NEW YORK, Nov. 27, 2014 /PRNewswire/ -- EXECUTIVE
SUMMARY
The report titled 'Global EOR Industry Outlook to 2018 – EOR
Applications in Mature Oil Reserves to Drive the Industry Growth'
provides a comprehensive analysis of the EOR industry in the world
covering various aspects such as market size on the basis of EOR
Market Value, Oil Production from EOR and Oil Volume Potential for
EOR, market segmentation by oil volume potential by regions,
expected trends in the future and future projections of the Global
EOR industry with key growth drivers and challenges impacting the
industry. The report also provides detailed explanation of the
various macro variables and industry factors impacting the growth
of Global EOR industry.
The market for Global EOR industry is driven majorly by crude oil
consumption which in turn depends on the oil production from proved
oil reserves and the recovery rate. These recoverable oil volumes
depend on the applications of EOR methods such as Thermal EOR, Gas
EOR and Chemical EOR. The oil production from EOR in 2012 was ~ and
showcased a CAGR of 36.6% during 2008-2013. In Asia Pacific and Europe and Eurasia region, the petroleum
resources had R/P ratios of ~ years and ~ years, respectively in
2013 which signifies the importance of further oil exploration into
greater depths and mature reservoirs. In 2009, the global EOR oil
production across the world was led by the US which had ~% share of
total ~ billion barrels of oil production from EOR. In 2013, the
Middle East region had ~ billion
tons of potential oil volume available to be recovered from EOR
methods.
The major characteristics of Global EOR industry solely depends on
the portfolio of mature oil reservoirs and unconventional petroleum
reserves existing in important potential regions and the respective
investments into the establishments of EOR projects. As of 2013, on
the basis of EOR activities, Chevron, Husky Energy, Lukoil, BP and
Petronas hold a major share among major EOR activities
worldwide.
The outlook for Global EOR industry is expected to be positive
as crude oil demand from Non-OECD countries is expected to reach ~
million barrels per day by 2018 which will drive the petroleum
industry to look forward to EOR methods for increasing the oil
production rate. The crude oil prices also became an important
variable affecting the EOR industry globally as the price
realization of deploying tertiary recovery methods such as EOR have
different impacts as compared to normal primary and secondary
methods of oil recovery. The global refining capacities will also
drive the EOR industry as the demand for fuel products such as
gasoline and diesel will go up as the emerging economies of world
escalates in terms of population and energy demand. The combination
of several parameters such as government policy, environmental
regulations, emergence of carbon dioxide EOR methods, competition
from natural gas as fuel alternative, would be the key points to
focus on planning strategic growth of the Global EOR industry.
KEY TOPICS COVERED IN THE REPORT
- Market Size on the basis of oil production from EOR, Oil volume
potential for EOR, Market value of EOR and by potential market
value in terms of oil recovery through EOR methods.
- Market Segmentation on the basis of Reserve-to-Production ratio
of regions, by EOR projects in different countries and by oil
volume potential for EOR by Regions.
- Future outlook and projections for Global EOR industry.
- Competitive Landscape of Major Service Providers to Global EOR
industry.
- Company profile of Major Players in Global EOR industry with
business overview and EOR Activities
- Growth Drivers and Challenges for Global EOR Industry in terms of
historic trends and future developments.
- Snapshot of Major EOR projects in the world
Read the full report:
http://www.reportlinker.com/p02478639-summary/view-report.html
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