Transparency Market Research Report Added "Water Management Market For Oil And Gas Industry" to its database.
Albany, NY -- (SBWIRE) -- 07/06/2015 -- Water is a vital part of oil and gas production both as by product and as ingredient. Water from oil and gas reservoirs, water injected into the well, drilling of exploration well, refining and oil processing comprises waste water from oil and gas industry. Appropriate management of water is significant to ensure improved operational quality, improved production, environmental protection and savings in spending. Oil companies have started realizing the importance of water in the oil and gas industry. Oil companies have started developing new methods to reduce freshwater consumption and increase sustainability. Operators are extensively reusing oilfield waste water. Most of the flow back fluids generated from unconventional production are cleared by disposal wells. Operators are focusing on reduction in disposal volume as a mean to manage water.
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Water management market for oil and gas is segmented on the basis of application and Technology. On the basis of application, market is divided into onshore segment and offshore segment. Water management market for oil and gas are segmented into water disposable service segment, water hauling services segment and produced water treatment services on the basis of technology. Intelligent pumps possess the ability to regulate flow and pressure with high level of fault tolerance ability. In onshore segment, volumes of produced and flow back water associated with the production of oil and gas are constantly rising. This is due to an increase in the production of unconventional oil and gas, which requires more water per unit of product recovered. This results in increased water to oil ratios (WOR) in mature oil fields.
Water management in the oilfield is an evolving practice. One of the common challenges the oil and gas industry faces in the management of produced water include its impact on well deliverability, corrosion, scale of the wellbore and the costs associated with its disposal. Re-injection of the produced water for pressure support and water flooding has been adopted for many decades now as a strategy to add some operational and economic benefit from this byproduct. The acute shortage of potable water in the world is making industry move towards development of technologies to enable the use of produced water for irrigation purposes and other utilities. The beginning of multi-stage fracturing has significantly changed the nature of oilfield water management by adding a new level of complexity. As a result, E&Ps are beginning to and pursue more sustainable practices that include optimized consumption and treatment/recycling of water. The management of produced water is becoming extremely challenging: disposal options are becoming more limited, regulations are getting stricter, and water sources more scarce. Some of the drivers in water management market for oil and gas are increasing water cuts, water scarcity, strict environmental regulation and growth in unconventional oil and gas production. Water importance has increased radically with emergence of wide-scale development of shale resources for oil and gas production.
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Demand is highly concentrated in the United States and is driven by increase in unconventional oil and gas production. The US market is expected to expand, with water hauling being the largest component of the services market. The Asia pacific is an enormous growing market for the oil and gas industry with huge number of exploration and production activities. Water management market is becoming a key concern for oil and gas industry in Asia Pacific region.
Some of the global players in water management market for oil and gas industry are Ovivo, Sclumberger, Green Hunter Resources, Veolia, Aquatech, Ridgeline Services, Heckmann Corp. and Layne among others.
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