0
Upcoming Allied Market Research
2023
Enhanced Oil Recovery Market

Enhanced Oil Recovery Market: Global Opportunity Analysis and Industry Forecast 2023-2030 Market

Report Code: A08325
Pages: NA
Tables: NA
Charts: NA
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

 Enhanced oil recovery (EOR) is the extraction of crude oil chemically, thermally, or physically from an oil field that cannot be extracted otherwise. The EOR method is used when the primary and secondary methods are unproductive; hence, it is called tertiary recovery. Various techniques used in enhanced oil recovery include gas injection, microbial injection, and thermal injection. Tertiary recovery is used for the production of liquid hydrocarbons by using various techniques, which will propel the market growth during the forecast period. The usage of enhanced oil recovery technologies in the offshore basins is expected to boost the market growth, due to the gradual rise in the development of offshore wells in deep and ultra-deep waters in regions such as Gulf of Mexico, North Sea, and South China Sea. However, most of the traditional onshore basins in countries such as Saudi Arabia, China, and Russia have been witnessing declining production rates. As a result, high demand to extract the remaining recoverable hydrocarbons is expected to fuel the need for EOR techniques in the upcoming years.

COVID-19 scenario analysis

The outspread of coronavirus has impacted many oil &gas companies; thus, the demand and price of the crude oil has declined drastically. Moreover, government ban on international travel has reduced the consumption of fuels. The shutdown of factories is further expected to reduce the demand for oil during the forecast period. Similarly, mining activities are suspended to prevent the further spread of the virus. Thus, the outbreak of COVID-19 has a negative impact on the growth of the global enhanced oil recovery market. 

Market scenario analysis

Upsurge in the number of aged wells and increase in demand for oil are the factors expected to fuel the enhanced oil recovery market growth during the forecast period. Rise in demand for oil, presence of large number of oil wells, and increase in imports in the Asia-Pacific region are expected to augment the market growth in the forecast years. Furthermore, enhanced oil recovery market is expected to witness significant growth in regions such as Africa and the Asia-Pacific. Such regions have huge unexplored oil &gas reserves, which are necessary to meet the growing demand for energy. The huge oil reserves in those regions offer lucrative opportunities for market players.

Market trends 

Decreasing production in existing oil fields and increase in number of mature wells are expected to increase the adoption of enhanced oil recovery services. Moreover, technological advancements and improvement in the performance of mining and drilling activities increase the requirement of EOR techniques. The introduction of hybrid systems to reduce the overall cost and microbial EOR methods to reduce environment impact is a recent trend observed, which will boost the market growth during the forecast period.

Market Drivers & Restraints

The major factor driving the growth of the enhanced oil recovery market is surge in demand for oil &gas across the world. Increase in number of oil well and its recovery rates coupled with favorable government policies for suitable infrastructure and technological advancements for the production drive the market during the forecast period. Owing to rise in demand for energy, conventional oil &gas resources are depleting at a faster pace. Therefore, to meet the ever-increasing energy demand, major oil companies are shifting toward unconventional oil &gas reserves for the exploration of shale oil, shale gas, tight oil, tight gas, and coal bed methane, which involves the utilization of enhanced oil recovery. Some of the restraints identified in the enhanced oil recovery market are the fluctuations in oil prices, environmental issues such as brine contamination, and the requirement for high capital for the exploration of oil wells. Moreover, political conflicts in major oil-producing countries, such as Russia, Venezuela, and Iran are expected to hinder the market growth of enhanced oil recovery.

Regional insights

North America is the leader in the global enhanced oil recovery market, and is expected to grow significantly during the forecast period. This is attributed to surge in number of matured wells in the U.S. is the major contributor in the region. Asia-Pacific region is expected to grow at a faster rate during the forecast period. This growth of the market is attributed to increase in industrialization and expansion of the oil & gas industry in this region.

Key benefits of the report

  • This study presents the analytical depiction of the global enhanced oil recovery industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global enhanced oil recovery market share.
  • The current market is quantitatively analyzed to highlight the global Enhanced oil recovery market growth scenario.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Enhanced Oil Recovery Market: Global Opportunity Analysis and Industry Forecast 2020-2027 Report Highlights

Aspects Details
By Technology
  • Thermal
  • Chemical
  • Gas Injection
  • Other
By Product
  • Alkaline Chemicals
  • Surfactants
  • Polymers
  • Foamers
  • Alkali-Surfactant-Polymer (ASP) Formulations
  • Others
By Application
  • Offshore
  • Onshore
By Region
  • North America  (US, Canada, Mexico)
  • Europe  (UK, France, Germany, Spain, Italy, rest of Europe)
  • Asia-Pacific  (China, Japan, India, rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Denbury Resources, Royal Dutch Shell, Chevron, China National Petroleum Corporation, Husky Energy, Lukoil, ADNOC, Halliburton, Kinder Morgan, ConocoPhillips, Wintershall, British Petroleum, Total, Baker Hughes Schlumberger, Exxon Mobil, Statoil, Praxair Technology, Titan Oil Recovery, National Aluminium Company, Occidental Petroleum, Canadian Natural Resources, Cenovus Energy
 

Loading Table Of Content...


 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

Purchase Options

Call or Email Us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Enquiry Now

Purchase Full Report of
Enhanced Oil Recovery Market

Start reading.
This Report and over 71,298+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,690
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Single User
  • $5,820
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Five Users
  • $6,540
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Enterprise
    License/PDF

  • $9,870
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

Related Reports
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time for readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers