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 standards like 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.
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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
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.
Based on application
Based on service type
Solid Control Services
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.
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
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.
National Oilwell Varco
Report Contents Regional Analysis Report Highlights
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
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
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Rest of Western Europe
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Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
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Rest of Middle East and Africa
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Market dynamics of the industry
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Recent trends in Market and impact
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