Drilling Waste Management Market: Top 10 Companies, Trends, Growth Factors, Global Industry Overlook during Forecast Period

“Drilling Waste Management Market”
Drilling Waste Management Market Size, Business Operation Data, Study with Focus on Company Profile | Industry Top Manufactures Analysis and Opportunity Assessment 2018-2023

Market Scenario

Oil is among one of the most important natural resources. The production of oil from oil wells generally adds to drilling waste, which incidentally is a major source of pollution. The oil production process generates many types of wastes, which can have severe impacts on the environment and major oil players are continuously looking into ways of disposing these wastes. As the technology evolved, there have been significant developments in drilling waste management technologies. Less waste generation technologies such as directional drilling, slim-hole drilling, coil-tubing drilling and pneumatic drilling have been implemented over the last few decades but traditional drilling operations still prevail in many locations. On the other hand, all activities involved in oil & gas supply chain such as oil & gas exploration, production, storage and transportation involve the generation of waste and has potential risk to the environment.

Drilling waste management refers to the waste generated by oil & gas upstream operations such as exploration and production activities, which include operations such as drilling operations, production operations, completion operations, work-over operations, gas plant operations. During the drilling process, to remove and bring the drill cuttings to the surface, drilling fluid or mud is pumped down.  The resulting drill fluid will have suspended drill cuttings and also heavy metals, which need to be treated and disposed to reduce the environmental impact.  

Get Exclusive Sample Copy@ https://www.marketresearchfuture.com/sample_request/6012

The drilling waste management market is segmented on the basis of waste type as waste lubricants, contaminated water-based muds, contaminated oil-based muds, spent bulk chemicals, and others. Most of these waste types have possible environmentally harmful constituents such as heavy metals, organics, aromatic hydrocarbons, inorganic salts. These materials have the potential to impact the environment negatively.

On the other hand, the drilling waste management market is segmented on the basis of application as onshore and offshore. In offshore applications, there are limited options for drilling waste management as there are stringent environmental norms and regulations, which force drilling operators to transport the drilling waste to land-based facilities for treatment and disposal. However, on the other hand, onshore operators have a wide variety of drilling waste management options available to them, and the selection of disposal method is based on the areas of operation.

The drilling waste management market is further segmented by service type, which includes treatment & disposal, solids control and containment & handling services. Most of the drilling waste management services are covered by treatment & disposal services, which has the largest market share and includes process such as onsite burial (pits and landfills), land farming, land spreading, bioremediation, thermal treatment, and slurry injection among others.  On the other hand, solid control services are occupying the second largest market share.

Global Drilling Waste Management market is projected to witness ~ 5.64% CAGR during the forecast period.

Global Drilling Waste Management Market

North America and Europe regions are expected to be the major markets for the global drilling waste management market. This is majorly because increasing number of oil drilling activities are happening in these regions. Particularly in the North American region, shale gas development drilling activities are increasing with advancement in drilling technologies, such as horizontal drilling and vertical drilling. The European region is the second largest growing market with countries such as Russia are investing in Arctic drilling activities. In terms of application, the offshore drilling waste management is expected to command the largest market share with strict regulations governing the deep water and ultra-deepwater drilling activities.

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.

For more Enquired @ https://www.marketresearchfuture.com/reports/drilling-waste-management-market-6012

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.

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  

Get Discount@https://www.marketresearchfuture.com/check-discount/6012

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

 

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

 

Contact:

Market Research Future

Office No. 524/528, Amanora Chambers

Magarpatta Road, Hadapsar

Pune – 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/drilling-waste-management-market-6012