Enhanced Oil Recovery: Technologies and Global Markets

Report Highlights

The global market for enhanced oil recovery (EOR) technologies is estimated to increase from $41.0 billion in 2022 to $64.2 billion by 2027, at a compound annual growth rate (CAGR) of 13.1% from 2022 through 2027.

Report Includes

• 88 data tables and 98 additional tables
• An up-to-date review and analysis of the global market for enhanced oil recovery (EOR) technologies
• Analyses of the global market trends, with historic market revenue data for 2020-2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
• In-depth information (facts and figures) on the updated market drivers and challenges impeding the global EOR market, current global scenario, regulatory framework, and common factors influencing global demand for EOR technologies
• Estimation of the actual market size and market forecast for enhanced oil recovery in USD million values, and corresponding market share analysis by technology, application, and region
• Discussion of all viable commercially viable EOR technologies along with their installation, production system and associated operational methods
• Regional market outlook and country specific data and analysis for the U.S., Canada, Mexico, Brazil, Venezuela, Russia, Germany, Turkey, Kazakhstan, Oman, Saudi Arabia, Egypt, Qatar, China, Indonesia, Malaysia, India etc.
• Information on the EOR industry value chain analysis providing a systematic study of key intermediaries involved, with emphasis on major types of end-user industries and disruptions caused by the COVID-19 pandemic and the Russia-Ukraine conflict
• Review of the EOR pricing analysis and applicability of CCUS technologies for enhanced oil recovery industry
• Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
• Profile descriptions of the leading EOR technology solutions companies, including BP plc, China Petroleum & Chemicals Corp., Royal Dutch Shell, ExxonMobil, Petroliam Nasional Bhd (PETRONAS), and Chevron Phillips Chemical (CPChem)

Report Scope

The report discusses different types of EOR technologies like steam flooding, chemical flooding, nitrogen flooding, carbon-dioxide flooding, hydrocarbon flooding and in situ combustion. It offers detailed analysis of EOR technologies and their usage, and the prevalent trends and opportunities in the market. The market values are estimated based on multiple factors and analysis of manufacturers’ revenues. Market dynamics within each industry are identified. Technological advancements and trends are reviewed, and other influences such as economic conditions and standards are discussed. Because this is a global study, BCC Research analyzes domestic and international technological issues and economic considerations.

The market segments of the report are focused on technical and commercial aspects of the EOR in different application segments, such as onshore and offshore applications. The report also discusses the country-wise policy and regulatory framework that the EOR industry operates within in order to maintain the environmental sustainability and to comply with the government regulations.

The report also analyzes the regional markets for EOR. The segments are forecast for 2022 to 2027, with 2021 as a base year. Furthermore, the report offers a competitive scenario of the market, including a detailed analysis of key market players and a list of small and regional market players.

The currency used in this report is U.S. dollars, with market size indicated only in U.S. $millions. For companies reporting their revenue in U.S. dollars, the revenues are taken from their annual reports. For companies that reported their revenue in other currencies, i.e., Euros and Pounds, the average annual currency conversion rate has been used for the particular year to convert the value into U.S. dollars. The conversion rate for each currency conversion is provided in the report.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

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