“Global CO2 EOR spending expected to reach $18.5 billion In 2019” says Visiongain report
13 December 2018
Visiongain’s new report Carbon Dioxide (CO2) Enhanced Oil Recovery (EOR) Market Report: Production (MMbbls/yr) & CAPEX ($m) Forecasts for CO2 Injection (featuring Miscible & Immiscible) Forecasts for CO2 Transmission Infrastructure (CO2 Pipeline Networks) and Naturally Occurring CO2 Sources; and Capacity (MMtpa) & CAPEX ($m) Forecasts for Anthropogenic Carbon Capture & Storage (CCS) for CO2 EOR Plus Leading Country/ Region and Company Analysis indicates that the global CO2 EOR market will see $18.5bn in spending in 2019.
The lead analyst of the report said: "Although offering a slower rate of return than shale (tight) oil investment, CO2 EOR is still affordable and will only get more so with rising carbon prices and high decommissioning costs at mature fields. With increasing number of mature fields around the world, CO2 EOR could prove an effective method of prolonging the life of reservoirs. The U.S. and China remain an attractive destination for CO2 EOR projects around the globe."
The 165-page report contains 123 tables, charts and graphs that add visual analysis in order to explain developing trends within the CO2 EOR market. Visiongain provides oil production (MMbbls/yr), capital expenditure (CAPEX) forecasts for the period 2019-2029, as well as forecasts and analysis for three major CO2 EOR cost components (CO2 sources, pipelines and injection). The report also includes market forecasts and analysis for six leading national markets and two regional markets.
In addition, the report contains a dedicated leading companies’ chapter including extensive profiles, for the 15 leading companies, operating within the carbon dioxide enhanced oil recovery market space.
Carbon Dioxide (CO2) Enhanced Oil Recovery (EOR) Market 2019-2029 will be of value to anyone who wants to better understand the CO2 EOR market and its dynamics. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the CO2 EOR industry.
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