Key players in the South & Central America Drilling Waste Management Market include Schlumberger Ltd. (U.S.), Halliburton Company (U.S.), and Weatherford International Ltd. (Ireland).
(PRWEB) March 18, 2015
The drilling waste management market in South America was valued at $413.2 million in 2013, and is expected to reach $570.7 million by 2019, at a CAGR of 4.3% from 2014 to 2019.
Browse through the TOC of South & Central America Drilling Waste Management Market for an analysis of industry trends and segments, with the help of various tables and figures.
The growth of the South American drilling waste management market is attributed to the stringent government regulations imposed on drilling activities. National government policies of oil & gas producing countries encourage the responsible development of domestic energy resources. Petroleum exploration and development is closely regulated in each nation to protect public health and the environment. In order to comply with those rules, the application of drilling waste management services is becoming indispensable across varied regions around the world.
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Increasing applications of drilling waste management in unconventional reservoirs, such as Arctic drilling, will provide new opportunities to the South American drilling waste management market. In addition to this, new product innovation in the field of drilling waste management will also contribute towards the growth of this market.
This market research report provides a comprehensive overview of drivers, restraints, challenges, and upcoming opportunities. The report also provides a detailed competitive landscaping of companies operating in this market. Segment and country-specific company shares, news & deals, mergers & acquisitions, segment-specific pipeline products, product approvals, and product recalls of major companies have also been detailed in this report. Major companies operating in the South American drilling waste management market include Schlumberger Ltd. (U.S.), Halliburton Company (U.S.), and Weatherford International Ltd. (Ireland).
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The South American drilling waste management market is segmented on the basis of application, service, and geography. According to services, the market is classified into solids control, containment & handling, and treatment & disposal among others. With respect to applications, the market is segmented into onshore and offshore.
North America Drilling Services Market
Drilling Services market in North America is expected to grow at a CAGR of 10.5% from 2014 to 2019. On the basis of services the market is segmented into treatment & disposal, solid control, containment & handling, and drilling waste management. The applications area include onshore and offshore. The market is further segmented based on major countries, such as the U.S., Canada, and Mexico.
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