The Report “European Drilling Waste Management Market by Service (Solid Control, Containment & Handling, Treatment & Disposal), by Application (Onshore, Offshore ), by Country - Analysis and Forecast to 2019”, is estimated to reach $1,273.6 million by 2019, growing at a CAGR of 4.2% from 2014 to 2019.
Browse through the TOC of the European Drilling Waste Management Market for an analysis of industry trends and segments, with the help of various tables and figures.
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Waste management activities are a critical constituent of successful drilling and production operation. Suitable application of waste management principles is essential for efficient drilling operations and environmental protection. During drilling, the largest potential waste stream includes used drilling fluids and cuttings that are produced while drilling the well.
The growth of the European drilling waste management market is attributed to the increasing offshore exploration and development activities. Focus on offshore drilling activities, new field developments, marginal field development, and exploration in the oil & gas industry will lead to heavy investment in the near future. The offshore investments are expected to boost the opportunities for the drilling waste management, as there are strict government regulations towards waste treatment policies. Russia held the largest market share of 78.4% in 2014 within the European drilling waste management market, followed by Norway with a market share of 8.1%.
The main services in the concerned market are solids control services, containment & handling, and treatment & disposal. The market has been analyzed in terms of the major countries in the European market, such as Russia, Norway, the U.K., and others.
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