The Global Drilling & Completion Fluids Market is projected to experience significant growth from 2023 to 2028, driven by a resurgence in global oil & gas exploration activities, expansion in deepwater and ultra-deepwater drilling projects, and the increasing demand for high-performance, environmentally compliant fluid systems. This essential market supports the entire well construction process, from initial drilling to final completion, ensuring wellbore stability, controlling subsurface pressures, and maximizing hydrocarbon recovery. The industry is characterized by relentless innovation, with a strong focus on developing advanced water-based, synthetic-based, and oil-based fluid technologies that enhance operational efficiency while meeting stringent environmental regulations.

As energy companies push into more challenging reservoirs and harsh environments, the expertise of specialized fluid providers becomes paramount. In this blog, we profile the Top 10 Companies in the Drilling & Completion Fluids Industry—a group of established service giants and innovative specialists who are engineering the sophisticated fluids that make modern energy exploration possible.

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2023-2028 Global and Regional Drilling & Completion Fluids Industry Status and Prospects Professional Market – View in Detailed Research Report

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🔟 1. Schlumberger Limited

Headquarters: Houston, Texas, USA & Paris, France
Key Offering: Broad portfolio including M-I SWACO drilling fluids, Complection fluids, and specialized wellbore cleanup systems.

Schlumberger, through its M-I SWACO division, is a dominant force in the drilling and completion fluids market. The company provides integrated fluid systems and services for the most complex drilling environments worldwide, from high-pressure/high-temperature (HPHT) wells to deepwater applications. Their technological edge lies in real-time monitoring and data analytics to optimize fluid performance.

Key Innovations & Market Focus:

• Development of high-performance, synthetic-based muds for extreme conditions

• Pioneering environmentally friendly fluid systems with lower toxicity and biodegradability

• Global network of fluid engineering centers and logistics support

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9️⃣ 2. Halliburton

Headquarters: Houston, Texas, USA
Key Offering: BAROID fluid services, completion fluids, and stimulation chemicals.

Halliburton’s Baroid division is one of the most recognized names in drilling fluids, with a history dating back to the 1920s. The company offers a comprehensive suite of fluid technologies, including its proprietary BaraECD, BaraShale, and BaraBlend systems, designed to solve specific wellbore challenges such as stuck pipe, wellbore instability, and loss circulation.

Key Innovations & Market Focus:

• Advanced shale inhibition technologies for complex geological formations

• Integrated project management for large-scale offshore developments

• Focus on digital solutions for fluid management and waste minimization

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8️⃣ 3. Baker Hughes Company

Headquarters: Houston, Texas, USA
Key Offering: Baker Hughes drilling fluids, completion fluids, and integrated well construction services.

Baker Hughes provides a full spectrum of drilling and completion fluid solutions, leveraging its extensive experience in both onshore and offshore operations. The company is known for its innovative approach to fluid chemistry, developing systems that enhance drilling efficiency, protect reservoir productivity, and reduce environmental impact.

Key Innovations & Market Focus:

• Development of low ECD (Equivalent Circulating Density) fluids for narrow pressure window drilling

• Comprehensive portfolio of reservoir drill-in fluids (RDF) and screen-running fluids

• Strong emphasis on sustainability with bio-based and reusable fluid components

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7️⃣ 4. Newpark Resources, Inc.

Headquarters: The Woodlands, Texas, USA
Key Offering: Ecosolve® engineered fluids, DuraDrill® systems, and integrated fluids and waste management services.

Newpark Resources is a leading provider of high-performance drilling fluid systems and environmental solutions. The company is particularly noted for its Ecosolve family of sustainable, high-performance synthetic-based and water-based fluids that offer superior performance with a reduced environmental footprint.

Key Innovations & Market Focus:

• Leadership in developing and deploying environmentally preferred fluid systems

• Proprietary technologies for fluid recovery, recycling, and waste reduction

• Strong market presence in North American shale plays and international markets

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2023-2028 Global and Regional Drilling & Completion Fluids Industry Status and Prospects Professional Market – View in Detailed Research Report

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6️⃣ 5. Anchor Drilling Fluids USA, Inc. (a NOV Company)

Headquarters: Tulsa, Oklahoma, USA
Key Offering: Custom drilling fluid systems, completion services, and solids control equipment.

Anchor Drilling Fluids, part of National Oilwell Varco (NOV), specializes in providing customized drilling fluid solutions for a wide range of applications. Their strength lies in combining advanced fluid technologies with NOV’s industry-leading solids control and waste management equipment, offering clients a fully integrated solution.

Key Innovations & Market Focus:

• Expertise in designing fit-for-purpose fluid systems for geographically diverse operations

• Seamless integration with NOV’s drilling equipment and digital platforms

• Focus on cost-effective solutions for challenging land-based and shallow-water operations

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5️⃣ 6. TETRA Technologies, Inc.

Headquarters: The Woodlands, Texas, USA
Key Offering: TETRA CS Neptune® completion fluids, calcium chloride & bromide brines, and drilling fluids.

TETRA Technologies is a leading player in the completion fluids segment, renowned for its high-density clear brines. The company’s CS Neptune® fluids are industry standards for well completion and workover operations, providing superior corrosion inhibition and compatibility with downhole equipment.

Key Innovations & Market Focus:

• Market leader in high-density clear brine completion fluids (zinc, calcium, sodium bromide)

• Expanding portfolio of drilling fluid additives and water management services

• Strategic focus on the life-of-well fluid cycle, from drilling to abandonment

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4️⃣ 7. CES Energy Solutions Corp.

Headquarters: Calgary, Alberta, Canada
Key Offering: Drilling fluid chemicals, production chemicals, and custom chemical blends for the North American market.

CES Energy Solutions is one of the largest providers of drilling fluid systems in North America, with a particularly strong presence in the active shale plays of the United States and Canada. The company’s vertically integrated model allows for cost-effective production and rapid delivery of high-performance fluid additives and systems.

Key Innovations & Market Focus:

• Dominant market share in major North American unconventional basins

• Proprietary formulations for high-temperature and high-salinity applications

• Integrated chemical solutions spanning the entire well lifecycle

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3️⃣ 8. Scomi Group Bhd

Headquarters: Kuala Lumpur, Malaysia
Key Offering: SCOVI drilling fluids, specialized fluids for geothermal and HPHT wells.

Scomi Energy Services is a key regional player with a strong footprint in Asia-Pacific, the Middle East, and Africa. The company provides a wide array of drilling fluid systems and has developed particular expertise in challenging drilling environments, including geothermal wells and HPHT reservoirs.

Key Innovations & Market Focus:

• Specialized expertise in geothermal and HPHT drilling fluid technology

• Robust regional logistics and manufacturing capabilities

• Focus on developing cost-optimized solutions for emerging markets

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2️⃣ 9. Gumpro Drilling Fluids Pvt. Ltd.

Headquarters: Mumbai, Maharashtra, India
Key Offering: Water-based drilling fluids, oil-based drilling fluids, and specialty chemicals.

Gumpro is a leading Indian drilling fluids company with a growing international presence. The company manufactures a wide range of drilling fluid additives and systems, serving both onshore and offshore operations. Gumpro is recognized for its quality products and its ability to serve price-sensitive markets effectively.

Key Innovations & Market Focus:

• Strong manufacturing base for a wide range of drilling fluid additives

• Strategic focus on expanding market share in the Middle East and Southeast Asia

• Development of tailored solutions for coal bed methane (CBM) and shale gas exploration

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1️⃣ 10. Secure Energy Services Inc.

Headquarters: Calgary, Alberta, Canada
Key Offering: Drilling fluid services, production chemicals, and comprehensive fluid recycling and waste management.

Secure Energy Services offers an integrated approach to drilling fluids, combining fluid engineering with extensive waste management and recycling infrastructure, primarily in the Western Canadian Sedimentary Basin. Their model emphasizes the full lifecycle management of fluids, reducing environmental impact and lowering overall well costs for operators.

Key Innovations & Market Focus:

• Pioneering closed-loop drilling waste management and fluid recycling systems

• Integration of drilling fluids with production and midstream service offerings

• Focus on sustainability through fluid reuse and reduction of freshwater consumption

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2023-2028 Global and Regional Drilling & Completion Fluids Industry Status and Prospects Professional 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 at a pivotal juncture. While the foundational role of these fluids remains unchanged, the technologies and priorities shaping their development are evolving rapidly. The future will be defined by digitalization, environmental performance, and cost efficiency.

📈 Key Trends Shaping the Market (2023-2028):

• Digital Fluid Management: Adoption of IoT sensors, real-time data analytics, and AI to optimize fluid properties, predict problems, and automate mixing, leading to significant cost savings and improved wellbore quality.

• Environmental Stewardship: Accelerated shift toward high-performance water-based fluids (HPWBF) and sustainable synthetic-based systems to replace conventional oil-based muds, driven by stricter regulations and operator ESG commitments.

• Circular Economy Models: Growth in fluid recycling, reprocessing, and closed-loop systems that minimize waste generation, reduce freshwater usage, and lower the total cost of operations.

• Fluids for Extreme Conditions: Continued R&D into specialized fluids capable of performing in ultra-Deepwater, HPHT, and geologically complex formations, enabling access to previously untapped reserves.

Read Full Report:
2023-2028 Global and Regional Drilling & Completion Fluids Industry Status and Prospects Professional Market – View in Detailed Research Report

The companies profiled above are not merely suppliers; they are strategic partners in the global quest for energy security. Their continued innovation in fluid technology is fundamental to safely and efficiently unlocking the energy resources that power the world.