The Global Drilling & Completion Fluids Market was valued at USD 7.90 Billion in 2023 and is projected to reach USD 10.04 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period (2023–2030). This growth is being driven by increasing global energy demand, the expansion of deepwater and ultra-deepwater drilling activities, and the accelerating adoption of Environmentally Friendly Fluid Systems solutions across onshore and offshore oil & gas operations.

As the energy industry navigates complex geological challenges while addressing environmental sustainability, the spotlight is on the key fluid specialists who are driving innovation, efficiency, and safer wellbore construction. In this blog, we profile the Top 10 Companies in the Drilling & Completion Fluids Industry—a mix of service giants, chemical specialists, and environmental pioneers shaping the future of hydrocarbon extraction.

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🔟 1. Schlumberger Limited

Headquarters: Houston, Texas, USA
Key Offering: Water-based, Oil-based, Synthetic-based Drilling Fluids

Schlumberger is the world’s largest oilfield services company, providing comprehensive drilling and completion fluid solutions through its Schlumberger Drilling & Measurements division. The company offers advanced fluid systems engineered for high-pressure/high-temperature (HP/HT) environments, complex well geometries, and challenging formations worldwide.

Sustainability Initiatives:

• Development of high-performance water-based fluids to replace oil-based systems
• Digital fluid management platforms for real-time optimization
• Commitment to reducing environmental footprint through innovative chemistries

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9️⃣ 2. Halliburton Company

Headquarters: Houston, Texas, USA
Key Offering: Baroid fluid systems, Envirotherm technology

Halliburton’s Baroid division is a global leader in drilling fluid systems, serving operators in all major oil and gas basins. The company provides integrated fluid solutions from well planning through completion, with particular expertise in deepwater applications and unconventional resource development.

Sustainability Initiatives:

• Investment in non-aqueous fluid technologies with improved environmental profiles
• Development of automated mixing and fluid processing equipment

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8️⃣ 3. Baker Hughes Company

Headquarters: Houston, Texas, USA
Key Offering: INNOVERT synthetic-based fluids, Versa-Clean water-based systems

Baker Hughes provides drilling and completion fluid services through its OFS (Oilfield Services) division. The company offers comprehensive fluid management services including engineering, logistics, and waste management solutions.

Sustainability Initiatives:

• Environmental compliance consulting and fluid disposal solutions
• Development of high-performance synthetic fluids for sensitive environments

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7️⃣ 4. Newpark Resources, Inc.

Headquarters: The Woodlands, Texas, USA
Key Offering: Evolution advanced water-based systems, DuraTherm high-temperature fluids

Newpark Resources specializes in environmentally focused drilling fluid systems and temporary worksite access solutions. The company has developed innovative high-performance water-based fluids that can replace traditional oil-based systems in challenging applications.

Sustainability Initiatives:

• Leadership in high-performance water-based fluid technology
• Development of fluids with reduced environmental impact and enhanced performance characteristics

Download FREE Sample Report: Drilling & Completion Fluids Market – View in Detailed Research Report

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6️⃣ 5. Tetra Technologies, Inc.

Headquarters: The Woodlands, Texas, USA
Key Offering: Clear-Frac completion fluids, Marisun base fluids

Tetra Technologies provides completion fluids and services for well construction and production phases. The company operates brine production facilities and offers comprehensive fluid management services to oil and gas operators globally.

Sustainability Initiatives:

• Recycling and reclamation services for completion fluids
• Development of customized brine formulations for specific well conditions

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5️⃣ 6. National Oilwell Varco (NOV)

Headquarters: Houston, Texas, USA
Key Offering: M-I SWACO fluid systems, solids control equipment

NOV provides drilling fluids and related equipment through its M-I SWACO division. The company offers integrated fluid solutions combined with advanced solids control and waste management technologies.

Sustainability Initiatives:

• Integrated fluid and equipment packages for optimized drilling performance
• Digital fluid monitoring and management solutions

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4️⃣ 7. CES Energy Solutions

Headquarters: Calgary, Alberta, Canada
Key Offering: Drilling fluid chemicals, production chemicals, completion fluids

CES Energy Solutions is a leading manufacturer and supplier of drilling fluid products and production chemicals. The company serves major oil and gas operators across North America and international markets with specialized fluid formulations.

Sustainability Initiatives:

• Development of environmentally acceptable lubricants and fluid additives
• Focus on water-based fluid technologies for environmentally sensitive areas

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3️⃣ 8. Secure Energy Services

Headquarters: Calgary, Alberta, Canada
Key Offering: PROSPER drilling fluid additives, fluid recycling services

Secure Energy provides drilling fluid services and environmental solutions to the oil and gas industry. The company offers comprehensive fluid management from planning through disposal phases.

Sustainability Initiatives:

• Comprehensive fluid recycling and waste management services
• Development of sustainable fluid treatment and disposal solutions

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2️⃣ 9. Weatherford International

Headquarters: Houston, Texas, USA
Key Offering: Micro-Flo drilling fluid additives, water management services

Weatherford provides drilling fluid services as part of its comprehensive well construction portfolio. The company offers specialized fluid formulations for challenging drilling environments including deepwater, HP/HT, and unconventional plays.

Sustainability Initiatives:

• Development of advanced fluid systems for extended-reach drilling applications
• Digital well construction platforms integrating fluid performance data

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1️⃣ 10. Global Drilling and Chemicals

Headquarters: Dubai, United Arab Emirates
Key Offering: GCC drilling fluid chemicals, completion brine systems

Global Drilling and Chemicals specializes in drilling fluid additives and completion fluid systems for Middle Eastern and African markets. The company provides customized fluid formulations and technical support services.

Sustainability Initiatives:

• Focus on locally manufactured drilling fluid products
• Development of cost-effective fluid solutions for conventional and unconventional reservoirs

Get Full Report Here: Drilling & Completion Fluids Market – View in Detailed Research Report

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🌍 Outlook: The Future of Drilling & Completion Fluids Is Smarter and More Sustainable

The drilling and completion fluids market is undergoing a significant transformation. While traditional oil-based systems still dominate in challenging applications, the industry is increasingly focusing on environmentally acceptable alternatives, digital monitoring technologies, and integrated fluid management solutions.

📈 Key Trends Shaping the Market:

• Rising adoption of high-performance water-based fluid systems
• Increased regulatory focus on environmental protection and fluid disposal
• Digitalization of fluid management and real-time performance optimization
• Operator-service company partnerships for integrated fluid program management

Get Full Report Here: Drilling & Completion Fluids Market – View in Detailed Research Report

The companies listed above are not only enabling global energy exploration—they’re driving the sustainable evolution of well construction technologies.