EOR Enhanced Oil Recovery Worldwide Now Available at ReportsandReports
The global market for EOR, estimated at nearly $62.5 billion (for barrels of crude oil) for 2009, has shown exciting growth since 2005, when it totaled $3.1 billion. Technological challenges, hazy regulations, and costly implementation have often kept oil companies from using EOR.
Dallas, TX, April 22, 2010 --(PR.com)-- ReportsandReports Announce it Will Carry the EOR Enhanced Oil Recovery Worldwide Market Research Report in its Store.
Browse the complete Report on: http://www.reportsandreports.com/market-reports/eor-enhanced-oil-recovery-worldwide/
Enhanced oil recovery (EOR), also referred to as improved oil recovery or tertiary oil recovery, is most often achieved by injecting a liquid or gas into an oil reservoir, thereby lowering oil viscosity and increasing the amount of oil available for production. Some of the more common EOR methods include CO2-EOR, thermal EOR and chemical EOR. Microbial EOR and seismic EOR also hold a strong niche in the EOR market. While only about 10% - 30% of oil is typically extracted by conventional oil production processes, EOR methods can enhance these recovery rates by an additional 5% to 20%, on a conservative average.
The global market for EOR, estimated at nearly $62.5 billion (for barrels of crude oil) for 2009, has shown exciting growth since 2005, when it totaled $3.1 billion. Technological challenges, hazy regulations, and costly implementation have often kept oil companies from using EOR. However, EOR is quickly becoming more feasible, due to rising government interest and investment, new technologies, and increased availability of required materials (such as CO2). It is expected EOR will continue to perform extremely well in the world marketplace.
The world’s governments’ interest in EOR has been fueled by a number of factors, the most obvious being an increase in oil production. Besides increasing oil revenue, countries that are able to increase their oil production are often lowering their increase in demand for oil imports. There is also much anticipation regarding the use of CO2-EOR to sequester CO2 permanently in the ground. It is estimated 130 billion tons of CO2 worldwide could potentially be captured through the use of CO2-EOR, which would help to reduce industrial emissions, and in turn reduce greenhouse gas emissions. Some governments are also taking note that EOR has the potential to propel substantial economic growth. In Texas, where EOR now accounts for 20% of its oil production, it is estimated the benefits of EOR production will result in additional revenue of $200 billion and will create 1.5 million jobs.
Many of the world’s oil fields have experienced or are experiencing a decline in oil production; using EOR has the potential to reverse this downward trend. Oman’s historical oil production reflects this; between 2001 and 2007 its oil production fell by 27%, but by 2009, due mostly to EOR projects, oil production increased by 17%.
EOR Enhanced Oil Recovery Worldwide contains comprehensive historical (2005-2009) and forecast (2010-2015) data; plus EOR’s share of overall standard oil production, market size in terms of barrels of oil, and dollar value. This report identifies key trends, regulations, new technologies, economic factors, environmental factors, and industry hurdles affecting the direction and size of market growth, and discusses market size and growth in various countries. Profiles of major - or simply interesting - companies using EOR are also included.
Report Methodology
The information in EOR Enhanced Oil Recovery Worldwide is based on data from government agencies, such as the U.S. Census Bureau, U.S. Department of Energy, and the Central Intelligence Agency; trade associations; business, science and law journals; company literature and websites; interviews with key individuals; and from research services and institutes from around the world.
How You Will Benefit from This Report
EOR Enhanced Oil Recovery Worldwide details significant trends, numbers, and technologies for a clear overview of the complex EOR market.
This report will help:
• Managers identify market opportunities and develop implementation plans for EOR.
• Research and development professionals stay on top of competitor initiatives, and to explore the ups and downs associated with EOR projects.
• Advertising agencies working with clients in the oil and energy industries to help design appropriate messages and images for the EOR market.
• Business development executives understand the dynamics of the market and identify possible partnerships.
• Information and research center librarians access vital information.
Table Of Contents
Chapter 1: Executive Summary
Chapter 2: EOR Overview and Regulation
Chapter 3: Market Size and Growth
Chapter 4: EOR Around the World
Chapter 5: Industry Advantages and Hurdles
Chapter 6: Current Technological Advances
Chapter 7: Environmental Factors and Impact
Chapter 8: Company Strategies
Appendix: Addresses of Selected Marketers
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Abraxas Petroleum Corporation Oil & Gas Exploration and Production Operations and Cost Analysis – 2008
http://www.reportsandreports.com/market-reports/abraxas-petroleum-corporation-oil-gas-exploration-and-productio/
Abu Dhabi National Oil Company LNG Export and Import Markets, 2000 to 2015- Profile and Analysis and Forecasts of Terminal wise Capacity and Associated Contracts
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About Us
ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
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Browse the complete Report on: http://www.reportsandreports.com/market-reports/eor-enhanced-oil-recovery-worldwide/
Enhanced oil recovery (EOR), also referred to as improved oil recovery or tertiary oil recovery, is most often achieved by injecting a liquid or gas into an oil reservoir, thereby lowering oil viscosity and increasing the amount of oil available for production. Some of the more common EOR methods include CO2-EOR, thermal EOR and chemical EOR. Microbial EOR and seismic EOR also hold a strong niche in the EOR market. While only about 10% - 30% of oil is typically extracted by conventional oil production processes, EOR methods can enhance these recovery rates by an additional 5% to 20%, on a conservative average.
The global market for EOR, estimated at nearly $62.5 billion (for barrels of crude oil) for 2009, has shown exciting growth since 2005, when it totaled $3.1 billion. Technological challenges, hazy regulations, and costly implementation have often kept oil companies from using EOR. However, EOR is quickly becoming more feasible, due to rising government interest and investment, new technologies, and increased availability of required materials (such as CO2). It is expected EOR will continue to perform extremely well in the world marketplace.
The world’s governments’ interest in EOR has been fueled by a number of factors, the most obvious being an increase in oil production. Besides increasing oil revenue, countries that are able to increase their oil production are often lowering their increase in demand for oil imports. There is also much anticipation regarding the use of CO2-EOR to sequester CO2 permanently in the ground. It is estimated 130 billion tons of CO2 worldwide could potentially be captured through the use of CO2-EOR, which would help to reduce industrial emissions, and in turn reduce greenhouse gas emissions. Some governments are also taking note that EOR has the potential to propel substantial economic growth. In Texas, where EOR now accounts for 20% of its oil production, it is estimated the benefits of EOR production will result in additional revenue of $200 billion and will create 1.5 million jobs.
Many of the world’s oil fields have experienced or are experiencing a decline in oil production; using EOR has the potential to reverse this downward trend. Oman’s historical oil production reflects this; between 2001 and 2007 its oil production fell by 27%, but by 2009, due mostly to EOR projects, oil production increased by 17%.
EOR Enhanced Oil Recovery Worldwide contains comprehensive historical (2005-2009) and forecast (2010-2015) data; plus EOR’s share of overall standard oil production, market size in terms of barrels of oil, and dollar value. This report identifies key trends, regulations, new technologies, economic factors, environmental factors, and industry hurdles affecting the direction and size of market growth, and discusses market size and growth in various countries. Profiles of major - or simply interesting - companies using EOR are also included.
Report Methodology
The information in EOR Enhanced Oil Recovery Worldwide is based on data from government agencies, such as the U.S. Census Bureau, U.S. Department of Energy, and the Central Intelligence Agency; trade associations; business, science and law journals; company literature and websites; interviews with key individuals; and from research services and institutes from around the world.
How You Will Benefit from This Report
EOR Enhanced Oil Recovery Worldwide details significant trends, numbers, and technologies for a clear overview of the complex EOR market.
This report will help:
• Managers identify market opportunities and develop implementation plans for EOR.
• Research and development professionals stay on top of competitor initiatives, and to explore the ups and downs associated with EOR projects.
• Advertising agencies working with clients in the oil and energy industries to help design appropriate messages and images for the EOR market.
• Business development executives understand the dynamics of the market and identify possible partnerships.
• Information and research center librarians access vital information.
Table Of Contents
Chapter 1: Executive Summary
Chapter 2: EOR Overview and Regulation
Chapter 3: Market Size and Growth
Chapter 4: EOR Around the World
Chapter 5: Industry Advantages and Hurdles
Chapter 6: Current Technological Advances
Chapter 7: Environmental Factors and Impact
Chapter 8: Company Strategies
Appendix: Addresses of Selected Marketers
Related Reports:
Abraxas Petroleum Corporation Oil & Gas Exploration and Production Operations and Cost Analysis – 2008
http://www.reportsandreports.com/market-reports/abraxas-petroleum-corporation-oil-gas-exploration-and-productio/
Abu Dhabi National Oil Company LNG Export and Import Markets, 2000 to 2015- Profile and Analysis and Forecasts of Terminal wise Capacity and Associated Contracts
http://www.reportsandreports.com/market-reports/abu-dhabi-national-oil-company-lng-export-and-import-markets-200/
AC-DC Power Supplies: Worldwide Forecasts, Ninth Edition
http://www.reportsandreports.com/market-reports/ac-dc-power-supplies-worldwide-forecasts-ninth-edition/
About Us
ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
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+1-888-989-8004
http://www.reportsandreports.com
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