1 Report Overview

1.1 Global Carbon Dioxide (CO2) Enhanced Oil Recovery (EOR) Market Overview

1.2 Market Structure Overview and Market Definition

1.3 Methodology

1.4 Why You Should Read This Report

1.5 How This Report Delivers

1.6 Key Questions Answered by This Analytical Report Include:

1.7 Who is This Report For?

1.8 Frequently Asked Questions (FAQ)

1.9 Associated Visiongain Reports

1.10 About Visiongain

2 Introduction to the Carbon Dioxide Enhanced Oil Recovery Market

2.1 The Main Costs Involved in CO2 EOR Operations

2.2 Where is CO2 Sourced From?

2.3 Miscible and Immiscible EOR Methods

2.4 Advantages and Disadvantages of Using CO2 for EOR

3 Global Carbon Dioxide Enhanced Oil Recovery Market 2020-2030

3.1 Global Carbon Dioxide Enhanced Oil Recovery Market Forecast 2020-2030

3.2 Drivers and Restraints in the CO2 EOR Market

3.2.1 Drivers in the CO2 EOR Market

3.2.2 Restraints in the CO2 EOR Market

3.2.3 CO2 EOR Breakeven Price Analysis

3.3 Oil Prices

3.3.1 Visiongain’s Description and Analysis of the Oil Price Fall

3.3.1.1 Supply-Side Factors

3.3.1.2 Tight Oil

3.3.1.3 OPEC

3.3.1.4 Demand-Side Factors

3.3.1.5 Increasing Oil Demand in Asian Countries

3.3.1.6 Other Major Variables that Impact the Oil Price

3.3.1.7 Russia

3.3.1.8 US Shale Industry

3.3.2 Barriers to Entry Analysis

4 Carbon Dioxide Enhanced Oil Recovery Submarket Forecasts 2020-2030

4.1 Global CO2 EOR Market Forecast by Component

4.1.1 The CO2 EOR Source Submarket Forecast 2020-2030

4.1.2 The CO2 EOR Pipeline Submarket Forecast 2020-2030

4.1.3 The CO2 EOR Injection Submarket Forecast 2020-2030

5 The Leading National CO2 EOR Market Forecasts 2020-2030

5.1 The U.S. CO2 EOR Market Forecast 2020-2030

5.1.1 History of CO2 EOR in the U.S.

5.1.2 Where are the CO2 EOR Projects in the U.S. Located?

5.1.3 Where is the CO2 Sourced From?

5.1.4 Drivers and Restraints in the U.S. CO2 EOR Market 2020-2030

5.2 The Chinese CO2 EOR Market Forecast 2020-2030

5.2.1 A Brief History of EOR in China

5.2.2 Current Chinese CO2 EOR Projects

5.2.3 Anthropogenic CO2 Providers in China

5.2.4 Drivers and Restraints in the Chinese CO2 EOR Market 2020-2030

5.3 The Canadian CO2 EOR Market Forecast 2020-2030

5.3.1 Current and Upcoming Canadian CO2 EOR Projects

5.3.2 Anthropogenic CO2 Providers in Canada

5.3.3 Drivers and Restraints in the Canadian CO2 EOR Market 2020-2030

5.4 The UAE CO2 EOR Market Forecast 2020-2030

5.4.1 Current and Upcoming UAE CO2 EOR Projects

5.4.2 Anthropogenic CO2 providers in the UAE

5.4.3 Drivers and Restraints in the UAE CO2 EOR Market 2020-2030

5.5 The Brazilian CO2 EOR Market Forecast 2020-2030

5.5.1 Current and Upcoming Brazilian CO2 EOR Projects

5.5.2 Anthropogenic CO2 Providers in Brazil

5.5.3 Drivers and Restraints in the Brazilian CO2 EOR Market 2020-2030

5.6 The Russian CO2 EOR Market Forecast 2020-2030

5.6.1 The Rest of Europe CO2 EOR Market Forecast 2020-2030

5.6.2 Drivers and Restraints in the Rest of Europe CO2 EOR Market

5.7 The Qatari CO2 EOR Market Forecast 2020-2030

5.8 The Malaysia CO2 EOR Market Forecast 2020-2030

5.8.1 The Malaysian CO2 EOR Market 2020-2030

5.9 The Indonesia CO2 EOR Market Forecast 2020-2030

5.10 The Vietnam CO2 EOR Market Forecast 2020-2030

5.10.1 The Vietnamese CO2 EOR Market 2020-2030

5.11 The Saudi Arabia CO2 EOR Market Forecast 2020-2030

5.11.1 The Saudi-Arabian CO2 EOR Market 2020-2030

5.12 The Rest of the World CO2 EOR Market Forecast 2020-2030

5.12.1 CO2 EOR Projects and Potential in the Rest of the World

6 PESTEL Analysis of the Carbon Dioxide (CO2) Enhanced Oil Recovery Market

6.1 Political

6.2 Economic

6.3 Social

6.4 Technological

6.5 Environment

6.6 Legal

7 The Leading Companies in the CO2 Enhanced Oil Recovery Market

7.1 Kinder Morgan

7.2 Denbury Resources

7.3 Hilcorp Energy Company

7.4 Whiting Petroleum Corporation

7.5 Occidental Petroleum Corporation

7.6 Fleur de Lis Energy

7.7 Hess Corporation

7.8 Chaparral Energy Inc.

7.9 Chevron

7.10 Apache Corporation

7.11 Cenovus Energy Inc.

7.12 China National Petroleum Corporation (CNPC)

7.13 Husky Energy

7.14 Petroleo Brasileiro S.A. (Petrobras)

7.15 Sinopec Group

8 Conclusions and Recommendations

8.1 Key Findings

8.2 Recommendations

9 Glossary

Associated Visiongain Reports

Visiongain Report Sales Order Form

Appendix A

About Visiongain

Appendix B

List of Figures

Figure 1.1 Global CO2 EOR Market Structure Overview

Figure 3.1 Global CO2 EOR Market Forecast 2020-2030 (Mbbl/yr, AGR %)

Figure 3.2 Global CO2 EOR Market Forecast 2020-2030 ($b, AGR%)

Figure 3.3 Leading National CO2 EOR Production Market Share Forecast 2020, 2025, and 2030 (%)

Figure 3.4 Leading National CO2 EOR Spending Market Share Forecast 2020, 2025, and 2030 (%)

Figure 3.5 WTI and Brent Oil Prices 2010-2019 ($/bbl)

Figure 3.6 OPEC Members Oil Production (tb/d) 2017-2019 (Q1, Q2, Q3 Average)

Figure 4.1 CO2 EOR Market Share Forecast 2020 (%)

Figure 4.2 CO2 EOR Market Share Forecast 2025 (%)

Figure 4.3 CO2 EOR Market Share Forecast 2030 (%)

Figure 4.4 CO2 EOR Submarkets Forecast 2020-2030 ($b)

Figure 4.5 CO2 EOR Submarkets Cumulative Spending Forecast 2020-2030 ($b)

Figure 4.6 CO2 EOR Sources Markets Forecast 2020-2030 ($b)

Figure 4.7 CO2 EOR Pipelines Markets Forecast 2020-2030 ($b)

Figure 4.8 CO2 EOR Injection Markets Forecast 2020-2030 ($b)

Figure 5.1 Global CO2 EOR Market Forecast 2020-2030 (MMbbl/yr, AGR %)

Figure 5.2 Global CO2 EOR Market Forecast 2020-2030 ($b, AGR%)

Figure 5.3 Leading National CO2 EOR Production Market Share Forecast 2020, 2025, and 2030 (%)

Figure 5.4 Leading National CO2 EOR Spending Market Share Forecast 2020, 2025, and 2030 (%)

Figure 5.5 US CO2 EOR Production Market Forecast 2020-2030 (MMbbl/yr, AGR %)

Figure 5.6 US CO2 EOR Spending Market Forecast 2020-2030 ($b, AGR %)

Figure 5.7 Location of U.S. Carbon Dioxide Enhanced Oil Recovery Projects, Carbon Dioxide Sources and Carbon Dioxide Pipelines

Figure 5.8 Naturally Occurring CO2 Production in the U.S. (MMscfd)

Figure 5.9 Naturally Occurring CO2 Proven Reserves in the U.S. (Bscf)

Figure 5.10 China CO2 EOR Production Market Forecast 2020-2030 (MMbbl/yr, AGR %)

Figure 5.11 China CO2 EOR Spending Market Forecast 2020-2030 ($b, AGR %)

Figure 5.12 Canada CO2 EOR Production Market Forecast 2020-2030 (MMbbl/yr, AGR %)

Figure 5.13 Canada CO2 EOR Spending Market Forecast 2020-2030 ($b, AGR %)

Figure 5.14 UAE CO2 EOR Production Market Forecast 2020-2030 (MMbbl/yr, AGR %)

Figure 5.15 UAE CO2 EOR Spending Market Forecast 2020-2030 ($b AGR %)

Figure 5.16 Brazil CO2 EOR Production Market Forecast 2020-2030 (MMbbl/yr, AGR %)

Figure 5.17 Brazil CO2 EOR Spending Market Forecast 2020-2030 ($b, AGR %)

Figure 5.18 Russia CO2 EOR Production Market Forecast 2020-2030 (MMbbl/yr, AGR %)

Figure 5.19 Russia CO2 EOR Spending Market Forecast 2020-2030 ($b, AGR %)

Figure 5.20 Rest of Europe CO2 EOR Production Market Forecast 2020-2030 (MMbbl/yr, AGR %)

Figure 5.21 Rest of Europe CO2 EOR Spending Market Forecast 2020-2030 ($b, AGR %)

Figure 5.22 EU Emission Allowances (EUA) Price 2008-2019 (EUR/t)

Figure 5.23 Qatar CO2 EOR Production Market Forecast 2020-2030 (MMbbl/yr, AGR %)

Figure 5.24 Qatar CO2 EOR Spending Market Forecast 2020-2030 ($b, AGR %)

Figure 5.25 Malaysia CO2 EOR Production Market Forecast 2020-2030 (MMbbl/yr, AGR %)

Figure 5.26 Malaysia CO2 EOR Spending Market Forecast 2020-2030 ($b, AGR %)

Figure 5.27 Indonesia CO2 EOR Production Market Forecast 2020-2030 (MMbbl/yr, AGR %)

Figure 5.28 Indonesia CO2 EOR Spending Market Forecast 2020-2030 ($b, AGR %)

Figure 5.29 Vietnam CO2 EOR Production Market Forecast 2020-2030 (MMbbl/yr, AGR %)

Figure 5.30 Vietnam CO2 EOR Spending Market Forecast 2020-2030 ($b, AGR %)

Figure 5.31 Saudi Arabia CO2 EOR Production Market Forecast 2020-2030 (MMbbl/yr, AGR %)

Figure 5.32 Saudi Arabia CO2 EOR Spending Market Forecast 2020-2030 ($b, AGR %)

Figure 5.33 Rest of the World CO2 EOR Production Market Forecast 2020-2030 (MMbbl/yr, AGR %)

Figure 5.34 Rest of the World CO2 EOR Spending Market Forecast 2020-2030 ($b, AGR %)

Figure 7.1 Kinder Morgan Total Revenue 2014-2018 (US$ million, AGR %)

Figure 7.2 Kinder Morgan CO2 Business Segment Revenue 2014-2018 (US$ million, AGR %)

Figure 7.3 Denbury Resources Total Revenue 2014-2018 (US$ million, AGR %)

Figure 7.4 Whiting Petroleum Corporation Total Revenue 2014-2018 (US$ million, AGR %)

Figure 7.5 Whiting Petroleum Corporation Revenue Share (2018) by operating activity (Share %)

Figure 7.6 Occidental Petroleum Corporation Total Revenue 2014-2018 (US$ million, AGR %)

Figure 7.7 Occidental Petroleum Corporation Revenue Share by Business Segment (Share, %)

Figure 7.8 Occidental Petroleum Corporation Oil and Gas Segment Revenue 2014-2018 (US$ million, AGR %)

Figure 7.9 Hess Corporation Total Revenue 2014-2018 (US$ million, AGR %)

Figure 7.10 Hess Corporation Revenue by Operating Activity 2018 (Share, %)

Figure 7.11 Chaparral Energy Inc Total Revenue 2014-2018 (US$ million, AGR %)

Figure 7.12 Chevron Total Revenue 2014-2018 (US$ million, AGR %)

Figure 7.13 Chevron Revenue Share by Operating Activity 2018 (Share %)

Figure 7.14 Apache Corporation Total Revenue 2014-2018 (US$ million, AGR %)

Figure 7.15 Apache Corporation Revenue by Operating Activity, 2018 (Share, %)

Figure 7.16 Cenovus Energy Total Revenue 2014-2018 (US$ million, AGR %)

Figure 7.17 Cenovus Energy Revenue by Operating Activity, 2018 (Share, %)

Figure 7.18 CNPC Total Revenue 2014-2018 (US$ million, AGR %)

Figure 7.19 Husky Energy Total Revenue 2014-2018 (US$ million, AGR %)

Figure 7.20 Husky Energy Revenue by Business Segment, 2018 (Share, %)

Figure 7.21 Petrobras Total Revenue 2014-2018 (US$ million, AGR %)

Figure 7.22 Petrobras Revenue by Business Segment, 2018 (Share, %)

Figure 7.23 Sinopec Group Total Revenue 2014-2018 (US$ million, AGR %)

Figure 7.24 Sinopec Group Revenue by Business Segment, 2018 (Share, %)

List of Tables

Table 2.1 Global CO2 EOR (Miscible/Immiscible) Market Forecast 2020-2030 (Million Barrel, AGR %, Cumulative)

Table 2.2 Global CO2 EOR (Miscible/Immiscible) Market Forecast 2020-2030 (Spending $mn, AGR %, Cumulative)

Table 2.3 Advantages and Disadvantages of Using CO2 for EOR

Table 3.1 Global CO2 EOR Market Forecast 2020-2030 (MMbbl/yr, Spending $b, AGR %, CAGR % Cumulative)

Table 3.2 Drivers and Restraints in the CO2 EOR Market

Table 4.1 Global CO2 EOR Submarkets Forecast 2020-2030 ($b, AGR %, Cumulative)

Table 4.2 Global CO2 EOR Source Submarkets Forecast 2020-2030 ($b, AGR %, Cumulative)

Table 4.3 CO2 EOR Source Submarket Drivers and Restraints

Table 4.4 Global CO2 Pipelines Submarkets Forecast 2020-2030 ($b, AGR %, Cumulative)

Table 4.5 CO2 Pipelines Submarket Drivers and Restraints

Table 4.6 Global CO2 Injection Submarkets Forecast 2020-2030 ($b, AGR %, Cumulative)

Table 5.1 Leading National CO2 EOR Market Forecast 2020-2030 (Mbbl/yr, AGR %, CAGR %, Cumulative)

Table 5.2 Leading National CO2 EOR Market Forecast 2020-2030 (Spending $bn, AGR %, Cumulative)

Table 5.3 US CO2 EOR Market Forecast 2020-2030 (MMbbls/yr production, Spending $b, AGR %, CAGR %, Cumulative)

Table 5.4 U.S. Regional Submarkets (Name, Location, Number of CO2 EOR Projects, Production)

Table 5.5 Operating & Planned Anthropogenic CO2 Providers Facilities in the U.S. (Location, Companies, MMtpa Capacity, Operation Date and Clients)

Table 5.6 Drivers and Restraints in the US CO2 EOR Market

Table 5.7 15 Largest Companies in CO2 EOR (Production) and Shale (Tight) Oil

Table 5.8 China CO2 EOR Market Forecast 2020-2030 (MMbbl/yr production, Spending $b, AGR %, CAGR %, Cumulative)

Table 5.9 Operating & Planned Anthropogenic CO2 Provider Facilities in China (Location, Companies, MMtpa Capacity and Operation Date)

Table 5.10 Drivers and Restraints in the Chinese CO2 EOR Market

Table 5.11 Canada CO2 EOR Market Forecast 2020-2030 (MMbbl/yr production, Spending $b, AGR %, CAGR %, Cumulative)

Table 5.12 Operational & Planned Canadian CO2 EOR Projects (Name, Company, Gas Source, Start Date, bpd Production and bpd Peak Production)

Table 5.13 Operating & Planned Anthropogenic CO2 Providers Facilities in Canada (Location, Companies, MMtpa Capacity, Operation Date and Clients)

Table 5.14 Drivers and Restraints in the Canadian CO2 EOR Market

Table 5.15 Canadian CO2 EOR Pilots (Project Name, Operator, Operational Dates, bbls Total Oil Production)

Table 5.16 UAE CO2 EOR Market Forecast 2020-2030 (MMbbl/yr production, Spending $b, AGR %, CAGR %, Cumulative)

Table 5.17 Operational & Planned UAE CO2 EOR Projects (Name, Company, Gas Source, Start Date, bpd Production 2016 and bpd Peak Production)

Table 5.18 Operating & Planned Anthropogenic CO2 Provider Facilities in the UAE (Location, Companies, Capacity (MMtpa), Operation date and Clients)

Table 5.19 Drivers and Restraints in the UAE CO2 EOR Market

Table 5.20 Brazil CO2 EOR Market Forecast 2020-2030 (MMbbl/yr production, Spending $b, AGR %, CAGR %, Cumulative)

Table 5.21 Operational & Planned Brazilian CO2 EOR Projects (Name, Company, Gas Source, Start Date, bpd Production 2016 and bpd Peak Production)

Table 5.22 Operating & Planned Anthropogenic CO2 Provider Facilities in Brazil (Location, Companies, Capacity (MMtpa), Operation date and Clients)

Table 5.23 Drivers and Restraints in the Brazilian CO2 EOR Market

Table 5.24 Russia CO2 EOR Market Forecast 2020-2030 (MMbbl/yr production, Spending $b, AGR %, CAGR %, Cumulative)

Table 5.25 Rest of Europe CO2 EOR Market Forecast 2020-2030 (MMbbl/yr production, Spending $b, AGR %, CAGR %, Cumulative)

Table 5.26 Drivers and Restraints in the Rest of Europe CO2 EOR Market

Table 5.27 Qatar CO2 EOR Market Forecast 2020-2030 (MMbbl/yr production, Spending $b, AGR %, CAGR %, Cumulative)

Table 5.28 Malaysia CO2 EOR Market Forecast 2020-2030 (MMbbl/yr production, Spending $b, AGR %, CAGR %, Cumulative)

Table 5.29 Indonesia CO2 EOR Market Forecast 2020-2030 (MMbbl/yr production, Spending $b, AGR %, CAGR %, Cumulative)

Table 5.30 Vietnam CO2 EOR Market Forecast 2020-2030 (MMbbl/yr production, Spending $b, AGR %, CAGR %, Cumulative)

Table 5.31 Saudi Arabia CO2 EOR Market Forecast 2020-2030 (MMbbl/yr production, Spending $b, AGR %, CAGR %, Cumulative)

Table 5.32 Rest of the World CO2 EOR Market Forecast 2020-2030 (MMbbl/yr production, Spending $b, AGR %, CAGR %, Cumulative)

Table 7.1 Kinder Morgan 2018 (CEO, Strongest Business Region, Total Revenue $m, Earnings from CO2 $m, HQ, Founded, No. of Employees, IR Contact, Ticker, Website)

Table 7.2 Denbury Resources 2018 (CEO, Strongest Business Region, HQ, Founded, Total Revenue $m 2018, Average Daily Production 2018, Proved Oil & Gas Reserves MBOE, Proved CO2 Reserves MMcf, No. of Employees, IR Contact, Ticker, Website)

Table 7.3 Hilcorp Energy Company 2018 (CEO, Total Revenue $m 2018, HQ, Founded, No. of Employees, IR Contact, Website)

Table 7.4 Whiting Petroleum Corporation 2018 (CEO, HQ, Founded, Net Income $m 2018, No. of Employees, IR Contact, Website)

Table 7.5 Occidental Petroleum Corporation 2018 (CEO, Strongest Business Region, HQ, Address, Founded, No. of Employees, Company Sales $m 2018, Business Segments, IR Contact, Ticker, Website)

Table 7.6 Fleur de Lis Energy 2018 (CEO, Strongest Business Region, HQ, Founded, No. of Employees, IR Contact, Ticker, Website)

Table 7.7 Hess Corporation 2018 (CEO, Strongest Business Region, HQ, Founded, Total Revenue $m 2018, No. of Employees, IR Contact, Ticker, Website)

Table 7.8 Chaparral Energy Inc. 2018 (CEO, Strongest Business Region, HQ, Founded, No. of Employees, IR Contact, Ticker, Website)

Table 7.9 Chevron 2018 (CEO, Strongest Business Region, HQ, Founded, Total Company Revenue $m 2017, Business Segments, No. of Employees, IR Contact, Ticker, Website)

Table 7.10 Apache Corporation 2018 (CEO, Strongest Business Region, HQ, Oil & Gas Production Revenues $m 2017, Founded, No. of Employees, IR Contact, Ticker, Website)

Table 7.11 Cenovus Energy Inc. 2018 (CEO, Strongest Business Region, HQ, Founded, Total Revenue $m 2018, No. of Employees, IR Contact, Ticker, Website)

Table 7.12 China National Petroleum Corporation 2018 (CEO, Strongest Business Region, HQ, Founded, Total Revenue $m 2018, Total Reserves in mmboe, No. of Employees, IR Contact, Ticker, Website)

Table 7.13 Husky Energy 2018 (CEO, Strongest Business Region, HQ, Founded, Company Sales $m 2018, Business Segments, No. of Employees, IR Contact, Ticker, Website)

Table 7.14 Petrobras 2018 (CEO, Strongest Business Region, HQ, Founded, Total Revenue $m, Proven Reserves in mmboe, No. of Employees, IR Contact, Ticker, Website)

Table 7.15 Sinopec 2018 (CEO, Strongest Business Region, HQ, Founded, Company Revenue 2018 $b, No. of Employees, IR Contact, Ticker, Website)

Table 8.1 Global CO2 EOR Market Forecast 2020-2030 (MMbbl/yr, Spending $b, AGR %, CAGR % Cumulative)

Table 8.2 Leading National CO2 EOR Market Forecast 2020-2030 (Mbbl/yr, AGR %, CAGR %, Cumulative)