REPORT DESCRIPTION North America holds a dominant position in the global drilling waste management market, with 36.40% market share. This is due to various drilling activities produced by the increase of the shale gas. The U.S. Shale Revolution significantly increases its oil and gas production, one of the biggest event for oil & gas industry. The regulations in the U.S. promote the development of oil & gas, providing a stable process. The stabilization of oil prices may result in increasing drilling activities in North America, which in turn, drives the market growth. Europe holds the second largest position, in terms of revenue, in the global drilling waste management market. The market is driven by growing exploration activities, supportive regulations, and increasing awareness towards environmental pollution. Environmental regulations such as zero discharge policy in the offshore region drives the market growth. The used drilling mud is considered as a kind of mining waste, thus, it is subjected to 20/2006/EC mining waste directive, as per European legislation. The drilling mud cannot be disposed on landfill facility and can be re-injected into underground strata.
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