Dallas, Texas (PRWEB) December 14, 2013 -- The rapid depletion of fossil fuels due to overuse by industry has resulted in the increasing usage of EOR technology in the Oil and Gas industry in the past decade. The usage of Enhanced Oil Recovery (EOR) technology has increased the overall production of oil and gas from the production wells. Currently, oil production from mature or maturing fields does not keep pace with growing energy demand. Thus, E&P companies are increasingly turning to Enhanced Oil Recovery (EOR) technology since it can increase overall production from 30-60 percent depending on the capacity of the reservoirs. The usage of EOR technology will ensure the optimum exploitation of oil resources by lowering depletion rates and improving secondary oil recovery through sustainable development while focusing on long-term profits. Thus, EOR technology will ensure an increase in overall oil production from reservoirs.
The Global Enhanced Oil Recovery Market 2014-2018 (http://www.reportsnreports.com/reports/271866-global-enhanced-oil-recovery-eor-market-2014-2018.html) with a CAGR of 28.7 percent for the period 2013–2018. According to the report, one of the main drivers in this market is the increasing number of aging oil production wells across the globe. The rise in the number of aging oil and gas production wells will increase the demand for EOR technology to boost oil recovery from these wells, thereby propelling the growth of the market during the forecast period.
Further, the report states that one of the key challenges in this market is the capital-intensive nature of EOR projects. EOR technologies require high investments since they use chemicals, gas, and other components for injection into the production well, which increases the risk factor for operators. This in turn could have a negative impact on the growth of the market during the forecast period.
The report recognizes the following companies as the key players in the Global Enhanced Oil Recovery (EOR) Market: BP plc, Chevron Corp., ExxonMobil Corp., and Royal Dutch Shell plc.
A more specific breakdown of this report’s contents is below.
Overview of market share and landscape for the following key geographies:
•APAC
•EMEA
•America
Purchase Report @ http://www.reportsnreports.com/purchase.aspx?name=271866.
Breakdown of market share for the following technology:
•Thermal Method
•Gas Injection Method
•Chemical Method
Overview and impact analysis of:
•4 Market Drivers
•3 Market Challenges
•3 Market Trends
Vendor profile and SWOT Analysis for these vendors:
•BP plc
•Chevron Corp.
•ExxonMobil Corp.
•Royal Dutch Shell plc
Five Force Model Impact Analysis of:
•Suppliers
•Buyers
•Substitutes
•New entrants
•Market competition
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Technologies Used in the EOR Method
Exhibit 3: Global EOR Market 2013-2018 (US$ billion)
Exhibit 4: Global EOR Market Segmentation by Technology 2013
Exhibit 5: Global EOR Market Segmentation by Technology 2018
Exhibit 6: Global EOR Market by Thermal Method 2013-2018 (US$ billion)
Exhibit 7: Global EOR Market by Gas Injection Method 2013-2018 (US$ billion)
Exhibit 8: Global EOR Market by Chemical Method 2013-2018 (US$ billion)
Exhibit 9: Global EOR Market by Chemical Method 2013-2018
Exhibit 10: Global EOR Market by Geographical Segmentation 2013
Exhibit 11: Key Leading Countries in Each Region 2013
Exhibit 12: Global EOR Market by Geographical Segmentation 2018
Exhibit 13: Global EOR Market by Geographical Segmentation 2013-2018
Exhibit 14: EOR Market in the Americas 2013-2018 (US$ billion)
Exhibit 15: EOR Market in EMEA Region 2013-2018 (US$ billion)
Exhibit 16: EOR Market in APAC Region 2013-2018 (US$ billion)
Exhibit 17: Global Oil Production 2008-2012 (Thousand barrels per day)
Exhibit 18: Primary Energy Consumption 2008-2012 (Mtoe)
Exhibit 19: Oil Prices Trend 2008-2012 (US$ per barrel)
Exhibit 20: Business Segmentation of BP plc
Exhibit 21: Business Segmentation of Chevron Corp.
Exhibit 22: Business Segmentation of ExxonMobil Corp.
Exhibit 23: Business Segmentation of Royal Dutch Shell plc.
Exhibit 24: Revenue Segmentation of Royal Dutch Shell plc. by Business
Exhibit 25: Revenue Segmentation of Royal Dutch Shell plc. by Geography
Browse other new reports by Infiniti Research @ http://www.reportsnreports.com/publisher/infiniti-research-limited/.
About Us
ReportsnReports.com is an online market research reports (http://www.reportsnreports.com/) library of 200,000+ reports and in-depth studies of 5000+ micro markets. Our database includes reports by leading publishers from across the globe.
Priyank Tiwari, ReportsnReports.com, http://www.reportsnreports.com/, +1 (888) 391-5441, [email protected]
Share this article