Drilling Waste Management Business Future

The global drilling waste management market is expected to grow to approximately $8 billion by 2018, at a CAGR of more than 10% from 2013 to 2018.

 Drilling Waste Management Market by Services (Solids Control Services, Containment & Handling, and Treatment & Disposal), Applications (Onshore & Offshore) and Geography - Global Trends & Forecasts to 2018This report analyzes and classifies the market 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. The report estimates the global drilling waste management market by the intensity of drilling activities and regional and local governmental policies over the waste discharge. It highlights various key industrial issues and market impulse factors. It also describes a number of important dynamics such as drivers, restraints, and opportunities.

Drilling 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 include drilling fluids and cuttings that are collected, processed, handled, transported, and disposed.

 Drilling waste management 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.