According to the new market research report “Asia Pacific Drilling Waste Management Market by Services (Solid Control, Containment & Handling, Treatment & Disposal), By Application (Onshore & Offshore ), By Countries - Regional Trend & Forecast to 2019”, the Asia-Pacific drilling waste management market was valued at $779.4 million in 2014 and is estimated to grow to $877.9 million by 2019, at a CAGR of 2.4% during the forecast period of 2014 to 2019.
Browse through the TOC of Asia-Pacific Drilling Waste Management Market for an analysis of industry trends, segments & forecasts.
Oil & gas drilling processes result in large amounts of toxic wastes that can be harmful to humans as well as the environment. These wastes need to be effectively treated and disposed to minimize the harmful impacts on the environment. The rapidly-growing demand for energy in the region has led to the dramatic increase in oil & gas exploration activities, which have thereby increased the environmental concerns in the region. The growing environmental concerns, the increasing capital expenditure by E&P companies, and technological developments are among the key factors driving the growth of the Asia-Pacific drilling waste management market.
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Offshore exploratory and development wells generate larger volumes of cuttings and used fluids, as compared to onshore activities. These cuttings normally require to be transported to land facilities for disposal, further contributing to an already massive environmental problem. As a result, the regional governments are emphasizing on ecofriendly waste management to E&P operators in Asia-Pacific.
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An in-depth profiling of the key market players have been conducted in this report, along with the recording of the recent developments (including new products & services launches, partnerships, contracts, agreements, and joint ventures) and strategies adopted by the key players to sustain and strengthen their positions in the Asia-Pacific drilling waste management market. Schlumberger Ltd. (U.S.), National Oilwell Varco (U.S.), Baker Hughes Co. (U.S.), and Weatherford International Ltd. (Ireland) are among the key players engaged in this market.
MicroMarket Monitor produces exclusive market research reports, based on real-time data to provide better understanding of the dynamic market conditions of the Oil & Gas industry. The reports offer in-depth and complete analysis of the regional and country level marketplaces. The research reports for Oil & Gas industry are updated on quarterly basis and are easily available for purchase through annual subscriptions.
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The North American drilling services market was valued at $83,733.8 million in 2014 and is projected to reach $98,936.4 million by 2019 at a CAGR of 3.4% from 2014 to 2019. The demand for energy is increasing rapidly over the years, and many of the existing reservoirs are depleting with time
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