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.
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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)
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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
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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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