Oil Contamination Remediation Market Development

Crude Oil Remediation Services

Overview

Most contamination from crude oil extraction in industrialized countries occurs through pipeline leaks and soil contamination from crude oil sludge. Crude oil contains both highly volatile substances and low-volatility substances such as heavy oils, with most volatilizing and soil contamination primarily caused by heavy oils with low volatility.

In Kuwait in the Middle East, 798 oil wells were destroyed due to past Iraqi invasion, resulting in the formation of Oil Lakes (Pits) as emergency collection sites. Kuwait secured approximately $3.65 billion in funding through claims to the UNCC (UN Compensation Committee) and is progressively pursuing reconstruction/restoration projects.

Beyond special cases like Kuwait, crude oil-producing countries such as Russia and Egypt are experiencing various environmental pollution from oil contamination, and the need for remediation is increasing.

Market Size

Category Current Market Size
(2015)
Projected Market Size
(2020)
Global Market (Oil-Contaminated Soil Remediation) KRW 400 billion KRW 2.65 trillion
Korean Market (Crude Oil Sludge Treatment) KRW 10 billion KRW 12 billion
※ Global Market Size Estimation Basis:
  • Kuwait War Recovery Project: KRW 300 billion (Phase 1 pilot), KRW 2.4 trillion (Phase 2 remediation, 2020)
  • Russia Far East Oil Field Remediation: State oil company Roseneft estimates, KRW 50 billion (2015), KRW 100 billion (2020)
  • CIS Region Remediation: Ukraine UKS LLC estimates (demonstration partner), KRW 30 billion (2015), KRW 50 billion (2020)
  • China Oil Field Remediation: Based on Chinese local environmental data, KRW 20 billion (2015), KRW 100 billion (2020)
※ Korean Market Size Estimation Basis:
  • Calculated based on Korea National Oil Corporation and refineries' crude oil storage tank cleaning operations
Activation of Soil Contamination Remediation Market from Crude Oil Extraction: Oil Sludge, Oil Lake, OBM
Oil Contamination Remediation Market

KOC Remediation Project Bidding Qualification

KOC & BEC Logo

Selected as Qualified Contractor by Kuwait Oil Company (KOC) (June 2015)

  • • Cat-58 Soil Remediation Service
  • • Cat-59 OBM Cutting Treatment
International Soil Remediation Cases
International Soil Remediation Cases