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North America Drilling Waste Management Market Trends

Report ID: GMI9506
Published Date: May 2024
Report Format: PDF

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North America Drilling Waste Management Market Trends

Increasing adoption of digital technologies and data analytics to optimize waste management processes are the prime driving forces bolstering the drilling waste management activities across the region. Growing emphasis on circular economy principles, with a focus on recycling and reusing drilling waste materials is on rise. Increasingly, collaborations among oil and gas companies and waste management firms, are driving innovation and creation of integrated waste management solutions.

For instance, in February 2020, NOV collaborated with “The Beast," to develop 12-module rig using 3D modelling, capable of drilling longest laterals globally from a single well pad while maintaining a small footprint. This advanced rig has set a new standard for efficient and technologically advanced drilling solutions.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

North America drilling waste management market generated USD 1.8 billion in 2023 and will continue to rise with 8.9% CAGR from 2024 to 2032, owing to the increasing demand for efficient and sustainable waste disposal solutions in oil & gas industry.

The offshore segment will grow at over 9% CAGR through 2032 due to their complexity, leading to greater demand for specialized waste management services.

U.S. drilling waste management market will exceed USD 2.5 billion by 2032 with extensive drilling activities both onshore and offshore which results in a significant volume.

Collective Waste Solutions Inc., Derrick Equipment Company, GN Solids Control, Halliburton, Imdex Limited, NOV Inc., Newpark Resources Inc., Ridgeline Canada Inc., SELECT WATER SOLUTIONS., and Secure Energy Services, Inc. among others.