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  5. > North American Thermal Enhanced Oil Recovery Market 

North American Thermal Enhanced Oil Recovery Market 

  • February 2016
  • -
  • Frost & Sullivan
  • -
  • 43 pages

North American Thermal Enhanced Oil Recovery Market : Substantial Investment in Oil Sands and Development in New Technology will Drive the Market

This research provides a detailed analysis of the North American thermal enhanced oil recovery market. The study covers an historical and a forecast of crude oil production using various thermal enhanced oil recovery methods in both the United States and Canada. The study only covers the steam injection method, steam-assisted gravity drainage method, and a few other methods such as solar enhanced oil recovery. A brief overview of the solar enhanced oil recovery method is included, which is one step towards a sustainable use of energy in this market. A detailed economic feasibility analysis for steam injection and in-situ combustion technique is an integral part of this report.

Key Findings

The North American thermal enhanced oil recovery (EOR) market is mainly driven by heavy oil production in California and oil sands extraction in Alberta, Canada.
- The North American thermal EOR market is expected to grow from Million barrels per day (mbpd) in 2012 to mbpd by 2022, at a CAGR of %.
- In terms of percentage, steam-assisted gravity drainage (SAGD) will be the highest contributor, followed by steam injection. Other thermal EOR methods will contribute the least because of their nascent developmental stage.
- Production from other thermal EOR methods is expected to increase marginally from barrels per day (bpd) in 2015 to bpd by 2022.
- While major projects in other EOR methods use older technologies or technologies related to those used in mainstream thermal EOR, projects such as solar EOR tend to be much smaller in scale.
- In the United States, California is the only state that contributes % of the thermal EOR, and is even greater in terms of production, accounting for % of the US market.
- Most thermal projects in California use the popular steam injection technique; however, despite using this technique, production has declined consistently since 1986.
The steam injection market is expected to show a low growth rate of %, and production is expected to increase by mbpd by 2022.
- Canada has invested more than $ Billion in oil sands in the past years. An estimated % of the remaining deep oil will be extracted using in-situ techniques such as SAGD and cyclic steam stimulation (CSS).
- The SAGD market is expected to show a high growth in production, at a CAGR of % from 2015 to 2022, with production increasing from mbpd in 2015 to mbpd by 2022.
- The economics of steam injection EOR mainly depend on the capital expenditure (CAPEX) and operational expenditure (OPEX) used to develop a project; however, other mandatory factors such as recycle costs, taxes, and royalties play a significant role in deciding the net margin.
- In steam injection EOR, injection fluid OPEX has the highest contribution of % in the total cost, whereas the CAPEX is only %.
- In the in-situ combustion technique, injection fluid OPEX and other OPEX together account to %, with only % CAPEX investments.
- Oil price is the most crucial deciding factor in determining the breakeven of a project and net margin. With a low oil price, the margin would shrink, and breakeven would be large.

Table Of Contents

North American Thermal Enhanced Oil Recovery Market 
1 EXECUTIVE SUMMARY

Executive Summary
1. Key Findings
2. Key Findings

2 MARKET OVERVIEW

Market Overview
1. Market Overview—Scope and Segmentation
2. Market Overview—Stages of the Oil Extraction Process
3. Market Overview—Definitions
4. Market Overview—Definitions
5. Market Overview—Definitions
6. Market Overview—Definitions
7. Market Overview—Definitions
8. Market Overview—Definitions
9. Key Questions this Study will Answer

3 DRIVERS AND RESTRAINTS—NORTH AMERICAN THERMAL EOR MARKET

Drivers and Restraints—North American Thermal EOR Market
1. Market Drivers
2. Drivers Explained
3. Drivers Explained
4. Drivers Explained
5. Drivers Explained
6. Drivers Explained
7. Market Restraints
8. Restraints Explained
9. Restraints Explained
10. Restraints Explained
11. Restraints Explained
12. Restraints Explained

4 FORECAST AND TRENDS—NORTH AMERICA THERMAL EOR MARKET

Forecast and Trends—North America Thermal EOR Market
1. North American Thermal EOR Market—Production Forecast
2. North American Thermal EOR Market—Production Forecast Discussion
3. North American Thermal EOR Market—Percent Production Forecast by Type
4. North American Thermal EOR Market—Production Forecast by Type
5. North American Thermal EOR Market—Production Forecast by Type Discussion
6. North American Thermal EOR Market—Production Forecast by Type Discussion
7. North America Thermal EOR Market—Production Forecast by Type Discussion
8. North American Thermal EOR Market—Percent Production Forecast by Country
9. North American Thermal EOR Market—Production Forecast by Country
10. North American Thermal EOR Market—Production Forecast: United States
11. North American Thermal EOR Market—Production Forecast Discussion: United States
12. North American Thermal EOR Market—Production Forecast: Canada
13. North American Thermal EOR Market—Production Forecast Discussion: Canada
14. North American Thermal EOR Market—Production Forecast Discussion: Canada

5 FACTORS INFLUENCING CANADIAN OIL SANDS

Factors Influencing Canadian Oil Sands
1. Factors Influencing Canadian Oil Sands

6 ECONOMIC FEASIBILITY ANALYSIS OF THERMAL EOR METHODS

Economic Feasibility Analysis of Thermal EOR Methods
1. Economic Feasibility Analysis Methodology
2. Economic Feasibility Analysis of EOR—Methodology
3. CAPEX and OPEX Distribution by Technology
4. Economic Feasibility Analysis and Discussion
5. Economic Feasibility Analysis
6. Economic Feasibility Analysis

7 NEW TECHNOLOGY INNOVATIONS IN THERMAL EOR

New Technology Innovations in Thermal EOR
1. Solar Powered Steam Injection Enhanced Oil Recovery
2. Advantages of Solar Powered Thermal EOR
3. Advantages of Solar Powered Thermal EOR

8 CONCLUSION

Conclusion
1. Conclusion
2. Legal Disclaimer

9 APPENDIX

Appendix
1. Abbreviations and Acronyms Used

10 THE FROST and SULLIVAN STORY

The Frost and Sullivan Story
1. The Frost and Sullivan Story
2. Value Proposition: Future of Your Company and Career
3. Global Perspective
4. Industry Convergence
5. 360º Research Perspective
6. Implementation Excellence
7. Our Blue Ocean Strategy

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