Press release
Enhanced Oil Recovery Market Expected to Hit USD 41.35 Billion by 2026, at a CAGR of 7.1% | Global Key Players - BASF SE, Chevron Phillips, British Petroleum, ExxonMobil, Schlumberger, Lukoil Oil
Enhanced Oil Recovery Market
Overview of the Global Enhanced Oil Recovery Market:
The Global Enhanced Oil Recovery Market is accounted for $22.23 Billion in 2017 and is expected to reach $41.35 Billion by 2026 growing at a CAGR of 7.1% during the forecast period.
Factors such as increasing number of mature oil fields worldwide, rising depletion in oil reserves and technological advancements are propelling the market growth. However, high cost incurred in the procedure, technical and operational issues are hindering the market growth. Moreover, focus on heavy oil reservoirs provides opportunities for the market growth.
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Enhanced oil recovery is the performance of various techniques for raising the amount of crude oil that can be extracted from an oil field. Enhanced oil recovery is also called tertiary recovery. There are three primary techniques for enhanced oil recovery they are thermal recovery, gas injection, and chemical injection.
On the basis of geographic analysis, North America is the major revenue contributor due to presence of a huge mature oil and gas asset base in Gulf of Mexico and availability of a good potential for unconventional sources of oil and gas in various countries such as Canada and US.
A complete analysis of the competitive landscape of the Global Enhanced Oil Recovery Market is provided in the report. This section includes company profiles of market key players. The profiles include contact information, gross, capacity, product details of each firm, price, and cost. This report investigates new project feasibility with a purpose of enlightening new entrants about the possibilities in this market. In this report, thorough SWOT analysis & investment analysis is provided which forecasts imminent opportunities for the Enhanced Oil Recovery Market players.
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Major Key Players:
1 BASF SE
2 Chevron Phillips Chemical Company
3 British Petroleum
4 ExxonMobil Corporation
5 Oil and Natural Gas Corporation Ltd
6 Schlumberger Ltd
7 Lukoil Oil Co.
8 TechnipFMC
9 Equinor
10 Abu Dhabi National Oil Company and More………………
Market Segment by Technologies:
1 Chemical-Enhanced Oil Recovery
2 Gas-Enhanced Oil Recovery
3 Thermal-Enhanced Oil Recovery
4 Other Enhanced Oil Recovery Techniques
Market Segment by Applications:
1 Offshore
2 Onshore
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What Information does this report contain?
1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants
2 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?
3 Which are the leading market products, applications & regions and how will they perform by 2026?
4 What are the technologies & innovation trends, how will they evolve by 2026?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Enhanced Oil Recovery Market.
Table of Contents:
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Enhanced Oil Recovery Market, By Technology
6 Global Enhanced Oil Recovery Market, By Application
7 Global Enhanced Oil Recovery Market, By Geography
8 Key Developments
9 Company Profiling
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We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
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