Global Drilling Waste Management Market Report 2018 | Ozone Market Reports
Posted by Niks Deshmukh on September 20th, 2018
Ozone Market Reports projects that the Drilling Waste Management market size will grow from USD 4.27 Billion in 2017 to USD 6.34 Billion by 2023, at an estimated CAGR of 6.8%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
North America accounted for the largest market share due to the abundance of the drilling activities created by the increase of the shale oil. Europe is projected to grow at the highest CAGR during the forecast period which can be attributed to the maturing fields in the region. The increase in the energy demand has resulted in the rise in oil & gas production from the regions such as North America and the Middle East. Due to this increase, there is increase in the exploration & production activities in the region. The drilling activity process plays a crucial role for oil & gas Exploration and Production (E&P). This increase in the drilling activities results in the surge of the waste produced while drilling which comprises of the drilling mud and cuttings. Therefore, it is very important to have a suitable waste management application for drilling processes, safeguarding the environment. Increase in production and exploration activities provides opportunities of drilling waste management.
By Market Players:
Schlumberger Limited. , Halliburton Company , Baker Hughes Incorporated , Weatherford International PLC. , National Oilwell Varco, Inc. , Scomi Group Bhd , HebeiGn Solids Control Co. Ltd. , Newalta Corporation, , Nuverra Environmental Solutions , Secure Energy Services, Inc. , Imdex Limited , Augean PLC. , Xi’an Kosun Machinery Co., Ltd. , Derrick Equipment Company , Ridgeline Canada, Inc. , Soiltech as , Soli-Bond, Inc. , Specialty Drilling Fluids Ltd. , Step Oiltools , Tervita Corporation
By Service
Treatment & Disposal, Containment & Handling, Solids Control, ,
By Application
Onshore, Offshore, , ,
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