Deerfield Beach, FL -- (SBWIRE) -- 07/15/2015 -- Global Water Management Services Market for the Oil and Gas Industry 2015-2019

Water is an integral part of oil and gas production both as an ingredient and as the largest by-product. Waste water includes water from reservoir, water injected into the well, drilling of exploration wells, oil and gas processing, and refining. Proper management of water is critical to ensure better production, environmental protection, improve operational excellence and huge amount of savings in potential earnings.

Global Water Management Services market for Oil and Gas Industry to grow at a CAGR of 8 percent over the period 2014-2019.

About the Report

The latest report 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,".

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Covered in this Report

The Global Water Management Services market for Oil and Gas Industry can be segmented into three divisions: Water Disposal Services, Water Hauling Services, and Produced Water Treatment Services. These are set of methodologies used for water management in the Oil and Gas industry.

Global Water Management Services Market for the Oil and Gas Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Water Management Services market for Oil and Gas Industry landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

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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.