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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
Drilling Waste Management Market - Trends and
Forecast till 2025
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.
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On the basis of service type, drilling waste management market is segmented into solid
control, treatment & disposal, containment & handling, and others. Furthermore, the service
type is sub-segmented into treatment & disposal, containment & handling, and solids control.
Treatment & disposal service segment was the leading segment among service types, and
accounted the largest share in drilling waste management market, owing to the onsite burial
sites which include landfill and pits, land farming, land spreading, slurry injection, thermal
treatment, and bioremediation. However, solid control segment will be the largest growing
segment during the forecast period, due to high efficiency of the process involved with
control system. Furthermore, the service segment is used to remove unwanted solids such as
drill cuttings from drilling fluid, gases and other contaminants in mud, while providing
maximum recovery for re-use of drilling fluids.
On the basis of application, drilling waste management is segmented into onshore and
offshore. In 2016, onshore application segment was the leading segment with the largest
market share in drilling waste management market, owing to its wide operations based on
land. Furthermore, onshore drilling offers large options for storage and transport of oil after
the extraction process.
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.
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.
Among service type, treatment and disposal segment accounted to held major share in the
drilling waste management market in 2016. Factors such as high initial investment and lack
of skilled labor is expected to hamper the market growth.
Major Players in the Global Drilling Waste Management Market
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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