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Enhanced Oil Recovery Market 2023 : Impact Of COVID-19 On Energy & Power Industry - AkzoNobel, BASF, Dow, Hayward Gordon ULC, Praxair Inc, Rolls-Royce, TIW Corporation

04-16-2020 08:07 AM CET | Energy & Environment

Press release from: Enhanced Oil Recovery Market

Recent research and the current scenario as well as future market potential of "Enhanced Oil Recovery: Technologies and Global Markets".

Global enhanced oil recovery (EOR) technologies market should reach $40.8 billion by 2023 from $27.9 billion in 2018 at a compound annual growth rate (CAGR) of 7.9% for the period of 2018-2023.

Get Free Sample Report of Enhanced Oil Recovery Market @ https://decisionmarketreports.com/request-sample/1253571

Report Includes :

28 data tables and 81 additional tables
An overview of the global market for enhanced oil recovery (EOR) technologies that are deployed for increasing productivity in the oil fields
Analyses of global market trends with data from 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
Segmentation of the EOR technologies' market by categories including steam flooding, in-situ combustion, chemical flooding, hydrocarbon gas flooding, nitrogen gas flooding and carbon dioxide flooding
Marketing assessment of EOR technologies as essential tools with an ability to reduce a country's or a region's dependence on oil imports, thereby help achieving greater energy independence and security
Coverage of the all viable EOR technologies along with their installation and operation including various products and components such as injection pumps, wellheads, specialized well tubing, chemical feeder systems, air separation units, gas compressors, blowers, steam generators, specialized storage vessels, gas recapture and separation systems, and various other equipment and facilities
Discussion of the most recent government, industry, and academic data regarding the amount of oil in place that potentially can be extracted via EOR
Information on governments' roles in support of EOR technologies worldwide, including regulatory support, government requirements, and promotional incentives for various EOR technologies as relevant and available
Company profiles of the major players of the market, including AkzoNobel, BASF, Dow Chemical Co., Hayward Gordon, Praxair, Rolls-Royce, and TIW Corp.

Report Scope :

The scope of this investigation includes all of the major viable EOR technologies that are currently being implemented in the global oil industry. Besides hydrofracturing, tight sands or tight oil extraction are categorized as Improved Oil Recovery (IOR), of which EOR is a subset, EOR was originally developed as a means to extract additional oil from reservoirs after primary and secondary recovery methods ceased to be productive enough to maintain economical field operation. In some cases, the EOR technologies considered in this report may also be applied immediately after the initial well drilling. These applications are common for fields where primary and secondary recovery technologies are incapable of producing adequate oil in any phase of an oilfield operation.

The installation and operation of EOR technologies can include various products and components such as injection pumps, wellheads, specialized well tubing, chemical feeder systems, air separation units, gas compressors, blowers, steam generators, specialized storage vessels, gas recapture and separation systems, and various other equipment and facilities. Other important products of EOR technology include oil recovery media such as surfactants, polymers, alkali chemicals, liquid nitrogen and CO2. Although steam and onsite-compressed atmospheric nitrogen are also important oil recovery media, they are not considered EOR technology products within this report because they are available at minimal or no direct cost, unlike CO2 or specialized injection chemicals, which must be supplied to an EOR operation.

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The market analysis provided in this report presents region-specific and country-specific market valuation data for each of the EOR technologies considered in this study. These include breakdowns for the following categories:

Steam Flooding.
In Situ Combustion.
Chemical Flooding.
Hydrocarbon Gas Flooding.
Nitrogen Flooding.
Carbon Dioxide Flooding.
Estimated values in each of these categories are based on manufacturers' total revenues. Projected and forecasted revenue values are in constant US dollars (2017), unadjusted for inflation.

Emerging EOR technologies that may become commercially viable within the next five years are summarized, for example Solar EOR, but are not included in the market assessment of this report. BCC Research analyzes each major viable EOR technology, determines its current market status, examines its impact on future markets and presents forecasts of growth over the next five years. BCC Research analyzes the industry on a worldwide basis in terms of its manufacturing and the deployment of its technologies or products. BCC Research also examines government roles in support of EOR technologies worldwide, including regulatory support, government requirements and promotional incentives for various EOR technologies as relevant and available. BCC Research provides a review of the most relevant EOR technologies, discusses recent trends in capacity installation and unit sales, and provides industry overviews and market assessments for each EOR technology.

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