Waste Management Technology for Drilling and Production Operations
Complete report available @ http://www.rnrmarketresearch.com/drilling-waste-management-market-by-services-solids-control-services-containment-handling-and-treatment-disposal-applications-onshore-offshore-and-geography-global-trends-forecasts-to-2-market-report.html
Waste management technology is a critical constituent of successful drilling and production operations. The appropriate application of waste management principles is essential for both effective drilling operations and environmental protection. Waste streams from drilling, largely include drilling fluids and cuttings that are collected, processed, handled, transported, and disposed.
Drilling waste management was established in the drilling industry post 1980’s, which is driven by high exploration and production activities, ever increasing stringent government regulations and escalating investments from the oil and gas operators. The trend is set to continue further with the current surge in offshore activities and shale reserve exploratory activities. The global drilling waste management market is therefore expected to grow to approximately $8 billion by 2018, at a CAGR of more than 10% from 2013 to 2018.
Geographically, North America and Europe are large markets that grew rapidly in the past decade. These regions are likely to continue to dominate in future. Upcoming markets include South America, the Middle East, and Africa due to recent initiation of environmental policies respectively within the regions.
The report analyzes and classifies the service by applications, services, and regions. Market split by application includes onshore and offshore activities within major regions; while the services market is categorized under solids control services, containment & handling services, and treatment & disposal services. Further, the market split by geography includes North America, South America, Asia-Pacific, and the Middle East & Africa.
The report estimates the global drilling waste
Waste management technology is a critical constituent of successful drilling and production operations. The appropriate application of waste management principles is essential for both effective drilling operations and environmental protection. Waste streams from drilling, largely include drilling fluids and cuttings that are collected, processed, handled, transported, and disposed.
Drilling waste management was established in the drilling industry post 1980’s, which is driven by high exploration and production activities, ever increasing stringent government regulations and escalating investments from the oil and gas operators. The trend is set to continue further with the current surge in offshore activities and shale reserve exploratory activities. The global drilling waste management market is therefore expected to grow to approximately $8 billion by 2018, at a CAGR of more than 10% from 2013 to 2018.
Geographically, North America and Europe are large markets that grew rapidly in the past decade. These regions are likely to continue to dominate in future. Upcoming markets include South America, the Middle East, and Africa due to recent initiation of environmental policies respectively within the regions.
The report analyzes and classifies the service by applications, services, and regions. Market split by application includes onshore and offshore activities within major regions; while the services market is categorized under solids control services, containment & handling services, and treatment & disposal services. Further, the market split by geography includes North America, South America, Asia-Pacific, and the Middle East & Africa.
The report estimates the global drilling waste