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 O&G 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, PetroleoBrasileiro, 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.

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