Oil & gas production requires large amount of water to stimulate subsurface formations for petroleum production. With the oil & gas market recovering substantially after a long slowdown, the market for oil field services, like water management services is also expected to witness a surge. Further, as the drilling activities move to harsher environment and less approachable areas, the oil & gas water management service providers are expected to face various challenges in the coming years. Advances in oil & gas recovery techniques to produce energy from unconventional resources, such as oil & gas shale have increased the national energy production. Moreover, these production activities involve utilization of huge amount of water and hence, managing water supply and usage at oil & gas fields across the globe have become more systematic than ever.
Rising Environmental Concerns for Water Usage by Oil Fields in Various Region to drive the Market
Water is the major component of nearly all-hydraulic fracturing fluids, typically making up to 90-97% of the total fluid volume injected into a well. In the US, the median volume of water used per well for hydraulic fracturing was approximately 5.7 million liters during January 2011-February 2013. Further, water used for hydraulic fracturing is typically fresh water taken from available groundwater and/or surface water resources located near hydraulically fractured oil & gas production wells. This has led to a decrease in water level in many regions, particularly in the US where fracking has witnessed a sharp growth in the recent years. Furthermore, various instances have been reported where spills of hydraulic fracturing fluids or additives have reached and has thereby, impacted surface water resources. Owing to such problems, oil & gas industry have been facing serious oppositions related to water usage by concerned authorities and local inhabitants. As a result, the rising environmental concerns for water usage in the oil & gas industry is expected to increase the need for better water management services during the forecast period.
North America to Witness High Growth Rate
Drilling activities in North America has been increasing, amidst rising oil & gas prices. The US rig count reached 1032 in the first week of May 2018 from 665 in the first week of January 2017. As the drilling activities increase in the region, the requirement for water management services is expected to increase. Further, expected investments in the oil & gas deep water and ultra-deep water drilling activities, such as the investment made by Shell in the Vito development in the Gulf of Mexico in April 2018, are expected to create opportunities for the water management companies in the region.
US Set to Maintain High Demand
Hydraulic fracturing has enabled a domestic oil & gas boom in the US, but its rapid growth has increased concerns pertaining to proper management of billions of gallons of wastewater that is a result of hydraulic fracturing. Moreover, treating the wastewater and releasing it into surface waters has led to the contamination of watershed with radioactive material and endocrine-disrupting chemicals in some regions within the country. Moreover, oil & gas companies face limited water resources in certain areas. Major companies are looking forward for development of water-intensive technologies to better exploit unconventional plays. Although the transportation and disposal costs for water pertaining to oil & gas activities has increased, water conservation and water containment associated with the oil & gas market has increased need for better water management services in the US.
The major players include - Halliburton Co., Baker Hughes - a GE Co., Ovivo USA, LLC, Nuverra Environmental Solutions, Inc, Aquatech Corp., Layne Christensen Co, Severn Treatment Services Ltd., Veolia Water Technologies SA, Schlumberger Ltd, and Green Hunter Resources, Inc., amongst others.
Reasons to Purchase This Report
- Current and future oil & gas water management services market outlook in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The segment that is expected to dominate the market
- Regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in excel)
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1. Executive Summary
2. Research Methodology
2.1 Scope of Study
2.2 Market Definition
2.3 Study Assumptions
2.4 Study Deliverables
2.5 Research Phases
3. Market Overview
3.2 Global Oil & Gas Production Forecast until 2023
3.3 Global Oil & Gas Consumption Forecast until 2023
3.4 Market Size and Demand Forecast until 2023 (in USD billion)
3.5 Recent Trends and Developments
3.6 Investment Opportunities
3.7 Government Policies and Regulations
4. Market Dynamics
5. Supply Chain Analysis
6. Industry Attractiveness - Porter’s Five Forces Analysis
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitute Products & Services
6.5 Intensity of Competitive Rivalry
7. Market Segmentation and Analysis (Overview, Market Size, and Demand Forecast until 2023)
7.1 By Location
7.2 By Service
7.2.1 Water Disposal Services
7.2.2 Water Hauling Services
7.2.3 Produced Water Treatment Services
7.2.4 Others (Environmental Monitoring, Water Storage, etc.)
8. Regional Market Analysis (Overview, Market Size, and Demand Forecast until 2023)
8.2 North America
8.4 Middle East & Africa
8.5 South America
9. Key Company Analysis* (Overview, Products & Services, Financial Analysis**, Recent Developments and Analyst View)
9.1 Halliburton Co.
9.2 Baker Hughes - a GE Co.
9.3 Ovivo USA, LLC
9.4 Nuverra Environmental Solutions, Inc
9.5 Aquatech Corp.
9.6 Layne Christensen Co
9.7 Severn Treatment Services Ltd.
9.8 Veolia Water Technologies SA
9.9 Schlumberger Ltd
9.10 Green Hunter Resources, Inc.
*List of companies is not exhaustive
10. Competitive Landscape
10.1 Mergers & Acquisitions
10.2 Joint Ventures, Collaborations and Agreements
10.3 Strategies Adopted by Leading Players
11.1 Contact Us
**Subject to availability on public domain