1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas Market Trends

North American Thermal Enhanced Oil Recovery Market 

  • February 2016
  • 43 pages
  • Frost & Sullivan
Report ID: 3621337

Summary

Table of Contents

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.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Marine Seismic Equipment and Acquisition Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

  • $ 5795
  • Industry report
  • February 2017
  • by Transparency Market Research

Global Marine Seismic Equipment and Acquisition Market: Overview Marine seismic surveys are carried out to generate subsea bottom profiles for industries such as oil & gas, energy, and construction. This ...

Opportunity in Enhanced Oil Recovery in global market - 2017

  • $ 4500
  • Industry report
  • March 2017
  • by Feedback Business Consulting

This report provides insight into the current market scenario, structure and practices. In depth market scenario includes: - Current market size estimate - Revenues by players - Top 5 Companies - Market ...

Global Enhanced Oil Recovery Market- Market Analysis by Geography, By Technology and By Location, Competitive Landscape, Key Company Information - Growth Trends and Forecasts (2017 - 2022)

  • $ 4250
  • Industry report
  • February 2017
  • by Mordor Intelligence LLP

Global Enhanced Oil Recovery Market is expected to increase at a CAGR of 20.4 percent from 2014 to 2022. Enhanced Oil Recovery (EOR), sometimes called tertiary recovery, is implemented to increase the ...


Download Unlimited Documents from Trusted Public Sources

Global Oil And Gas Forecast Statistics

  • May 2017
    10 pages
  • Oil And Gas  

    Oil  

  • Oman  

    United Arab Emi...  

    World  

View report >

Oil And Gas Industry in the US

  • May 2017
    17 pages
  • Oil And Gas  

    Natural Gas  

  • United States  

View report >

Oil And Gas Industry in India - Forecast, Weekly Update

  • May 2017
    7 pages
  • Oil And Gas  

    Logistics And F...  

  • India  

    China  

    Iran  

View report >

Oil Industry

23 days ago

Oil Industry

23 days ago

Related Market Segments :

Enhanced Oil Recovery

ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.