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Enhanced oil recovery (abbreviated EOR) is the implementation of various techniques for increasing the amount of crude oil that can be extracted from an oil field. Enhanced oil recovery is also called tertiary recovery (as opposed to primary and secondary recovery).
Scope of the Report:
This report studies the Enhanced Oil Recovery market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Enhanced Oil Recovery market by product type and applications/end industries.
According to the US Department of Energy, there are three primary techniques for EOR: thermal recovery, gas injection, and chemical injection. Sometimes the term quaternary recovery is used to refer to more advanced, speculative, EOR techniques. Using EOR, 30 to 60 percent, or more, of the reservoir's original oil can be extracted, compared with 20 to 40 percent using primary and secondary recovery.
The global Enhanced Oil Recovery market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Enhanced Oil Recovery.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
- Exxon Mobil
- Royal Dutch Shell
- China Petroleum & Chemical Corporation
- PJSC Lukoil Oil Company
- Praxair Technology
- Petroleo Brasileiro
- Cenovus Energy
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Thermal Recovery Enhanced Oil Recovery
- Gas Injection Enhanced Oil Recovery
- Chemical Injection Enhanced Oil Recovery
Market Segment by Applications, can be divided into