Saudi Arabia Oilfield Chemicals Market Forecast and Opportunities, 2020

Bharat Book Bureau provides the report, on “Saudi Arabia Oilfield Chemicals Market Forecast and Opportunities, 2020”. https://www.bharatbook.com/materials-chemicals-market-research-reports-490203/saudi-arabia-oilfield-chemicals-forecast-opportunities.html The Report to help industry consultants, oilfield chemicals manufacturers and stakeholders to align their market-centric strategies.

Aug 18th 2015- Mumbai, India: Bharatbook.com announces a report on “Saudi Arabia Oilfield Chemicals Market Forecast and Opportunities, 2020”. The report Oilfield chemicals are used during this entire process with the prime objective of enhancing the production capacity and process efficiency.

Oilfield chemicals play a significant role at each stage of exploration and production of oil & gas, from drilling to transport of output from the field to refinery. https://www.bharatbook.com/materials-chemicals-market-research-reports-490203/saudi-arabia-oilfield-chemicals-forecast-opportunities.html Oilfield chemicals are used during this entire process with the prime objective of enhancing the production capacity and process efficiency. Saudi Arabia accounts for the second largest crude oil reserves globally, with a decent reserve to production ratio of 63.6 in 2014, depicting efficient utilization of proved reserves. Oil production and natural gas production in the country grew at a CAGR of 3.42% and 3.34%, respectively, during 2010-2014, consequently aiding the demand for oilfield chemicals. Moreover, increasing demand for fuel and energy in domestic as well as export market is shifting the focus of oil companies in Saudi Arabia towards offshore drilling activity, to further increase oil & gas production in the country. Rise in offshore drilling activities in Saudi Arabia, in addition to existing onshore activities, is anticipated to drive the demand for oilfield chemicals in the country over the next five years.

According to “Saudi Arabia Oilfield Chemicals Market Forecast &...