Drilling Waste Management Market Brief Analysis And Application Set To Attain Growth by 2023

Global Drilling Waste Management Market Research Report: Information by Waste Type (Waste Lubricants, Contaminated water-based muds, Contaminated oil-based muds, Spent Bulk Chemicals), Application type (Onshore, Offshore), Services– Forecast till 2023

Market Research Analysis

North America and Europe regions are expected to command a major market share.

North America region is dominating the market for drilling waste management. With increasing onshore drilling activities due to techniques such as directionless drilling and horizontal drilling, the market is further expected to be driven by the stringent environmental regulation in the regions. In Europe, Russia is continuously investing in arctic drilling activities where new oil and gas drilling projects are currently being carried out. Also, in U.S. enhancement of oil field production activities are carried out in the Gulf of Mexico region where several oil fields are currently reaching the end of their operational lifetime.

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Market Highlights

The oil and gas drilling process generates a very large volume of drill cuttings and used muds. With the development of technology, onshore and offshore operators have employed a variety of methods for managing drill wastes. Onshore and offshore drilling operations are currently witnessing an increase as the oil prices have been increasing in the past year. However, with safety of operations being of prime importance to oil and gas operators, stringent environmental norms have been imposed on reducing drilling waste activities.

The global oil and gas drilling operators are aiming to ensure an environmentally safe waste disposal approaches. In drilling operations, many of the materials and waste associated with the operations have very high impact on environment. Drilling waste can severely impact the water bodies, pollution of land, and can also result in air pollution. Improper disposal of drilling wastes can also affect the marine and aquatic life.

Scope of the Report

This report provides an in-depth analysis of the global drilling waste management market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Europe, Asia Pacific (APAC), Middle East, Africa and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the drilling waste management market by waste type, application type, service type and by region.

By Waste Type
Waste Lubricants
Contaminated water based muds
Contaminated oil based muds
Spent Bulk Chemicals
Others
By Application Type
Onshore
Offshore
By Service Type
Treatment & Disposal
Solids Control
Containment & Handling
By Regions
North America
Asia Pacific
Middle East and Africa
Europe
Rest of the World

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Key Players

The key players in the global drilling waste management market are Baker Hughes, a GE company (U.S), Halliburton Company (U.S), Schlumberger Limited (France), Weatherford International PLC (U.S), National Oilwell Varco, Inc. (U.S), and Newalta Corporation (Canada). Hebei Gn Solids Control Co. Ltd. (China), Secure Energy Services, Inc. (Canada), Augean PLC.(U.K), Derrick Equipment Company (U.S), Ridgeline Canada, Inc.(Canada), Specialty Drilling Fluids Ltd.(U.S), and Tervita Corporation (Canada) are among others.

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