DUBLIN, Oct. 18, 2018 /PRNewswire/ --
The "Enhanced Oil Recovery: Technologies and Global Markets" report has been added to ResearchAndMarkets.com's offering.
This Research analyzes the industry on a worldwide basis in terms of its manufacturing and the deployment of its technologies or products. The research also examines government roles in support of EOR technologies worldwide, including regulatory support, government requirements and promotional incentives for various EOR technologies as relevant and available. This report provides a review of the most relevant EOR technologies, discusses recent trends in capacity installation and unit sales, and provides industry overviews and market assessments for each EOR technology.
Enhanced oil recovery (EOR) has been overshadowed by unconventional extraction techniques such as horizontal drilling and hydro fracture, but nonetheless remains a significant toolset in the portfolio of available extraction technologies. These technologies support continued growth in oil production across the world, even where the hydro fracture is not applied, and where aging oil fields grow increasingly depleted.
Global EOR deployment has reduced in the wake of low oil prices in 2015 and further dropped to the lowest in 2016, resulting in a significant decrease in global oil extraction and production activities from the major Oil and Gas companies in private and public sectors. This unanticipated drop in crude oil prices had slowed EOR developments in comparison to prior development rates and projections. Nonetheless, EOR technologies in most areas globally continue to grow since 2017, and some specific technologies are flourishing and gaining popularity, especially carbon dioxide flooding with the highest adoption rates.
The EOR technologies vary considerably, however, from country to country, where a specific EOR technology may be highly viable and developing rapidly in one country or region, but stagnant or even declining in another due to the availability of investments, raw materials, technologies, and the geographic location. Variability is driven by differences in formation characteristics as well as regulatory and economic variability, which have in some places coalesced to support strong markets. In other areas, while actions by the Organization of Petroleum Exporting Countries (OPEC) have helped to stabilize oil prices, lower oil prices still represent critical factors, and can substantially dampen select categories of new EOR deployment across the world.
The Oil & Gas industry growth since 2017 had highlighted several key features to the world market for EOR technologies.
First, EOR is no longer being sustained by persistently high oil prices, meaning that EOR providers must increase their efficiency to stay profitable; this has caused troubled roads for more costly efforts such as steam assisted gravity drainage (SAGD) in their effort to remain viable.
Second, while the recent blossoming of unconventional oil production, especially in the United States, has caused an oil price drop, lower oil prices have in some regions led to the reinstatement of tax exemptions and other incentives, which tend to support EOR development.
Third, EOR markets are beginning to gain traction even with major several major oil-producing nations that have historically relied only on primary and secondary extraction.
Finally, with respect to concerns over climate change and greenhouse gas emissions, the advancement of carbon dioxide based EOR is linking GHG emissions reduction to oil production, opening the door for increased deployment of EOR in countries with concerns over their GHG emissions.
The Report Includes:
- An overview of the global market for enhanced oil recovery (EOR) technologies that are deployed for increasing productivity in the oil fields
- Analyses of global market trends with data from 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Segmentation of the EOR technologies' market by categories including steam flooding, in-situ combustion, chemical flooding, hydrocarbon gas flooding, nitrogen gas flooding, and carbon dioxide flooding
- Marketing assessment of EOR technologies as essential tools with an ability to reduce a country's or a region's dependence on oil imports, thereby help to achieve greater energy independence and security
- Coverage of the all viable EOR technologies along with their installation and operation including various products and components such as injection pumps, wellheads, specialized well tubing, chemical feeder systems, air separation units, gas compressors, blowers, steam generators, specialized storage vessels, gas recapture and separation systems, and various other equipment and facilities
- Discussion of the most recent government, industry, and academic data regarding the amount of oil in place that potentially can be extracted via EOR
- Information on governments' roles in support of EOR technologies worldwide, including regulatory support, government requirements, and promotional incentives for various EOR technologies as relevant and available
- Company profiles of the major players of the market, including AkzoNobel, BASF, Dow Chemical Co., Hayward Gordon, Praxair, Rolls-Royce, and TIW Corp.
Key Topics Covered:
Chapter 1 Introduction
- Study Goals and Objectives
- Reasons for Doing This Study
- Intended Audience
- What the Industry is Saying
- Scope of Report
- Worldwide Markets
- Information Sources
- Methodology
- Geographic Breakdown
- Analyst's Credentials
- Custom Research
- Related Reports
Chapter 2 Summary and Highlights
Chapter 3 Overview
- What is Enhanced Oil Recovery?
- History of Enhanced Oil Recovery
- Benefits of Enhanced Oil Recovery
- Drawbacks of Enhanced Oil Recovery
- Enhanced Oil Recovery Technologies and Applications
- Gas Flooding
- Thermal Processes
- Chemical Flooding
- EOR Products and Equipment
- EOR Services and Consultations
- Emerging Technologies
Chapter 4 Regulatory Framework
- North America
- Federal
- Select State-Level Regulation and Incentives
- Canada
- Mexico
- South America
- Brazil
- Trinidad and Tobago
- Venezuela
- Europe
- European Union
- Norway
- United Kingdom
- Middle East and Africa
- South Africa
- The United Arab Emirates
- Asia-Pacific
- Australia
- China
- Indonesia
- Malaysia
Chapter 5 Industry Trends
- Market Dynamics
- Drivers
- Restraints
- Industry Participants in the EOR Value Chain
- Original Equipment Manufacturers/Enhanced Oil Recovery Product Suppliers
- Secondary Component Manufacturers and Fabricators
- Rental Enhanced Oil Recovery Equipment Providers
- Construction Contractors
- Enhanced Oil Recovery Consultants
- Oil Exploration and Production Companies
- Common Factors Influencing Global Demand
- Declining Primary and Secondary Oil Production
- Domestic Energy Security
- Regulation
- Carbon Capture and Sequestration/Storage
- Oil Prices
- Unconventional Oil Extraction and the Future of EOR
- Details on EOR Cost
Chapter 6 Global Market for Enhanced Oil Recovery
- Overview of the Global Enhanced Oil Recovery Technology Market
- North America
- EOR Suitability and Deployment
- Market Values and Projections
- Carbon Dioxide Flooding
- Nitrogen Flooding
- Hydrocarbon Gas Flooding
- Chemical Flooding
- In situ Combustion
- Steam Flooding
- South America
- Market Values and Projections
- Carbon Dioxide Flooding
- Nitrogen Flooding
- Hydrocarbon Gas Flooding
- Chemical Flooding
- In situ Combustion
- Steam Flooding
- Europe
- Market Values and Projections
- Carbon Dioxide Flooding
- Nitrogen Flooding
- Hydrocarbon Gas Flooding
- Chemical Flooding
- In situ Combustion
- Steam Flooding
- Middle East and Africa
- Market Values and Projections
- Carbon Dioxide Flooding
- Nitrogen Flooding
- Hydrocarbon Gas Flooding
- Chemical Flooding
- In situ Combustion
- Steam Flooding
- Asia-Pacific
- Market Values and Projections
- Carbon Dioxide Flooding
- Nitrogen Flooding
- Hydrocarbon Gas Flooding
- Chemical Flooding
- In situ Combustion
- Steam Flooding
Chapter 7 Competitive Landscape
- Market Share Analysis
- Mergers, Acquisitions and Joint ventures
Chapter 8 Company Profiles
- Akzonobel
- Akzonobel Chemicals Inc.
- Ariel
- Air Liquide
- Membrane Systems Dupont Air Liquide (Medal)
- Air Products And Chemicals, Inc.
- BASF
- BASF Construction Polymers Gmbh
- BASF Corp.
- Baker Hughes
- Babcock & Wilcox
- B&W Pgg Canada Corp.
- Bauer
- Bauer Compressors Inc.
- Bornemann
- China National Petroleum Corp.
- China Petroleum Technology & Development Corp.
- Clayton Industries
- Cat Pumps
- Champion Technologies
- Chevron Phillips Chemical
- Caterpillar
- Caterpillar Oil & Gas
- Solar Turbines Inc.
- Cryogenic Industries
- Cameron
- Drilling & Production Systems
- Cyclotech (Subsidiary Of M-I Swaco)
- M-I Swaco
- Denbury Resources
- Dresser-Rand
- Dow Chemical Co. (Merged With Dupont)
- Dupont (Merged With Dow Chemicals)
- Elliott
- Japan Headquarters
- Exxonmobil
- Exxonmobil Gas & Power Marketing
- Eaton
- Eco-Tec
- Flowserve
- FMC Technologies
- General Electric
- Ge Energy
- Ge Oil & Gas
- Generon Innovative Gas Systems
- Gardner Denver
- Gardner Denver Nash
- Guild Associates
- BASF Catalysts Llc
- Hammelmann Gmbh
- Hammelmann Corp.
- Interpump Group
- Hayward Gordon
- Hamon Deltak
- Hamon Corp.
- Halliburton
- U.S. Headquarters
- Industrial Technology Management
- Innovative Steam Technologies
- Aecon Group Headquarters
- Kemira
- Kinder Morgan
- Linde
- Leistritz
- Leistritz Corp.
- Maschinenfabrik Augsburg-Nuremberg (Man) Se
- Regional Headquarters
- Mitsubishi Heavy Industries
- Mitsubishi Heavy Industries America, Inc.
- Membrane Technology Research
- National Oilwell Varco
- Netzsch
- Netzsch Pumps
- Netzsch Pumps North America
- Nooter/Eriksen
- U.S. Headquarters
- Tiw Western Inc.
- Oil Chem Technologies
- Occidental
- Occidental Chemical Corp.
- PQ Corp.
- Petroliam Nasional Berhad
- Praxair
- Premier Energy
- Rolls-Royce
- Siemens
- Siemens Energy
- Siemens Energy Oil & Gas Division
- Sulzer
- Sulzer Pumps
- Solvay Rhodia
- Rhodia Novecare
- Solvay Chemicals Us
- Shell Chemicals
- Shell Chemical Lp
- Snf Group
- Stepan Co.
- Stream-Flo
- Seepex
- TAM International
- Texas Iron Works Corp.
- Tiorco (Nalco)
- Ecolab Usa
- Tei-Struthers Wells
- Thermal Engineering Intl. (Usa) Inc.
- Babcock Power Inc.
- Unitech Asia-Pacific Ltd.
- Unitech Chemicals Zibo Inc.
- UBE
- Tokyo Head Office
- UBE America Inc.
- VOGT Power International Inc.
- Babcock Power Inc.
- Veolia
- Veolia Water Solutions & Technologies
- Vws Westgarth Headquarters
- Weatherford International
- Engineered Chemistry Office
- Engineered Chemistry Office
- Wood Group
- U.S. Corporate Office
- Weir SPM
- Weir Oil & Gas
Chapter 9 Appendix A: Abbreviations of Measurements
Chapter 10 Appendix B: References
List of Tables
Summary Table: Global Market for Enhanced Oil Recovery Technologies, by Region, Through 2023
Table A: List of Global Markets Considered in This Study
Table B: Research Information Sources
Table 1: Enhanced Oil Recovery Technologies, by Type
Table 2: Enhanced Oil Recovery Industry, by Company Types
Table 3: Example of EOR Cost Variation for CO2-EOR in the U.S.
Table 4: Global Market for Enhanced Oil Recovery, by Region, Through 2023
Table 5: Global Market for Enhanced Oil Recovery, by Technology, Through 2023
Table 6: North American Market for Carbon Dioxide Flooding, by Country, Through 2023
Table 7: North American Market for Nitrogen Flooding, by Country, Through 2023
Table 8: North American Market for Hydrocarbon Gas Flooding, by Country, Through 2023
Table 9: North American Market for Chemical Flooding, by Country, Through 2023
Table 10: North American Market for In Situ Combustion, by Country, Through 2023
Table 11: North American Market for Steam Flooding, by Country, Through 2023
Table 12: South American Market for Carbon Dioxide Flooding, by Country, Through 2023
Table 13: South American Market for Hydrocarbon Gas Flooding, by Country, Through 2023
Table 14: South American Market for Chemical Flooding, by Country, Through 2023
Table 15: South American Market for In Situ Combustion, by Country, Through 2023
Table 16: South American Market for Steam Flooding, by Country, Through 2023
Table 17: European Market for Carbon Dioxide Flooding, by Country, Through 2023
Table 18: European Market for Hydrocarbon Gas Flooding, by Country, Through 2023
Table 19: European Market for Chemical Flooding, by Country, Through 2023
Table 20: European Market for In Situ Combustion, by Country, Through 2023
Table 21: European Market for Steam Flooding, by Country, Through 2023
Table 22: Middle Eastern and African Markets for Carbon Dioxide Flooding, by Country, Through 2023
Table 23: Middle Eastern and African Markets for Hydrocarbon Gas Flooding, by Country, Through 2023
Table 24: Middle Eastern and African Markets for Chemical Flooding, by Country, Through 2023
Table 25: Middle Eastern and African Markets for Steam Flooding, by Country, Through 2023
Table 26: Asia-Pacific Market for Carbon Dioxide Flooding, by Country, Through 2023
Table 27: Asia-Pacific Market for Hydrocarbon Gas Flooding, by Country, Through 2023
Table 28: Asia-Pacific Market for Chemical Flooding, by Country, Through 2023
Table 29: Asia-Pacific Market for In Situ Combustion, by Country, Through 2023
Table 30: Asia-Pacific Market for Steam Flooding, by Country, Through 2023
Table 31: Mergers, Acquisitions and Joint Ventures, 1921-2017
Table 32: AkzoNobel Company Overview
Table 33: Ariel Company Overview
Table 34: Air Liquide Company Overview
Table 35: Air Products Company Overview
Table 36: BASF Company Overview
Table 37: Baker Hughes Company Overview
Table 38: Babcock & Wilcox Company Overview
Table 39: Bauer Company Overview
Table 40: Bornemann Company Overview
Table 41: China National Petroleum Corp. Company Overview
Table 42: Clayton Industries Company Overview
Table 43: Cat Pumps Company Overview
Table 44: Champion Technologies Company Overview
Table 45: CPChem Company Overview
Table 46: Caterpillar Company Overview
Table 47: Cryogenic Industries Company Overview
Table 48: Cameron Company Overview
Table 49: Cyclotech Company Overview
Table 50: Denbury Resources Company Overview
Table 51: Dresser-Rand Company Overview
Table 52: Dow Chemical Co. Company Overview
Table 53: DuPont Company Overview
Table 54: Elliott Company Overview
Table 55: ExxonMobil Company Overview
Table 56: Eaton Company Overview
Table 57: Eco-Tec Company Overview
Table 58: Flowserve Company Overview
Table 59: FMC Technologies Company Overview
Table 60: General Electric Company Overview
Table 61: Generon Innovative Gas Systems Company Overview
Table 62: Gardner Denver Company Overview
Table 63: Guild Associates Company Overview
Table 64: Hammelmann Company Overview
Table 65: Hayward Gordon Company Overview
Table 66: Hamon Deltak Company Overview
Table 67: Halliburton Company Overview
Table 68: Industrial Technology Management Company Overview
Table 69: IST Company Overview
Table 70: Kemira Company Overview
Table 71: Kinder Morgan Company Overview
Table 72: Linde Company Overview
Table 73: Leistritz Company Overview
Table 74: MAN Company Overview
Table 75: Mitsubishi Heavy Industries Company Overview
Table 76: Membrane Technology Research Company Overview
Table 77: National Oilwell Varco Company Overview
Table 78: NETZSCH Company Overview
Table 79: Nooter/Eriksen Company Overview
Table 80: Oil Chem Technologies Company Overview
Table 81: Occidental Company Overview
Table 82: PQ Corp. Company Overview
Table 83: PETRONAS Company Overview
Table 84: Praxair Company Overview
Table 85: Premier Energy Company Overview
Table 86: Rolls-Royce Company Overview
Table 87: Siemens Company Overview
Table 88: Sulzer Company Overview
Table 89: Solvay Rhodia Company Overview
Table 90: Shell Chemicals Company Overview
Table 91: SNF Group Company Overview
Table 92: Stepan Co. Overview
Table 93: Stream-Flo Company Overview
Table 94: Seepex Company Overview
Table 95: TAM Intl. Company Overview
Table 96: TIW Corp. Company Overview
Table 97: Tiorco Company Overview
Table 98: TEi-Struthers Wells Company Overview
Table 99: Unitech Asia-Pacific Ltd. Company Overview
Table 100: UBE Company Overview
Table 101: Vogt Power Company Overview
Table 102: Veolia Company Overview
Table 103: Weatherford Intl. Company Overview
Table 104: Wood Group Company Overview
Table 105: Weir SPM Company Overview
Table 106: Abbreviations of Measurements
List of Figures
Summary Figure: Global Market for Enhanced Oil Recovery Technologies, by Region, 2017-2023
Figure 1: Historic Production as Enhanced by Non-Thermal EOR
Figure 2: Global Crude Oil Proven Reserves, 1995-2017
Figure 3: EOR Market: Value Chain
Figure 4: Global Market for Enhanced Oil Recovery, by Region, 2017-2023
Figure 5: Global Market for Enhanced Oil Recovery, by Technology, 2017-2023
Figure 6: Oil Fields Supporting CO2-EOR in the U.S. and Canada
Figure 7: U.S. Government Survey* on Oil Fields Known to be Favorable to CO2-EOR and Existing U.S. CO2 Pipeline Projects
Figure 8: Canadian Oil Sands Deposits
Figure 9: North American Market for Carbon Dioxide Flooding, by Country, 2017-2023
Figure 10: North American Market for Nitrogen Flooding, by Country, 2017-2023
Figure 11: North American Market for Hydrocarbon Gas Flooding, by Country, 2017-2023
Figure 12: North American Market for Chemical Flooding, by Country, 2017-2023
Figure 13: North American Market for In Situ Combustion, by Country, 2017-2023
Figure 14: North American Market for Steam Flooding, by Country, 2017-2023
Figure 15: South American Market for Carbon Dioxide Flooding, by Country, 2017-2023
Figure 16: South American Market for Hydrocarbon Gas Flooding, by Country, 2017-2023
Figure 17: South American Market for Chemical Flooding, by Country, 2017-2023
Figure 18: South American Market for In Situ Combustion, by Country, 2017-2023
Figure 19: South American Market for Steam Flooding, by Country, 2017-2023
Figure 20: European Market for Carbon Dioxide Flooding, by Country, 2017-2023
Figure 21: European Market for Hydrocarbon Gas Flooding, by Country, 2017-2023
Figure 22: European Market for Chemical Flooding, by Country, 2017-2023
Figure 23: European Market for In Situ Combustion, by Country, 2017-2023
Figure 24: European Market for Steam Flooding, by Country, 2017-2023
Figure 25: Current and Future Potential CO2-EOR and Other EOR Projects in the Middle East
Figure 26: Middle Eastern and African Markets for Carbon Dioxide Flooding, by Country, 2017-2023
Figure 27: Middle Eastern and African Markets for Hydrocarbon Gas Flooding, by Country, 2017-2023
Figure 28: Middle Eastern and African Market for Steam Flooding, by Country, 2017-2023
Figure 29: Asia-Pacific Market for Carbon Dioxide Flooding, by Country, 2017-2023
Figure 30: Asia-Pacific Market for Hydrocarbon Gas Flooding, by Country, 2017-2023
Figure 31: Asia-Pacific Market for Chemical Flooding, by Country, 2017-2023
Figure 32: Asia-Pacific Market for In Situ Combustion, by Country, 2017-2023
Figure 33: Asia-Pacific Market for Steam Flooding, by Country, 2017-2023
Figure 34: Global Market Share for Enhanced Oil Recovery, by Company, 2017
Companies Mentioned
- Air Liquide
- Air Products And Chemicals, Inc.
- Akzonobel
- Ariel
- Babcock & Wilcox
- Baker Hughes
- BASF
- Bauer
- Bornemann
- Cameron
- CAT Pumps
- Caterpillar
- Champion Technologies
- Chevron Phillips Chemical
- China National Petroleum Corp.
- Clayton Industries
- Cryogenic Industries
- Cyclotech (Subsidiary Of M-I Swaco)
- Denbury Resources
- Dow Chemical Co. (Merged With Dupont)
- Dresser-Rand
- Dupont (Merged With Dow Chemicals)
- Eaton
- Eco-Tec
- Elliott
- Exxonmobil
- Flowserve
- FMC Technologies
- Gardner Denver
- General Electric
- Generon Innovative Gas Systems
- Guild Associates
- Halliburton
- Hammelmann Gmbh
- Hamon Deltak
- Hayward Gordon
- Industrial Technology Management
- Innovative Steam Technologies
- Kemira
- Kinder Morgan
- Leistritz
- Linde
- Maschinenfabrik Augsburg-Nuremberg (Man) Se
- Membrane Technology Research
- Mitsubishi Heavy Industries
- National Oilwell Varco
- Netzsch
- Nooter/Eriksen
- Occidental
- Oil Chem Technologies
- Petroliam Nasional Berhad
- PQ Corp.
- Praxair
- Premier Energy
- Rolls-Royce
- Seepex
- Shell Chemicals
- Siemens
- SNF Group
- Solvay Rhodia
- Stepan Co.
- Stream-Flo
- Sulzer
- TAM International
- TEI-Struthers Wells
- Texas Iron Works Corp.
- Tiorco (Nalco)
- UBE
- Unitech Asia-Pacific Ltd.
- Veolia
- VOGT Power International Inc.
- Weatherford International
- Weir SPM
- Wood Group
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