London, 12 January 2015 – TechNavio has announced the publication of its market research report on the Global Water Management Services Market for the Oil and Gas Industry, which is expected to grow at a CAGR of 8 percent from 2014-2019.
About the Report
The latest report by TechNavio emphasizes reuse of oilfield wastewater. Oil companies have started realizing the importance of water in the industry and, therefore, have started developing new methods to reduce freshwater consumption, increase cost savings and sustainability.
Some operators in water-stressed areas have also started using brackish water to offset the use of freshwater for hydraulic fracturing.
“Operators are extensively reusing oilfield wastewater, especially produced water and frac flowback. The aim is to reduce operational risks, reduce capital and operating expenditure and assuage shareholders concerns,” says Faisal Ghaus, Vice President of TechNavio.
Additionally, the report highlights the reduction in disposal volumes. Most of the flowback fluids generated from unconventional production are cleared via disposal wells, as these are the most economically viable options for wastewater management, if readily available. However, regulatory or geological considerations have made it mandatory for operators to consider other means of disposal, as well.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Increased Water Cuts
- For a full detailed list, view our report.
Market Challenges:
- Difficulties in Providing Low-cost Water Management Solutions
- For a full detailed list, view our report.
Market Trends:
- Reuse of Oilfield Wastewater
- For a full detailed list, view our report.
Key Vendors:
- GreenHunter Resources Inc.
- Ovivo
- Schlumberger
Other Prominent Vendors:
- Aquatech
- Layne
- Severn Trent Services
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
