Axisresearch
- Energy & Mining
- IMARC GROUP
- 102 pages
- Published: 04-08-2019
The global enhanced oil recovery (EOR) market is currently witnessing robust growth. Enhanced oil recovery (EOR), also known as tertiary recovery, refers to the process through which otherwise immobile residual oil is mobilized either physically, chemically or thermally. As primary and secondary oil recovery methods can leave up to 75% of the oil in the reservoir, oil extracting companies have started relying on EOR or tertiary oil recovery methods. Thermal recovery, gas injection and chemical injection are the most commonly used EOR techniques across the globe. Although most of the EOR technologies are currently used offshore, oil companies are developing technologies to expand onshore EOR methods. Looking forward, IMARC Group expects the market to grow at a CAGR of 16% during 2019-2024.
Market Drivers:
Over the past few years, the rapid depletion of fossil fuels has contributed to the increasing application of EOR technologies in the oil and gas industry. The rising demand for oil has further added to the growing demand for EOR worldwide. In addition, several governments around the world are taking initiatives for utilizing advanced technologies for oil extraction to achieve higher profits from existing oil and gas fields. For example, countries like China and India are offering financial incentives to attract multinational companies to invest in the enhanced oil recovery market. In line with this, various companies all over the world are engaging in R&D activities to improve oil recovery. For instance, British Petroleum has developed advanced techniques that can extract oil using thermally activated microscopic particles which expand deep into the reservoir.
Report Coverage:
Historical, Current and Future Market Trends
Breakup by Technology:
Thermal-Enhanced Oil Recovery
Gas-Enhanced Oil Recovery
Chemical-Enhanced Oil Recovery
Others
Thermal-enhanced oil recovery currently accounts for the largest share.
Breakup by Application:
Onshore
Offshore
Onshore currently accounts for the largest share.
Regional Insights:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Basf Se, Halliburton Corporation, Royal Dutch Shell Plc, Schlumberger Ltd., Chevron Phillips Chemical Corporation, Fmc Technologies Inc., NALCO Company, Praxair Technology, Inc., Secure Energy Services Inc., Xytel Corporation, Praxair Technology, Inc., Statoil ASA, BP Plc, China Petroleum & Chemical Corporation, Oil and Natural Gas Corporation Ltd, ExxonMobil Corporation, ConocoPhillips, Petroleo Brasileiro S.A., Lukoil Oil Co., etc.
Key Questions Answered in This Report:
- How has the global enhanced oil recovery market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global enhanced oil recovery industry?
- What is the breakup of the global enhanced oil recovery market based on the technology?
- What is the breakup of the global enhanced oil recovery market based on the application?
- What are the various stages in the value chain of the global enhanced oil recovery market?
- What are the key driving factors and challenges in the global enhanced oil recovery market?
- What is the structure of the global enhanced oil recovery market and who are the key players?
- What is the degree of competition in the global enhanced oil recovery market?
| 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Enhanced Oil Recovery Market 5.1 Market Overview 5.2 Market Performance 5.3 Market Breakup by Technology 5.4 Market Breakup by Application 5.5 Market Breakup by Region 5.6 Market Forecast 6 Market Breakup by Technology 6.1 Thermal-Enhanced Oil Recovery 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Gas-Enhanced Oil Recovery 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Chemical-Enhanced Oil Recovery 6.3.1 Market Trends 6.3.2 Market Forecast 6.4 Others 6.4.1 Market Trends 6.4.2 Market Forecast 7 Market Breakup by Application 7.1 Onshore 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Offshore 7.2.1 Market Trends 7.2.2 Market Forecast 8 Market Breakup by Region 8.1 North America 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Europea 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Asia Pacific 8.3.1 Market Trends 8.3.2 Market Forecast 8.4 Middle East and Africa 8.4.1 Market Trends 8.4.2 Market Forecast 8.5 Latin America 8.5.1 Market Trends 8.5.2 Market Forecast 9 SWOT Analysis 9.1 Overview 9.2 Strengths 9.3 Weaknesses 9.4 Opportunities 9.5 Threats 10 Value Chain Analysis 10.1 Overview 10.2 Research and Development 10.3 Raw Material Procurement 10.4 Manufacturing 10.5 Marketing 10.6 Distribution 10.7 End-Use 11 Porters Five Forces Analysis 11.1 Overview 11.2 Bargaining Power of Buyers 11.3 Bargaining Power of Suppliers 11.4 Degree of Competition 11.5 Threat of New Entrants 11.6 Threat of Substitutes 12 Competitive Landscape 12.1 Market Structure 12.2 Key Players 12.3 Profiles of Key Players 12.3.1 Basf Se 12.3.2 Halliburton Corporation 12.3.3 Royal Dutch Shell Plc 12.3.4 Schlumberger Ltd. 12.3.5 Chevron Phillips Chemical Corporation 12.3.6 Fmc Technologies Inc. 12.3.7 NALCO Company 12.3.8 Praxair Technology, Inc. 12.3.9 Secure Energy Services Inc. 12.3.10 Xytel Corporation 12.3.11 Praxair Technology, Inc. 12.3.12 Statoil ASA 12.3.13 BP Plc 12.3.14 China Petroleum & Chemical Corporation 12.3.15 Oil and Natural Gas Corporation Ltd 12.3.16 ExxonMobil Corporation 12.3.17 ConocoPhillips 12.3.18 Petroleo Brasileiro S.A. 12.3.19 Lukoil Oil Co. |
Market Breakup by Technology
- Thermal-Enhanced Oil Recovery
- Gas-Enhanced Oil Recovery
- Chemical-Enhanced Oil Recovery
- Others
Market Breakup by Application
- Onshore
- Offshore
Market Breakup by Region
- North America
- Europea
- Asia Pacific
- Middle East and Africa
- Latin America