GCC Enhanced Oil Recovery Market
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.
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.
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Enhanced</strong> <strong>Oil</strong><br />
<strong>Recovery</strong> <strong>Market</strong><br />
Share, <strong>GCC</strong> Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2014<br />
Future <strong>Market</strong> Insights<br />
www.futuremarketinsights.com<br />
sales@futuremarketinsights.com
Report Description<br />
The term ‘enhanced oil recovery’ (EOR) refers to the technology used to extract crude oil that<br />
cannot be extracted through conventional technologies from oil reservoirs. It is also termed as<br />
tertiary recovery process as it takes place after primary and secondary oil recoveries. <strong>Oil</strong><br />
extracted via primary recovery accounts for 5% to 15% of the total reservoir while secondary<br />
recovery can extract about 20% to 60% of the total oil present in the reservoir. By installing<br />
enhanced oil recovery technology, 35% to 75% oil can easily be extracted from the oil reservoir.<br />
<strong>Enhanced</strong> oil recovery method is widely being adopted by the oil & gas market participants for<br />
their aged and newly explored wells. In addition, new technologies are being developed to<br />
improve the efficiency of the enhanced oil recovery technique. <strong>GCC</strong> is one of the mature oil<br />
extractors and has quite a good number of aged oil wells. To extract the proved reserves, oil<br />
extraction companies are pushing the use of enhanced oil recovery in existing oil wells. Besides,<br />
a number of new methods are being developed in the market such as chemical enhanced oil<br />
recovery to reduce the cost of oil recovery. On the basis of technology, enhanced oil recovery<br />
market in <strong>GCC</strong> can be broadly categorized as thermal enhanced oil recovery, gas/CO2 enhanced<br />
oil recovery, and chemical enhanced oil recovery. Thermal enhanced oil recovery technology<br />
consumes hot water and steam to stimulate the extraction of crude oil from the reservoir. Old oil<br />
wells of <strong>GCC</strong>, with heavy and viscous oil flow are adopting this technique on a larger scale. The<br />
commonly used steam injection enhanced oil recovery methods are cyclic steam stimulation<br />
(CSS), steam assisted gravity drainage (SAGD) and steam flooding.
Report Description<br />
Gas injection enhanced oil recovery utilizes CO2. Therefore, it also solves the greenhouse gas<br />
disposal issue. Growing regulatory norms of <strong>GCC</strong> to reduce greenhouse gas emission is therefore<br />
supplementing the gas enhanced oil recovery method. Gas enhanced oil recovery can be further<br />
categorized as CO2 based, nitrogen based and hydrogen based. Further, chemical injection<br />
enhanced oil recovery can be categorized as polymer based, surfactant solution based, alkali<br />
based, microbial based and others. One of the major technological trends of the <strong>GCC</strong> enhanced<br />
oil recovery market is to combine chemical enhanced oil recovery technique with other EOR<br />
technologies to derive maximum advantage.<br />
Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gc-<br />
134<br />
<strong>GCC</strong> is expected to show the highest growth rate in the global enhanced oil recovery market.<br />
This is mainly attributed to the growing number of oil reserves which exist in the Middle East.<br />
More than 8 Bn barrels of oil are expected to remain performing primary and secondary<br />
operations on Gulf of Mexico offshore reservoirs. Such factors are pushing the demand for new<br />
enhanced oil recovery installation in <strong>GCC</strong>. Due to such factors coupled with Go Green strategies,<br />
<strong>GCC</strong> is developing a number of enhanced oil recovery techniques that are renewable or biobased,<br />
such as the development of solar-powered thermal enhanced oil recovery.
Report Description<br />
Request For TOC@ http://www.futuremarketinsights.com/toc/rep-gc-134<br />
Many Gulf countries are witnessing gas supply shortage; however, they have high subsidies for<br />
fuel which alter the retail price of gas. Thus, market participants such as GlassPoint developed<br />
solar steam generators for the oil & gas industry to be used in enhanced oil recovery. One of the<br />
key strategies of the <strong>GCC</strong> enhanced oil recovery market is to develop patented technologies. For<br />
instance, Gulf Energy LLC has developed microbial enhanced oil recovery system considering<br />
water scarcity in <strong>GCC</strong>. Further, companies are also involved in the strategy of expansion through<br />
exploration of new fields. With the emergence of the <strong>GCC</strong> EOR market, it is expected that<br />
affiliated markets such as technology services, maintenance services and consulting services will<br />
also grow. <strong>Market</strong> participants are also expanding their business in the service model.<br />
Browse Full Report@ http://www.futuremarketinsights.com/reports/gcc-enhanced-oilrecovery-market
About Us<br />
Report Description<br />
Future <strong>Market</strong> Insights<br />
Future <strong>Market</strong> Insights (FMI) is a premier provider of syndicated<br />
research reports, custom research reports, and consulting services.<br />
We deliver a complete packaged solution, which combines current<br />
market intelligence, statistical anecdotes, technology inputs, valuable<br />
growth insights, aerial view of the competitive framework, and<br />
future market trends.<br />
We provide research services at a global as well as regional level;<br />
key regions include <strong>GCC</strong>, ASEAN, and BRIC.<br />
Research Capabilities<br />
•Customized Research<br />
•Syndicated Research<br />
•Investment Research<br />
•Social Media Research<br />
Sector Coverage<br />
•Automotive and Transportation<br />
•Electronics, Semiconductor, and ICT<br />
•Retail and Consumer Products<br />
•Industrial Automation and Equipment<br />
•Chemicals & Materials<br />
•Food and Beverages<br />
•Services and Utilities<br />
•Energy, Mining, <strong>Oil</strong>, and Gas
Thank You!<br />
To know more about us, please visit our website:<br />
www.futuremarketinsights.com<br />
For sales queries or new topics email us on:<br />
sales@futuremarketinsights.com<br />
For other queries contact: Mr. Sudip Saha<br />
Future <strong>Market</strong> Insights: 616 Corporate Way, Suite 2-9018,<br />
Valley Cottage, NY 10989, United States
Change language