“Global CO2 EOR spending expected to reach $22.13bn in 2020” says Visiongain report

24 January 2020
Energy

Visiongain’s new report Carbon Dioxide (CO2) Enhanced Oil Recovery (EOR) Market 2020-2030: Production (MMbbls/yr) & CAPEX ($b) Forecasts for CO2 Injection (Featuring Miscible & Immiscible) Forecasts for CO2 Transmission Infrastructure (CO2 Pipeline Networks) and Naturally Occurring CO2 Sources, and Capacity (MMtpa) & CAPEX ($b) Forecasts for Anthropogenic Carbon Capture & Storage (CCS) for CO2 EOR Plus Leading Country / Region and Company Analysis Sources, and Capacity (MMtpa) & CAPEX ($m) Forecasts for Anthropogenic Carbon Capture & & Storage (CCS) for CO2 EOR indicates that the global CO2 EOR market will see $22.13bn in spending in 2020.

The lead analyst of the report said: "The dynamic changes in the oil and gas industry are naturally going to affect the CO2 EOR submarket the current decade. OPEC+ production limitations and the discussion for their further extension after March, as well as the American shale oil and gas producers revenue reductions, challenge and negatively, affect the oil enhancement submarkets and naturally CO2 EOR production too. On the other hand, the increasing number of mature fields around the world could prove CO2 EOR as an effective method of prolonging the life of reservoirs and boost its share of output in the global oil and gas market over the next ten years. The U.S. and China remain an attractive destination for CO2 EOR projects around the globe, while the United Arab Emirates have the potential to emerge as a dynamic player in the market."

The 173-page report includes and analyses five more countries, while it contains 133 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 2020-2030, 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 and insightful charts and figures, for the 15 leading companies, operating within the carbon dioxide enhanced oil recovery market space.

Carbon Dioxide (CO2) Enhanced Oil Recovery (EOR) Market 2020-2030 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 comprehend the part of the market better they are already involved in, or those wishing to enter or expand into a different regional or technical part of the CO2 EOR industry.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business conferences, newsletters, management reports and e-zines focusing on the energy, telecoms, pharmaceutical, defence and materials sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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