According to a market report by Lucintel, the future of the global enhanced oil recovery market looks promising with opportunities in the onshore and offshore markets. The global enhanced oil recovery market is expected to reach an estimated $58 billion by 2030 from $40 billion in 2024 at a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are diminishing production from the current oilfields and an increase in the number of older wells, continuous improvements in EOR technologies, like state-of-the-art reservoir management systems and well drilling, as well as, growing demand for energy.
A more
than 150-page report to understand trends, opportunity and forecast in enhanced
oil recovery market to 2030 by technology (thermal EOR, chemical EOR, gas EOR,
and others), application (onshore and offshore), and region (North America,
Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that thermal EOR will remain the largest segment over the forecast
period because it reduces viscosity and increases oil movement through the
reservoir.
Download
sample by clicking on enhanced oil recovery market.
North
America will remain the largest region over the forecast period due to the nations mature fields and numerous unconventional oil and gas resources, which
call for sophisticated extraction methods to increase production from
already-existing wells.
Halliburton,
Schlumberger, Baker Hughes, Royal Dutch Shell, BASF, Linde, Air Liquide,
TechnipFMC, ChampionX, XYTEL are the major suppliers in the enhanced oil recovery market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056
or write us at helpdesk@lucintel.com. To get
access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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