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Report Description

Report Description

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.


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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. 

Recent Developments

  • In September 2019, TWMA won a contract from North Sea operators to handle drilling waste offshore using its ground-breaking TCC RotoMill technology, which enables on-site management of drill cutting that is both safe and efficient. £20 million is its approximate projected contract value.
  • The U.S. Energy Information Administration (EIA) estimates that in 2015, onshore oil production accounted for almost 71% of all global crude oil output. This suggests that over the historical past, onshore activities likely contributed significantly to market income.
  • The State Oil Company of Azerbaijan Republic (SOCAR) inaugurated a waste management facility in Baku City's Garadagh area in September 2016. The facility is capable of processing drilling sludge in compliance with international standards.

Attribute

Details

Base Year

2022

Historic Data

2018– 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, value, and CAGR for 2018 -2022 and 2023 - 2028

Report coverage

Revenue Forecast, Company Share, Growth Factors, and Trends

Segments covered

By Service

By Location of deployment

By Waste type

Regional scope

North America; Asia-Pacific; Europe; South America; Middle East

Country scope

United States; Canada; Mexico; China; Indian; Japan; South Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France; Italy; Spain; Poland; Colombia; Brazil; Argentina; Peru; Chile; Africa, Saudi Arabia; South Africa; UAE; Iraq; Turkey

Key companies profiled

Baker Hughes, Halliburton, Schlumberger, Weatherford, TWMA, National Oilwell Varco, QMax, Scomi Group Bhd, Terra Oilfield Solutions, GN Solid Control.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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:

o   Solid Control

o   Containment

o   Handling

o   Others

Drilling Waste Management Service Market, By Location of deployment:

o   Onshore

o   Offshore

Drilling Waste Management Service Market, By Waste Type

o   Waste Lubricants

o   Contaminated water-based muds

o   Contaminated oil-based muds

o   Spent Bulk Chemicals

Drilling Waste Management Service Market, By Region:

o   North America

  • United States
  • Mexico
  • Canada

o   Asia-Pacific

  • India
  • Japan
  • South Korea
  • Australia
  • Singapore
  • Malayasia
  • China

o   Europe

  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Poland
  • Denmark

o   South America

  • Brazil
  • Argentina
  • Colombia
  • Peru
  • Chile

o   Middle East

  • South 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.

Available Customizations:

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).

The Drilling Waste Management Service Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 Global Drilling Waste Management Service Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Factors considered while selecting a supplier

5.2.  Challenges/issues faced post purchase

5.3.  Major Challenges Faced

5.4.  Technological Awareness

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

6.2.5.    By Company

6.3.  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

13.1.6. SWOT Analysis

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

13.2.6. SWOT Analysis

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

13.3.6. SWOT Analysis

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

13.4.6. SWOT Analysis

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

13.5.6. SWOT Analysis

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

13.6.6. SWOT Analysis

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

13.7.6. SWOT Analysis

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

13.8.6. SWOT Analysis

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

13.9.6. SWOT Analysis

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

13.10.6.              SWOT Analysis

14.  Strategic Recommendations

14.1.             Focus on North America Region

14.2.             Market players moving towards technological advancement in drilling waste treatment

15.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

Drilling waste refers to spent drilling mud and cuttings produced by the drilling of oil and gas wells or associated injection wells that are allowed by the KCC or by the equivalent permitting authority in the state where the well is located.

Sort of drilling muds Drilling waste comes in two different varieties. The drilling mud (also known as drilling fluid) and drill cuttings are the primary subjects of this study.

Production of oil and gas can result in waste emissions that include undesirable elements like operational wastes that are allowed to be released into the ocean and unwanted items (general waste, paper, glass, empty metal and plastic drums, oils, sludge, and chemicals, etc.).

In most cases, self-loading vacuum trucks, tanks, or boxes are used to collect drilling mud, which is subsequently removed and disposed of according to predetermined protocols. Prior to post-collection, analytics are required, and it is frequently sent to landfills upstream that are allowed to accept it.

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