Drilling Waste Management Market - Market Leader and Competitive Landscape
The global drilling waste management market is likely to witness a CAGR of over 10% from 2013 to 2018. North America represents the largest market, followed by Europe. Emerging markets include South America and Africa with increasing recognition to protect the environment.
The drilling waste management market includes few dominant global players and several small regional players. A few of the key players include Schlumberger (U.S.), National Oilwell Varco (U.S.), Halliburton Energy Services (U.S.), Secure Energy services (U.S.), Scomi (Malaysia), Newalta (U.S.), and Baker Hughes (U.S.). The top three players that include the above accounted for more than 58% of the market in 2012 by revenue, while the top five players accounted for 67%.
Schlumberger is a market leader and has a strong presence globally. It provides drilling waste management and solids control services through its subsidiary, M-I SWACO. The company was formed through a merger of Schlumberger and Smith International in 2012. It is engaged in providing solids control systems and products, drilling waste management services, and water treatment. The company is also a key player in developing drilling fluids, making them perfect for bioremediation.
M-I SWACO’s innovative technological ability and strong product line-up keeps it ahead in the market. Its key drilling waste management technology includes vacuums and pneumatic conveyance systems for the safe gathering and transfer of cuttings. It recently launched the MD-2 dual-deck shale shaker with the DURAFLO composite screen that resulted in one of the best solids control performance for drilling applications.
Related Reports:
Waste Management Market in Drilling by Services (Solids Control Services, Containment & Handling, and Treatment & Disposal), Applications (Onshore & Offshore) and Geography - Global Trends & Forecasts to 2018.
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