PPT for Enhanced Oil Recovery Market

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Enhanced Oil Recovery Market Share and Forecast
2017-2024
Enhanced Oil Recovery Market Size, Industry
Analysis Report, Regional Outlook (U.S., Canada,
Mexico, UK, Norway, Russia, China, Indonesia,
India, Australia, Saudi Arabia, UAE, Kuwait,
Algeria, Egypt, Brazil, Venezuela), Application
Development, Competitive Market Share Forecast,
2017 - 2024
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Global Market Scenario of Enhanced Oil Recovery

• Global enhanced oil recovery market size is
  projected to witness significant growth over the
  forecast period due to increasing demand of crude
  oil across developing countries.
• It has been anticipated that during the forecast
  period the import of crude oil will experience
  exponential growth across non-producing regions
  which will further enhance the business size.
• Primary or natural recovery only enables 20-25
  of original oil in place to travel to the surface
  on its own while rest trapped oil is produced
  through EOR methods.
• Favorable government strategies and regulations
  will complement the global enhanced oil recovery
  market to expand substantially over the forecast
  period.
• Countries including the U.S., China, Russia and
  Norway are inclined to improve their annual
  production which include production by EOR
  methods.

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• Product Analysis-
• Based on injection fluid, global enhanced oil
  recovery market is segmented into thermal
  recovery, gas injection and chemical injection.
  Gas injection is projected to witness significant
  growth over the forecasted timeframe owing to the
  CO2 or nitrogen injection in the reservoir thus
  limiting the harmful emissions. Chemical
  injection and thermal recovery are projected to
  observe moderate growth over the forecast period
  subject to their reservoir penetration and
  ability to lift high viscosity product to the
  surface.
• Regional Trends-
• U.S. enhanced oil recovery market is anticipated
  to observe significant growth due to growing
  number of stripper wells across the country. Low
  crude oil prices forcing investors to increase
  life of the residual oil from these stripper
  wells influencing EOR processes. In 2015, over
  11 and 8 of the OG production had come from
  the stripper wells.
• UK enhanced oil recovery market shall see a high
  potential growth over the forecast period. The
  projects operating in UK continental shelf has
  large potential for carbon capture storage (CCS)
  followed by EOR operations. In 2016, the Oil and
  Gas Authority (OGA) of UK launched an EOR
  Delivery Program to provide strategic
  commissioning of existing and future EOR projects
  by 2021 and simultaneously produce over 250
  million barrels of oil equivalent over next
  decade.

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• Competitive Trends
• Enhanced oil recovery market includes key players
  such as ExxonMobil, Whiting Petroleum, Royal
  Dutch Shell, China Petroleum Chemical, Chevron
  Phillips Chemical Company, BP, Petroleo
  Brasileiro, Lukoil and Cenovus Energy. The market
  is partially consolidated in nature and has less
  number of small scale players. The leading
  companies rely on regional providers to increase
  their share and geographical existence in the
  market. Agreements, joint ventures and contracts
  are the major advances observed across the
  industry.

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