About Drilling Waste Management
All activities related to Oil & Gas Exploration, Production, Storage and Transportation include waste production correlated with potential risk to the environment. Waste types are related to Exploration and Producing (E&P) activities. Drilling waste management is a part of prosperous operation actions related to E&P operations, which is essential for effective drilling and production operation and for environmental security. The waste streams from drilling include drilling fluids, cuttings, and interfacial mixtures. Large E&P activities, increasing environmental interests, and stringent government regulations are some of the factors which are expected to fuel the growth of the drilling waste management market,
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Drilling Waste Management market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Halliburton Co. (United States), Weatherford International Ltd. (United States), National Oilwell Varco, Inc. (United States), Xi'an Kosun Machinery Co., Ltd. (China), Tervita Corporation (Canada), TWMA Ltd. (United Kingdom), Step Oiltools (Netherlands), Soli-Bond, Inc. (United States), Scomi Group Bhd. (Malaysia) and Specialty Drilling Fluids Ltd. (Nigeria) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Soiltech AS (United Kingdom), Baker Hughes (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Drilling Waste Management market by , Application (Production operations, Completion operations, Work-over operations, Gas plant operations and Others) and Region.
On the basis of geography, the market of Drilling Waste Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Waste type, the sub-segment i.e. Waste lubricants will boost the Drilling Waste Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Treatment & Disposal will boost the Drilling Waste Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sites, the sub-segment i.e. Onshore will boost the Drilling Waste Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing offshore exploration activities and The technological advancement
Market Growth Drivers:
Growing environmental concerns, the major impacts of great concerns are pollution of water bodies, pollution of land, as well as air pollution and Increasing government body supports
Challenges:
Intense competition between service providers
Restraints:
High cost of the waste management drilling process
Opportunities:
Emerging demand from the developing regions
Market Leaders and their expansionary development strategies
In August 2020 Augean united kingdom-based company announced its agreement of acquiring drilling waste management firm Ecocentre. Anss assists the treatment, recycling and re-use of waste material derived from well drilling and maintenance activities on offshore rigs through to treatment, recycling and disposal of waste onshore.
In September 2023, Specialist drilling waste management company TWMA launched the latest evolution of its award-winning RotoMill technology. RotoMill 2.0 is the most energy efficient RotoMill and promises to deliver operators with an environmentally sustainable wellsite processing solution.
Key Target Audience
Original Equipment Manufacturers (OEMs), EPC Companies, Oil & Gas Service Providers, Drilling Waste Management Service Provider, Consulting Firms, Private Equity Groups, Investment Houses, Equity Research Firms and Other Stakeholders
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.