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AbstractNanotechnology application can revolutionalise the additive characteristics and behaviour by tuning particle properties to meet certain operational, environmental, and technical requirements. Hence, the nanotechnological research leading to create some tailored made nanoparticles could be a promising step change research for smart fluids development for different industrial applications. These particles are ultra fines in nature, usually larger than an atom cluster but smaller than ordinary micro particles and thus have very high specific surface area with enormous area of interactions. Due to nano-scale particle dimension, the nano-type fluid additives have both external as well as internal inhibition potential, require a very low additive concentration and thus expected to provide superior fluid properties at a drastically reduced additive concentration.Nano-particles with high thermal stability and affinity to acid gases such as H 2 S and CO 2 will help meet the technical challenges of sour gas environment, deep and geothermal drilling and thus expected to complete a well economically and safely with a drastic reduction in oil and gas exploration and exploitation risk. Identification, screening, selection, and/or development of nontoxic, environment friendly and biodegradable nano-particle-based drilling fluids are expected to meet the current as well as the future environmental norms and regulations for drilling and production in deep water and sensitive environments.This paper provides a detailed description of the likely benefits of emerging nano-particle-based additives in smart fluid design for oil and gas field application, especially for a new generation of drilling and drill-in, completion, stimulation, fracturing, etc fluids for trouble-free drilling, completion and production of oil and gas resources.