Market Overview

Global Drilling Waste Management Services Market 2018-2023 - Growing Offshore Drilling Activity to Drive Growth - ResearchAndMarkets.com

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The "Global
Drilling Waste Management Services Market - Analysis of Growth, Trends
and Forecasts (2018 - 2023)"
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Growing Offshore Drilling Activity to Drive the Market

Since the oil price crisis in mid-2014, offshore activity has declined
significantly. However, during 2016-17, owing to stability in oil price,
offshore drilling activity has also stabilized. During 2014-17, the
break-even oil prices for offshore production have declined
significantly. For example, some of the North Sea fields' oil production
now breaks even at as low as USD 25 per barrel.

During the forecast period, the offshore oil production cost is expected
to further reduce owing to technological development and focus on
efficient operations. The oil prices are also expected to witness
substantial increase during next five years. Hence, increasing oil
prices and lower offshore production break-even costs are expected to
drive the offshore drilling activity.

Government regulations in offshore drilling activity are more stringent
compared to onshore activity. To meet these regulations, operators have
to employ complicated and expensive drilling waste management processes.
Hence, growing drilling activity, particularly offshore drilling
activity, is expected to drive the drilling waste management services
market during the forecast period.

Key Highlights

  • North America to Lead the Market
  • Growing Drilling Activity in India to Drive the Market

Notable Developments in the Market

  • January 2018: US Interior Department announced that it will allow
    drilling in nearly all US waters. This is the single largest expansion
    of offshore oil & gas leasing by the federal government in the history
    of the United States.
  • January 2018: Total S.A. awarded a three year contract TWMA for
    providing drilling waste management services in the United Kingdom
    continental shelf region.

Companies Featured

  • Augean PLC
  • Baker Hughes, a GE Company
  • GN Solids Control Co. Ltd.
  • Halliburton Company
  • National-Oilwell Varco Inc.
  • Nuverra Environmental Solutions ORD
  • Schlumberger Limited
  • Scomi Group Berhad
  • TWMA Group Ltd.
  • Terra Oilfield Solutions LLC

Key Topics Covered

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Value Chain Analysis

6. Porter's Five Forces Analysis

7. Global Drilling Waste Management Services Market Analysis, by
Geography

8. Global Drilling Waste Management Services Market Analysis, by Service
Type

9. Key Company Analysis

10. Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/b79zm5/global_drilling?w=4

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