Carbon Dioxide Enhanced Oil Recovery Market Research Report 2023

Carbon Dioxide Enhanced Oil Recovery Market

Carbon dioxide purity above 90% can be used to increase oil recovery. After carbon dioxide is dissolved in water in the formation, it can increase the viscosity of water by 20% to 30%. After the carbon dioxide is dissolved in the oil, the volume of the crude oil is expanded, the viscosity is reduced by 30% to 80%, and the oil-water interfacial tension is reduced, which is beneficial to increase the oil recovery rate, improve the oil washing efficiency and collect residual oil.

The global Carbon Dioxide Enhanced Oil Recovery market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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North American market for Carbon Dioxide Enhanced Oil Recovery is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

Asia-Pacific market for Carbon Dioxide Enhanced Oil Recovery is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The global market for Carbon Dioxide Enhanced Oil Recovery in Miscible EOR is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The key global companies of Carbon Dioxide Enhanced Oil Recovery include Exxon Mobil Corporation, BP plc, Total SE, China Petroleum and Chemical Corporation, Royal Dutch Shell, Chevron Corporation, Petroleo Brasileiro S.A.-Petrobras, NK Lukoil PAO and Cenovus Energy Inc, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Carbon Dioxide Enhanced Oil Recovery, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Carbon Dioxide Enhanced Oil Recovery.

The Carbon Dioxide Enhanced Oil Recovery market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Carbon Dioxide Enhanced Oil Recovery market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Carbon Dioxide Enhanced Oil Recovery companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Key Companies:
• Exxon Mobil Corporation
• BP plc
• Total SE
• China Petroleum and Chemical Corporation
• Royal Dutch Shell
• Chevron Corporation
• Petroleo Brasileiro S.A.-Petrobras
• NK Lukoil PAO
• Cenovus Energy Inc
• Equinor ASA
• Abu Dhabi National Oil Company
• Air Products and Chemicals Inc.
• Occidental Petroleum Corp.
• Chesapeake Energy
• China National Offshore Oil Corporation
• ConocoPhillips
• Halliburton Company
• Schlumberger N.V.
• Kinder Morgan, Inc.

By Type
• Natural CO2 Deposits
• Carbon Capture and Storage
• Industrial CO2

By Application
• Miscible EOR
• Immiscible EOR

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