While drilling and cementing oil and gas wells, a number of fluids circulate in the annular space between the casing and the rock formation. Good cement bonding to the formation or the casing depends on how well the drilling mud can be washed out of the annular space by spacer and washer fluids, and on how well the cement slurry displace the last ones. Failure in cementing can compromise the hydraulic sealing of the well causing serious environmental damages and production losses. Therefore, it is important to study the displacement process of fluids in annular spaces and determine the conditions that guarantee displacement efficiency. In this work fluids displacement in laminar flows were investigated in an annular space formed by concentric cylinders. The displacement efficiency was related to the interface shape between the fluids. Visualization tests were performed in the experimental apparatus existent in the laboratory and a new experimental apparatus was built in a smaller scale. On the new experimental apparatus, the possibility creating a visualization plane by adding tracer particles that reflect the light coming from laser beams to the displacing fluid was verified. The greater difficulty for using this technique is to find fluids with similar refraction indices. The cases of a more viscous Newtonian fluid displacing a less viscous one and vice versa were studied for three different flow rates. Was observed that for lower flowrates, the interface shape is flatter and that indicates a better displacement efficiency.