Report

Drilling Waste Management Market: Development, Opportunities and Market Outlook (2016-26)

Oil and Gas industry is one of the most substantial pillars that drive the modernization of contemporary industries. The steady growth of the industry has necessitated the implementation of newer technologies and sciences to keep it on par with the growing demands, hence accelerating the industry to redefine horizons and develop constantly. As the industry invariably deals with chemical, products and produces which are hazardous in nature, it is absolutely essential to have a robust waste management system, which brings in a substantial scope of waste management market in the industry.

Drilling waste are those wastes whose generation is associated with drilling operations. These wastes primarily include subsurface formations cuttings and other impurities incurred in drilling fluids like (subsurface gases, water, traces of HC etc.). However drilling wastes primarily consists of solid wastes (drill cutting) and thus, the waste management system is designed in order to cater solid wastes.

Waste management is defined as the science which is an integral part of an organization’s environmental management system and is a series of policies and process that defines a cohesive manner in which the wastes produced will be handled. The growing concern of the potential harm to health and environment associated with the wastes necessitates a need of an efficient management of wastes with minimum economical investments and maximum reduction of potential hazards.

The above implementations suggest a substantial growth in Waste Management Market, which had an estimated worth of 3.8 billion dollars in 2016, and is growing at a steady rate of XX% every year. Our extensive and in-depth analysis concludes that the market is booming and suggests that it will eventually reach an approximated net worth of xx billion dollars by 2026.

Drilling Waste Management: methodology and technology overview:

Methodology overview:

The primary purpose of waste management is pollution prevention, and thus should act as the guiding factor of waste management plan development. The primary factors utilized for the same are as follows:

  • Source reduction
  • Reuse
  • Recycling/Recovery
  • Treatment
  • Responsible disposal

A comprehensive waste management plan is co-related to various factors like ecological sensitivity, available of technology, geography and more. In general any waste management plan is guided by the following.

  • Management Approval
  • Area Definition
  • Waste Identification
  • Regulatory analysis
  • Waste Categorization
  • Evaluation of Waste Management and Disposal Options
  • Waste Minimization
  • Selection of Preferred Waste Management Practice(s)
  • Implementation, review and regular updating.

A thorough analysis, explanation and utilization of methodology are mentioned in the report.

Technology overview:

As the waste is mainly solid in nature, the basic process of waste management is specialized in nature. The primary steps in the process are:

  • Initial separation of solid cuttings from drilling fluids
  • Using specialized techniques to manage the waste
  • Solidifying and stabilizing wastes before their ultimate management process
  • Management practice can be primarily categorized into waste minimization, recycle/reuse, and disposal.

Some of the equipment and technologies associated with drilling waste management system are Total fluids management, Drilling Cuttings Management System, Waste Decanter Centrifuge, Mud Dewatering Unit, sludge vacuum pump and more.

Some of the equipment and technologies associated with drilling waste management system are Total fluids management, Drilling Cuttings Management System, Waste Decanter Centrifuge, Mud Dewatering Unit, sludge vacuum pump and more.

The primary drivers of the market are the growing uproar by the society and social organizations to conserve the environment and wildlife. As drilling wastes are a major source of pollution with significant environmental and health concerns, the political as well as media constraints make sure that the governments implies strict policies and sanctions on the organizations associated with the oil and gas industry. Another import driver includes the significant cost reductions that can be achieved with efficient waste management systems which can eventually supplement the economic viability of any project. But the market is strongly restrained in countries with significantly weaker waste management policies and concerns (like African countries etc.). In such cases, waste management seems like an added input cost and thus companies will usually try avoiding the practice or keep them at a bare minimum. But trends suggest that stricter governmental policies and growing environmental concerns marks an increase in market size and therefore opens way for further advancements in research and development.

Comprehensive competitive analysis and profiles of major market players such as Soli-Bond Waste Processing Services, Secure Energy Services Inc., Weatherford International Ltd., Soiltech AS, TWMA, Step Oil tools, Specialty Drilling Fluids Limited, and Tervita Corporation etc. is also provided in this report.

Kindly fill the details below to get the Table of Contents

By Location

  • Onshore Management
  • Offshore Management

By Nature of Application

  • Source reduction
  • Reuse
  • Recycling/Recovery
  • Treatment: It focuses

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa
  • Market overview and forecasting covering Optimistic, Realistic and Pessimistic scenarios (2016-2026)
  • Analysis and study of various services provided by major players active in the Drilling waste management market
  • Market segmentation based on Location, Nature of Application & Geography
  • Detailed coverage of technology and services involved
  • Technical comparative studies and case analysis
  • Competitive landscape with in depth analysis of the market players’ strategy
  • Infraline’s Techno Managerial edge covering SWOT, TOWS, Porter’s five forces and PESTLE analysis

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