Global Enhanced Oil Recovery (EOR) Industry Outlook to 2018 - EOR Applications in Mature Oil Reserves to Drive the Industry Growth
NEW YORK, Nov. 27, 2014 /PRNewswire/ -- EXECUTIVE SUMMARY
The report titled 'Global EOR Industry Outlook to 2018 – EOR Applications in Mature Oil Reserves to Drive the Industry Growth' provides a comprehensive analysis of the EOR industry in the world covering various aspects such as market size on the basis of EOR Market Value, Oil Production from EOR and Oil Volume Potential for EOR, market segmentation by oil volume potential by regions, expected trends in the future and future projections of the Global EOR industry with key growth drivers and challenges impacting the industry. The report also provides detailed explanation of the various macro variables and industry factors impacting the growth of Global EOR industry.
The market for Global EOR industry is driven majorly by crude oil consumption which in turn depends on the oil production from proved oil reserves and the recovery rate. These recoverable oil volumes depend on the applications of EOR methods such as Thermal EOR, Gas EOR and Chemical EOR. The oil production from EOR in 2012 was ~ and showcased a CAGR of 36.6% during 2008-2013. In Asia Pacific and Europe and Eurasia region, the petroleum resources had R/P ratios of ~ years and ~ years, respectively in 2013 which signifies the importance of further oil exploration into greater depths and mature reservoirs. In 2009, the global EOR oil production across the world was led by the US which had ~% share of total ~ billion barrels of oil production from EOR. In 2013, the Middle East region had ~ billion tons of potential oil volume available to be recovered from EOR methods.
The major characteristics of Global EOR industry solely depends on the portfolio of mature oil reservoirs and unconventional petroleum reserves existing in important potential regions and the respective investments into the establishments of EOR projects. As of 2013, on the basis of EOR activities, Chevron, Husky Energy, Lukoil, BP and Petronas hold a major share among major EOR activities worldwide.
The outlook for Global EOR industry is expected to be positive as crude oil demand from Non-OECD countries is expected to reach ~ million barrels per day by 2018 which will drive the petroleum industry to look forward to EOR methods for increasing the oil production rate. The crude oil prices also became an important variable affecting the EOR industry globally as the price realization of deploying tertiary recovery methods such as EOR have different impacts as compared to normal primary and secondary methods of oil recovery. The global refining capacities will also drive the EOR industry as the demand for fuel products such as gasoline and diesel will go up as the emerging economies of world escalates in terms of population and energy demand. The combination of several parameters such as government policy, environmental regulations, emergence of carbon dioxide EOR methods, competition from natural gas as fuel alternative, would be the key points to focus on planning strategic growth of the Global EOR industry.
KEY TOPICS COVERED IN THE REPORT
- Market Size on the basis of oil production from EOR, Oil volume potential for EOR, Market value of EOR and by potential market value in terms of oil recovery through EOR methods.
- Market Segmentation on the basis of Reserve-to-Production ratio of regions, by EOR projects in different countries and by oil volume potential for EOR by Regions.
- Future outlook and projections for Global EOR industry.
- Competitive Landscape of Major Service Providers to Global EOR industry.
- Company profile of Major Players in Global EOR industry with business overview and EOR Activities
- Growth Drivers and Challenges for Global EOR Industry in terms of historic trends and future developments.
- Snapshot of Major EOR projects in the world
Read the full report: http://www.reportlinker.com/p02478639-summary/view-report.html
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