Drilling Waste Management Service Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,900	188 Pages	TechSci Research	September, 2023	TCSI18181474

Best Price Guarantee
Price	from $4,900
Length	188 Pages
Publisher	TechSci Research
Published Date	September, 2023
SKU	TCSI18181474

Drilling Waste Management Service Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028FBy Service (Solid Control, Containment & Handling, and Others), By Location of Deployment (Onshore and Offshore), By Waste Type (Waste Lubricants, Contaminated water-based muds, Contaminated oil-based muds and Spent Bulk Chemicals), By Region

Global Drilling Waste Management Service market is anticipated to grow robustly in the forecast period 2024-2028. The demand for oilfield services is expected to rise due to the fact that upstream sector is growing rapidly. exploration, and drilling, etc.—which are expected to continue to grow the market, globally. The market for drilling waste management services is expected to grow over the next several years with the increase in drilling activity, globally. One of the main operations in the upstream oil and gas sector that has the potential to have an adverse effect on the environment is drilling. Millions of barrels of trash are produced annually by drilling, endangering the ecosystem. Drilling environmental management received little consideration in the early years of the oil industry.

Waste creation connected with possible environmental risk occurs during all oil and gas exploration, production, storage, and transportation activities. All waste types are related to exploration and production (E&P) operations. The following activities fall under these categories: Gas plant operations, drilling operations, production operations, completion operations, and work-over operations.

Increasing Government Initiatives Towards Drilling Waste Environmental Impacts

The drilling waste management services market is anticipated to experience growth during the projected period, which will be driven by an increase in drilling activity, particularly offshore drilling activity. Additionally, compared to onshore services, the treatment of drilling waste from offshore operations necessitates a significant amount of investment.

A large number of materials and wastes generated by drilling operations have the potential to have a detrimental influence on the environment. The potential impact is essentially determined by the substance, its concentration after release, and the exposed biotic community. While certain environmental concerns may be extremely high, others might be very modest. Air pollution, land pollution, and water pollution are the main effects that are of significant concern. Marine life is put to danger by improper disposal of polluted drill cuttings into water bodies (ocean).

Additionally, the use of diesel base mud is prohibited and only WBM (Water Base Mud) is allowed for offshore drilling. The chemical additives used in DF (WBM, OBM, or SBM) should be biodegradable and have a 96 HR LC 50 Value > 30,000 mg/l according to mysid toxicity or toxicity tests conducted on locally accessible sensitive sea species. These regulations are just a few instances of the rules that governments of several nations have announced due to which market is expected to grow in the forecast period.

Rising Crude Oil Demand and Investments in Drilling Operations are Factors Driving the Market

It is anticipated that the trend of increased exploration and production (E&P) operations in Deepwater and ultra-Deepwater reservoirs would lead to more wells being drilled, creating higher demand for oilfield services, and opening new opportunities for the drilling waste management services market. For instance, the creation of 27 man-made islands and 42 km of interconnected causeways by Saudi Aramco is perhaps Manifa's (Oil Field) most incredible achievement. While safeguarding the fragile coral reefs and weak fisheries, this oil field is employed as development platforms in shallow water.

Earlier, the Trump government declared at the beginning of 2018 that 98% of the coastal waters will be accessible for oil and gas exploration and production, which was not permitted during the Obama administration. Long term, it is anticipated that the news would increase demand for drilling waste management services in the American offshore industry.

The United States Department of Energy (DOE) is in charge of making sure that the country has a sufficient and cheap supply of energy. Finding and promoting new technologies that contribute to oil and gas production that is more affordable and environmentally friendly is one of DOE's objectives.

High Oil and Treatment Cost Hindering the Market Growth

Crude oil prices can fluctuate widely on the global market. High treatment is a significant factor hammering the market growth in the forecast period. However, the market is constrained from expanding due to a shortage of experienced labor and costly startup costs.

Market Segmentation

The Global Drilling Waste Management Service market is segmented based on service, location of deployment and waste type. Based on Service, the market is segmented into Solid Control, Containment & Handling, and Others. Based on Location of Deployment, the market is segmented into Onshore and Offshore. Based on Waste Type, the market is divided into Waste Lubricants, Contaminated water-based muds, Contaminated oil-based muds and Spent Bulk Chemicals.

Market player

Major players operating in the Global Drilling Waste Management Service Market include Baker Hughes, Halliburton, Schlumberger, Weatherford, TWMA, National Oilwell Varco, QMax, Scomi Group Bhd, Terra Oilfield Solutions, GN Solid Control.

Report Scope:

In this report, Global Drilling Waste Management Service Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Drilling Waste Management Service Market, By Service:
Solid Control
Containment
Handling
Others
Drilling Waste Management Service Market, By Location of deployment:
Onshore
Offshore
Drilling Waste Management Service Market, By Waste Type
Waste Lubricants
Contaminated water-based muds
Contaminated oil-based muds
Spent Bulk Chemicals
Drilling Waste Management Service Market, By Region:
North America
United States
Mexico
Canada
Asia-Pacific
India
Japan
South Korea
Australia
Singapore
Malayasia
China
Europe
Germany
United Kingdom
France
Italy
Spain
Poland
Denmark
South America
Brazil
Argentina
Colombia
Peru
Chile
Middle East
Saudi Arabia
South Africa
UAE
Iraq
Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Drilling Waste Management Service Market.

Global Drilling Waste Management Service Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights

1. Product Overview
2. Research Methodology
3. Impact of COVID-19 Global Drilling Waste Management Service Market
4. Executive Summary
5. Voice of Customers
6. Global Drilling Waste Management Service Market: 6.1. Market Size & Forecast; 6.1.1. By Value; 6.2. Market Share & Forecast; 6.2.1. By Service (Solid Control, Containment & Handling, and Others); 6.2.2. By Location of Deployment (Onshore and Offshore); 6.2.3. By Waste Type (Waste Lubricants, Contaminated water-based muds, Contaminated oil-based muds and Spent Bulk Chemicals); 6.2.4. By Region; 6.3. By Company (2022); 6.4. Market Map
7. North America Drilling Waste Management Service Market Outlook: 7.1. Market Size & Forecast; 7.1.1. By Value; 7.2. Market Share & Forecast; 7.2.1. By Service; 7.2.2. By Location of Deployment; 7.2.3. By Waste Type; 7.2.4. By Country; 7.3. North America: Country Analysis; 7.3.1. United States Drilling Waste Management Service Market Outlook; 7.3.1.1. Market Size & Forecast; 7.3.1.1.1. By Value; 7.3.1.2. Market Share & Forecast; 7.3.1.2.1. By Service; 7.3.1.2.2. By Location; 7.3.1.2.3. By Waste Type; 7.3.1.3. Canada Drilling Waste Management Service Market Outlook; 7.3.1.4. Market Size & Forecast; 7.3.1.4.1. By Value; 7.3.1.5. Market Share & Forecast; 7.3.1.5.1. By Service; 7.3.1.5.2. By Location; 7.3.1.5.3. By Waste Type; 7.3.1.6. Mexico Drilling Waste Management Service Market Outlook; 7.3.1.7. Market Size & Forecast; 7.3.1.7.1. By Value; 7.3.1.8. Market Share & Forecast; 7.3.1.8.1. By Service; 7.3.1.8.2. By Location; 7.3.1.8.3. By Waste Type
8. Asia-Pacific Drilling Waste Management Service Market Outlook: 8.1. Market Size & Forecast; 8.1.1. By Value; 8.2. Market Share & Forecast; 8.2.1. By Service; 8.2.2. By Location of Deployment; 8.2.3. By Waste Type; 8.2.4. By Country; 8.3. Asia-Pacific: Country Analysis; 8.3.1. China Drilling Waste Management Service Market Outlook; 8.3.1.1. Market Size & Forecast; 8.3.1.1.1. By Value; 8.3.1.2. Market Share & Forecast; 8.3.1.2.1. By Service; 8.3.1.2.2. By Location of Deployment; 8.3.1.2.3. By Waste Type; 8.3.2. India Drilling Waste Management Service Market Outlook; 8.3.2.1. Market Size & Forecast; 8.3.2.1.1. By Value; 8.3.2.2. Market Share & Forecast; 8.3.2.2.1. By Service; 8.3.2.2.2. By Location of Deployment; 8.3.2.2.3. By Waste Type; 8.3.3. Japan Drilling Waste Management Service Market Outlook; 8.3.3.1. Market Size & Forecast; 8.3.3.1.1. By Value; 8.3.3.2. Market Share & Forecast; 8.3.3.2.1. By Service; 8.3.3.2.2. By Location of Deployment; 8.3.3.2.3. By Waste Type; 8.3.4. South Korea Drilling Waste Management Service Market Outlook; 8.3.4.1. Market Size & Forecast; 8.3.4.1.1. By Value; 8.3.4.2. Market Share & Forecast; 8.3.4.2.1. By Service; 8.3.4.2.2. By Location of Deployment; 8.3.4.2.3. By Waste Type; 8.3.5. Australia Digital Drilling Waste Management Service Market Outlook; 8.3.5.1. Market Size & Forecast; 8.3.5.1.1. By Value; 8.3.5.2. Market Share & Forecast; 8.3.5.2.1. By Service; 8.3.5.2.2. By Location of Deployment; 8.3.5.2.3. By Waste Type; 8.3.6. Singapore Drilling Waste Management Service Market Outlook; 8.3.6.1. Market Size & Forecast; 8.3.6.1.1. By Value; 8.3.6.2. Market Share & Forecast; 8.3.6.2.1. By Service; 8.3.6.2.2. By Location of Deployment; 8.3.6.2.3. By Waste Type; 8.3.7. Malaysia Drilling Waste Management Service Market Outlook; 8.3.7.1. Market Size & Forecast; 8.3.7.1.1. By Value; 8.3.7.2. Market Share & Forecast; 8.3.7.2.1. By Service; 8.3.7.2.2. By Location of Deployment; 8.3.7.2.3. By Waste Type
9. Europe Drilling Waste Management Service Market Outlook: 9.1. Market Size & Forecast; 9.1.1. By Value; 9.2. Market Share & Forecast; 9.2.1. By Service; 9.2.2. By Location of Deployment; 9.2.3. By Waste Type; 9.2.4. By Country; 9.3. Europe: Country Analysis; 9.3.1. Germany Drilling Waste Management Service Market Outlook; 9.3.1.1. Market Size & Forecast; 9.3.1.2. By Value; 9.3.1.3. Market Share & Forecast; 9.3.1.3.1. By Service; 9.3.1.3.2. By Location of Deployment; 9.3.1.3.3. By Waste Type; 9.3.2. United Kingdom Drilling Waste Management Service Market Outlook; 9.3.2.1. Market Size & Forecast; 9.3.2.1.1. By Value; 9.3.2.2. Market Share & Forecast; 9.3.2.2.1. By Service; 9.3.2.2.2. By Location of Deployment; 9.3.2.2.3. By Waste Type; 9.3.3. France Drilling Waste Management Service Market Outlook; 9.3.3.1. Market Size & Forecast; 9.3.3.1.1. By Value; 9.3.3.2. Market Share & Forecast; 9.3.3.2.1. By Service; 9.3.3.2.2. By Location of Deployment; 9.3.3.2.3. By Waste Type; 9.3.4. Russia Drilling Waste Management Service Market Outlook; 9.3.4.1. Market Size & Forecast; 9.3.4.1.1. By Value; 9.3.4.2. Market Share & Forecast; 9.3.4.2.1. By Service; 9.3.4.2.2. By Location of Deployment; 9.3.4.2.3. By Waste Type; 9.3.5. Spain Drilling Waste Management Service Market Outlook; 9.3.5.1. Market Size & Forecast; 9.3.5.1.1. By Value; 9.3.5.2. Market Share & Forecast; 9.3.5.2.1. By Service; 9.3.5.2.2. By Location of Deployment; 9.3.5.2.3. By Waste Type; 9.3.6. Poland Drilling Waste Management Service Market Outlook; 9.3.6.1. Market Size & Forecast; 9.3.6.1.1. By Value; 9.3.6.2. Market Share & Forecast; 9.3.6.2.1. By Service; 9.3.6.2.2. By Location of Deployment; 9.3.6.2.3. By Waste Type; 9.3.7. Italy Drilling Waste Management Service Market Outlook; 9.3.7.1. Market Size & Forecast; 9.3.7.1.1. By Value; 9.3.7.2. Market Share & Forecast; 9.3.7.2.1. By Service; 9.3.7.2.2. By Location of Deployment; 9.3.7.2.3. By Waste Type; 9.3.8. Denmark Drilling Waste Management Service Market Outlook; 9.3.8.1. Market Size & Forecast; 9.3.8.1.1. By Value; 9.3.8.2. Market Share & Forecast; 9.3.8.2.1. By Service; 9.3.8.2.2. By Location of Deployment; 9.3.8.2.3. By Waste Type; 9.4. South America: Country Analysis; 9.4.1. Brazil Drilling Waste Management Service Market Outlook; 9.4.1.1. Market Size & Forecast; 9.4.1.1.1. By Value; 9.4.1.2. Market Share & Forecast; 9.4.1.2.1. By Service; 9.4.1.2.2. By Location of Deployment; 9.4.1.2.3. By Waste Type; 9.4.2. Argentina Drilling Waste Management Service Market Outlook; 9.4.2.1. Market Size & Forecast; 9.4.2.1.1. By Value; 9.4.2.2. Market Share & Forecast; 9.4.2.2.1. By Service; 9.4.2.2.2. By Location of Deployment; 9.4.2.2.3. By Waste Type; 9.4.3. Colombia Drilling Waste Management Service Market Outlook; 9.4.3.1. Market Size & Forecast; 9.4.3.1.1. By Value; 9.4.3.2. Market Share & Forecast; 9.4.3.2.1. By Service; 9.4.3.2.2. By Location of Deployment; 9.4.3.2.3. By Waste Type; 9.4.4. Peru Drilling Waste Management Service Market Outlook; 9.4.4.1. Market Size & Forecast; 9.4.4.1.1. By Value; 9.4.4.2. Market Share & Forecast; 9.4.4.2.1. By Service; 9.4.4.2.2. By Location of Deployment; 9.4.4.2.3. By Waste Type; 9.4.5. Chile Drilling Waste Management Service Market Outlook; 9.4.5.1. Market Size & Forecast; 9.4.5.1.1. By Value; 9.4.5.2. Market Share & Forecast; 9.4.5.2.1. By Service; 9.4.5.2.2. By Location of Deployment; 9.4.5.2.3. By Waste Type
10. Middle East & Africa Drilling Waste Management Service Market Outlook: 10.1. Market Size & Forecast; 10.1.1. By Value; 10.2. Market Share & Forecast; 10.2.1. By Service; 10.2.2. By Location of Deployment; 10.2.3. By Waste Type; 10.2.4. By Country; 10.3. Middle East & Africa: Country Analysis; 10.3.1. Saudi Drilling Waste Management Service Market Outlook; 10.3.1.1. Market Size & Forecast; 10.3.1.1.1. By Value; 10.3.1.2. Market Share & Forecast; 10.3.1.2.1. By Service; 10.3.1.2.2. By Location of Deployment; 10.3.1.2.3. By Waste Type; 10.3.2. South Africa Drilling Waste Management Service Market Outlook; 10.3.2.1. Market Size & Forecast; 10.3.2.1.1. By Value; 10.3.2.2. Market Share & Forecast; 10.3.2.2.1. By Service; 10.3.2.2.2. By Location of Deployment; 10.3.2.2.3. By Waste Type; 10.3.3. UAE Drilling Waste Management Service Market Outlook; 10.3.3.1. Market Size & Forecast; 10.3.3.1.1. By Value; 10.3.3.2. Market Share & Forecast; 10.3.3.2.1. By Service; 10.3.3.2.2. By Location of Deployment; 10.3.3.2.3. By Waste Type; 10.3.4. Israel Drilling Waste Management Service Market Outlook; 10.3.4.1. Market Size & Forecast; 10.3.4.1.1. By Value; 10.3.4.2. Market Share & Forecast; 10.3.4.2.1. By Service; 10.3.4.2.2. By Location of Deployment; 10.3.4.2.3. By Waste Type; 10.3.5. Turkey Drilling Waste Management Service Market Outlook; 10.3.5.1. Market Size & Forecast; 10.3.5.1.1. By Value; 10.3.5.2. Market Share & Forecast; 10.3.5.2.1. By Service; 10.3.5.2.2. By Location of Deployment; 10.3.5.2.3. By Waste Type
11. Market Dynamics: 11.1. Drivers; 11.1.1. Rising Demand of Crude oil and gases; 11.1.2. Technological advancement; 11.1.3. Government initiative towards environmental Protection; 11.2. Challenges; 11.2.1. Less Skilled Labors; 11.2.2. High cost of oil & Gas
12. Market Trends & Developments: 12.1. Rising Investments in crude oil and gas sector; 12.2. US announced new technologies to treat waste of drilling material; 12.3. Increase demand for drilling waste management services in the American offshore industry.
13. Company Profiles: 13.1. Baker Huges; 13.1.1. Business Overview; 13.1.2. Key Revenue and Financials; 13.1.3. Recent Developments; 13.1.4. Key Personnel; 13.1.5. Key Product/Services; 13.2. Halliburton; 13.2.1. Business Overview; 13.2.2. Key Revenue and Financials; 13.2.3. Recent Developments; 13.2.4. Key Personnel; 13.2.5. Key Product/Services; 13.3. Schlumberger; 13.3.1. Business Overview; 13.3.2. Key Revenue and Financials; 13.3.3. Recent Developments; 13.3.4. Key Personnel; 13.3.5. Key Product/Services; 13.4. Weatherford; 13.4.1. Business Overview; 13.4.2. Key Revenue and Financials; 13.4.3. Recent Developments; 13.4.4. Key Personnel; 13.4.5. Key Product/Services; 13.5. TWMA; 13.5.1. Business Overview; 13.5.2. Key Revenue and Financials; 13.5.3. Recent Developments; 13.5.4. Key Personnel; 13.5.5. Key Product/Services; 13.6. National Oilwell Varco; 13.6.1. Business Overview; 13.6.2. Key Revenue and Financials; 13.6.3. Recent Developments; 13.6.4. Key Personnel; 13.6.5. Key Product/Services; 13.7. QMax; 13.7.1. Business Overview; 13.7.2. Key Revenue and Financials; 13.7.3. Recent Developments; 13.7.4. Key Personnel; 13.7.5. Key Product/Services; 13.8. Scomi Group Bhd; 13.8.1. Business Overview; 13.8.2. Key Revenue and Financials; 13.8.3. Recent Developments; 13.8.4. Key Personnel; 13.8.5. Key Product/Services; 13.9. Terra Oilfield Solutions; 13.9.1. Business Overview; 13.9.2. Key Revenue and Financials; 13.9.3. Recent Developments; 13.9.4. Key Personnel; 13.9.5. Key Product/Services; 13.10. GN Solid Control; 13.10.1. Business Overview; 13.10.2. Key Revenue and Financials; 13.10.3. Recent Developments; 13.10.4. Key Personnel; 13.10.5. Key Product/Services
14. Strategic Recommendations
15. About Us & Disclaimer