shale stabilization technologies
-
Commitment to reducing environmental footprint through innovative fluid chemistry
Download FREE Sample Report:
Oil-based Fluid (Mud) Market – View in Detailed Research Report
9️⃣ 2. Halliburton Company
Headquarters: Houston, Texas, USA
Key Offering: BARAKLEEN, BARAPLUG, and customized oil-based mud systems
Halliburton’s Baroid division delivers sophisticated oil-based drilling fluid technologies across more than 80 countries worldwide. The company focuses on developing fluid systems that maximize drilling efficiency while meeting environmental compliance requirements.
Environmental Initiatives:
-
Proprietary HT HPI high-performance invert emulsion system
-
Eco-friendly oil-based fluid alternatives for sensitive drilling environments
-
Advanced real-time fluid monitoring and optimization services
8️⃣ 3. Baker Hughes Company
Headquarters: Houston, Texas, USA
Key Offering: FORM-A-SET, PERFORMAX, and specialized oil-based drilling fluids
Baker Hughes offers comprehensive drilling and completion fluid services through its Integrated Well Services division, leveraging extensive R&D capabilities to address complex drilling challenges.
Environmental Initiatives:
-
Development of biodegradable emulsifiers and synthetic base oils
-
High-performance oil-based systems for extreme drilling conditions
7️⃣ 4. Newpark Resources Inc.
Headquarters: The Woodlands, Texas, USA
Key Offering: ENVIROTHERM, ECOTROL, and environmentally compliant oil-based fluids
Newpark Resources specializes in designing and manufacturing advanced drilling fluid systems and environmental solutions for the oil and gas industry.
Environmental Initiatives:
-
Advanced fluid reclamation and recycling technologies
-
Eco-friendly fluid formulations for land and offshore applications
-
Development of sustainable drilling waste management solutions
Download FREE Sample Report:
Oil-based Fluid (Mud) Market – View in Detailed Research Report
6️⃣ 5. Tetra Technologies Inc.
Headquarters: The Woodlands, Texas, USA
Key Offering: CLARISOL, TETRA CS NEUT, and water-based to oil-based fluid conversion technologies
Tetra Technologies provides integrated services including drilling fluids, completion fluids, and water management solutions for oil and gas operators worldwide.
Environmental Initiatives:
-
Specialized fluids for high-angle and horizontal drilling operations
-
Proprietary fluid loss control and shale inhibition technologies
5️⃣ 6. CES Energy Solutions Corp.
Headquarters: Calgary, Canada
Key Offering: CESI-DRILL, CESI-SLICK, and performance-driven oil-based drilling fluids
CES Energy Solutions is a leading provider of technically advanced drilling fluid and production chemical solutions. The company focuses on developing environmentally responsible fluid systems while maintaining superior drilling performance.
Environmental Initiatives:
-
Advanced emulsion stability and rheological control technologies
-
Customized fluid formulations for specific geological challenges
4️⃣ 7. NOV Inc.
Headquarters: Houston, Texas, USA
Key Offering: NOVATEC, ECO-TROL, and specialized oil-based completion fluids
National Oilwell Varco (NOV) provides comprehensive drilling fluid solutions through its ReedHyealog and M-I SWACO divisions, offering comprehensive fluid engineering services globally.
Environmental Initiatives:
-
Development of high-performance, low-environmental-impact drilling fluids
-
Integrated fluid management and waste minimization technologies
3️⃣ 8. Scomi Group Bhd
Headquarters: Kuala Lumpur, Malaysia
Key Offering: SCOMI-GEL, SCOMI-OB, and customized oil-based drilling mud systems
Scomi Group is a global provider of drilling fluid solutions and engineering services, with strong market presence across Southeast Asia, Africa, and the Middle East.
Environmental Initiatives:
-
Focus on developing cost-effective, environmentally compliant fluid systems
-
Strategic focus on emerging markets with growing oil and gas exploration activities
2️⃣ 9. Secure Energy Services Inc.
Headquarters: Calgary, Canada
Key Offering: SECURE-DRILL, ECO-MUD, and specialized high-temperature oil-based fluids
Secure Energy Services provides integrated environmental and fluid management services to the energy industry, including drilling fluid design and engineering.
Environmental Initiatives:
-
Integrated fluid recycling and waste management solutions
-
Advanced fluid treatment and recovery technologies
1️⃣ 10. Weatherford International
Headquarters: Houston, Texas, USA
Key Offering: FORM-A-SET, PERFORMAX, and custom-formulated oil-based drilling fluids for specific operational requirements.
Environmental Initiatives:
-
Development of environmentally advanced drilling fluid systems
-
Comprehensive fluid engineering and optimization services across drilling operations
Get Full Report Here:
Oil-based Fluid (Mud) Market – View in Detailed Research Report
🌍 Outlook: The Future of Oil-based Fluid (Mud) Market Is Smarter and More Sustainable
The oil-based fluid market is undergoing a technological transformation driven by environmental considerations and operational efficiency demands. While traditional oil-based fluids continue to dominate challenging drilling applications, the industry is investing significantly in eco-friendly formulations, advanced monitoring technologies, and sustainable fluid management practices.
📈 Key Trends Shaping the Market:
-
Growing adoption of synthetic-based and enhanced mineral oil-based fluids
-
Increasing regulatory focus on environmental compliance and fluid disposal standards
-
Digitalization of fluid monitoring and real-time optimization systems
-
Development of nanotechnology-enhanced drilling fluids for improved performance
-
Rising demand for high-performance fluids in deepwater and unconventional resource development
Get Full Report Here:
Oil-based Fluid (Mud) Market – View in Detailed Research Report
The companies listed above are not only powering global energy exploration—they’re driving the evolution toward smarter and more environmentally responsible drilling operations.
- Top 10 Companies in the SiC Tubular Ceramic Membrane Market (2025): Advanced Filtration Innovators Driving Water Treatment Solutions - October 30, 2025
- Top 10 Companies in the Nano Silver Powder Industry (2025): Market Leaders Driving Antimicrobial Innovation - October 30, 2025
- Top 10 Companies in the Fertilizer Grade Calcium Hydrogen Phosphate Market (2025): Industry Leaders Driving Global Agriculture - October 30, 2025