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The term ‘enhanced oil recovery’ (EOR) refers to the technology used to extract crude oil that cannot be extracted through conventional technologies from oil reservoirs. It is also termed as tertiary recovery process as it takes place after primary and secondary oil recoveries. Oil extracted via primary recovery accounts for 5% to 15% of the total reservoir while secondary recovery can extract about 20% to 60% of the total oil present in the reservoir. By installing enhanced oil recovery technology, 35% to 75% oil can easily be extracted from the oil reservoir.

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Enhanced oil recovery market size and forecast 2014 2020 by future market insights

Enhanced Oil

Recovery Market

Share, Global Trends,

Analysis, Research, Report,

Opportunities,

Segmentation and Forecast,

2014

www.futuremarketinsights.com

Future Market Insights

[email protected]


Enhanced oil recovery market size and forecast 2014 2020 by future market insights

Report Description

Report Description

The term ‘enhanced oil recovery’ (EOR) refers to the technology used to extract crude oil that

cannot be extracted through conventional technologies from oil reservoirs. It is also termed as

tertiary recovery process as it takes place after primary and secondary oil recoveries. Oil

extracted via primary recovery accounts for 5% to 15% of the total reservoir while secondary

recovery can extract about 20% to 60% of the total oil present in the reservoir. By installing

enhanced oil recovery technology, 35% to 75% oil can easily be extracted from the oil reservoir.

Browse Full Report@ http://www.futuremarketinsights.com/reports/gcc-enhanced-oil-recovery-

market

Enhanced oil recovery method is widely being adopted by the oil & gas market participants for

their aged and newly explored wells. In addition, new technologies are being developed to

improve the efficiency of the enhanced oil recovery technique. GCC is one of the mature oil

extractors and has quite a good number of aged oil wells. To extract the proved reserves, oil

extraction companies are pushing the use of enhanced oil recovery in existing oil wells. Besides,

a number of new methods are being developed in the market such as chemical enhanced oil

recovery to reduce the cost of oil recovery. On the basis of technology, enhanced oil recovery

market in GCC can be broadly categorized as thermal enhanced oil recovery, gas/CO2 enhanced

oil recovery, and chemical enhanced oil recovery. Thermal enhanced oil recovery technology

consumes hot water and steam to stimulate the extraction of crude oil from the reservoir.


Enhanced oil recovery market size and forecast 2014 2020 by future market insights

Report Description

Report Description

Old oil wells of GCC, with heavy and viscous oil flow are adopting this technique on a larger

scale. The commonly used steam injection enhanced oil recovery methods are cyclic steam

stimulation (CSS), steam assisted gravity drainage (SAGD) and steam flooding. Gas injection

enhanced oil recovery utilizes CO2. Therefore, it also solves the greenhouse gas disposal issue.

Growing regulatory norms of GCC to reduce greenhouse gas emission is therefore

supplementing the gas enhanced oil recovery method. Gas enhanced oil recovery can be further

categorized as CO2 based, nitrogen based and hydrogen based. Further, chemical injection

enhanced oil recovery can be categorized as polymer based, surfactant solution based, alkali

based, microbial based and others. One of the major technological trends of the GCC enhanced

oil recovery market is to combine chemical enhanced oil recovery technique with other EOR

technologies to derive maximum advantage.

GCC is expected to show the highest growth rate in the global enhanced oil recovery market.

This is mainly attributed to the growing number of oil reserves which exist in the Middle East.

More than 8 Bn barrels of oil are expected to remain performing primary and secondary

operations on Gulf of Mexico offshore reservoirs. Such factors are pushing the demand for new

enhanced oil recovery installation in GCC. Due to such factors coupled with Go Green strategies,

GCC is developing a number of enhanced oil recovery techniques that are renewable or bio-

based, such as the development of solar-powered thermal enhanced oil recovery.


Enhanced oil recovery market size and forecast 2014 2020 by future market insights

Report Description

Report Description

Request For TOC@ http://www.futuremarketinsights.com/toc/rep-gc-134

Many Gulf countries are witnessing gas supply shortage; however, they have high subsidies for

fuel which alter the retail price of gas. Thus, market participants such as GlassPoint developed

solar steam generators for the oil & gas industry to be used in enhanced oil recovery. One of the

key strategies of the GCC enhanced oil recovery market is to develop patented technologies. For

instance, Gulf Energy LLC has developed microbial enhanced oil recovery system considering

water scarcity in GCC. Further, companies are also involved in the strategy of expansion through

exploration of new fields. With the emergence of the GCC EOR market, it is expected that

affiliated markets such as technology services, maintenance services and consulting services will

also grow. Market participants are also expanding their business in the service model.


Enhanced oil recovery market size and forecast 2014 2020 by future market insights

About Us

Report Description

Future Market Insights

Future Market Insights (FMI) is a premier provider of syndicated

research reports, custom research reports, and consulting services.

We deliver a complete packaged solution, which combines current

market intelligence, statistical anecdotes, technology inputs, valuable

growth insights, aerial view of the competitive framework, and

futuremarkettrends.

We provide research services at a global as well as regional level;

keyregionsincludeGCC,ASEAN, andBRIC.

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Enhanced oil recovery market size and forecast 2014 2020 by future market insights

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