Press release
Global Enhanced Oil Recovery market is expected to reach $106.4 billion by 2022 growing at a CAGR of 22.8%
Growing demand for energy, reinforcing existing reserves, growing oil demand & imports in Asia Pacific region and depleting oil reserves are some of the major factors driving the global Enhanced Oil Recovery market. Whereas high capital cost, technical and operational challenges are the factors hampering the market growth.Request a sample copy of Report @ http://www.orbisresearch.com/contacts/request-sample/222951
Onshore application segment is estimated to dominate the market owing to the presence of the large number of mature and aged wells in comparison to offshore segment; hence the demand for such technologies is emerging. Moreover, the chemical and gas segment in technology is expected to grow at abundant level attributing to its use in oilfields for enhancing water flooding efficiency and boosting surfactants effectiveness. In addition to that North America is estimated to be the largest market sharing region with affect of mature wells presence in the region. Asia Pacific region is expected to be the fastest growing region, with the industrialization & expansion of oil & gas industry.
Some of the key players of the Enhanced Oil Recovery market include BASF SE, BP P.L.C., Cenovus Energy Inc, Chevron Phillips Chemical Company LP, China Petroleum & Chemical Corporation, ExxonMobil Corporation, Halliburton Corporation, Lukoil Oil Company, Nalco Company, Petroleo Brasileiro S.A, Petroliam Nasional Berhad (Petronas), Praxair Technology, Inc., Praxair Technology, Inc., Royal Dutch Shell plc., Schlumberger Ltd., and Statoil ASA.
Browse Full Report with TOC @ http://www.orbisresearch.com/reports/index/enhanced-oil-recovery-global-market-outlook-2016-2022
Technologies Covered:
Thermal enhanced oil recovery
Gas/CO2 enhanced oil recovery
Microbial and Seismic enhanced oil recovery
Chemical enhanced oil recovery
Other Technologies
Applications Covered:
Offshore
Onshore
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt
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