Energy Industry News
Home | Energy News | Submit Press Release | About Us


Free Utility & Energy Magazines
Press release distribution service

Energy Media
AltEnergyMag
Clean Energy Report
Colorado Energy News
Energy: MIT Tecnology Review
Energy Business Review
Energy Cities
EUROPA
Fuel Fix
Financial Times
Interfax Energy
Green Energy Times
News York Times
NBC News
NPR
Oil & Gas Investor
Oil Price
Platt
PennEnergy
Reuters
RechargeNews
Resilience
Science Daily
Renewable Energy World
Renewable Energy Transportation
The Daily Energy Report
The Energy Daily

Energy Industry News Releases

Global Enhanced Oil Recovery (EOR) Market projected to Reach $891.02 Million by 2020

(EnergyIndustry.Net, January 12, 2018 ) Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Enhanced Oil Recovery (EOR) Market“

Request a Free Sample Report @ https://www.mrrse.com/sample/300

Enhanced oil recovery (EOR) method is a technology that involves extraction of crude oil from oil reservoirs that cannot be extracted through conventional technologies. It is also known as tertiary recovery method as it takes place after primary and secondary recoveries. Oil extracted through primary recovery accounts for 5% to 15%, while secondary recovery accounts for 20% to 60% of the total oil present in the reservoir. By using enhanced oil recovery technology, 35% to 75% oil can be extracted from the reservoir.

EOR technology uses methods such as thermal injection, gas injection and chemical injection to extract oil from the reserves. Thermal injection technology uses hot water and steam to extract crude oil from the reservoir. It is widely used to extract heavy viscous oil, that cannot flow on its own. Thermal injection technology reduces the viscosity by increasing temperature of the crude oil. Most commonly used thermal injection method are steam injection and In-situ combustion. Commonly used steam injection methods are steam assisted gravity drainage (SAGD), cyclic steam stimulation (CSS) and steam flooding. Steam injection method is mostly used on oil sands. Countries such as Canada, Indonesia and California are using steam injection on their oil fields. SAGD has application in heavy oil sands of Alberta region. Steam flooding method is used on light oil reservoirs. In-situ method is used for heavy oil sandstone reservoirs. Countries such as Romania and Canada, have some projects using In-situ combustion process. Thermal injection technology dominated the EOR market in the year 2012 but by 2023 its market share is expected to decrease. Major challenges faced by thermal injection technology is the lack of availability of low price natural gas. Gas required for steam generation can be used for other purposes such as power generation and transportation.

Gas injection technology is mostly used on light oil reservoirs. It is mainly used on sandstone field. Gas injection technology especially uses CO2. It is expected to increase for two reasons including disposal of green house gas and increase in crude oil recovery. CO2 released in the atmosphere through power generation and industrial sector, is used in gas injection technology to extract crude oil. Thus huge amount of CO2 is captured for EOR technologies which may pollute the environment. With more than 100 CO2 commercial EOR projects worldwide, most of them are concentrated in West Texas in U.S. Due to the availability of low cost CO2 from nearby fields and reservoirs CO2 EOR projects have gained popularity worldwide.

Browse Complete Report with Table of Content @ https://www.mrrse.com/enhanced-oil-recovery-market

Chemical injection method uses polymer, surfactant solution and alkali to extract crude oil from the reservoirs. It can be applied on both carbonate and sandstone formations. Chemical injection technology can be combined with other EOR technologies to derive advantages of each other. Primary objective of chemical EOR process is to reduce ther interfacial tension between water and oil through the use of surfactants. Mobility of crude oil is controlled by adding polymers. Hydrolyzed polyacrylamide is the commonly used polymer in chemical EOR method. Major challenges faced by Chemical EOR process is the lack of availability of compatible chemicals in high saline and high temperature environment.

North America dominated the global EOR market in terms of volume as huge demand arises from U.S, Canada and Mexico. Europe is expected to be a booming market for EOR technology as number of upcoming projects are there in Russia. Rest of the World (RoW) is expected to show the highest growth rate as number of oil reserves exists in Middle East. Thus, in future Middle East is expected to be the most attractive market for EOR technology.

Send an Inquiry @ https://www.mrrse.com/enquiry/300

Anadarko Petroleum Corporation, BP Plc, Cenovus Energy Inc, Chevron Corporation, ConocoPhillips, ExxonMobil Corporation, OAO Lukoil, Petronas, Royal Dutch Shell Plc and Statoil ASA are expected to dominate the market for enhanced oil recovery technology.

 About Market Research Reports Search Engine (MRRSE)

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact Us

State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/
Read More Industry News At: https://www.industrynewsanalysis.com/

MRRSE

Alok Kumar

+1-518-730-0559

sales@mrrse.com

Source: EmailWire.Com

Renewable Energy News




Press release service Free Utility & Energy Magazines
Press release distribution service
:: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.

Copyright 2008 GroupWeb Media LLC
GroupWeb Media Network

Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
| i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
EnergyIndustry.Net is a Energy news service of GroupWeb Media LLC