The analysis of the steady laminar Couette flow of non-Newtonian power-law fluids in a narrow eccentric annulus is employed in this study to compute the surge or swab pressure encountered when running or pulling tubular goods in a liquid-filled borehole, respectively. Excessive surge pressure can fracture the formation, while uncontrolled swab pressure can result in well blowout. In this study, the eqs of motion are analytically solved and the solution of these eqs is presented in both dimensionless and graphical forms for a more general application to computing the surge or swab pressure. The family of curves is presented for different pipe/borehole eccentricity ratios and power-law fluid index values which span the range of typical drilling fluids. By employing the computed surge pressures, in combination with the family of curves, the maximum velocity at which the casing can be run in the hole without the danger of fracturing the formation can be obtained. The expected error in surge computation for a narrow concentric annulus represented by a slot, as a result of eccentricity, is evaluated. The results obtained from the these analyses will aid in proper design and optimization of drilling programs, especially in deviated holes.