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Enhanced Oil Recovery Market by Technology (Thermal, Gas, Chemical, Microbial and Seismic) and by Applications (Onshore and Offshore) - Global Trend & Forecast to 2019

Enhanced Oil Recovery Market: Forecast until 2019

  • January 2015
  • 154 pages
  • ID: 2661576
In this report:
Thermal EOR method for offshore applications held the largest share of ##.##% in 2013 It is expected to grow from $##,##.## million in 2013 to reach $##,##.## million by 2019.
Thermal EOR activities held the largest market share of ##.##% in 2013 and is expected to reach $##,##.## million by 2019 and it is projected to grow at the fastest CAGR of ##.##% from 2014 to 2019.

Summary

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The growth in demand of enhanced oil recovery fluids for revitalization of aging brown fields for oil & gas production is anticipated to be a main driver for the enhanced oil recovery market. The enhanced oil recovery market is anticipated to grow at a healthy increase rate of 18.20 percent between 2014 and 2019. Chemical EOR is the quickest increasing technology within enhanced oil recovery market across the world and are suitable for all the application areas including onshore and offshore.

The industry was broken down on the basis of application areas, category, and localities in terms of value significance and quantity. The industry segments by application areas contain onshore and offshore. The industry segments for types contain thermal EOR, chemical EOR, gas EOR, and other EOR. The geographic segmentation includes market value and market volume of North America, Asia Pacific (APAC), Europe (EU), South America region, African continent, and Middle East (ME).

The global market size of EOR has been presented in terms of excess production, that is, on the basis of the barrels of oil produced via EOR method. The same is further split on the basis of method used to recover a particular type of oil. The oil prices from authentic sources have been taken into consideration while calculating the market size in terms of value importance of EOR.

The market research offers a full study of main firms and competitive review of developments recorded in the sector during the past five years. In the report market drivers, market restraints, alternatives, and challenges of the market are discussed in detail. The key players in the market including Nalco Company, Praxair technology Inc. Royal Dutch Shell PLC. and FMC Technologies Inc. have been described in this industry report to offer an insight of the competitive scenario in the enhanced oil recovery market. Strategic agreements, contracts, joint ventures (JV), and alliances have been the best strategies approved by leading firms to accommodate the quick changing technologies in the application areas and to rise their share of market. Firms have also adopted strategic expansion and mergers & acquisitions to bridge the existing gaps in their product offerings, the end market requirements, and the geographical constraints. These strategies have been adopted by leading firms to assure retention of considerable market share within the highly fragmented enhanced oil recovery market.

With the emergence of EOR techniques, the operators, NOC's, and IOC's are concentrating on growing efficient well production and revisiting abandoned and aging wells. The main actors of enhanced oil recovery market prefer strategic agreements, contracts, joint ventures (JV), and partnership strategies and mergers & acquisitions to collect a better share in the sector. Leading enhanced oil recovery service providers and manufacturers are focusing on the emerging countries that are projected to show potential for industrial development in the upcoming future.

On the basis of application areas

• Onshore

• Offshore

On the basis of class

On the basis of area

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