BUSINESS: Global Cuttings Re-Injection Services Market Opportunity Analysis And Industry Forecast, 2021-2030: South China Sea Offers Opportunities For Oil & Gas Companies – ResearchAndMarkets.com

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By Daniel Webster, dWeb.News Publisher

DUBLIN–(BUSINESS WIRE)–The “Cuttings re-injection services Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to ResearchAndMarkets.com’s offering.

The cuttings re-injection services market was valued at $180.6 million in 2020, and is projected to reach $259.7 million by 2030, growing at a CAGR of 3.6% from 2021 to 2030.

Cuttings re-injection is the only economical and environmentally sound process for dumping of drilled cuttings and drilling waste at the rig site.

It is the waste disposal method where oilfield wastes and drill cuttings are blended into a slurry with water and injected at elevated pressure into hydraulically produced fractures up to thousand meters beneath the surface.

The factors contributing toward the market growth are strict government rules and rise in concerns regarding environment. However, the shift toward renewable energy for energy production hinders the growth of the oil & gas industry. This limits the growth of the oil & gas service industry, which is consequently hampers the demand for cuttings re-injection services and equipment in the market.

On the contrary, some of the countries are trying to be self-sufficient in oil production which is projected to create lucrative opportunities during the forecast period.

Market dynamics

Drivers

Increased environmental concerns
Rise in drilling waste management regulations

Restraint

Availability of alternative drill waste management process

Opportunity

South China Sea offers opportunities for oil & gas companies

Key Market Players

Baker Hughes Company
NOV Inc.
Advantek
Augean PLC
GN Solid Control
Haliburton
Schlumberger
PPLI
Weatherford
Terralog Technologies

Other players in the market are

Aker Solutions
Archer Limited
KCA Deutag
Odfjell Drilling
Drill Cuttings Disposal Company/Apollo Resources
Step Oiltools
Derrick Corporation
Calder Limited
Scomi

Key market segments

By Type

Dedicated Injection
Annular Injection

By Application

On-Shore
Off-Shore

By Region

North America
U.S.
Canada
Europe
UK
Russia
Norway
Rest of Europe
Asia-Pacific
China
Malaysia
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

For more information about this report visit https://www.researchandmarkets.com/r/5t89oa

More dWeb.News Business News at https://dweb.news/category/dweb-news/section-b-business-news/

The post BUSINESS: Global Cuttings Re-Injection Services Market Opportunity Analysis And Industry Forecast, 2021-2030: South China Sea Offers Opportunities For Oil & Gas Companies – ResearchAndMarkets.com appeared first on dWeb.News dWeb.News from Daniel Webster Publisher dWeb.News – dWeb Local Tech News and Business News

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