Visiongain Announces Global Enhanced Oil Recovery (EOR) Market is Set to Grow to $24.2bn in 2017

LONDON, May 21, 2018 (GLOBE NEWSWIRE) -- Visiongain' has launched a new energy report EOR Yearbook 2018: The Ultimate Guide To Enhanced Oil Recovery (EOR). Capex M & Production (bpd) Forecasts For Chemical (Polymer, Surfactant, ASP, Alkali, Miscible, SP, AP), Gas (Carbon Dioxide (CO2 Injection, Nitrogen Injection, Natural Gas Injection), Thermal (Steam Injection (Steam Flood, Cyclic Steam Simulation (CSS)), Steam Assisted Gravity Drainage (SAGD), In-Situ Combustion, Heavy Oil Recovery) Technologies

Enhanced oil recovery (EOR) technologies are used to increase the amount of oil that can be extracted from an oil field after the primary and secondary production stages.

The EOR market is still under stress due to the depressed oil prices. While this is unlikely to recover in the immediate future, the next ten years are still likely to see production and spending increases in most EOR submarkets. Growth rates and the methods employed will vary considerably from country to country.

To request your free report overview please email me today at sara.peerun@visiongain.com or call me on +44 207 5499 987

Many of the world's conventional oil fields have already started the inevitable decline in production rate owing to years of extraction of a finite resource. While unconventional reserves do hold the possibility for enormous oil production levels, they are not found everywhere, and the difficulty in extraction of oil from such reserves means that it is not always feasible to develop them. This means that it is often most beneficial to apply EOR to existing fields to help achieve the maximum recovery rate from each well.

EOR technologies have been in operation for a number of decades, primarily being used to recover more oil from ageing oil fields. However, escalating oil demand in emerging economies, improved technologies, ageing oil fields and a dearth of conventional oil finds helped to drive investments in the market and increase production. As a result of this, thermal, gas and chemical EOR methods are no longer confined to a few select countries. Although the oil price fall has slowed investment in EOR production in some regions (such as North America), companies elsewhere in the world will continue to implement projects to make the most of their existing reserves and meet production targets over the next ten years.

To request your free report overview please email me today at sara.peerun@visiongain.com or call me on +44 207 5499 987

The visiongain report analyst commented, "With increasing global energy demand, ageing oil fields and a dearth of conventional oil finds, enhanced oil recovery techniques are set to play an increasingly important role in the global oil industry over the coming decade. The oil price uncertainty takes its toll on new EOR investments. However, their resilience is strengthened by the fact that EOR methods are no longer confined to a few select countries, with companies throughout the world beginning to implement projects to make the most of their existing reserves."

Leading companies featured in the report who are developing EOR methods include Suncor, ConocoPhillips, Imperial Oil, Cenovus, Chevron, PDVSA, Husky, Sinopec, Occidental, Kinder Morgan, Denbury Resources, Hilcorp Energy, Whiting Petroleum, BlackPearl Resources Inc, China National Petroleum Corporation (CNPC), China National Offshore Oil Corporation (CNOOC) & Canadian Natural Resources (CNRL)

To request your free report overview please email me today at sara.peerun@visiongain.com or call me on +44 207 5499 987

The full list of companies mentioned in this report include:

Companies Listed

Abu Dhabi Company for Onshore Oil Operations (ADCO)

Accelerated Oil Technologies LLC

Aera Energy

Agrium

Air Liquide

Air Products & Chemicals Inc

Alstom

Anadarko

Andora Energy

Anterra Energy Inc

Apache Corporation

Athabasca Oil Corporation

Babcock & Wilcox Canada

Basin Electric Power Cooperative

Bayou State

Bayshore Petroleum

Baytex Energy

Beijing Hengju Chemical Group Corp

Berexco

BlackPearl Resources Inc.

BP

Breitburn Energy

Brion Energy

Cairn Energy

California Resources Corporation

Canadian Natural Resources Limited (CNRL)

Captain Clean Energy

Cenovus

Chaparral Energy

Chesapeake Energy

Chevron

Chevron Canada

China Datang Corporation

China National Offshore Oil Corporation (CNOOC)

China National Petroleum Corporation (CNPC)

China Petroleum and Chemical Corporation (Sinopec)

China Resources Power

Chrysalix Energy Venture Capital

Citgo Petroleum Group

CO2 Deepstore

CO2 Solutions

Coffeyville Resources Nitrogen Fertilizers

Connacher Oil and Gas Limited

ConocoPhillips

Continental Resources

Core Energy

Crescent Point

Denbury Resources

Devon Energy

Don Valley Power

Dongguan Taiyangzhou Power Corporation

Ecopetrol S.A.

Emirates Aluminium (EMAL)

Enhance Energy

Eni

EOG Resources

ExxonMobil

Fleur de Lis Energy

Fluor

Gazprom Neft

GlassPoint

Glencoe Resources

GreenGen Tianjin IGCC Co. Ltd

Harvest Operations

Hess Corporation

Hilcorp Energy

Hitachi

Huntsman

Husky Energy

Husky Oil

Hyak Energy

IESA

Imperial Oil

Japan Canada Oil Sands

Japan Oil, Gas and Metals National Corporation (JOGMEC)

Japan Vietnam Petroleum Co., Ltd (JVPC)

JX Nippon Oil & Gas Exploration Corp.

KBR

Kemira

KGOC

Kinder Morgan

Koch Nitrogen Company

Kuwait Gulf Oil Company

Kuwait Oil Company (KOC)

Kuwait Petroleum Corporation

Laricina Energy

Linn Energy

Liwa Energy

Lukoil

Maha Energy

Marathon Oil

Masdar

Medco Energi

MEG Energy

Merit Energy

Mississippi Power

Murphy Oil

Naftex

NAM

National Grid

Neill and Gunter Ltd.

Nexen

North West Sturgeon refinery

NRG Energy

Nth Power

Occidental Chemical Corporation

Occidental Petroleum

Oil and Natural Gas Corporation Limited (ONGC)

Oil India Ltd

Oman Oil Company

Osum Oil Sands

Pacific Exploration & Production

Pan American Energy

Partex

Pengrowth Energy Corporation

Penn West Exploration

Pertamina

PetraNova

Petro River Oil

Petrobank Energy & Resources

Petrochina

Petroleo Brasileiro S.A. (Petrobras)

Petróleos de Venezuela, S.A. (PDVSA)

Petróleos Mexicanos (PEMEX)

Petroleum Company of Trinidad and Tobago Limited (Petrotrin)

Petroleum Development Oman (PDO)

Petrovietnam

Pioneer Natural Resources

Prosper Petroleum

PT Erraenersi Konstruksindo

PT Multi Structure

Reliance Industries Ltd (RIL)

Rex Energy

Rock Energy

RockPort Capital

Rosneft

Royal Dutch Shell

Sandridge Energy

SaskPower

Saudi Aramco

Schlumberger

Scimitar

Seneca Resources

Shaanxi Yanchang Petroleum Group

Shandong Polymer Bio-Chemicals Co. Ltd

Shell Canada

Shell Oman Marketing Company

Siemens Energy

SKK Migas

SNC Lavalin-Cansolv

SNF Floerger

South West Partnership

Southern Company

Southern Pacific Resources

Statoil

Summit Power Group

Suncor

Sunshine Oil Sands

Talisman

Tatweer Petroleum

Taweelah Asia Power Company (TAPCO)

Total

Touchstone

Turkish Petroleum Corporation (TPAO)

Whiting Petroleum

Wintershall

XTO Energy

Zargon Oil & Gas

To request your free report overview please email me today at sara.peerun@visiongain.com or call me on +44 207 5499 987

Notes for Editors

If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100

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