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Global Enhanced Oil Recovery (EOR) Market Size , Industry Analysis Report 2025


Global Enhanced Oil Recovery Market Size by Technology (Thermal, Gas Injection and Chemical) by Application (Onshore and Offshore) by Region ( North America, Europe, Asia Pacific, Latin America and Middle East & Africa) and Forecast 2018 to 2025 – PowerPoint PPT presentation

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Title: Global Enhanced Oil Recovery (EOR) Market Size , Industry Analysis Report 2025

Global Enhanced Oil Recovery Market
  • Drivers, Restraints, Potential Growth
    Opportunities, Product Size, Application
    Estimation, Vendor Competitive Landscape, Trends
    and Forecast 2018-2025

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Enhanced Oil Recovery Market Size, Status and
Forecast 2018-2025
  • The global enhanced oil recovery market is
    projected to reach at USD 171.53 billion in 2025,
    growing at a CAGR of 8.3 from 2017 to 2025.
    Increasing number of matured wells and falling
    oil reserves are driving the global enhanced oil
    reserve market.
  • Further, the widening gap between demand of crude
    oil and production is broadening. To overcome
    this gap companies are using enhanced oil
    recovery technologies for mining from reserves
    that exhibit heavy oil, irregular faultiness and
    have poor permeability. Further increasing number
    of matured wells coupled with the growing demand
    across the globe is expected to drive the
    enhanced oil recovery market growth between 2018
    and 2025.
  • The operation and installation of enhanced oil
    recovery technologies include numerous components
    and products such as blowers, wellheads, chemical
    feeder systems, pumps, gas compressors,
    specialized storage vessels, steam generator and
    many other equipment. Some other significant
    products of EOR technology include oil recovery
    media such as alkali, surfactants, liquid
    nitrogen, CO2, polymers, and chemical.

Enhanced Oil Recovery Market Size, Status and
Forecast 2018-2025
  • Globally, governments and regulatory bodies are
    taking initiatives for developing advanced
    technology and established infrastructure for oil
    production. Government of Asian countries such as
    China, Malaysia, India and Indonesia are offering
    flexibility in financial incentives and tax
    regimes to attract EOR technology companies to
    invest in enhanced oil recovery market.
  • Thermal enhanced oil recovery held the major
    share in enhanced oil recovery market in 2017, as
    it is one of the oldest technology which is used
    for extraction of oil from aged wells. Some other
    technologies such as gas injection and chemical
    recovery are growing at a substantial level owing
    to various advantages such as cost effectiveness
    and technology advancement.
  • Onshore application dominated the enhanced oil
    recovery market and held approx. 72 of the
    global share. Onshore zone has the presence of
    higher number of aged wells as compared to
    offshore, which has surged the requirements of
    these technologies. Though many offshore oil
    reserves and wells are also discovered in last
    few decades but due to high cost, companies are
    not able to increase the scope of EOR techniques
    in offshore area.
  • Browse the complete report on _at_

Enhanced Oil Recovery Market Size, Status and
Forecast 2018-2025
  • North America was leading in 2017 and is
    anticipated to show the same trend over the
    forecast future. The region is the industry
    leader owing to the existence of large number of
    aged wells and large scale development of
    non-renewable energy in North America.
  • The competitive landscape of the global enhanced
    oil recovery market was fragmented as of 2017.
    Many global and regional players compete to
    capture more of the global enhanced oil recovery
    market share. Some key players include ExxonMobil
    Corporation, Pulse Oil, Statoil, Lukoil Oil
    Company, Chevron Phillips Chemical Company LP.,
    Petroleo Brasileiro S.A., Royal Dutch Shell plc,
    Cenovus Energy Inc., BP plc, Praxair Technology,
    Inc., ADNOC, Repsol and China Petroleum
    Chemical Corporation.
  • Purchase a single user copy of the global
    Enhanced Oil Recovery Market report_at_

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  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
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    markets size, key trends, participants and
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