Enhanced Oil Recovery Market Potential Growth, Analysis, Strategies and Forecast 2024
Axiom MRC Published a report on “Enhanced Oil Recovery
Market Report, By Technology, Application and Geography – Global Market Share,
Trend Analysis & Forecast Up To 2024” Oil production is parted into three parts: primary, secondary
and tertiary, which is known as Enhanced Oil Recovery (EOR).
Enhanced Oil Recovery
Market Report Overview:
Primary oil
recovery is limited to hydrocarbons that naturally rise to the surface, or
those that use artificial lift devices, such as pump jacks. Secondary recovery
employs water and gas injection, displacing the oil and driving it to the
surface. The way increase oil production is through the tertiary recovery
method or EOR.
The
global enhanced oil recovery market is estimated and forecasted in terms of
volume (M bbl) and revenue (USD million) generated by the market for the forecast
period up to 2024. An aggregate number of matured fields, as well as rising
need for crude to meet the petroleum product demand, is expected to be the
major drivers for the enhanced oil recovery market.
Enhanced Oil
Recovery Market Segmentation:
By Technology:
Based
on the technology this market is divided into gas, thermal, chemical and
others.
By Application:
Based
on the application the enhanced oil recovery market is segmented into onshore
and offshore.
By Geography:
Basis
of following geographies are North America, Europe, Asia Pacific and Rest of
the World. In North America, thermal recovery now accounts for more than
50% of applied Enhanced oil recovery.
Enhanced Oil
Recovery Leading Partners:
enhanced oil recovery market include, Halliburton, National
Aluminium Company, Total, ConocoPhillips, Schlumberger, Baker Hughes, Statoil,
Occidental Petroleum, Lukoil, Denbury Resources, Exxon Mobil, Royal Dutch
Shell, Praxair Technology, Husky Energy, Wintershall, Cenovus Energy, British
Petroleum, Chevron, Kinder Morgan, China National Petroleum, Titan Oil
Recovery, ADNOC and Canadian Natural Resources.
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market competition, consumer or end users, social media trends etc.
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