As the oil industry continues to struggle with low crude prices, oil well cement will continue to register muted growth. Shale oil exploration represents an opportunity to the sector by increasing the overall depth of oil rigs
CW Research presents an overview of the oil well cement market, including historical and forecast data on production, distribution, pricing and demand. Having a much narrower market compared to regular Portland cement, oil well cement has its own drivers and challengers that require analysis. The oil well cement market is linked to the dynamics of supply and demand in the international oil market, but also to the different methods of exploration used in that industry, be it offshore, onshore, or share wells.
Read the full article in CemWeek Magazine 40