Enhanced Oil Recovery: Technologies and Global Markets

 Published On: Jun, 2017 |    No of Pages: 267 |  Published By: BCC Research | Format: PDF
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The global enhanced oil recovery (EOR) market totaled nearly $22.9 billion in 2016 and should total $30.4 billion by 2021, with a five-year compound annual growth rate (CAGR) of 5.9% through 2021.

Report Includes

-An overview of the global market for enhanced oil recovery (EOR) technologies that are implemented to recover crude oil from reservoirs after primary and secondary recovery methods have ceased to be productive enough to continue normal field operations economically.
-Analyses of global market trends, with data from 2015 and 2016, and projections of compound annual growth rates (CAGRs) through 2021.
-Identification of the various EOR products and components, such as injection pumps, wellheads, specialized well tubing, chemical feeder systems, air separation units, gas compressors, blowers, steam generators, specialized storage vessels, and various other equipment and facilities; other important products include oil recovery media such as surfactants, polymers, alkali chemicals, liquid nitrogen, and CO2.
-Discussion of the most recent government, industry, and academic data regarding the amount of oil in place that potentially can be extracted via EOR.
-Examination of governments' roles in support of EOR technologies worldwide, including regulatory support, government requirements, and promotional incentives for various EOR technologies as relevant and available.

Study Goals and Objectives

This report provides an update on findings from a previously completed study from 2013. BCC’s goal in conducting this update was to re-evaluate and describe the current status and potential growth of the global enhanced oil recovery (EOR) industry and the market for associated EOR technologies, in light of current and anticipated future market and oil industry trends. More specifically, the updated study includes the following objectives:

-Summarize existing EOR technologies and promising emerging technologies that are under development.
-Evaluate the existing EOR industry, focusing on the manufacturers and providers of principal components for viable EOR technologies.
-Assess market potential for EOR technologies over a five-year period from 2016 through 2021.

Reasons for Doing This Study

The current market conditions and recent advances in EOR technologies, including industry’s understanding of the effective application of EOR, provide a foundation for continued growth in enhanced oil recovery. Additional costs associated with the services and infrastructure required for EOR technologies may constrain their application. However, further growth in the market for EOR technologies is anticipated due to:

-Their technological maturity.
-Strong representation from a variety of service providers and product suppliers in the global oil industry.
-Extensive industry experience in the application of EOR technologies.
-Their proven efficacy in increasing oil production at oil fields worldwide.
-Need for their use to support continued oil extraction from a growing number of oil fields globally.

Intended Audience

This study reviews EOR technologies, along with relevant market and production information, technological descriptions and issues, applications and market factors, and market potential. It gives an overview of supporting incentives and regulations in the major worldwide markets. This study will be of interest to current and potential manufacturers and suppliers of EOR technologies as well as entrepreneurs and entrepreneurial companies interested in entering or expanding into the EOR technology sector. It will also be of interest to corporate planners and strategists, companies involved in the recovery and production of oil, EOR services providers, EOR rental equipment providers, fossil fuel energy advocacy groups, and other public- and private-sector interest groups and market analysts.

Scope of Report

The scope of this investigation includes all of the major viable EOR technologies that are currently being implemented in the global oil industry. Separate from hydrofracture and tight sands or tight oil extraction are categorized as Improved Oil Recovery (IOR) of which EOR is a subset), EOR was originally developed as a means to extract additional oil from reservoirs after primary and secondary recovery methods ceased to be productive enough to maintain economic field operation. In some cases, the EOR technologies considered in this report may also be applied immediately following initial well drilling. These applications are common for fields where primary and secondary recovery technologies are incapable of producing adequate oil in any phase of an oil field operation.

Installation and operation of EOR technologies can include various products and components such as injection pumps, wellheads, specialized well tubing, chemical feeder systems, air separation units, gas compressors, blowers, steam generators, specialized storage vessels, gas recapture and separation systems, and various other equipment and facilities. Other important products of an EOR technology include oil recovery media such as surfactants, polymers, alkali chemicals, liquid nitrogen and CO2. Although steam and onsite-compressed atmospheric nitrogen are also important oil recovery media, they are not considered EOR technology products within this report as they are supplied at minimal or no direct cost, unlike CO2 or specialized injection chemicals that are supplied to an EOR operation.

The market analysis provided in this report presents region-specific and country-specific market valuation data for each of the EOR technologies considered in this study. These include breakdowns for the following categories:

-Steam Flooding.
-In-Situ Combustion.
-Chemical Flooding.
-Hydrocarbon Gas Flooding.
-Nitrogen Gas Flooding.
-Carbon Dioxide Flooding.

Estimated values in each of these categories are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant US dollars (2017), unadjusted for inflation.

Emerging EOR technologies that may become commercially viable within the next five years are summarized but are not included in the market assessment of this report. BCC analyzes each major viable EOR technology, determines its current market status, examines its impact on future markets and presents forecasts of growth over the next five years. BCC analyzes the industry on a worldwide basis in terms of its manufacturing and the deployment of its technologies or products. BCC also examines government roles in support of EOR technologies worldwide, including regulatory support, government requirements and promotional incentives for various EOR technologies as relevant and available. BCC provides a review of the most relevant EOR technologies, discusses recent trends in capacity installation and unit sales and provides industry overviews and market assessments for each EOR technology.
Chapter- 1: Introduction 8
Study Goals and Objectives
Reasons for Doing This Study
Intended Audience
Scope of Report
Worldwide Markets
Information Sources
Methodology
Geographic Breakdown
Analyst's Credentials
Related BCC Research Reports

Chapter- 2: Summary and Highlights     3 $250
Table Summary : Global Enhanced Oil Recovery Market, by Region, Through 2021
Figure Summary : Global Enhanced Oil Recovery Market, by Region, 2015-2021

Chapter- 3: Overview  24 $742
What Is Enhanced Oil Recovery?
History of Enhanced Oil Recovery
Benefits of Enhanced Oil Recovery
Drawbacks of Enhanced Oil Recovery
Enhanced Oil Recovery Technologies and Applications

Chapter- 4: Regulatory Framework 32  $989
North America
South America
Europe
Africa and the Middle East
Asia

Chapter- 5: Industry Trends     12 $371
 Industry Participants
Common Factors Influencing Global Demand
Notes on EOR Cost

Chapter- 6: Global Market for Enhanced Oil Recovery 56 $1730
Overview of the Global Enhanced Oil Recovery Technology Market
North America
EOR Suitability and Deployment
Market Values and Projections
South America
Market Values and Projections
Europe
Market Values and Projections
Middle East and Africa
Market Values and Projections
Asia
Market Values and Projections

Chapter- 7: Company Profiles  126  $3893
AKZONOBEL
BASF
CHAMPION TECHNOLOGIES
CHEVRON PHILLIPS CHEMICAL
DOW CHEMICAL CO.
DUPONT
KEMIRA
OIL CHEM TECHNOLOGIES
PQ CORPORATION
SOLVAY RHODIA
SHELL CHEMICALS
SNF GROUP
STEPAN COMPANY
TIORCO (NALCO)
UNITECH ASIA-PACIFIC LTD.
WEATHERFORD INTERNATIONAL
BAKER HUGHES
CAT PUMPS
FMC TECHNOLOGIES
GENERAL ELECTRIC
HAMMELMANN GMBH
HAYWARD GORDON
NATIONAL OILWELL VARCO
NETZSCH
SNF GROUP
SULZER
WEATHERFORD INTERNATIONAL.
AIR LIQUIDE
AIR PRODUCTS AND CHEMICALS, INC.
CRYOGENIC INDUSTRIES
GENERON INNOVATIVE GAS SYSTEMS
LINDE
NATIONAL OILWELL VARCO
PRAXAIR
Carbon Dioxide Supply

Chapter- 8: Appendix A: Acronyms and Abbreviations of Measurements 5  $154
      
Chapter- 9: Appendix B: References 1 $31
      
List of Tables

Summary Table : Global Enhanced Oil Recovery Market, by Region, Through 2021
Table A : List of Global Markets Considered in this Study
Table B : Research Information Sources
Table 1 : Enhanced Oil Recovery Technologies
Table 2 : Enhanced Oil Recovery Industry, by Company Types
Table 3 : Example of EOR Cost Variation for CO2-EOR in the U.S.
Table 4 : Global Market for Enhanced Oil Recovery, by Region, Through 2021
Table 5 : Global Market for Enhanced Oil Recovery, by Technology, Through 2021
Table 6 : North American Market for Carbon Dioxide Flooding, Through 2021
Table 7 : North American Market for Nitrogen Flooding, Through 2021
Table 8 : North American Market for Hydrocarbon Gas Flooding, Through 2021
Table 9 : North American Market for Chemical Flooding, Through 2021
Table 10 : North American Market for In Situ Combustion, Through 2021
Table 11 : North American Market for Steam Flooding, Through 2021
Table 12 : South American Market for Carbon Dioxide Flooding, Through 2021
Table 13 : South American Market for Hydrocarbon Gas Flooding, Through 2021
Table 14 : South American Market for Chemical Flooding, Through 2021
Table 15 : South American Market for In Situ Combustion, Through 2021
Table 16 : South American Market for Steam Flooding, Through 2021
Table 17 : European Market for Carbon Dioxide Flooding, Through 2021
Table 18 : European Market for Hydrocarbon Gas Flooding, Through 2021
Table 19 : European Market for Chemical Flooding, Through 2021
Table 20 : European Market for In Situ Combustion, Through 2021
Table 21 : European Market for Steam Flooding, Through 2021
Table 22 : Middle Eastern and African Markets for Carbon Dioxide Flooding, Through 2021
Table 23 : Middle Eastern and African Markets for Hydrocarbon Gas Flooding, Through 2021
Table 24 : Middle Eastern and African Markets for Chemical Flooding, Through 2021
Table 25 : Middle Eastern and African Markets for Steam Flooding, Through 2021
Table 26 : Asian Market for Carbon Dioxide Flooding, Through 2021
Table 27 : Asian Market for Hydrocarbon Gas Flooding, Through 2021
Table 28 : Asian Market for Chemical Flooding, Through 2021
Table 29 : Asian Market for In Situ Combustion, Through 2021
Table 30 : Asian Market for Steam Flooding, Through 2021
Table 31 : AkzoNobel Company Overview
Table 32 : BASF Company Overview
Table 33 : Champion Technologies Company Overview
Table 34 : CPChem Company Overview
Table 35 : Dow Chemical Co. Company Overview
Table 36 : DuPont Company Overview
Table 37 : Kemira Company Overview
Table 38 : Oil Chem Technologies Company Overview
Table 39 : Pq Corp. Company Overview
Table 40 : Rhodia Company Overview
Table 41 : Shell Chemicals Company Overview
Table 42 : SNF Group Company Overview
Table 43 : Stepan Company Overview
Table 44 : Tiorco Company Overview
Table 45 : Unitech Asia-Pacific Ltd Company Overview
Table 46 : Company Overview: Weatherford Intl.
Table 47 : Baker Hughes Company Overview
Table 48 : Cat Pumps Company Overview
Table 49 : FMC Technologies Company Overview
Table 50 : General Electric Company Overview
Table 51 : Hammelmann Company Overview
Table 52 : Company Overview: Hayward Gordon
Table 53 : National Oilwell Varco Company Overview
Table 54 : NETZSCH Company Overview
Table 55 : SNF Group Company Overview
Table 56 : Sulzer Company Overview
Table 57 : Weatherford Intl. Company Overview
Table 58 : Air Liquide Company Overview
Table 59 : Company Overview: Air Products
Table 60 : Cryogenic Industries Company Overview
Table 61 : Generon Innovative Gas Systems Company Overview
Table 62 : Linde Company Overview
Table 63 : National Oilwell Varco Company Overview
Table 64 : Praxair Company Overview
Table 65 : Denbury Resources Company Overview
Table 66 : Exxonmobil Company Overview
Table 67 : Kinder Morgan Company Overview
Table 68 : Occidental Company Overview
Table 69 : Ariel Company Overview
Table 70 : Cameron Company Overview
Table 71 : Cat Pumps Company Overview
Table 72 : Caterpillar Company Overview
Table 73 : Cryogenic Industries Company Overview
Table 74 : Dresser-Rand Company Overview
Table 75 : Elliott Company Overview
Table 76 : Flowserve Company Overview
Table 77 : Fmc Technologies Company Overview
Table 78 : Gardner Denver Company Overview
Table 79 : General Electric Company Overview
Table 80 : MAN Company Overview
Table 81 : Mitsubishi Heavy Industries Company Overview
Table 82 : Rolls-Royce Company Overview
Table 83 : Siemens Company Overview
Table 84 : Wood Group Company Overview
Table 85 : Air Liquide Company Overview
Table 86 : Air Products Company Overview
Table 87 : Cameron Company Overview
Table 88 : Guild Associates Company Overview
Table 89 : Membrane Technology Research Company Overview
Table 90 : Ube Company Overview
Table 91 : Cameron Company Overview
Table 92 : FMC Technologies Company Overview
Table 93 : General Electric Company Overview
Table 94 : National Oilwell Varco Company Overview
Table 95 : Weir SPM Company Overview
Table 96 : Weatherford Intl. Company Overview
Table 97 : Wood Group Company Overview
Table 98 : Dresser-Rand Company Overview
Table 99 : General Electric Company Overview
Table 100 : Man Company Overview
Table 101 : Rolls-Royce Company Overview
Table 102 : Siemens Company Overview
Table 103 : Babcock & Wilcox Company Overview
Table 104 : China National Petroleum Corp. Company Overview
Table 105 : Clayton Industries Company Overview
Table 106 : Hamon Deltak Company Overview
Table 107 : Industrial Technology Management Company Overview
Table 108 : IST Company Overview
Table 109 : Nooter/Eriksen Company Overview
Table 110 : Premier Energy Company Overview
Table 111 : TEi-Struthers Wells Company Overview
Table 112 : Vogt Power Company Overview
Table 113 : Cameron Company Overview
Table 114 : China National Petroleum Corp. Company Overview
Table 115 : FMC Technologies Company Overview
Table 116 : General Electric Company Overview
Table 117 : Halliburton Company Overview
Table 118 : Industrial Technology Management Company Overview
Table 119 : Stream-Flo Company Overview
Table 120 : Tam Intl. Company Overview
Table 121 : TIW Company Overview
Table 122 : Weatherford Intl. Company Overview
Table 123 : Ariel Company Overview
Table 124 : Bauer Company Overview
Table 125 : Dresser-Rand Company Overview
Table 126 : Man Company Overview
Table 127 : Bornemann Company Overview
Table 128 : Flowserve Company Overview
Table 129 : General Electric Company Overview
Table 130 : Leistritz Company Overview
Table 131 : Seepex Company Overview
Table 132 : Sulzer Company Overview
Table 133 : Weatherford Intl. Company Overview
Table 134 : Cameron Company Overview
Table 135 : Cyclotech Company Overview
Table 136 : Eaton Company Overview
Table 137 : Eco-Tec Company Overview
Table 138 : FMC Technologies Company Overview
Table 139 : General Electric Company Overview
Table 140 : Siemens Company Overview
Table 141 : Sulzer Company Overview
Table 142 : Veolia Company Overview

List of Figures

Summary Figure : Global Enhanced Oil Recovery Market, by Region, 2015-2021
Figure 1 : Historic Production as Enhanced by Non-Thermal EOR
Figure 2 : Global Crude Oil Proved Reserves, 1995-2015
Figure 3 : Map of NER300 Projects as of December 2016
Figure 4 : Global Market for Enhanced Oil Recovery, by Region, 2015-2021
Figure 5 : Global Market for Enhanced Oil Recovery, by Technology, 2015-2021
Figure 6 : Oil fields in the U.S. and Canada that Could Support CO2-EOR
Figure 7 : U.S. Oil fields Known to be Favorable to CO2-EOR and Existing U.S. CO2 Pipelines, 2014
Figure 8 : Canadian Oil Sand Deposits
Figure 9 : North American Market for Carbon Dioxide Flooding, 2015-2021
Figure 10 : North American Market for Nitrogen Flooding, 2015-2021
Figure 11 : North American Market for Hydrocarbon Gas Flooding, 2015-2021
Figure 12 : North American Market for Chemical Flooding, 2015-2021
Figure 13 : North American Market for In Situ Combustion, 2015-2021
Figure 14 : North American Market for Steam Flooding, 2015-2021
Figure 15 : South American Market for Carbon Dioxide Flooding, 2015-2021
Figure 16 : South American Market for Hydrocarbon Gas Flooding, 2015-2021
Figure 17 : South American Market for Chemical Flooding, 2015-2021
Figure 18 : South American Market for In Situ Combustion, 2015-2021
Figure 19 : South American Market for Steam Flooding, 2015-2021
Figure 20 : European Market for Carbon Dioxide Flooding, 2015-2021
Figure 21 : European Market for Hydrocarbon Gas Flooding, 2015-2021
Figure 22 : European Market for Chemical Flooding, 2015-2021
Figure 23 : European Market for In Situ Combustion, 2015-2021
Figure 24 : European Market for Steam Flooding, 2015-2021
Figure 25 : Current and Future Potential CO2-EOR and Other EOR Projects in the Middle East
Figure 26 : Middle Eastern and African Markets for Carbon Dioxide Flooding, 2015-2021
Figure 27 : Middle Eastern and African Markets for Hydrocarbon Gas Flooding, 2015-2021
Figure 28 : Middle Eastern and African Market for Steam Flooding, 2015-2021
Figure 29 : Asian Market for Carbon Dioxide Flooding, 2015-2021
Figure 30 : Asian Market for Hydrocarbon Gas Flooding, 2015-2021
Figure 31 : Asian Market for Chemical Flooding, 2015-2021
Figure 32 : Asian Market for In Situ Combustion, 2015-2021
Figure 33 : Asian Market for Steam Flooding, 2015-2021

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