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Global Enhanced Oil Recovery Market: By Technology: Thermal, Gas Injection, Chemical; By Chemical Outlook: Surfactants, Polymers, Alkaline Chemicals, Alkali-Surfactant-Polymer (ASP) Formulations, Foamers; By Application: Onshore, Offshore; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Competitive Landscape & Supplier Analysis; Events and Developments

Global Enhanced Oil Recovery Market Key Insights:

 

  • Market Overview
  • Market Opportunities
  • Breakup by Regions
  • Historical Market Size 2015-2019
  • Competitive Landscape
  • SWOT Analysis
  • Market Forecast 2020-2025
  • Events and Developments
  • Demand Indicators

 

Market Outlook

The global enhanced oil recovery market size reached USD 60.1 billion in 2019 and is expected to grow over the 2020-2025 forecast period at a CAGR of 7.2%. Factors expected to drive the growth of the market are the increase in the number of aged wells, coupled with the growing demand for oil.

Global Enhanced Oil Recovery Market Report and Forecast 2020-2025

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Properties and Applications

Enhanced recovery of oil, also known as tertiary recovery, is the removal of crude oil from an oil field that cannot otherwise be extracted. Enhanced oil recovery can extract 30% to 60% or more of the oil of a reservoir, compared to 20% to 40%.

The enhanced oil recovery market can be segmented into technology, chemical outlook, and application.

The industry can be broadly categorised based on its technology into:

  • Thermal
  • Gas Injection
  • Chemical
  • Others

The industry can be divided based on its chemical outlook as:

  • Surfactants
  • Polymers
  • Alkaline Chemicals
  • Alkali-Surfactant-Polymer (ASP) Formulations
  • Foamers
  • Others

On the basis of application, the industry can be divided as:

  • Onshore
  • Offshore

The EMR report looks into the regional enhanced oil recovery markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.

Market Analysis

Enhanced oil recovery is a method of chemical, thermal, or physical mobilization of immobile residual oil. Tertiary recovery is needed for the production of liquid hydrocarbons using different methods like reservoir re-pressurizing techniques or artificial airlifts, which during the forecast period will increase the market growth. Companies are trying to improve infrastructure and technology to extract oil from reservoirs as demand for oil is anticipated to accelerate in the years ahead. Because of the challenge of processing crude from onshore sources, companies have also begun extracting oil from offshore sources, which will have a positive impact on the industry growth. As crude oil prices fluctuate dramatically, it is difficult for oilfield service companies to maintain cash flows and overall profitability, which may hinder the growth of the market. Nevertheless, companies are investing heavily in R&D activities to develop better assets, produce oil as quickly as possible, and prepare a better strategy for the recovery of the market.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global enhanced oil recovery market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Halliburton Energy Services, Inc. (NYSE: HAL)
  • Royal Dutch Shell plc 
  • Schlumberger Limited 
  • Chevron Phillips Chemical Company LLC 
  • TechnipFMC plc 
  • National Aluminium Company Limited 
  • Praxair Technology, Inc.
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Questions Answered in the Report:

  • How has the global enhanced oil recovery industry performed in the previous years (2015-2019)?
  • What is the forecast assessment of the industry for 2020-2025?
  • What are the major drivers of the historical (2015-2019) and forecast (2020-2025) periods?
  • What are the major constraints of the historical (2015-2019) and forecast (2020-2025) periods?
  • What are the major demand indicators of the global industry?
  • What is the degree of competition in the global industry?
  • What are the major events and developments taking place within the global industry?

1    Preface
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Enhanced Oil Recovery Market Analysis
    6.1    Global Enhanced Oil Recovery Historical Market (2015-2019) & Forecast (2020-2025)
    6.2    Global Enhanced Oil Recovery Market Breakup by Technology
        6.2.1    Thermal
        6.2.2    Gas Injection
        6.2.3    Chemical
        6.2.4    Other
    6.3    Global Enhanced Oil Recovery Market Breakup by Technology: Historical Market (2015-2019) & Forecast (2020-2025)
        6.3.1    Thermal
        6.3.2    Gas Injection
        6.3.3    Chemical
        6.3.4    Other   
    6.4    Global Enhanced Oil Recovery Market Breakup by Chemical Outlook
        6.4.1    Surfactants
        6.4.2    Polymers
        6.4.3    Alkaline Chemicals
        6.4.4    Alkali-Surfactant-Polymer (ASP) Formulations
        6.4.5    Foamers
        6.4.6    Others
    6.5    Global Enhanced Oil Recovery Market Breakup by Chemical Outlook: Historical Market (2015-2019) & Forecast (2020-2025)
        6.5.1    Surfactants
        6.5.2    Polymers
        6.5.3    Alkaline Chemicals
        6.5.4    Alkali-Surfactant-Polymer (ASP) Formulations
        6.5.5    Foamers
        6.5.6    Others  
    6.6    Global Enhanced Oil Recovery Market by Application
        6.6.1    Onshore
        6.6.2    Offshore
    6.7    Global Enhanced Oil Recovery Market by Application: Historical Market (2015-2019) & Forecast (2020-2025)
        6.7.1    Onshore
        6.7.2    Offshore
    6.8    Global Enhanced Oil Recovery Market by Region
        6.8.1    North America
            6.8.1.1    United States of America
            6.8.1.2    Canada
        6.8.2    Europe
            6.8.2.1    Germany
            6.8.2.2    United Kingdom
            6.8.2.3    France
            6.8.2.4    Italy
            6.8.2.5    Others
        6.8.3    Asia Pacific
            6.8.3.1    China
            6.8.3.2    Japan
            6.8.3.3    India
            6.8.3.4    ASEAN
            6.8.3.5    Others
        6.8.4    Latin America
            6.8.4.1    Brazil
            6.8.4.2    Argentina
            6.8.4.3    Mexico
            6.8.4.4    Others
        6.8.5    Middle East & Africa
            6.8.5.1    Saudi Arabia
            6.8.5.2    United Arab Emirates
            6.8.5.3    Nigeria
            6.8.5.4    South Africa
            6.8.5.5    Others
    6.9    Global Enhanced Oil Recovery Market by Region: Historical Market (2015-2019) & Forecast (2020-2025)
        6.9.1    North America
            6.9.1.1    United States of America
            6.9.1.2    Canada
        6.9.2    Europe
            6.9.2.1    Germany
            6.9.2.2    United Kingdom
            6.9.2.3    France
            6.9.2.4    Italy
            6.9.2.5    Others
        6.9.3    Asia Pacific
            6.9.3.1    China
            6.9.3.2    Japan
            6.9.3.3    India
            6.9.3.4    ASEAN
            6.9.3.5    Others
        6.9.4    Latin America
            6.9.4.1    Brazil
            6.9.4.2    Argentina
            6.9.4.3    Mexico
            6.9.4.4    Others
        6.9.5    Middle East & Africa
            6.9.5.1    Saudi Arabia
            6.9.5.2    United Arab Emirates
            6.9.5.3    Nigeria
            6.9.5.4    South Africa
            6.9.5.5    Others
7    SWOT Analysis
    7.1    Overview
    7.2    Strengths
    7.3    Weaknesses
    7.4    Opportunities
    7.5    Threats
8    Porter’s Five Forces Analysis
    8.1    Overview
    8.2    Buyer’s Power
    8.3    Supplier’s Power
    8.4    New Entrants
    8.5    Degree of Rivalry
    8.6    Substitutes
9    Competitive Landscape & Supplier Analysis
    9.1    Halliburton Energy Services, Inc. (NYSE: HAL)
        9.1.1    Company Overview
        9.1.2    Financial Analysis
    9.2    Royal Dutch Shell plc (AMS: RDSA)
        9.2.1    Company Overview
        9.2.2    Financial Analysis
    9.3     Schlumberger Limited (NYSE: SLB)
        9.3.1    Company Overview
        9.3.2    Financial Analysis
    9.4    Chevron Phillips Chemical Company LLC 
        9.4.1    Company Overview
        9.4.2    Financial Analysis
    9.5    TechnipFMC plc (NYSE: FTI)
        9.5.1    Company Overview
        9.5.2    Financial Analysis
    9.6    National Aluminium Company Limited (NSE: NATIONALUM)
        9.6.1    Company Overview
        9.6.2    Financial Analysis
    9.7    Praxair Technology, Inc.    
        9.7.1    Company Overview
        9.7.2    Financial Analysis
    9.8    Others
10    Events and Developments 

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