NEW YORK, Sept. 3, 2015 /PRNewswire/ —
About enhanced oil recovery
Enhanced oil recovery (EOR) is also known as tertiary recovery. It uses various technologies to enhance the production of oil after the recovery from primary and secondary recovery methods and to improve the hydrocarbon mobility within a reservoir and restore the formation pressure. EOR plays a significant role in improving oil production, especially in case of mature oilfields. The primary recovery methods can produce around 10% of the reservoir’s initial oil-in-place while the secondary methods have an oil recovery factor of 20-50%. EOR can extract 30-60% of the oil-in-place.
Technavio’s analysts forecast the global EOR market to grow at a CAGR of 16.93% during 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global EOR market for the period 2015-2019.
Technavio’s report, Global EOR Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.
The report includes a discussion of the key vendors operating in this market.
Key vendors
– ExxonMobil
– Royal Dutch Shell
– Chevron
– BP
– Total
Other prominent vendors
– Canadian Natural Resources
– Cenovus Energy
– China National Petroleum
– ConocoPhillips
– Denbury Resources
– Kinder Morgan
– Lukoil
– Nexen
– Occidental Petroleum
– Petróleos de Venezuela
– Petróleos Mexicanos
– Petrobras
– Petroleum Development Oman
– Suncor Energy
Market driver
– Increase in global oil and gas consumption
– For a full, detailed list, view our report
Market challenge
– High capital investment
– For a full, detailed list, view our report
Market trend
– EOR as a method for carbon sequestration
– For a full, detailed list, view our report
Key questions answered in this report
– What will the market size be in 2019 and what will the growth rate be?
– What are the key market trends?
– What is driving this market?
– What are the challenges to market growth?
– Who are the key vendors in this market space and what is their portfolio matrix?
– What are the market opportunities and threats faced by the key vendors?
– What is the competitive landscape as characterized by geography?
– What are the strengths and weaknesses of the key vendors?
Read the full report: http://www.reportlinker.com/p01930849-summary/view-report.html
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