EOR Yearbook 2018
Visiongain’s latest EOR yearbook provides you with this unprecedented in-depth analysis of the global EOR market. Visiongain assesses that the global EOR market will generate revenues of $24.2bn in 2017 and the yearbook reveals where the major opportunities are to exploit.
The EOR market is still under stress due to the depressed oil prices. While this is unlikely to recover in the immediate future, the next ten years are still likely to see production and spending increases in most EOR submarkets. Growth rates and the methods employed will vary considerably from country to country.
Many of the world’s conventional oil fields have already started the inevitable decline in production rate owing to years of extraction of a finite resource. While unconventional reserves do hold the possibility for enormous oil production levels, they are not found everywhere, and the difficulty in extraction of oil from such reserves means that it is not always feasible to develop them. This means that it is often most beneficial to apply EOR to existing fields to help achieve the maximum recovery rate from each well.
EOR technologies have been in operation for a number of decades, primarily being used to recover more oil from ageing oil fields. However, escalating oil demand in emerging economies, improved technologies, ageing oil fields and a dearth of conventional oil finds helped to drive investments in the market and increase production. As a result of this, thermal, gas and chemical EOR methods are no longer confined to a few select countries. Although the oil price fall has slowed investment in EOR production in some regions (such as North America), companies elsewhere in the world will continue to implement projects to make the most of their existing reserves and meet production targets over the next ten years.
Visiongain’s global EOR energy market report can keep you informed and up to date with the developments in the market. The report covers global and national market forecasts and analysis from 2017 to 2027 including production, capital expenditure (CAPEX) and operational expenditure (OPEX) forecasts and analysis. The Thermal Heavy Oil, CO2, Other Gas and Chemical submarkets are also subdivided for each of the leading national markets.
With reference to this report, it covers extensive details and analysis of all current EOR projects currently taking place throughout the world. Through extensive secondary research and interviews with industry experts, visiongain has identified a series of market trends that will impact the EOR market over the forecast timeframe.
The report will answer questions such as:
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