EOR Market in Oilfield Growing at 8.11% CAGR to 2021

Apr 19, 2016, 06:00 ET from ReportsnReports

PUNE, India, April 19, 2016 /PRNewswire/ --

The global Enhanced Oil Recovery (EOR) Market in Oil and Gas Industry has been growing at a high rate in terms of volume, on account of the shale revolution in North America. Decline in exploration and production, coupled with increase in extracting oil from old reservoirs in productive manner across the globe has been the major driver for the EOR method market. However, the decline in crude oil prices has resulted in some of the major oil and gas projects to delay and thus resulting in the decline in the CAGR of Enhanced Oil Recovery (EOR) market in terms of value during 2011-15.

Complete report on enhanced oil recovery (EOR) market spread across 200 pages analysing major leaders and providing 11 tables and 120 figures is now available at http://www.reportsnreports.com/reports/526340-global-enhance-oil-recovery-eor-market-trends-opportunities-and-forecasts-2016-2021--by-type-thermal-non-thermal-methods-gas-injection-chemical-injection-by-location-offshore-onshore-by-region-namerica-s-america-middle-east-africa-europe-and-apac-by-country-us-canada-brazil-mexico-qatar-kuwait-algeria-nigeria-russia-china-indonesia-malaysia-.html.

According to research report, "Global Enhanced Oil Recovery (EOR) Market: Trends, Opportunities and Forecasts (2016-2021) - By Type Thermal Energy and Non Thermal Method such as Gas Injection and Chemical Injection; By Location of Application Offshore & Onshore; By Region N. America, S. America, Middle-East & Africa, Europe and APAC", global EOR market is projected to exhibit a positive growth during 2016 - 2021 at a CAGR of 8.11 % in terms of volume wherein market in Middle East, Africa, Asia Pacific is anticipated to rise. On the basis of type of EOR method, market is segmented By Type (Thermal Energy and Non Thermal Method such as Gas Injection and Chemical Injection), By Location of Application (Offshore & Onshore) and By Geography (North America, South America, Middle East and Africa, Europe and APAC).

Few of the leading companies operating in Global Enhanced Oil Recovery (EOR) Market include Schlumberger, Halliburton Co., Baker Hughes Inc., BP, Royal Dutch Shell, Lukoil. Order a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=526340.

Scope of the Report

Segmentation by Type: Thermal Methods and Non-Thermal Methods Gas Injection and Chemical Injection

Segmentation by Location of Application: Offshore and Onshore

Segmentation by Region: North America, South America, Middle East and Africa, Europe and APAC

Segmentation by Country: United States, Canada, Brazil, Mexico, Qatar, Kuwait, Algeria, Nigeria, Russia, China, Indonesia and Malaysia

Brazil's EOR Market size has increased steadily in the South America Region in 2016 - 2021. Kuwait and Qatar are the most promising nation for the applying EOR methods, while China & Indonesia are expected to drive the Asia Pacific market of EOR thermal, gas and chemical market owing to their high demand for energy.

With the high demand for energy in the American and Asian regions, there has been an increase in oil and gas recovery activities leading to growth in the market for Enhanced Oil Recovery (EOR) techniques. The report speaks about the offshore and onshore allocation of the market share wherein recent rise in the offshore explorations would drive the market in the offshore oil and gas industry. The percentage share of the offshore market is anticipated to rise until the year 2021.

Increase in crude oil prices and depleting reserves have limited the exploration activities and also contributed to the growth of EOR market to increase productivity from aging oil wells.

On a related note, another research titled Global Oilfield Specialty Chemical Market: Trends, Opportunities and Forecasts (2016-2021) (By Type-Inhibitors, Demulsifiers, Biocides, Surfactants; By Application-Drilling, Cementing, Stimulation, EOR; By Region- N. America, S. America, Middle-East & Africa, Europe, APAC, ROW), spread across 275 pages and published in March 2016 is available at http://www.reportsnreports.com/reports/504674-global-oilfield-specialty-chemical-market-trends-opportunities-and-forecasts-2016-2021-by-type-inhibitors-demulsifiers-biocides-surfactants-by-application-drilling-cementing-stimulation-eor-by-region-n-america-s-america-middle-east-africa-europe-apac-row-.html . This research profiles companies like Schlumberger Limited, Halliburton Co., BAKER HUGHES Inc. (NYSE: BHI), Weatherford International Ltd., Lubrizol Corp, DOW Chemicals Co., Evonik Industries, AkzoNobel (Euronext: AKZA), BASF, Omnova Solutions, Inc. and Ecolab Inc.

Explore other reports on energy and power market http://www.reportsnreports.com/market-research/energy-and-power-supplies/.

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