Enhanced Oil Recovery Market trends research and projections for 2017 – 2024 (1)

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Enhanced Oil Recovery Market Price, Packaging
Trends, Industry Outlook Forecast 2017-2024
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Global Market Scenario of Furfural Industry

• Increasing number of matured fields along with
  growing need for crude to meet the petroleum
  product demand will foster the enhanced oil
  recovery market size. As per the Energy
  Information Administration, the consumption of
  petroleum and other liquids from the non-OECD
  region is projected to increase from 44.8 million
  b/d in 2012 to 74.8 million b/d by 2040. The
  mature fields accounted for over 70 of the
  overall production, with many of the fields in
  the secondary or tertiary production stage.
  Ability to raise oil recovery factor of well from
  5-15 to 35-75 will favor the technology
  adoption.
• Government initiatives toward adoption of oil
  recovery technology coupled with associated
  environmental benefits will embellish the
  enhanced oil recovery market share. The U.S.
  introduced National Enhanced Oil Recovery
  Initiative to boost the crude production of the
  country and reduce CO2 emissions through the
  extended use of the technology. In July 2017,
  NEORI introduced a FUTURE Act to accelerate the
  installation of technologies to capture CO2
  emitted from power plants and other industrial
  applications.

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• Technological advancements toward development of
  hybrid systems combining water flooding with
  surfactant or polymer to reduce the overall unit
  cost will stimulate the enhanced oil recovery
  market. Growing measures to adopt eco-friendly
  methods including microbial EOR will further
  influence the business landscape.
• Reasons to Buy This Report
• 1. Enhanced Oil Recovery size share
  forecast by product application, 2017-2024
• 2. Growth drivers, pitfalls industry
  challenges
• 3. Enhanced Oil Recovery Market growth
  opportunities emerging business models
• 4. Competitive benchmarking with market
  share analysis and company profiles
• Low chemicals cost along with potential to
  enhance recovery rates cornering by 70 will
  stimulate chemical enhanced oil recovery market
  growth. Companies are adopting innovative
  technologies to improve their overall production
  which may stimulate the product demand. For
  instance, Wintershall in collaboration with BASF
  has developed a Schizophyllan biopolymer EOR
  method to enhance productivity up to 10.
• CO2 enhanced oil recovery market size, in 2016
  was valued over USD 10 billion. Ability to offer
  high miscibility with oil, low mutual solubility
  with water, and environmental benefits are some
  of the key features which will encourage the
  product penetration. In July 2015, Saudi Aramco
  launched a carbon capture and EOR pilot project
  with an aim to enhance oil production using 40
  million MMSCFD of CO2 at the Uthmaniyah field in
  Saudi Arabia.

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