Enhanced Oil Recovery Market Future Growth Analysis On NALCO, GE (Baker Hughes), Total, Petroleum Development Oman, Statoil, Occidental Petroleum, ConocoPhillips, Lukoil, British Petroleum, Kinder Morgan, Chevron, Denbury Resources, Exxon Mobil, Shell, an
The U.S. enhanced oil recovery market will witness strong growth on account of the increasing demand for petroleum products coupled with growing investments toward E&P projects. As per the EIA, the capital expenditure for 44 onshore oil production companies in the U.S. increased by USD 4.9 billion between 2015 and 2016. Favorable government initiatives and programs to increase oil recovery from matured reservoirs will further propel the industry landscape. The International Energy Agency (IEA) introduced EOR Technology Collaboration Program (TCP) to reduce the overall cost of existing technologies and explore innovative methods to enhance the overall productivity.
Request a Sample of this premium Research Report@ https://www.marketstudyreport.com/request-a-sample/616486/?utm_source=OPEN&utm_medium=DC
This report focuses on the top Manufacturers and players in global market are given bellow:-
Schlumberger, Halliburton, NALCO, GE (Baker Hughes), Total, Petroleum Development Oman, Statoil, Occidental Petroleum, ConocoPhillips, Lukoil, British Petroleum, Kinder Morgan, Chevron, Denbury Resources, Exxon Mobil, Shell, and Wintershall.
Increasing number of stripper and marginal wells along with the growing demand to produce oil at the minimum cost will drive the enhanced oil recovery market . In 2015, the EIA estimated about 380,000 stripper wells in the U.S. compared to about 90,000 non-strippers. As per the National Stripper Well Association (NSWA), the U.S. had an estimated 771,000 marginal wells in production with about 410,000 oil wells in 2013.
Offshore enhanced oil recovery market will witness a significant growth on account of the ongoing expansion of deep-water projects. In 2017, Petronas Carigali Sdn Bhd (PCSB) announced its plan to invest around USD 2.3 billion for its EOR projects located in the offshore Sarawak oilfield in Malaysia.
Oman enhanced oil recovery market is predicted to surpass USD 3 billion by 2024. Growing focus on the use of sustainable resources to recover crude along with companies' EOR production targets will stimulate the business growth. In 2014, Petroleum Development Oman (PDO) revealed its plan to build a solar EOR project and maximize the local supply chain for the technology. In 2015, EOR accounts for around 11% of the company's daily production, which is anticipated to rise 33% by 2023.
Enhanced Oil Recovery Market Size By Technology
Gas (CO2, Nitrogen, Others), Thermal (Steam, In-Situ Combustion, Hot Water), Chemical (Polymer, Alkaline, Surfactant), Others
By Application (Onshore, Offshore)
Industry Analysis Report, Regional Outlook
U.S., Canada, Mexico, UK, Germany, Russia, Norway, Netherlands, China, India, Indonesia, Malaysia, Vietnam, Saudi Arabia, UAE, Oman, Turkey, Kuwait, Nigeria, Algeria, Egypt, Brazil, Venezuela
Request a Discount on standard prices of this premium Enhanced Oil Recovery Market Research Report@ https://www.marketstudyreport.com/check-for-discount/616486/?utm_source=OPEN&utm_medium=DC
Environmental benefits along with the adoption of Carbon Capture and Storage (CCS) will augment the enhanced oil recovery market growth. According to the study of DOE's National Energy Technology Laboratory (NETL), CO2 EOR could provide a value-added market for the sale of carbon dioxide emitted from new coal-fired power plants.
Norway enhanced oil recovery market is set to witness a gain of over 18% by 2024. Declining crude production along with the growing focus of Norwegian operators on maintaining productivity at low crude oil price will positively impact the business outlook. Norwegian oil production dropped from a peak of around 3 MMbbl/d in 2005 to 1.9 MMbbl/d in 2016. The Norwegian Petroleum Directorate (NPD) encourage operators to use EOR techniques in new projects as well as the existing fields approaching the end of their productive lifespans.
View More: https://www.marketstudyreport.com/reports/enhanced-oil-recovery-market
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Market Study Report
4 North Main Street,
Selbyville, Delaware 19975
US Toll Free: 1-866-764-2150
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Enhanced Oil Recovery Market Future Growth Analysis On NALCO, GE (Baker Hughes), Total, Petroleum Development Oman, Statoil, Occidental Petroleum, ConocoPhillips, Lukoil, British Petroleum, Kinder Morgan, Chevron, Denbury Resources, Exxon Mobil, Shell, an here
News-ID: 1359941 • Views: 3118
More Releases from Market Study Report
What's driving the Endpoint Security Market Size growth? Key Players are: Cisco, …
Market Study Report Provides A Detailed Overview Of Endpoint Security Market With Respect To The Pivotal Drivers Influencing The Revenue Graph Of This Business Sphere. The Current Trends Of Endpoint Security Market In Conjunction With The Geographical Landscape, Demand Spectrum, Remuneration Scale, And Growth Graph Of This Vertical Have Also Been Included In This Report. Endpoint security market is projected to surpass USD 7.5 billion by 2024. A Network endpoint is
Food Service Restaurant Market Will Hit Big Revenues in Future with Top Key Play …
Market Study Report has announced the addition of the “Global Food Service Restaurant Market Size Status and Forecast 2025”, Food Service Restaurant is used to improve the event planning process by incorporate many tools. The scope of the Report: The global Food Service Restaurant market is valued at xx million USD in 2018 and is expected to reach xx million USD by the end of 2025, growing at a CAGR of xx%
How MOOC (Massive Open Online Course) Market Will Dominate in Coming Years: Cour …
Market Study Report has announced the addition of the “Global MOOC (Massive Open Online Course) Market Size Status and Forecast 2025”, MOOC (Massive Open Online Course) is used to improve the event planning process by incorporate many tools. The scope of the Report: The global MOOC (Massive Open Online Course) market is valued at xx million USD in 2018 and is expected to reach xx million USD by the end of 2025,
Agriculture Drones Market: Industry Growth, Competitive Analysis, Future Prospec …
Market Study Report has announced the addition of the “Global Agriculture Drones Market Size Status and Forecast 2024”, Agriculture Drones is used to improve the event planning process by incorporate many tools. The scope of the Report: The global Agriculture Drones market is valued at xx million USD in 2018 and is expected to reach xx million USD by the end of 2024, growing at a CAGR of xx% between 2019 and
More Releases for EOR
Rising demand for EOR chemicals especially in North America
EOR chemicals are mainly used in the mature well and reserves in difficult terrains. EOR is normally done using polymer flooding, surfactant polymer flooding and alkaline surfactant polymer flooding. Download PDF Sample Report at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=218191584 The EOR chemicals market is a highly fragmented market with a presence of large number of producers. There are many players with strong local presence in their respective regions. The key players in this market are opting
Surfactants for EOR Market
https://www.qandqmarketresearch.com/reports/7112443/surfactants-for-eor-market-38 Global Surfactants for EOR market size will increase to Million US$ by 2025, from Million US$ in 2017, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Surfactants for EOR. This report researches the worldwide Surfactants for EOR market size value, capacity, production and consumption in key
Chemical EOR Market Size, Share– Latest Growth, Development Trends & Forecast
MarketResearchReports.Biz adds “Global Chemical EOR Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Chemical EOR and the growth estimates for the forecasted period. This report studies Chemical EOR in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast
2017 Chemical Enhanced Oil Recovery (EOR) Sales Global Market Report
"Global Chemical Enhanced Oil Recovery (EOR) Sales Market Report 2017" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect. . . Description- '
Surfactant EOR Market Global Industry Analysis Forecast 2016 - 2024
EOR (enhanced oil recovery) refers to the extraction of previously unobtainable crude oil from the deposit using non-traditional methods. One of these involves injecting surfactants into the field to reduce interfacial tension, change the wettability, and control mobility in order to increase the amount of oil recovered from a previously water-flooded reservoir. Browse Market Research Report @: http://www.transparencymarketresearch.com/surfactant-eor-market.html EOR technologies aim to recover billions of barrels which have already been discovered, yet
CO2 EOR Market - Permian Basin Industry Analysis, Size & Share : 2019
Transparency Market Research has released a new market report titled “CO2 EOR Market - Permian Basin Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019.” According to the report, the CO2 EOR market in the Permian Basin accounted for 195,000 barrels per day in 2012 and is anticipated to reach 329,069 barrels per day in 2019, expanding at a CAGR of 7.0% from 2013 to 2019. Download the Exclusive