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Global Drilling Waste Management Services Market

  • Published Date: 14 Oct 2018
  • Number of Pages: 191
  • Category: Energy and Utilities
  • Country: Global
Oil and gas exploration produces waste material consisting of fluids, solid cuttings, clays and chemicals that contaminate the surroundings which is hazardous to the personnel involved in drilling, general public, soil, water, animals and plants. The result is- pollution of marine water, surface, soil and water degradation and groundwater contamination. This calls for a proper drilling waste management system run by the professionals.

Pollution control and preservation of environment have become a matter of concern for all the governments and international environment protection bodies. Governments have created stringent laws and regulations for drilling companies in order to set ideal environment standardslike Environment Protection Act of USA. Drilling waste management is a line of equipments for drilling waste management wherein the close-loop mud circulation is in place to enable the operators to curtail the cost of drilling and waste handling. Vertical cutting dryers need to have chemically enhanced configuration for removing fine solids, so that the oil fluids are separated from solids and are recycled and used.

Drilling Waste management Ecosystem consists of:

--> tendering, engineering and certification

--> contracting- drilling waste management, solid control, treatment, disposal and others

--> installation and operations of equipment rendering the services

--> relieving

--> maintenance

Global drilling waste management services market was estimated to be at USD XX Bn in 2016 and it is expected to reach USD XX Bn by 2023, at a CAGR of XX%.

Market Dynamics

Global hunger for oil and natural gas is insatiable. Explorations are not going stop and the countries will go deep to any extent. The drilling of oil creates waste. For waste removal, innovative methods and the latest disposal techniques will be used. Stringent laws will continue getting stricter.Pollution control and environment protection will cause concerns and the regulatory bodies will hound the oil exploring players. It is therefore, imperative for them to have a proper drilling waste management system in place. There will always be opportunities for the players with vast resources, latest technology and cheap labor.

Market Segmentation

Based on application

--> Onshore
--> Offshore

Based on service type

--> Solid Control Services
--> Treatment recycling
--> Recovery and Disposal
--> Containment and Handling

Regional/ Geographic analysis

Latest technology called Shale was used by USA for ultra-deep onshore and offshore oil explorations to the levels so deep which were so far inaccessible. Shale revolution of US is the combination of Hydraulic fracturing and horizontal drilling which enabled USA to significantly increase its production of oil and natural gas which accounts for 34% of their oil production.The monopoly of OPEC nations came to an end and the importer became an exporter and today even countries like India have started importing gas from USA, abandoning the OPEC exporters for cost cutting. Following the Shale technology, the oil reach countries like Russia, India and China have gone for ultra deep oil and gas exploration.Onshore segment is expected to show a stable rise with North American and European regions, leading the market due to the large number of oil wells and routine oil exploration activity in the Gulf region.The usage of Hydraulic fracturing and horizontal drilling techniques has increased. By 2030, India will be the major oil driver with a CAGR of 4% as against 1% CAGR of the world.

There is anutter criminal disregard for pollution control measures in many Asia-pacific countries and Africawhere pollutants are spilled from the platforms in the marine water, riverbeds, and surroundings. They contaminate the surrounding, emit hazardous gases and radioactive pollutants. As the governments of these countries realize the need of strict laws, regulatory law enforcement agencies and strengthen the forces of law and order, the large players of drilling waste management will earn more and more contracts. China with its prompt delivery and disposal, cheap labor and lower quotations will dominate the Asian and the world market for drilling waste management.

Opportunities

--> Availability of cheap labor in countries like China, India.
--> Technological advancements in the machinery and processes
--> Research and development
--> Ample oil and gas resources will attract global players who will need drilling waste management system in place
--> Synchronizing with growing investment in energy and power sector
--> Possibilities of Shale gas production in the Asia- Pacific countries
--> Developing countries like India and Brazil will enhance the wireline market demand

Threats

--> Stringent Regulatory framework and Environment protection Laws by International bodies.
--> High Cost due to intense competition in service market.
--> Rising awareness regarding hazardous effects of waste.
--> Slump in prices of crude oil.

Key Players

--> Baker Hughes
--> Halliburton
--> National Oilwell Varco
--> Schlurnberger
--> Weatherford

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada


> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America


> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe


> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe


> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific


> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa



This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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