Countries in Latin America, namely Argentina, Venezuela and Brazil, are bestowed with some of the largest oil reserves in the world. Venezuela is among the top 10 oil producers in the world. The country has been exporting oil to various nations over the past two decades. Currently, exploration activities in the region have led to new oil & gas discoveries. This, in turn, has resulted in higher investments in Latin America. Large MNCs are likely to invest significantly in the region due to the discovery of sizeable shale gas deposits. Argentina is the only country that is expected to embark on a large-scale shale gas production. Exploration and production of shale deposits in Argentina supplemented by political support is anticipated to reinforce the country’s economy significantly. Hence, government encouragement in terms of supportive schemes is also foreseeable in the next two to four years. This is anticipated to boost the overall growth of the drilling fluids waste management market in the near future.
Major portion of investment has been allotted for exploration and production activities, primarily in deep and ultra-deep reserves of Brazil. Increasing exploration and production activities would lead to accelerated drilling activities over the next two years. This, in turn, is estimated to propel demand for drilling mud, which ultimately would raise concerns regarding its handling, treatment and disposal. Hence, increased drilling activities are anticipated to bolster demand for drilling fluids waste management services. Stringent environmental regulations prohibit the disposal of drilling fluids waste before treatment. As a result, environmental policies have simultaneously led to the growth of drilling fluids waste management market in the recent years. After treatment, the waste so generated is required to comply with the permissible levels of toxic content in fluids. These permissible limits are determined by regulatory authorities in respective countries.
Pre-salt areas of Brazil and the Vaca Muerta shale formation in Argentina are considered the most lucrative options for drilling fluids waste management service providers. Significant investment by the government of Brazil for the development of oil and gas reserves is likely to foster growth of drilling fluids waste management companies in the region. Due to new offshore and onshore oil and gas discoveries, Colombia, Brazil and Argentina witnessed significant growth in the drilling fluids waste management market in the past few years. Increase in drilling activities in Latin America has strengthened the market growth for drilling fluids waste management services in the region. Disposal of drilling fluids waste directly into the seawater or land has affected the flora and fauna. This, in turn, has raised concerns in several environment and government agencies in Latin America, compelling them to deploy effective steps to curtail direct toxic disposal. Stringent regulations enacted by governmental organizations have further accelerated the growth of drilling waste management companies in the region.
Drilling activities in offshore regions are primarily focused on deep and ultra-deep water areas with harsh environmental conditions. These conditions are likely to lead to a delay in completion of drilling activities. This directly impacts the project cost. Apart from the challenges mentioned above, waste management companies need to ensure that their operations comply with the environmental regulations and are cost-effective in nature. Lack of oil and gas infrastructure in Latin America coupled with an increase in offshore activities further compounds the already existing problems.
The drilling fluids waste management market in Latin America is consolidated in nature. Baker Hughes Incorporated, Schlumberger Limited, Weatherford International Limited and Halliburton Company are some of the key players in the drilling fluids waste management market in Latin America. These companies have been providing drilling fluids waste management services for several years and account for majority of market share. Brand image plays an important role in acquiring contracts for drilling waste management. These companies provide turnkey solutions, from waste handling to waste disposal, to exploration and production companies.
Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research methodology
1.4 List of abbreviation
Chapter 2 Executive Summary
2.1 Latin America drilling fluids waste management market snapshot
Chapter 3 Drilling Fluids Waste Management – Latin America Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market Drivers
3.3.1 Toxic content of drilling fluids waste affecting flora and fauna
3.3.2 Stringent government regulations to manage drilling fluids waste
3.3.3 Increased exploration and production activities in Latin America
3.4 Market Restraints
3.4.1 Operational challenges accompanied by the need to meet government regulations
3.5 Market Opportunities
3.5.1 Abundant deep water and ultra-deep water oil reserves
3.6 Porter’s five forces analysis
3.6.1 Bargaining power of suppliers
3.6.2 Bargaining power of buyers
3.6.3 Threat from new entrants
3.6.4 Threat of substitutes
3.6.5 Degree of competition
3.7 Latin America drilling fluids waste management: Market attractiveness analysis, 2013
Chapter 4 Latin America Drilling Fluids Waste Management Market - Service Segment Analysis
4.1 Latin America drilling fluids waste management market: Service segment overview
4.1.1 Latin America drilling fluids waste management market revenue share, by service, 2013 - 2020
4.2 Solid control
4.2.1 Latin America drilling fluids waste management market estimates and forecast for solid control segment, 2012 - 2020
4.3 Treatment and disposal
4.3.1 Latin America drilling fluids waste management market estimates and forecast for treatment and disposal segment, 2012 - 2020
4.4 Containment and handling
4.4.1 Latin America drilling fluids waste management market estimates and forecast for containment and handling segment, 2012-2020
Chapter 5 Latin America Drilling Fluids Waste Management Market - Application Analysis
5.1 Latin America drilling fluids waste management market: Application overview
5.1.1 Latin America drilling fluids waste management market revenue share by application segment 2013 and 2020
5.2 Offshore drilling fluids waste management
5.2.1 Latin America drilling fluids waste management market estimates and forecast for offshore segment, 2012 - 2020 (USD Million)
5.3 Onshore drilling fluids waste management
5.3.1 Latin America drilling fluids waste management market estimates and forecast for onshore segment, 2012 - 2020 (USD Million)
Chapter 6 Latin America Drilling Fluids Waste Management Market – Country wise Analysis
6.1 Latin America drilling fluids waste management market: Country wise overview
6.1.1 Latin America drilling fluids waste management market revenue share by country, 2013 and 2020
6.2 Argentina
6.2.1 Argentina drilling fluids waste management market estimates and forecast, 2012-2020 (USD Million)
6.2.1.1 Argentina drilling fluids waste management market, by services, 2012 - 2020 (USD Million)
6.2.1.2 Argentina drilling fluids waste management market, by application, 2012 - 2020 (USD Million)
6.3 Brazil
6.3.1 Brazil drilling fluids waste management market estimates and forecast, 2012-2020 (USD Million)
6.3.1.1 Brazil drilling fluids waste management market, by service 2012-2020 (USD Million)
6.3.1.2 Brazil drilling fluids waste management market, by application, 2012 - 2020 (USD Million)
6.4 Venezuela
6.4.1 Venezuela drilling fluids waste management market estimates and forecast, 2012 - 2020 (USD Million)
6.4.1.1 Venezuela drilling fluids waste management market, by services 2012-2020 (USD Million)
6.4.1.2 Venezuela drilling fluids waste management market, by application, 2012 - 2020 (USD Million)
6.5 Others (Rest of Latin America)
6.5.1 Others drilling fluids waste management market estimates and forecast, 2012 - 2020 (USD Million)
6.5.1.1 Others drilling fluids waste management market, by services, 2012 - 2020 (USD Million)
6.5.1.2 Others drilling fluids waste management market, by application, 2012-2020 (USD Million)
Chapter 7 Company Profiles
7.1 Schlumberger Limited
7.1.1 Company overview
7.1.2 Product Portfolio
7.1.3 Financial overview
7.1.4 Business strategies
7.1.5 SWOT analysis
7.1.6 Recent developments
7.2 Halliburton Company
7.2.1 Company overview
7.2.2 Product Portfolio
7.2.3 Financial overview
7.2.4 Business strategies
7.2.5 SWOT analysis
7.2.6 Recent developments
7.3 Baker Hughes Incorporated
7.3.1 Company overview
7.3.2 Product Portfolio
7.3.3 Financial overview
7.3.4 Business strategies
7.3.5 SWOT analysis
7.3.6 Recent developments
7.4 Weatherford International Ltd.
7.4.1 Company overview
7.4.2 Product Portfolio
7.4.3 Financial overview
7.4.4 Business strategies
7.4.5 SWOT analysis
7.4.6 Recent developments
7.5 National Oilwell Varco
7.5.1 Company overview
7.5.2 Product Portfolio
7.5.3 Financial overview
7.5.4 Business strategies
7.5.5 SWOT analysis
7.6 Imdex Limited
7.6.1 Company overview
7.6.2 Product Portfolio
7.6.3 Financial overview
7.6.4 Business strategies
7.6.5 SWOT analysis
7.6.6 Recent developments
List of Tables
TABLE 1 Latin America drilling fluids waste management market snapshot
TABLE 2 Drivers for drilling fluids waste management market: Impact analysis
TABLE 3 Drilling fluids waste components and their environmental effects
TABLE 4 Composition of different constituents in drilling fluids (in bbl: barrel, ppb: pounds per barrel, gpb: gallons per barrel)
TABLE 5 Discharge practices and standards for offshore operations in Latin America
TABLE 6 Restraints for drilling fluids waste management market: Impact analysis
TABLE 7 Argentina drilling fluids waste management market, by services, 2012-2020 (USD Million)
TABLE 8 Argentina drilling fluids waste management market, by application, 2012 - 2020 (USD Million)
TABLE 9 Brazil drilling fluids waste management market, by services, 2012-2020 (USD Million)
TABLE 10 Brazil drilling fluids waste management market, by application, 2012 - 2020 (USD Million)
TABLE 11 Venezuela drilling fluids waste management market, by services 2012-2020 (USD Million)
TABLE 12 Venezuela drilling fluids waste management market, by application, 2012 - 2020 (USD Million)
TABLE 13 Others drilling fluids waste management market, by services, 2012 - 2020 (USD Million)
TABLE 14 Others drilling fluids waste management market, by application 2012-2020 (USD Million)
List of Figures
FIG. 1 Latin America drilling fluids waste management: Market segmentation
FIG. 2 Latin America drilling fluids waste management market estimates and forecast, 2012 - 2020 (USD Million)
FIG. 3 Value chain analysis
FIG. 4 Global oil and gas rig counts, 2009 - 2013 (till May 2013)
FIG. 5 Global rig count share, by geographic region, 2012
FIG. 6 Top 10 countries with technically recoverable shale gas resources, 2012 (trillion cubic feet)
FIG. 7 Porter’s five forces analysis
FIG. 8 Latin America drilling fluids waste management: Market attractiveness analysis, 2013
FIG. 9 Latin America drilling fluids waste management market revenue share, by service, 2013 and 2020
FIG. 10 Latin America drilling fluids waste management market estimates and forecast for solid control segment, 2012 – 2020 (USD Million)
FIG. 11 Latin America drilling fluids waste management market estimates and forecast for treatment and disposal segment, 2012 – 2020 (USD Million)
FIG. 12 Latin America drilling fluids waste management market estimates and forecast for containment and handling segment, 2012 – 2020 (USD Million)
FIG. 13 Latin America drilling fluids waste management market revenue share by application, 2013 and 2020
FIG. 14 Latin America drilling fluids waste management market estimates and forecast for offshore segment, 2012 - 2020 (USD Million)
FIG. 15 Latin America drilling fluids waste management market estimates and forecast for onshore segment, 2012 - 2020 (USD Million)
FIG. 16 Latin America drilling fluids market revenue share by country, 2013 and 2020
FIG. 17 Argentina drilling fluids waste management market estimates and forecast, 2012 - 2020 (USD Million)
FIG. 18 Brazil drilling fluids waste management market estimates and forecast, 2012 - 2020 (USD Million)
FIG. 19 Venezuela drilling fluids waste management market estimates and forecast, 2012 - 2020 (USD Million)
FIG. 20 Others drilling fluids waste management market estimates and forecast, 2012 - 2020 (USD Million)
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Latin America Drilling Fluids Waste Management Market
