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Drilling Fluids Waste Management Market:In-Depth Analysis and Forecast on Market Dynamics, Emerging Trends, Growth Factors
Drilling Fluids Waste Management
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According to the report, the Latin America drilling fluids waste management market is primarily driven by the increasing production and exploratory activities in the region. The large increase in drilling activities has created a greater need for the waste management strategies to protect the regional landscape and its flora and fauna.The Latin America drilling fluids waste management market benefits greatly from the strict government mandates that require all drilling activities to be retrofitted with waste management systems.
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However, the Latin America drilling fluids waste management market does suffer from setbacks, the biggest of which is the operational challenges faced by drilling companies in adopting drilling fluids waste management services.The report’s geographical segmentation of the Latin America drilling fluids waste management market reveals Brazil to be the market leader for 2013 owing to the country’s large-scale drilling activities on offshore reserves. Brazilian oil companies are also receiving greater investments, which allow them to command a significant share in the Latin America drilling fluids waste management market.
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In terms of applications, the Latin America drilling fluids waste management market was dominated by offshore drilling, which held over 55% of the market in 2013.The key players in the Latin America drilling fluids waste management market are Baker Hughes Incorporated, Imdex Limited, Weatherford International Ltd., National Oilwell Varco, Halliburton Company, and Schlumberger Limited. The report explains how brand image plays an important part in the global drilling fluids waste management market, as services are availed on a contractual basis.
Key segments of the Latin America Drilling Fluids Waste Management Market
Latin America Drilling Fluids Waste Management Market: Service Segment Analysis
Solid control
Treatment & disposal
Containment & handling
Latin America Drilling Fluids Waste Management Market: Application Analysis
Offshore
Onshore
Latin America Drilling Fluids Waste Management Market: Country wise Analysis
Argentina
Brazil
Venezuela
Others (Rest of Latin America)
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