Drilling Waste Management Market Growth, Demand & Opportunities

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After water, the drilling waste is the largest volume of waste produced by exploration and production industry.

Drilling waste management is a practice to prevent the harmful effects on health and the environment. It involves collection transportation, procession, recycling, monitoring, and disposing the drilling fluids and drill cutting extracted during oil and gas exploration.

After water, the drilling waste is the largest volume of waste produced by exploration and production industry. Operators utilize various types of methods for managing the drilling wastes, as allowed by the federal regulations. It includes land application, biological remediation, and thermal treatment.

Drilling waste management holds a greater prominence in the petroleum industry. It is led by the massive amount of waste generated by drilling, which may have adverse impact on environment.

The chemical composition of the drilling fluids may vary with numerous additives. The excessive drilling required in petroleum industry generates spilled or improperly disposed drilling wastes that may harm the animals and plants health, and also cause threat to human life.

 

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The waste produced by drilling is required to be treated to decrease their volume and toxicity levels, and keep them in an appropriate position for disposing them off. The treatment and disposal options rely extensively on characteristics of the waste, and regulatory requirements. The various options for management of drilling wastes include; land farming, onsite burial, thermal treatment, bioremediation, and slurry injection.

Around 71% of the total crude oil is extracted by onshore oil production, according to EIA. Therefore, the drilling waste management is highly required to treat and dispose the waste generated by onshore activities. The technological advancements in the onshore oil exploration and production activities boost the demand for drilling waste management.

The major companies operating in the industry are Baker Hughes, National Oilwell Varco Inc., Nuverra Environmental Solutions, Newalta Corporation, Hebei GN Solids Control Co. Ltd., and Halliburton Company.

Therefore, the huge in cash flow to middle east countries led by presence of massive amount of crude oil boost the demand for drilling waste management in the region.

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