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Global Enhanced Oil Recovery (EOR) Market 2015-2019

Global Enhanced Oil Recovery (EOR) Market 2015-2019

About enhanced oil recovery

Enhanced oil recovery (EOR) is also known as tertiary recovery. It uses various technologies to enhance the production of oil after the recovery from primary and secondary recovery methods and to improve the hydrocarbon mobility within a reservoir and restore the formation pressure. EOR plays a significant role in improving oil production, especially in case of mature oilfields. The primary recovery methods can produce around 10% of the reservoir's initial oil-in-place while the secondary methods have an oil recovery factor of 20-50%. EOR can extract 30-60% of the oil-in-place.

Technavio’s analysts forecast the global EOR market to grow at a CAGR of 16.93% during 2014-2019.

Covered in this report

This report covers the present scenario and the growth prospects of the global EOR market for the period 2015-2019. Technavio's report, Global EOR Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.

The report includes a discussion of the key vendors operating in this market.

Key vendors

  • ExxonMobil
  • Royal Dutch Shell
  • Chevron
  • BP
  • Total
Other prominent vendors
  • Canadian Natural Resources
  • Cenovus Energy
  • China National Petroleum
  • ConocoPhillips
  • Denbury Resources
  • Kinder Morgan
  • Lukoil
  • Nexen
  • Occidental Petroleum
  • Petróleos de Venezuela
  • Petróleos Mexicanos
  • Petrobras
  • Petroleum Development Oman
  • Suncor Energy
Market driver
  • Increase in global oil and gas consumption
  • For a full, detailed list, view our report
Market challenge
  • High capital investment
  • For a full, detailed list, view our report
Market trend
  • EOR as a method for carbon sequestration
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space and what is their portfolio matrix?
  • What are the market opportunities and threats faced by the key vendors?
  • What is the competitive landscape as characterized by geography?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Enhanced Oil Recovery Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Enhanced Oil Recovery Market: ExxonMobil, Royal Dutch Shell, Chevron, BP and Total
Other Prominent Vendors in the market are: Canadian Natural Resources, Cenovus Energy, China National Petroleum, ConocoPhillips, Denbury Resources, Kinder Morgan, Lukoil, Nexen, Occidental Petroleum, Petróleos de Venezuela, Petróleos Mexicanos, Petrobras, Petroleum Development Oman and Suncor Energy
Commenting on the report, an analyst from Technavio’s team said: “CO2 is a GHG that causes large-scale environment degradation. Carbon sequestration is a process in which CO2 captured from various sources is pumped into deep subsurface rock formations for long-term storage. EOR is one of the most attractive methods for carbon sequestration as the geographical characteristics and behavior of reservoirs are well understood by oil and gas producing and service companies. In addition, the cost of CO2 injection is compensated by the sale of additional recovered oil.”
According to the report, global consumption of oil and gas is continuously increasing because of the rise in population and per capita income. Increasing oil consumption coupled with diminishing production from mature fields are some of the major driving factors in the global EOR market. This technique is playing a key role in meeting the rising oil demand.
Further, the report states that the high capital costs associated with deployment of EOR projects is a big challenge that is expected to negatively impact the market, especially when oil prices are decreasing.

Companies Mentioned

ExxonMobil, Royal Dutch Shell, Chevron, BP, Total, Canadian Natural Resources, Cenovus Energy, China National Petroleum, ConocoPhillips, Denbury Resources, Kinder Morgan, Lukoil, Nexen, Occidental Petroleum, Petróleos de Venezuela, Petróleos Mexicanos, Petrobras, Petroleum Development Oman, Suncor Energy

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top vendor offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Segmentation of global EOR market
    • Technology overview
    • Market size and forecast
      • Table Global EOR market 2014-2019 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Global EOR market by technology 2014-2019
      • Table Global EOR market 2014-2019 ($ billions)
      • Table Global EOR market by technology 2019
      • Table Global EOR market by technology 2014-2019
    • Global EOR market by thermal recovery technology
      • Table Global EOR market by thermal recovery technology 2014-2019 ($ billions)
    • Global EOR market by gas injection technology
      • Table Global EOR market by gas injection technology 2014-2019 ($ billions)
    • Global EOR market by chemical injection technology
      • Table Global EOR market by chemical method 2014-2019 ($ billions)
    • Global EOR market by other technologies
      • Table Global EOR market by other technologies 2014-2019 ($ billions)
  • Geographical segmentation
    • Global EOR market by geography 2014-2019
      • Table Global EOR market by geography for 2014
      • Table Global EOR market by geography for 2019
      • Table Global EOR market by geographical segmentation 2014-2019
    • EOR market in Americas
      • Table EOR market in Americas 2014-2019 ($ billions)
    • EOR market in EMEA
      • Table EOR market in EMEA 2014-2019 ($ billions)
    • EOR market in APAC
      • Table EOR market in APAC 2014-2019 ($ billions)
  • Key leading countries
    • US
    • Canada
    • China
  • Market drivers
    • Table Oil and gas consumption 2009-2014
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • BP
      • Table Geographic segmentation by revenue 2014
    • Chevron
    • ExxonMobil
      • Table Business segmentation by net earnings 2013 and 2014 ($ billions)
      • Table Geographical segmentation by revenue 2014
    • Royal Dutch Shell
      • Table Revenue comparison by business segment by 2013 and 2014 ($ millions)
    • Total
  • Appendix
    • List of abbreviations
  • Explore Technavio

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