The Production of Crude Oil is Driving the Consumption of Oilfield Stimulation Chemicals Market

Oilfield Stimulation Chemicals

 

Oilfield stimulation is the process undertaken for the recovery and improving the flow of hydrocarbons from drilling well. Oilfield stimulation chemicals market can be classified into gelling agents, friction reducers, surfactants, corrosion & scale inhibitors, acids, and others such as biocides and cross linkers.

 

The production of crude oil is driving the consumption of Oilfield Stimulation Chemicals Market, globally. Rise in the drilling of deeper wells is also one of the key reasons for the growth of the market. Growing demand for well stimulation processes offers great push to the oilfield stimulation chemicals market. It offers a wide range of opportunities to chemical suppliers as well as formulated oilfield chemical suppliers. Regulations related to the protection of surface water and ground water during seismic testing is hindering the growth of the oilfield services market. The oilfield operations of existing wells have now become difficult due to the introduction of these new and stringent policies. The limited exploration activity is mainly due to the difficulty and the time length required for issuing licenses and the necessary authorization for stimulating.

 

Products such as acids and biocides are used to control the bacteria present in the fracturing fluid at the surface. Corrosion inhibitors are frequently required in highly acidic and saline environments in order to protect the metal equipment. Friction pressure is a concern during the pumping process. It can be efficiently controlled by employing friction inhibitors. The viscosity of fluids can be controlled by using gelling agents.

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