Résumé : Drilling fluids are one of the most significant components of drilling operations for proper functions including fluid loss reduction into the formation and outstanding rheological properties. The drilling fluids according to environmental regulations and governmental rules have to be friendly to the environment to lessen the negative effects on the environment and improve safety. In the current study, a cost-effective industrial alkali waste (spent caustic) was used as a pH controller along with the environmentally friendly uncoated and Chitosan-coated green magnetite nanoparticles (MNPs) in water-based drilling fluid systems. The study focuses on exploring the impact of the alkali waste compared to the conventional alkali (NaOH) on rheology and filtration loss properties. The flow models of the drilling fluid systems were examined. The results proved that the drilling fluid formulated with polymer-coated green MNPs and waste alkali exhibited higher rheological properties and lower mud cake thickness and filtration volume compared to the reference fluid, thus, the waste alkali could replace NaOH as a pH controller. The flow behavior of new fluids could be described precisely using the Herschel-Bulkley flow model. Whereas, the Bingham plastic flow model described the fluid systems incorporated with uncoated and polymer-coated green NPs and NaOH.