CATEGORY

Drilling Chemicals

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Category Alerts

CATEGORY ALERTS

Global upstream capex growth expected around 15%

February 09, 2023
alert level: Medium
CATEGORY ALERTS

US Gulf of Mexico operators shut down operations due to Hurricane Ian

September 28, 2022
alert level: High
CATEGORY ALERTS

ADNOC awards a five year drilling services contract to Weatherford

September 13, 2022
alert level: Low

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Drilling Chemicals Market Monitoring Dashboard

Supply Demand

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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

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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

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    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

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