The Global Drilling Fluid (Mud) Market was valued at USD 9.66 Billion in 2023 and is projected to reach USD 12.84 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period (2024–2030). This robust growth is driven by a resurgence in global oil and gas exploration activities, heightened drilling complexity in deepwater and unconventional reservoirs, and a significant push towards high-performance, environmentally friendly fluid systems.

As energy demands intensify and drilling operations push technological boundaries, the role of advanced drilling fluids becomes critical for ensuring safety, efficiency, and wellbore stability. In this blog, we profile the Top 10 Companies in the Drilling Fluid Industry—a group of integrated service giants, specialized chemical suppliers, and regional leaders who are engineering the fluids that make modern drilling possible.

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🔟 1. Schlumberger Limited

Headquarters: Houston, Texas, USA & Paris, France
Key Offering: IDEAL™, AXE™, SCREENPLEX™ drilling fluid systems, M-I SWACO services

Schlumberger, through its M-I SWACO joint venture, is the undisputed global leader in drilling fluids and services. The company provides a comprehensive portfolio of water-based, oil-based, and synthetic-based fluids engineered for the most challenging drilling environments, from ultra-deepwater to high-pressure, high-temperature (HPHT) wells.

Technological & Sustainability Initiatives:

• Development of advanced fluid systems for extended-reach drilling (ERD) and managed pressure drilling (MPD)

• Pioneering biodegradable and low-toxicity fluid solutions to minimize environmental impact

• Digital fluid management platforms for real-time optimization and waste reduction

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9️⃣ 2. Halliburton Company

Headquarters: Houston, Texas, USA
Key Offering: BaraTek® suite, BaraECD®, BaraShale™, Halliburton Baroid fluids

Halliburton’s Baroid division is a cornerstone of the global drilling fluids market, offering technically advanced solutions backed by extensive research and field expertise. The company excels in providing customized fluid systems that enhance drilling efficiency and wellbore stability across all terrains.

Technological & Sustainability Initiatives:

• Leadership in shale inhibition and wellbore strengthening technologies

• Investment in closed-loop systems and waste management services to promote circular economy principles

• Global network of fluid engineering centers for localized support

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8️⃣ 3. Baker Hughes Company

Headquarters: Houston, Texas, USA
Key Offering: THERMA-VIS™, FLOPRO™, INNOVERT™, Baker Hughes drilling fluids

Baker Hughes is a leading energy technology company with a strong drilling fluids division that serves both offshore and onshore markets. The company integrates fluid technology with its broader portfolio of drilling and evaluation tools to deliver optimized performance.

Technological & Sustainability Initiatives:

• Focus on high-performance synthetic-based fluids for complex offshore projects

• Development of intelligent fluids with real-time monitoring capabilities

• Commitment to reducing the carbon footprint of drilling operations through efficient fluid design

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7️⃣ 4. Newpark Resources, Inc.

Headquarters: The Woodlands, Texas, USA
Key Offering: ELEMENT™, ECOTROL®, Newpark fluids and waste management services

Newpark Resources is a major provider of drilling fluids and integrated site services, with a strong focus on North American land operations. The company is recognized for its innovative, environmentally considerate fluid systems and comprehensive fluids logistics.

Technological & Sustainability Initiatives:

• Specialization in high-performance water-based fluids (HPWBF) that rival oil-based mud performance

• Leading provider of recycling and remediation services for drilling waste

• Expansion of its ELEMENT sustainable fluid technology platform

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6️⃣ 5. Tetra Technologies, Inc.

Headquarters: The Woodlands, Texas, USA
Key Offering: TETRA CS Neptune®, TETRA PureFlow®, calcium chloride, bromide fluids

Tetra Technologies is a diversified chemical and services company with a significant presence in the drilling fluids segment, particularly in clear brine fluids and completion fluids. The company serves a global clientele with high-density fluids critical for well control.

Technological & Sustainability Initiatives:

• Leading supplier of high-density clear brine fluids for deepwater and HPHT applications

• Emphasis on fluid reclamation and re-use programs to enhance sustainability

• Strategic focus on zinc-free and environmentally benign brine alternatives

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5️⃣ 6. CES Energy Solutions Corp.

Headquarters: Calgary, Alberta, Canada
Key Offering: Custom drilling and completion fluids, production chemicals, solids control

CES Energy Solutions is one of the largest providers of drilling fluid systems in North America, with a rapidly growing presence in the US market. The company is known for its customer-centric approach and strong technical service capabilities.

Technological & Sustainability Initiatives:

• Rapid response model for supplying and managing fluids in active shale plays

• Investment in research for fluid systems that reduce water consumption

• Integration of drilling fluids with production chemicals for full lifecycle well support

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4️⃣ 7. NOV Inc.

Headquarters: Houston, Texas, USA
Key Offering: NOV fluids, solids control equipment, mud pumps, integrated solutions

National Oilwell Varco (NOV) offers a comprehensive suite of drilling fluids and related equipment. As a major equipment manufacturer, NOV provides integrated solutions that combine fluid technology with cutting-edge solids control and pumping systems.

Technological & Sustainability Initiatives:

• Integration of fluid systems with NOV’s drilling automation and digital platforms

• Development of fluid additives that enhance equipment longevity and performance

• Focus on closed-loop drilling systems to minimize environmental footprint

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3️⃣ 8. Scomi Group Bhd

Headquarters: Kuala Lumpur, Malaysia
Key Offering: Scomi OBM, Scomi WBM, specialty chemicals for drilling

Scomi Group is a prominent drilling fluids provider with a strong foothold in the Asia-Pacific, Middle East, and African markets. The company specializes in engineering fluid systems for challenging offshore and onshore environments.

Technological & Sustainability Initiatives:

• Expertise in drilling fluid solutions for geologically complex regions like Southeast Asia

• Development of compliant and cost-effective fluid systems for NOCs and independents

• Focus on local content development and regional manufacturing

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2️⃣ 9. Secure Energy Services Inc.

Headquarters: Calgary, Alberta, Canada
Key Offering: Drilling fluids, production chemicals, environmental services

Secure Energy Services is a leading North American environmental and energy services provider with a significant drilling fluids division. The company’s integrated model combines fluid supply with comprehensive waste management and recycling services.

Technological & Sustainability Initiatives:

• Leader in fluid recycling and drilling waste management infrastructure

• Development of fluid systems optimized for the Canadian and US unconventional plays

• Emphasis on reducing the total lifecycle cost of fluid systems through recycling

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1️⃣ 10. China National Petroleum Corporation (CNPC)

Headquarters: Beijing, China
Key Offering: Full range of drilling fluids under its subsidiary, CNPC Bohai Drilling Engineering Company

CNPC is a state-owned energy giant and a dominant force in the Asian drilling fluids market. Through its service arms, it supplies vast quantities of drilling fluids for both domestic Chinese operations and international projects, particularly under the Belt and Road Initiative.

Technological & Sustainability Initiatives:

• Massive scale of operations supporting China’s extensive domestic drilling programs

• Investment in R&D for fluids suited to China’s complex geological formations

• Expansion of international drilling fluid services in partnership with NOCs

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🌍 Outlook: The Future of Drilling Fluids Is Smarter and Greener

The drilling fluid market is evolving beyond its traditional role, becoming a focal point for innovation in safety, efficiency, and environmental stewardship. As operators target more complex reservoirs and face stricter regulations, the demand for high-performance, data-driven, and eco-friendly fluid systems is accelerating.

📈 Key Trends Shaping the Market:

• Digitalization and Automation: Real-time fluid monitoring and AI-driven optimization are becoming standard, reducing non-productive time and improving decision-making.

• Environmental Stringency: Global push for non-toxic, readily biodegradable fluids and zero-discharge policies in sensitive environments is driving R&D.

• High-Performance Water-Based Muds (HPWBM): Continuous innovation is closing the performance gap with oil-based muds, offering a more sustainable alternative for challenging wells.

• Circular Economy Models: Increased focus on fluid recycling, re-use, and efficient waste management to lower costs and environmental impact.

The companies profiled here are not just supplying essential chemicals; they are providing the technological backbone for safe, efficient, and responsible energy extraction worldwide.

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