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The global drilling waste management market size was valued at US$ 3.91 billion in 2016 and is expected to witness a CAGR of 6.30%, during the forecast period.

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drilling waste management market global industry

Drilling Waste Management Market- Global

Industry Insight, Trends, Outlook, and

Opportunity Analysis 2017-2025

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report description

REPORT DESCRIPTION

Drilling Waste Management Market Overview

Drilling waste management is a constituent of successful operation activities related to E&P operations, which is

essential for effective drilling and production operation and for environmental protection. The waste streams from

drilling includes drilling fluids, cuttings, and interfacial mixtures. Large E&P (Exploration & Production)

activities, growing environmental concerns, and stringent government regulations are some of the factors which is

expected to fuel growth of the drilling waste management market during the forecast period. The discovery of

deep-water hydrocarbon reserves created several opportunities for the oil and gas manufacturers, supporting the

growth of market. However, slump in crude oil prices hamper the market growth.

Drilling waste management is classified on the basis of service type such as solid control, treatment & disposal,

containment & handling, and others. Among service type, treatment and disposal service segment accounted for

largest share in drilling waste management market. This is mainly owing to the onsite burial sites which include

landfill and pits, land farming, land spreading, slurry injection, thermal treatment, and bioremediation. The solid

control segment is expected to witness significant growth, owing to the efficiency of the process. This service

segment is used to remove unwanted solids such as drill cuttings from drilling fluid, removes gases, and other

contaminants in the mud, providing maximum recovery for re-use of drilling fluids. Drilling waste management is

also classified on the basis of application such as onshore and offshore.

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report description 1

REPORT DESCRIPTION

North America holds a dominant position in the global drilling waste management market, with 36.40% market

share. This is due to various drilling activities produced by the increase of the shale gas. The U.S. Shale

Revolution significantly increases its oil and gas production, one of the biggest event for oil & gas industry.

The regulations in the U.S. promote the development of oil & gas, providing a stable process. The stabilization

of oil prices may result in increasing drilling activities in North America, which in turn, drives the market

growth.

Europe holds the second largest position, in terms of revenue, in the global drilling waste management market.

The market is driven by growing exploration activities, supportive regulations, and increasing awareness

towards environmental pollution. Environmental regulations such as zero discharge policy in the offshore

region drives the market growth. The used drilling mud is considered as a kind of mining waste, thus, it is

subjected to 20/2006/EC mining waste directive, as per European legislation. The drilling mud cannot be

disposed on landfill facility and can be re-injected into underground strata.

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report description 2

REPORT DESCRIPTION

In Middle East and Africa, the discoveries of gas in Mozambique and Tanzania and increased E&P (Exploration &

Production) activities in Kenya and Uganda, holding untapped oil and gas reserve potential in the region. The

stringent environmental norms for offshore projects and any spillage may result in additional operation cost,

ensuring the adoption of drilling waste management by the industry.

The drilling waste management market was valued at US$ 3.91 billion in 2016 and is expected to witness a

CAGR of 6.30%, in terms of revenue, during the forecast period.

Some of the key players operating in the global drilling waste management market are Halliburton Co.,

Weatherford International Ltd., National Oilwell Varco, Inc., Xi'an Kosun Machinery Co., Ltd., Tervita

Corporation, TWMA Ltd., Step Oiltools, Soli-Bond, Inc. Specialty Drilling Fluids Ltd., Soiltech, Scomi Group

BHD, Secure Energy Services, Inc., Schlumberger Ltd., Nuverra Environmental Solutions, Ridgeline Canada,

Inc., Newalta, Hebei Gn, Solids Control Co. Ltd., Imdex Limited, Baker Hughes, Inc., Derrick Equipment

Company, and Augean PLC

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