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Published: Feb, 2015 | Pages:
80 | Publisher: Grand View Research
Industry: Energy | Report Format: Electronic (PDF)
Global enhanced oil recovery (EOR) market is expected to reach USD 283 billion by 2020. Growing global energy demand is expected to remain a key driving factor for global EOR market. Rising number of mature oil wells, particularly in the Middle East and Latin America coupled with high productivity yields associated with EOR techniques is also expected to have a positive impact on the market growth over the next six years. Long lead time coupled with volatile crude oil prices is expected to remain a key challenge for market participants. Thermal EOR was the most dominant technology and accounted for 49.9% of total market volume in 2013. Growing demand for high hydrocarbon recovery in low permeability and mature reserves coupled with technological advancements is expected to drive growth in this segment. It is the most conventional EOR technology used today and has reached its maturity level. However, thermal EOR technologies are expected to lose some amount of its share to other high growth technologies such as chemical and gas injection techniques over the forecast period. Chemical EOR technique is estimated to gain market share over the next few years particularly in Asia Pacific and Middle East. Novel techniques coupled with superior characteristics over their counterparts are expected to drive chemical EOR market over the forecast period. Further key findings from the study suggest: Global EOR market was 2,681.6 million barrels in 2013 and is expected to exceed 16,000 million barrels by 2020, growing at a CAGR of 29.9% from 2014 to 2020. North America emerged as the leading regional EOR market and accounted for 36.4% of total market volume in 2013. Depleting productivity in mature reserves coupled with increasing shale plays has been driving EOR market growth in the region over the past decade. Europe is expected to witness significant growth rate of 35.7% over the forecast period owing increasing demand for primary energy along with growing requirement for self-sufficiency in crude oil supplies due to existing geopolitical unrest. Majority of future demand is expected to come from non-OECD countries such as Brazil, Indonesia, Nigeria, Venezuela, China and Russia. Key market participants have patented technologies and have been continually involved in R&D to enhance productivity keeping in mind the environment impacts. Global enhanced oil recovery market is moderately consolidated. Major companies operating in the global market include BP, Chevron, Royal Dutch Shell and Exxon Mobil. Some other companies in the market include Conoco Phillips, Praxair Technology Inc., Nalco Company, China Petroleum & Chemical Corporation, Petronas, Petrobras, Nalco Company, Lukoil and Statoil. For the purpose of this study, Grand View Research has segmented the enhanced oil recovery market on the basis of technology and region: Global Enhanced Oil Recovery (EOR) Technology Outlook (Volume, Million Barrels, Revenue, USD Billion, 2012 - 2020) Thermal Gas Injection Chemical Global Enhanced Oil Recovery (EOR) Regional Outlook (Volume, Million Barrels, Revenue, USD Billion, 2012 - 2020) North America Europe Asia Pacific RoW
Table of Contents
Chapter 1. Executive Summary 1.1. Enhanced Oil Recovery (EOR) - Industry Summary and Critical Success Factors (CSFs) Chapter 2. Enhanced Oil Recovery (EOR) Industry Outlook 2.1. Market Segmentation 2.2. Market Size and Growth Prospects 2.3. EOR Value Chain Analysis 2.4. EOR Market Dynamics 2.4.1. Market driver analysis 2.4.1.1. Infrastructure development 2.4.1.2. Fluctuating oil prices 2.4.1.3. Increasing oil demand and heavy imports in Asia Pacific 2.4.1.4. Depleting oil reserves 2.4.2. Market restraint analysis 2.4.2.1. Huge cost and risk involved 2.5. Key Opportunities Prioritized 2.6. Industry Analysis - Porter's 2.7. EOR Market PESTEL Analysis, 2013 Chapter 3. Enhanced Oil Recovery (EOR)Technology Outlook 3.1. Global EOR Market Share by Technology, 2013 & 2020 3.2. Thermal 3.2.1. Market estimates and forecast, 2012 - 2020, (Million Barrels) (USD Billion) 3.2.2. Market estimates and forecast by region, 2012 - 2020 (Million Barrels) (USD Billion) 3.3. Gas Injection 3.3.1. Market estimates and forecast, 2012 - 2020, (Million Barrels) (USD Billion) 3.3.2. Market estimates and forecast by region, 2012 - 2020 (Million Barrels) (USD Billion) 3.4. Chemical Injection 3.4.1. Market estimates and forecast, 2012 - 2020, (Million Barrels) (USD Billion) 3.4.2. Market estimates and forecast by region, 2012 - 2020 (Million Barrels) (USD Billion) 3.5. Others 3.5.1. Market estimates and forecast, 2012 - 2020, (Million Barrels) (USD Billion) 3.5.2. Market estimates and forecast by region, 2012 - 2020 (Million Barrels) (USD Billion) Chapter 4. Enhanced Oil Recovery (EOR) Regional Outlook 4.1. Global EOR Market Share by Region, 2012-2020 4.2. North America 4.2.1. Market estimates and forecast, 2012 - 2020, (Million Barrels) (USD Billion) 4.2.2. Market estimates and forecast by technology, 2012 - 2020 (Million Barrels) (USD Billion) 4.3. Europe 4.3.1. Market estimates and forecast, 2012 - 2020, (Million Barrels) (USD Billion) 4.3.2. Market estimates and forecast by technology, 2012 - 2020 (Million Barrels) (USD Billion) 4.4. Asia Pacific 4.4.1. Market estimates and forecast, 2012 - 2020, (Million Barrels) (USD Billion) 4.4.2. Market estimates and forecast by technology, 2012 - 2020 (Million Barrels) (USD Billion) 4.5. RoW 4.5.1. Market estimates and forecast, 2012 - 2020, (Million Barrels) (USD Billion) 4.5.2. Market estimates and forecast by technology, 2012 - 2020 (Million Barrels) (USD Billion) Chapter 5. Competitive Landscape 5.1. Exxon Mobil Corporation 5.1.1. Company Overview 5.1.2. Financial Performance 5.1.3. Product Benchmarking 5.1.4. Strategic Initiatives 5.2. BP 5.2.1. Company Overview 5.2.2. Financial Performance 5.2.3. Product Benchmarking 5.2.4. Strategic Initiatives 5.3. China Petroleum & Chemical Corporation 5.3.1. Company Overview 5.3.2. Financial Performance 5.3.3. Product Benchmarking 5.3.4. Strategic Initiatives 5.4. Royal Dutch Shell 5.4.1. Company Overview 5.4.2. Financial Performance 5.4.3. Product Benchmarking 5.4.4. Strategic Initiatives 5.5. Conoco Phillips 5.5.1. Company Overview 5.5.2. Financial Performance 5.5.3. Product Benchmarking 5.5.4. Strategic Initiatives 5.6. Chevron Chemicals 5.6.1. Company Overview 5.6.2. Financial Performance 5.6.3. Product Benchmarking 5.6.4. Strategic Initiatives 5.7. Petronas 5.7.1. Company Overview 5.7.2. Financial Performance 5.7.3. Product Benchmarking 5.7.4. Strategic Initiatives 5.8. Cenovus Energy 5.8.1. Company Overview 5.8.2. Financial Performance 5.8.3. Product Benchmarking 5.8.4. Strategic Initiatives 5.9. Petrobras 5.9.1. Company Overview 5.9.2. Financial Performance 5.9.3. Product Benchmarking 5.9.4. Strategic Initiatives 5.10. Nalco Company 5.10.1. Company Overview 5.10.2. Financial Performance 5.10.3. Product Benchmarking 5.10.4. Strategic Initiatives 5.11. Statoil Asa 5.11.1. Company Overview 5.11.2. Financial Performance 5.11.3. Product Benchmarking 5.11.4. Strategic Initiatives 5.12. Lukoil 5.12.1. Company Overview 5.12.2. Financial Performance 5.12.3. Product Benchmarking 5.12.4. Strategic Initiatives 5.13. Praxair Technology, Inc. 5.13.1. Company Overview 5.13.2. Financial Performance 5.13.3. Product Benchmarking 5.13.4. Strategic Initiatives List of Tables
1. Enhanced oil recovery- Industry Summary & Critical Success Factors (CSFs) 2. Global enhanced oil recovery market estimates and forecast, 2012 - 2020 (Mn Barrels) (USD Bn) 3. Global enhanced oil recovery market volumes estimates and forecast by region, 2012 - 2020 (Mn Barrels) 4. Global enhanced oil recovery market revenue estimates and forecast by region, 2012 - 2020 (USD Bn) 5. Global enhanced oil recovery market volume estimates and forecast by technology, 2012 - 2020 (Mn Barrels) 6. Global enhanced oil recovery market revenue estimates and forecast by technology, 2012 - 2020 (USD Bn) 7. Enhanced oil recovery- Key market driver analysis 8. Enhanced oil recovery- Key market restraint analysis 9. Enhanced oil recovery market estimates and forecast in , 2012 - 2020 (Mn Barrels) (USD Bn) 10. Enhanced oil recovery market estimates and forecast in thermal, 2012 - 2020 (Mn Barrels) (USD Bn) 11. Enhanced oil recovery market volume estimates and forecast in thermal by region, 2012 - 2020 (Mn Barrels) 12. Enhanced oil recovery market revenue estimates and forecast in thermal by region, 2012 - 2020 (USD Bn) 13. Enhanced oil recovery market estimates and forecast in gas injection, 2012 - 2020 (Mn Barrels) (USD Bn) 14. Enhanced oil recovery market volume estimates and forecast in gas injection by region, 2012 - 2020 (Mn Barrels) 15. Enhanced oil recovery market estimates and forecast in gas injection by region, 2012 - 2020 (USD Bn) 16. Enhanced oil recovery market estimates and forecast in chemical injection, 2012 - 2020 (Mn Barrels) (USD Bn) 17. Enhanced oil recovery market volume estimates and forecast in chemical injection by region, 2012 - 2020 (Mn Barrels) 18. Enhanced oil recovery market revenue estimates and forecast in chemical injection by region, 2012 - 2020 (USD Bn) 19. Enhanced oil recovery market estimates and forecast in others, 2012 - 2020 (Mn Barrels) (USD Bn) 20. Enhanced oil recovery market volume estimates and forecast in others by region, 2012 - 2020 (Mn Barrels) 21. Enhanced oil recovery market revenue estimates and forecast in others by region, 2012 - 2020 (USD Bn) 22. North America enhanced oil recovery market estimates and forecast, 2012 - 2020 (Mn Barrels) (USD Bn) 23. North America enhanced oil recovery market volume estimates and forecast by technology, 2012-2020 (Mn Barrels) 24. North America enhanced oil recovery market revenue estimates and forecast by technology, 2012-2020 (USD Bn) 25. Europe enhanced oil recovery market estimates and forecast, 2012 - 2020 (Mn Barrels) (USD Bn) 26. Europe enhanced oil recovery market volume estimates and forecast by technology, 2012-2020 (Mn Barrels) 27. Europe enhanced oil recovery market revenue estimates and forecast by technology, 2012-2020 (USD Bn) 28. Asia Pacific enhanced oil recovery market estimates and forecast, 2012 - 2020 (Mn Barrels) (USD Bn) 29. Asia Pacific enhanced oil recovery market volume estimates and forecast by technology, 2012-2020 (Mn Barrels) 30. Asia Pacific enhanced oil recovery market revenue estimates and forecast by technology, 2012-2020 (USD Bn) 31. RoW enhanced oil recovery market estimates and forecast, 2012 - 2020 (Mn Barrels) (USD Bn) 32. RoW enhanced oil recovery market volume estimates and forecast by technology, 2012-2020 (Mn Barrels) 33. RoW enhanced oil recovery market revenue estimates and forecast by technology, 2012-2020 (USD Bn) List of Figures 1. Enhanced oil recovery market segmentation 2. Global enhanced oil recovery market volume and revenue, 2012 - 2020 3. Global enhanced oil recovery market volumes growth by region, 2012 - 2020 4. Global enhanced oil recovery market volumes growth by technology, 2012 - 2020 5. Enhanced oil recovery- Value Chain Analysis 6. Enhanced oil recovery- Market Dynamics 7. Key Opportunities - Prioritized 8. Enhanced oil recovery- Porter's Analysis 9. Enhanced oil recovery- PESTEL Analysis 10. Global enhanced oil recovery market volume share by technology, 2013 & 2020 11. Global enhanced oil recovery market volume share by region, 2013 & 2020
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