Oil and gas drilling process generates a large volume of waste which includes spent mud and drilling cuts. This waste adversely affects human health and the environment. The oil and gas industry is focusing to develop a new technology that will have the least impact on the environment. For instance, cuttings reinjection (CRI) technology has less impact on the environment and also provides oily waste disposal. The offshore and onshore operators use a variety of methods to manage the drilling wastes. Drilling wastes are accounted for the second largest volume of waste generated by the E&P industry.
Market Dynamics
The drilling waste management market is expected to be dominated by North America, followed by Europe. This is mainly owing to increasing concerns related to the environment and stringent government regulations. Increasing consumption of crude oil due to growing energy demand is fueling the market growth in Asia Pacific, especially in countries such as India, China, South Korea, and Indonesia. In India, the ONGC (Oil and Natural Gas Corporation) plans to invest in E&P activities of shale gas on the eastern and western country’s coast. Moreover, the licensing policy and exploration of hydrocarbon approval in India is in favor of the regional players, which is expected to fuel demand for drilling waste management.
Key features of the study:
- This report provides in-depth analysis of drilling waste management and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2023 – 2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global drilling waste management market on the basis of the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include 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 as, 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
- Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
- The global drilling waste management market report caters to various stakeholders in this industry including investors, suppliers, oil & gas manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the drilling waste management market
Detailed Segmentation:
- Global Drilling Waste Management Market, By Service Type:
- Solids Control
- Treatment & Disposal
- Containment & Handling
- Others
- Global Drilling Waste Management Market, By Application:
- Global Drilling Waste Management Market, By region
- North America
- Europe
- U.K.
- Norway
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Thailand
- Australia
- Indonesia
- Malaysia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- GCC
- Israel
- Rest of Middle East
- Africa
- North Africa
- Central Africa
- South Africa
- Company Profiles
- Halliburton Co. *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Weatherford International Ltd.
- Schlumberger Ltd
- National Oilwell Varco, Inc
- Xi'an Kosun Machinery Co., Ltd.,
- Tervita Corporation
- Schlumberger Ltd
- Nuverra Environmental Solutions
- Ridgeline Canada, Inc.,
- Baker Hughes
- Hebei Gn
- Derrick Equipment Company
- Augean PLC
“*” marked represents similar segmentation in other categories in the respective section.
