Apart from the costly nature of the drilling fluid with No.2 diesel as its persistent stage, one of the greatest objection against oil based muds (OBMs) is that it has a very harmful effect on our environment. As it is held in high regard by industry administrators it has additionally gotten under the ire of environmentalists because of its superb rheological properties at high temperatures, its adequacy against a wide range of corrosion, its exceptional lubricating attributes and its suitability for the drilling formations which are easily harmed by the water based muds (WBMs). These environmentalists as of now, have been exceedingly vocal in their contempt not only for the utilization of OBMs but rather mostly for its discarding so as to get rid from it. They claimed that OBMs have the capability of contaminating water supplies, particularly when they are disposed offshore and that they also contain harmful synthetics that posture deadly dangers not only to the aquatic bodies but also to the terrestrial ones. These cases positively do have merits. However, diesel possess a high aromatic content, if seen from a chemical perspective, therefore it is regarded as toxic which is non-biodegradable and hence, pose a lethal threat to our environment. Also, the impacts of OBMs disposal in the earth as conveyed by the researchers demonstrate that such petroleum based oils utilized drilling mud which generally contain a lot of aromatic content and somewhere around a significant amount of n-olefins the two of which may possess a harmful threat or may be poisonous to the animal as well as plant life. These issues urged the administrative experts of various oil producing countries to establish laws and force penalties on the lawbreakers so as to preserve the environment along with its residents from the deadly impacts of OBM disposal. For instance, an arrangement of guidelines called the corporate regulations for Offshore Drilling Operations in Saudi Arabia which was established by the Royal Decree No. M/9 of November 18 1987, specifies that all oil-based drilling fluids that are assigned as lethal or toxic liquids, and their cuttings be pulled back to an affirmed onshore disposal site, and these cuttings from oil-based mud ought to be cleaned utilizing the best practical technology available in present and afterward be released as close as conceivable to the ocean bottoms. This move has constrained the business of oil and gas industry on its toes. However this reality is buttressed by Bleier et al. (1992) when they proposed that the ecological issues, in spite of nettlesome and most probably which is not cost effective, have served to empower new advancements in the drilling fluid technologies. The drilling business has after some time created alternatives of oil based muds so as to signify consistence, which are thus called as the synthetic based muds (SBMs). In 1990, for the first time a SBM was used to drill a well in the Norwegian Sector of the North Sea. However, it was used for the first time in the UK sector in 1991 and in the Gulf of Mexico in 1992. These SBMs unite the preferable performance features of the oil based mud thus, bringing down the lethality and properties of the environmental effect of the water based mud. As administrators continue exploring, analysts are likewise making great walks in the improvement of environmentally friendly OBMs. For example, in order to achieve an additional edge of protection to human, plants, terrestrial as well as aquatic life from the area where the oil and gas is produced, various investigations have been attempted so as to apt various vegetable oils for use as an option in contrast to the diesel oils. Thus, access to a complete scale of vegetable oils for mud detailing is essential to accomplish practical advancement that is to achieve minimal cost, particularly in deep water or where horizontal or extended reach drilling (ERD) is utilized. Consequently, it is necessary to comprehend the potential cost demonstrations of every vegetable oil mud choice and the full cost investigation of utilizing the alternative choices. To the end, this paper would center around giving valuable data on the utilization of vegetable oils as OBMs. It would also provide the knowledge of all the past investigations that are done on the field of utilization of vegetable oils as OBMs followed by the analysis of the physical and chemical properties of each vegetable oil alongside the world accessibility of every one of the oils. A regulation for leading a cost examination of every choice would be discussed straightaway while an analysis of the evaluation of cost and advantage related with utilizing every vegetable oil would be dealt. Later on, an assessment on the suitability of every vegetable oil to accomplish the goals of cost adequacy, accessibility, and great rheological and filtration properties would be evaluated.