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Business News Agency July 12th The global oilfield chemical market demand is growing strongly. Demand for chemicals used in oil and gas drilling, well completion, stimulation of wells and oil and gas processing is very strong and will continue to grow. In some areas, demand growth in the next 10 years will be close to or reach double digits. Recently, the industry is optimistic about the prospects of the oil chemical industry.
According to the Friedonia Group, global demand for oilfield chemicals will grow at an annual rate of 4.4% by 2013, and by 2013, the global market will reach 10.7 billion U.S. dollars. The growth momentum of oilfield chemical demand is mainly driven by well stimulation and enhanced oil recovery. The demand for chemicals in these two areas will increase rapidly at an average annual rate of 10.7% and 7.4% respectively; oilfield production, cement grouting and oil wells Demand for well completion chemicals will increase at a moderate rate; while demand for drilling fluids will show negative growth, which will drop by 3.2% before 2013.
Melinda Burn, director of global marketing for Ashland’s oilfield chemicals business, said that the current drilling environment has become more extreme than ever and the pH and salt content of the drilling environment that needs to be treated The change range is even greater. The three major developments in the field of oilfield chemicals are: lower costs, better compatibility, and reduced environmental impact. Market participants believe that the depth of drilling is currently deeper and deeper. As the depth of drilling increases, the temperature and pressure at the bottom of the well continue to increase, thus putting forward higher requirements for drilling mud formulations. Current drilling mud formulations are more complex and include biopolymers, corrosion inhibitors, and lubricants.
Gerry Cooper, director of global marketing for chemical business at Nalco Oilfield, said that with the end of the era of cheap oil, the demand for oilfield chemicals will continue to grow, because such products can help oil producers to obtain oil resources that could not be mined in the past. . Nalco has established a leading position in numerous fields of oil chemicals, including corrosion and scale inhibitors, hydrogen sulfide scavengers, and cracking and acidizing agents.
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