Waste management activities is dependent on effective drilling and production operations and the successful application of waste management principles is essential for maintaining efficient drilling operations and environmental protection.
Growing environmental concerns coupled with increased expenditure from oil & gas companies in exploration and developmental activities are key factors that drive the growth of the world drilling waste management market. Furthermore, stringent government regulations persuading oil & gas companies in implementing effective drilling waste management practices is a factor that will boost the growth of the market. The growth of the market is constrained by high operational cost and other economic challenges along with intense competition. The focus to achieve zero discharge along with growing research & development activities for high-end treatment technology would offer ample opportunities to the waste drilling management market. Scarcity of skilled personnel to manage drilling waste activities is a key market challenge.
The report segments the world drilling waste management market on the basis of application, service, and region. On the basis of applications, the market is segmented into onshore and offshore. On the basis of service, the market is segmented into solids control, containment & handling and treatment & disposal. On the basis of region, the market is segmented into North America, Middle East, Africa, South America, Asia-Pacific and Europe.
Key market players operating in waste drilling management market are Baker Hughes Inc., Halliburton Co., National Oilwell Varco, Inc., Schlumberger, Weatherford International Ltd., Ridgeline Energy Services, Derrick Equipment Company, GN Solids Control, Imdex Limited, Kosun and Newalta.
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