10 September 2016
Visiongain’s new 269 page report Chemical Enhanced Oil Recovery (EOR) Market : Spending and Production Forecasts for Polymers, Surfactants, Biopolymers and ASP indicates that spending on chemical EOR projects will total $2.402bn and incremental oil production will reach 352,161 bbl/d in 2016.
The lead analyst of the report commented that: “The global chemical enhanced oil recovery (cEOR) market is anticipated to expand significantly over the next decade, driven by energy security requirements, increasing global oil demand and technology development. Though oil prices are currently challenging the economics of some chemical EOR projects, both production and spending will increase over the next ten years as pilot projects are established and move towards commercial production.”
The report includes 216 tables, charts, and graphs that analyse the chemical EOR market. Forecasts (spending and production) are provided for 6 technology submarkets (polymer, ASP, surfactant, biopolymer, ASP/polymer, polymer/surfactant) and 15 leading national and regional markets (China, Canada, Russia, Oman, Rest of the Middle East, Indonesia, Venezuela, Colombia, Rest of Latin America, US, India, Mexico, North Sea, Malaysia, Rest of the World). The report also provides profiles (including market shares) for the 10 leading chemical EOR project operators, as well as profiling the leading companies providing chemicals for EOR. An exclusive interview with Natesh Gurumurthi from Kemira provides expert opinion alongside visiongain’s forecasts and analysis.
The Chemical Enhanced Oil Recovery EOR Market Forecast : Prospects for Top Companies in Polymers, Surfactants, Biopolymers and ASP report will be of value to anyone who wants to better understand the industry and its dynamics. It will be useful for businesses already involved in segment of the chemical EOR market, or for those wishing to enter this growing market in the future.
Notes for Editors
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Visiongain expects that various public support mechanisms will remain the principal driver throughout the forecast period. Estimates for the cost of CCS range between research papers as well as between capture technologies and plant characteristics.
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