CATEGORY

Drilling Chemicals

Beroe LiVE.Ai™

AI-powered self-service platform for all your sourcing decision needs across 1,600+ categories llike Drilling Chemicals.

Market Data, Sourcing & Supplier Intelligence, and Price & Cost Benchmarking.

Schedule a Demo

Category Alerts

CATEGORY ALERTS

Norwegian offshore oil and gas workers end strike due to government intervention

July 06, 2022
alert level: Medium
CATEGORY ALERTS

ADNOC Drilling secured $1.53 billion offshore contract to provide rigs and drilling services

October 10, 2022
alert level: Medium
CATEGORY ALERTS

ADNOC awards a five year drilling services contract to Weatherford

September 13, 2022
alert level: Low

Become a Beroe LiVE.Ai™ Subscriber to receive proactive alerts on Drilling Chemicals

Drilling Chemicals Market Monitoring Dashboard

Supply Demand

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

Drilling Chemicals Industry Benchmarks

Savings Achieved

(in %)

The average annual savings achieved in Drilling Chemicals category is 16.40%

Payment Terms

(in days)

The industry average payment terms in Drilling Chemicals category for the current quarter is 45.0 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

Meet Abi

The World’s first Digital Market Analyst

    Schedule a Demo
    Meet Abi

    The World’s first Digital Market Analyst

    Abi, the AI-powered digital assistant brings together data, insights, and intelligence for faster answers to sourcing questions

    Drilling Chemicals Suppliers

    10,425
    Total Suppliers
    374
    Diverse Suppliers
    88
    Normalized Supplier Rating
    Drilling Chemicals Supplier

    Find the right-fit drilling chemicals supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    Brenntag SE
    Location
    Jackson, Mississipi
    Duns number
    3862211
    D&B SER Rating
    dnb logo

    Up to 3 months

    1 9
    2
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile
    Company and Sector Performance
    41
    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    38
    Social
    37
    Governance
    51
    6 Domains Performance (/100)
    Business behaviour
    49
    Human rights
    43
    Community Environment
    22
    Corporate governance
    52
    Human resources
    32
    Security Scorecard
    68
    Threat indicators
    F
    43
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    B
    81
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    F
    43
    Application Security
    Detecting common website application vulnerbilities
    A
    90
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    D
    65
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    B
    80
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked
    Industry Comparison
    brenntag.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    1
    Workforce Health Safety Issues
    0
    Product Service Issues
    4
    Human Rights Issues
    0
    Production Supply Chain Issues
    0
    Environmental Non Compliance Flags
    5
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    5
    Fraud Issues
    0
    Labor Health Safety Flags
    0
    Regulatory Issues
    2
    Workforce Disputes
    0
    Sanctions
    3
    esg energy transition
    50
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    No

    Drilling Chemicals market report transcript

    Drilling Chemicals Global Market Outlook:

    MARKET OVERVIEW

    Global market size:
    About $6.91 billion (2020 E)
    Expected to grow at a CAGR of about 7.1 percent to $8.49 billion by 2023.

    MAJOR MARKET DRIVERS
    • Rise in drilling activities
    • Increase in CAPEX spending on offshore activities

    Porter's Analysis on Drilling Chemicals

    Supplier Power

    • Drilling fluids are mandatory requirement during drilling operation. However, there are many regional and global providers present in the market, except for proprietary products
    • Supply chain management skills are critical in handling bulk orders
    • Some of the oilfield service companies are struggling to change onerous contracts signed with E&P companies
    • Therefore, the supplier power is lower to medium for drilling fluids

    Barriers to New Entrants

    • Drilling fluids are commodity based and can be easily manufactured with right technology. Capex requirement for drilling fluids manufacturing is low. However, suppliers requires oil & gas expertise for entering into the business
    • The market is highly competitive with many players, acquiring a steady contract would be a challenge for new entrants
    • Therefore, the barriers to new entrants are low to medium

    Intensity of Rivalry

    • The market is fragmented with many global and regional suppliers
    • Technology is available to many suppliers. The supplier market is mostly driven by wider service capability, economy of scale, and cost effectiveness of the services
    • Low switching cost. Easy to switch among suppliers with a little product differentiation. The intensity of rivalry is higher

    Threat of Substitutes

    • There is no substitute available for drilling fluids. However, internal substitution, such as using of water-based fluids in place of oil- based fluids exists

    Buyer Power

    • Buyers can negotiate the drilling fluids for lower prices, since there are many service providers around the globe
    • Drilling fluids are commodity products, which are widely available
    • Buyers spend in drilling fluids is crucial, a good quality product may provide huge cost savings
    • The buyer power for drilling fluids is termed to be higher