PPT for Enhanced Oil Recovery Market - PowerPoint PPT Presentation

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PPT for Enhanced Oil Recovery Market

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Enhanced Oil Recovery Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Norway, Russia, China, Indonesia, India, Australia, Saudi Arabia, UAE, Kuwait, Algeria, Egypt, Brazil, Venezuela), Application Development, Competitive Market Share & Forecast, 2017 - 2024 – PowerPoint PPT presentation

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Title: PPT for Enhanced Oil Recovery Market


1
Enhanced Oil Recovery Market Share and Forecast
2017-2024
Enhanced Oil Recovery Market Size, Industry
Analysis Report, Regional Outlook (U.S., Canada,
Mexico, UK, Norway, Russia, China, Indonesia,
India, Australia, Saudi Arabia, UAE, Kuwait,
Algeria, Egypt, Brazil, Venezuela), Application
Development, Competitive Market Share Forecast,
2017 - 2024
2
Global Market Scenario of Enhanced Oil Recovery
  • Global enhanced oil recovery market size is
    projected to witness significant growth over the
    forecast period due to increasing demand of crude
    oil across developing countries.
  • It has been anticipated that during the forecast
    period the import of crude oil will experience
    exponential growth across non-producing regions
    which will further enhance the business size.
  • Primary or natural recovery only enables 20-25
    of original oil in place to travel to the surface
    on its own while rest trapped oil is produced
    through EOR methods.
  • Favorable government strategies and regulations
    will complement the global enhanced oil recovery
    market to expand substantially over the forecast
    period.
  • Countries including the U.S., China, Russia and
    Norway are inclined to improve their annual
    production which include production by EOR
    methods.

3
  • Product Analysis-
  • Based on injection fluid, global enhanced oil
    recovery market is segmented into thermal
    recovery, gas injection and chemical injection.
    Gas injection is projected to witness significant
    growth over the forecasted timeframe owing to the
    CO2 or nitrogen injection in the reservoir thus
    limiting the harmful emissions. Chemical
    injection and thermal recovery are projected to
    observe moderate growth over the forecast period
    subject to their reservoir penetration and
    ability to lift high viscosity product to the
    surface.
  • Regional Trends-
  • U.S. enhanced oil recovery market is anticipated
    to observe significant growth due to growing
    number of stripper wells across the country. Low
    crude oil prices forcing investors to increase
    life of the residual oil from these stripper
    wells influencing EOR processes. In 2015, over
    11 and 8 of the OG production had come from
    the stripper wells.
  • UK enhanced oil recovery market shall see a high
    potential growth over the forecast period. The
    projects operating in UK continental shelf has
    large potential for carbon capture storage (CCS)
    followed by EOR operations. In 2016, the Oil and
    Gas Authority (OGA) of UK launched an EOR
    Delivery Program to provide strategic
    commissioning of existing and future EOR projects
    by 2021 and simultaneously produce over 250
    million barrels of oil equivalent over next
    decade.


4
  • Competitive Trends
  • Enhanced oil recovery market includes key players
    such as ExxonMobil, Whiting Petroleum, Royal
    Dutch Shell, China Petroleum Chemical, Chevron
    Phillips Chemical Company, BP, Petroleo
    Brasileiro, Lukoil and Cenovus Energy. The market
    is partially consolidated in nature and has less
    number of small scale players. The leading
    companies rely on regional providers to increase
    their share and geographical existence in the
    market. Agreements, joint ventures and contracts
    are the major advances observed across the
    industry.

5

Latest Research Report On Enhanced Oil Recovery
Market_at_ http//bit.ly/2p6A3T8 Request for a
Sample of this Research report _at_
http//bit.ly/2p6DE3N
6
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