[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Enhanced Oil Recovery Market Size, Share & Trends Analysis Report By Technology (Thermal, CO2 Injection, Chemical), By Application (Onshore, Offshore), By Region, And Segment Forecasts, 2022 - 2030

May 2022 | 150 pages | ID: E61D6E5D23AEN
Grand View Research, Inc.

US$ 5,950.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
This report can be delivered to the clients within 8 Business Days

Enhanced Oil Recovery Market Growth & Trends

The global enhanced oil recovery market size is expected to reach USD 76.78 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.8% from 2022 to 2030. A growing number of aging wells witnessing declining production rates, coupled with rising government investment in research and development activities, is likely to drive the market for enhanced oil recovery (EOR) over the forecast period.

Increasing technological advancements are enabling E&P companies to revive old wells and thus attain optimum production. This trend is estimated to positively influence the EOR industry landscape. The increasing number of mature wells and significant investment in R&D activities for new technology development by various market players to improve the oil recovery process are expected to fuel the growth of the industry.

Industry participants enter into several strategic collaborations, mergers & acquisitions, and joint ventures in order to expand their foothold across various regional markets and develop economic technologies. The technologies used in EOR are mostly in-housed by the companies. To further reduce the overall operational costs, market players procure raw materials such as nitrogen, carbon dioxide, polymer, and others from small-scale regional players.

The COVID-19 pandemic has severely disrupted the oil and gas market with drastically plummeting oil prices resulting in delayed drilling projects. The demand for crude oil is anticipated to drop further due to reduced industrial activity and transport due to COVID-19. These factors are expected to negatively affect the growth of the market in the near future.

Enhanced Oil Recovery Market Report Highlights
  • The thermal technology segment occupied the largest revenue share in 2021. Thermal technology lowers the oil viscosity and increases its mobility ratio, thereby enhancing the oil recovery process
  • The CO2 injection technology segment is anticipated to be the fastest-growing segment over the forecast period owing to its eco-friendly nature of reducing carbon emissions by utilizing the emissions for refineries and coal-based power plants
  • The onshore application segment occupied the largest revenue share in 2021 owing to the significant presence of onshore exploration and production projects across the world, along with lower conventional extraction costs for onshore oilfields
  • North America accounted for the largest revenue share in 2021 owing to the presence of a large number of existing and new EOR projects under operation across the region in countries such as the U.S. and Canada
  • Asia Pacific is expected to witness the fastest growth over the forecast period owing to the rise in EOR activities expected in Asian countries such as China, Malaysia, Indonesia, and India

CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

CHAPTER 3. ENHANCED OIL RECOVERY MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Lineage Outlook
  3.1.1. Global Oil & Gas Market Overview
3.2. Penetration and Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.4. Technology Overview
  3.4.1. Technology Trends
3.5. Regulatory Framework
  3.5.1. Policies and Plans by Major Countries
  3.5.2. Standards & Compliances
3.6. Market Dynamics
  3.6.1. Market Driver Analysis
    3.6.1.1. Increasing number of matured wells
    3.6.1.2. Investment in R&D for developing new resources
  3.6.2. Market Restraint Analysis
    3.6.2.1. Fluctuation in oil prices
3.7. Business Environment Analysis: Enhanced Oil Recovery Market
  3.7.1. Industry Analysis - Porter’s
    3.7.1.1. Supplier Power
    3.7.1.2. Buyer power
    3.7.1.3. Threat of substitutes
    3.7.1.4. Threat of new entrants
    3.7.1.5. Competitive rivalry
  3.7.2. PESTEL Analysis
    3.7.2.1. Political Landscape
    3.7.2.2. Economic Landscape
    3.7.2.3. Social Landscape
    3.7.2.4. Technological Landscape
    3.7.2.5. Environmental Landscape
    3.7.2.6. Legal Landscape
3.8. Impact of COVID-19 on Enhanced Oil Recovery Market

CHAPTER 4. ENHANCED OIL RECOVERY MARKET TECHNOLOGY OUTLOOK

4.1. Technology Movement Analysis & Market Share, 2021 & 2030
4.2. Market Size Estimates & Forecasts and Trend Analysis, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million)
4.3. Thermal
  4.3.1. Market Estimates and forecasts by region, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million)
4.4. CO2 Injection
  4.4.1. Market Estimates and forecasts by region, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million)
4.5. Chemical
  4.5.1. Market Estimates and forecasts by region, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million)
4.6. Others
  4.6.1. Market Estimates and forecasts by region, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million)

CHAPTER 5. ENHANCED OIL RECOVERY MARKET APPLICATION OUTLOOK

5.1. Application Movement Analysis & Market Share, 2021 & 2030
5.2. Market Size Estimates & Forecasts and Trend Analysis, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million)
5.3. Onshore
  5.3.1. Market Estimates and forecasts by region, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million)
5.4. Offshore
  5.4.1. Market Estimates and forecasts by region, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million)

CHAPTER 6. ENHANCED OIL RECOVERY MARKET REGIONAL OUTLOOK

6.1. Regional Movement Analysis & Market Share, 2021 & 2030
6.2. Market Size Estimates & Forecasts and Trend Analysis, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million)
6.3. North America
  6.3.1. Market estimates and forecasts by technology, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
  6.3.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
  6.3.3. U.S.
    6.3.3.1. Market estimates and forecasts by technology, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
    6.3.3.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
  6.3.4. Canada
    6.3.4.1. Market estimates and forecasts by technology, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
    6.3.4.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
6.4. Europe
  6.4.1. Market estimates and forecasts by technology, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
  6.4.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
  6.4.3. Russia
    6.4.3.1. Market estimates and forecasts by technology, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
    6.4.3.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
  6.4.4. U.K.
    6.4.4.1. Market estimates and forecasts by technology, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
    6.4.4.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
6.5. Asia Pacific
  6.5.1. Market estimates and forecasts by technology, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
  6.5.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
  6.5.3. China
    6.5.3.1. Market estimates and forecasts by technology, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
    6.5.3.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
  6.5.4. India
    6.5.4.1. Market estimates and forecasts by technology, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
    6.5.4.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
6.6. Central and South America
  6.6.1. Market estimates and forecasts by technology, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
  6.6.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
  6.6.3. Brazil
    6.6.3.1. Market estimates and forecasts by technology, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
    6.6.3.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
6.7. Middle East and Africa
  6.7.1. Market estimates and forecasts by technology, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
  6.7.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
  6.7.3. Oman
    6.7.3.1. Market estimates and forecasts by technology, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
    6.7.3.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
  6.7.4. Saudi Arabia
    6.7.4.1. Market estimates and forecasts by technology, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)
    6.7.4.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, Million bbl, Revenue, USD Million, 2019 - 2030)

CHAPTER 7. COMPETITIVE ANALYSIS

7.1. Key Global Players & Recent Developments & Their Impact On The Industry
7.2. Vendor Landscape
  7.2.1. List of Key Distributors and Channel Partners
  7.2.2. Company Market Position Analysis

CHAPTER 8. COMPANY PROFILES

8.1. ExxonMobil Corporation
  8.1.1. Company Overview
  8.1.2. Financial performance
  8.1.3. Flywheel Type benchmarking
  8.1.4. Strategic Initiatives
8.2. BP plc
  8.2.1. Company Overview
  8.2.2. Financial Performance
  8.2.3. Product Benchmarking
  8.2.4. Strategic Initiatives
8.3. Total SA
  8.3.1. Company Overview
  8.3.2. Financial Performance
  8.3.3. Product Benchmarking
  8.3.4. Strategic Initiatives
8.4. China Petroleum & Chemical Corporation
  8.4.1. Company Overview
  8.4.2. Financial Performance
  8.4.3. Product Benchmarking
  8.4.4. Strategic Initiatives
8.5. Royal Dutch Shell plc
  8.5.1. Company Overview
  8.5.2. Financial Performance
  8.5.3. Product Benchmarking
  8.5.4. Strategic Initiatives
8.6. Chevron Corporation
  8.6.1. Company Overview
  8.6.2. Financial Performance
  8.6.3. Product Benchmarking
  8.6.4. Strategic Initiatives
8.7. Petr?leo Brasileiro S.A.
  8.7.1. Company Overview
  8.7.2. Financial Performance
  8.7.3. Product Benchmarking
  8.7.4. Strategic Initiatives
8.8. LUKOIL
  8.8.1. Company Overview
  8.8.2. Financial Performance
  8.8.3. Product Benchmarking
  8.8.4. Strategic Initiatives
8.9. Cenovus Energy, Inc.
  8.9.1. Company Overview
  8.9.2. Financial Performance
  8.9.3. Product Benchmarking
  8.9.4. Strategic Initiatives
8.10. Equinor ASA
  8.10.1. Company Overview
  8.10.2. Financial Performance
  8.10.3. Product Benchmarking
  8.10.4. Strategic Initiatives
LIST OF TABLES

1. Global thermal EOR market estimates & forecasts, 2019 - 2030 (Million bbl) (USD Million)
2. Global CO2 injection EOR market estimates & forecasts, 2019 - 2030 (Million bbl) (USD Million)
3. Global chemical EOR market estimates & forecasts, 2019 - 2030 (Million bbl) (USD Million)
4. Global others technologies market estimates & forecasts, 2019 - 2030 (Million bbl) (USD Million)
5. Global EOR market estimates & forecasts in onshore, 2019 - 2030 (Million bbl) (USD Million)
6. Global EOR market estimates & forecasts in offshore, 2019 - 2030 (Million bbl) (USD Million)
7. North America EOR market estimates and forecast, 2019 - 2030 (Million bbl) (USD Million)
8. North America EOR market estimates and forecast, by Technology, 2019 - 2030 (Million bbl) (USD Million)
9. North America EOR market estimates and forecast, by Application, 2019 - 2030 (Million bbl) (USD Million)
10. U.S. EOR market estimates and forecast, 2019 - 2030 (Million bbl) (USD Million)
11. U.S. EOR market estimates and forecast, by Technology, 2019 - 2030 (Million bbl) (USD Million)
12. U.S. EOR market estimates and forecast, by Application, 2019 - 2030 (Million bbl) (USD Million)
13. Canada EOR market estimates and forecast, 2019 - 2030 (Million bbl) (USD Million)
14. Canada EOR market estimates and forecast, by Technology, 2019 - 2030 (Million bbl) (USD Million)
15. Canada EOR market estimates and forecast, by Application, 2019 - 2030 (Million bbl) (USD Million)
16. Europe EOR market estimates and forecast, 2019 - 2030 (Million bbl) (USD Million)
17. Europe EOR market estimates and forecast, by Technology, 2019 - 2030 (Million bbl) (USD Million)
18. Europe EOR market estimates and forecast, by Application, 2019 - 2030 (Million bbl) (USD Million)
19. Russia EOR market estimates and forecast, 2019 - 2030 (Million bbl) (USD Million)
20. Russia EOR market estimates and forecast, by Technology, 2019 - 2030 (Million bbl) (USD Million)
21. Russia EOR market estimates and forecast, by Application, 2019 - 2030 (Million bbl) (USD Million)
22. U.K. EOR market estimates and forecast, 2019 - 2030 (Million bbl) (USD Million)
23. U.K. EOR market estimates and forecast, by Technology, 2019 - 2030 (Million bbl) (USD Million)
24. U.K. EOR market estimates and forecast, by Application, 2019 - 2030 (Million bbl) (USD Million)
25. Asia Pacific EOR market estimates and forecast, 2019 - 2030 (Million bbl) (USD Million)
26. Asia Pacific EOR market estimates and forecast, by Technology, 2019 - 2030 (Million bbl) (USD Million)
27. Asia Pacific EOR market estimates and forecast, by Application, 2019 - 2030 (Million bbl) (USD Million)
28. China EOR market estimates and forecast, 2019 - 2030 (Million bbl) (USD Million)
29. China EOR market estimates and forecast, by Technology, 2019 - 2030 (Million bbl) (USD Million)
30. China EOR market estimates and forecast, by Application, 2019 - 2030 (Million bbl) (USD Million)
31. India EOR market estimates and forecast, 2019 - 2030 (Million bbl) (USD Million)
32. India EOR market estimates and forecast, by Technology, 2019 - 2030 (Million bbl) (USD Million)
33. India EOR market estimates and forecast, by Application, 2019 - 2030 (Million bbl) (USD Million)
34. Central & South America EOR market estimates and forecast, 2019 - 2030 (Million bbl) (USD Million)
35. Central & South America EOR market estimates and forecast, by Technology, 2019 - 2030 (Million bbl) (USD Million)
36. Central & South America EOR market estimates and forecast, by Application, 2019 - 2030 (Million bbl) (USD Million)
37. Brazil EOR market estimates and forecast, 2019 - 2030 (Million bbl) (USD Million)
38. Brazil EOR market estimates and forecast, by Technology, 2019 - 2030 (Million bbl) (USD Million)
39. Brazil EOR market estimates and forecast, by Application, 2019 - 2030 (Million bbl) (USD Million)
40. Middle East & Africa EOR market estimates and forecast, 2019 - 2030 (Million bbl) (USD Million)
41. Middle East & Africa EOR market estimates and forecast, by Technology, 2019 - 2030 (Million bbl) (USD Million)
42. Middle East & Africa EOR market estimates and forecast, by Application, 2019 - 2030 (Million bbl) (USD Million)
43. Oman EOR market estimates and forecast, 2019 - 2030 (Million bbl) (USD Million)
44. Oman EOR market estimates and forecast, by Technology, 2019 - 2030 (Million bbl) (USD Million)
45. Oman EOR market estimates and forecast, by Application, 2019 - 2030 (Million bbl) (USD Million)
46. Saudi Arabia EOR market estimates and forecast, 2019 - 2030 (Million bbl) (USD Million)
47. Saudi Arabia EOR market estimates and forecast, by Technology, 2019 - 2030 (Million bbl) (USD Million)
48. Saudi Arabia EOR market estimates and forecast, by Application, 2019 - 2030 (Million bbl) (USD Million)
LIST OF FIGURES

Fig. 1 Market segmentation & scope
Fig. 2 Enhanced oil recovery value chain analysis
Fig. 3 Marker driver impact analysis
Fig. 4 Market restraint impact analysis
Fig. 5 PORTER’S analysis: Enhanced oil recovery market
Fig. 6 PESTEL Analysis: Enhanced oil recovery market
Fig. 7 Enhanced oil recovery market: Technology movement analysis, 2021 & 2030
Fig. 8 Enhanced oil recovery market: Application movement analysis, 2021 & 2030
Fig. 9 Enhanced oil recovery market: Regional movement analysis, 2021 & 2030
Fig. 10 Enhanced oil recovery market: Company market position analysis


More Publications