Reportlinker Adds EOR Enhanced Oil Recovery Worldwide

NEW YORK, May 5 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

EOR Enhanced Oil Recovery Worldwide

http://www.reportlinker.com/p0187232/EOR-Enhanced-Oil-Recovery-Worldwide.html

Enhanced oil recovery (EOR), also referred to as improved oil recovery or tertiary oil recovery, is most often achieved by injecting a liquid or gas into an oil reservoir, thereby lowering oil viscosity and increasing the amount of oil available for production. Some of the more common EOR methods include CO2-EOR, thermal EOR and chemical EOR. Microbial EOR and seismic EOR also hold a strong niche in the EOR market. While only about 10% - 30% of oil is typically extracted by conventional oil production processes, EOR methods can enhance these recovery rates by an additional 5% to 20%, on a conservative average.

The global market for EOR, estimated at nearly $62.5 billion (for barrels of crude oil) for 2009, has shown exciting growth since 2005, when it totaled $3.1 billion. Technological challenges, hazy regulations, and costly implementation have often kept oil companies from using EOR. However, EOR is quickly becoming more feasible, due to rising government interest and investment, new technologies, and increased availability of required materials (such as CO2). It is expected EOR will continue to perform extremely well in the world marketplace.

The world's governments' interest in EOR has been fueled by a number of factors, the most obvious being an increase in oil production. Besides increasing oil revenue, countries that are able to increase their oil production are often lowering their increase in demand for oil imports. There is also much anticipation regarding the use of CO2-EOR to sequester CO2 permanently in the ground. It is estimated 130 billion tons of CO2 worldwide could potentially be captured through the use of CO2-EOR, which would help to reduce industrial emissions, and in turn reduce greenhouse gas emissions. Some governments are also taking note that EOR has the potential to propel substantial economic growth. In Texas, where EOR now accounts for 20% of its oil production, it is estimated the benefits of EOR production will result in additional revenue of $200 billion and will create 1.5 million jobs.

Many of the world's oil fields have experienced or are experiencing a decline in oil production; using EOR has the potential to reverse this downward trend. Oman's historical oil production reflects this; between 2001 and 2007 its oil production fell by 27%, but by 2009, due mostly to EOR projects, oil production increased by 17%.

EOR Enhanced Oil Recovery Worldwide contains comprehensive historical (2005-2009) and forecast (2010-2015) data; plus EOR's share of overall standard oil production, market size in terms of barrels of oil, and dollar value. This report identifies key trends, regulations, new technologies, economic factors, environmental factors, and industry hurdles affecting the direction and size of market growth, and discusses market size and growth in various countries. Profiles of major - or simply interesting - companies using EOR are also included.

Report Methodology

The information in EOR Enhanced Oil Recovery Worldwide is based on data from government agencies, such as the U.S. Census Bureau, U.S. Department of Energy, and the Central Intelligence Agency; trade associations; business, science and law journals; company literature and websites; interviews with key individuals; and from research services and institutes from around the world.

How You Will Benefit from This Report

EOR Enhanced Oil Recovery Worldwide details significant trends, numbers, and technologies for a clear overview of the complex EOR market.

This report will help:

• Managers identify market opportunities and develop implementation plans for EOR.
• Research and development professionals stay on top of competitor initiatives, and to explore the ups and downs associated with EOR projects.
• Advertising agencies working with clients in the oil and energy industries to help design appropriate messages and images for the EOR market.
• Business development executives understand the dynamics of the market and identify possible partnerships.
• Information and research center librarians access vital information.

Chapter 1: Executive Summary

Market Scope

Report Methodology

EOR Overview and Regulation

Conventional Oil Recovery Leaves 70% of Oil in Reservoir

EOR Regulations Still in Early Stage of Development

Market Size and Growth

Figure 1-1: Total EOR Market Value Worldwide, 2005-2009 (in billion $)

EOR Share of Total Oil Market About 3.3%

Figure 1-2: EOR Share of Total Oil Market Dollars, 2009 (in %)

EOR Market Value Projected to Reach $1.3 Trillion by 2015

Figure 1-3: EOR Projected Growth Worldwide, in Dollar Value, 2009-2015 (in million $)

EOR Around the World

Saudi Arabia To Use CO2-EOR in World's Largest Oil Field

Canada's Alberta Oil Fields Especially Suited for CO2-EOR

Industry Advantages and Hurdles

The Price of Oil Has Reigns on EOR Market

Alternative Fuel Sources Become More Available

Funding for EOR R&D Fueling Market Growth

Not All EOR Methods Suitable for All Oil Fields

Current Technological Advances

Industrial Emissions of CO2 for EOR: Gasification Technology

Brightwater® Reservoir Sweep Efficiency Technology

Saudi Aramco Creating Microscopic Robots for EOR Monitoring

Environmental Factors and Impact

Carbon Capture Storage and Reducing Greenhouse Gases

Environmentalists May Stifle EOR Progress

Abbreviations

Table 1-1: Abbreviations Utilized in This Report

Chapter 2: EOR Overview and Regulation

Definition of EOR

Conventional Oil Recovery Leaves 70% Oil in Reservoir

The Beginnings of EOR

Phases of Oil Recovery

Primary Recovery

Secondary Recovery

Tertiary Recovery

Three Main Methods of EOR

Other Methods of EOR

EOR Regulations Still in Early Stage of Development

Increased Regulation and Market Growth Go Hand In Hand

The Kyoto Protocol

Carbon Emissions Trading Market

Clean Development Mechanism

Joint Implementation

The United Nations Climate Change Conference in Copenhagen

OPEC Aims to Coordinate and Unify Policies Among Countries

Fragmented Land Ownership Can be A Nightmare

Chapter 3: Market Size and Growth

Total Oil Production Value Reached Nearly $1.9 Trillion in 2009

Figure 3-1: Dollar Value of Total Worldwide Oil Production, 2005-2009 (in trillion $)

Total Oil Production Jumps in 2008

Figure 3-2: Value of Total Worldwide Oil Production, in Barrels, 2005-2009 (in barrels)

EOR Dollars Reach Nearly $62.5 Billion in 2009

Figure 3-3: Total EOR Market Value Worldwide, 2005-2009 (in billion $)

EOR Production Worldwide Nears 1.4 Billion Barrels in 2009

Figure 3-4: Total EOR Production Worldwide, in Barrels, 2005-2009 (in barrels)

EOR Growth Compared to Total Oil Growth

Figure 3-5: EOR Production Growth Compared to Total Oil Production Growth Worldwide, in Dollars, 2005-2009 (by % change)

EOR Share of Total Oil Market About 3.3%

Figure 3-6: EOR Share of Total Oil Market Dollars, 2009 (in %)

EOR Share of Global Oil Output, by Method

Figure 3-7: Share of Global EOR Output, by Method, 2009 (in barrels)

Worldwide Oil Production Projected to Continue Small Climb

Figure 3-8: Projected Total Oil Production Worldwide, in Barrels, 2009-2015 (in billion barrels)

Projected Worldwide Growth for EOR Monumental

Figure 3-9: Projected EOR Production Worldwide, in Barrels, 2009-2015 (in billion barrels)

EOR Market Value Projected to Reach $1.3 Trillion by 2015

Figure 3-10: EOR Projected Growth Worldwide, in Dollar Value, 2009-2015 (in million $)

EOR Projected Growth, in Three Scenarios

Figure 3-11: EOR Projected Growth Based on Oil Price per Barrel, Three Scenarios, 2009-2015 (in million $)

Table 3-1: EOR Projected Market Value in Dollars Based on Oil Price per Barrel, in Three Scenarios, 2010-2015 (in billions)

High Gas Prices Increase R & D Funding and Propel EOR Market

Figure 3-12: EOR Projected Market Growth, as Influenced by Potential Revenue for the Oil Industry Based on The Price of Oil, In Three Scenarios, 2009-2015 (barrels, in billions)

Table 3-2: EOR Market Growth, as Influenced by Potential Revenue for the Oil Industry, Based on The Price of Oil, 2009-2015 (percent growth in dollars)

EOR's Share Will Comprise One-third of Total Oil Market by 2015

Figure 3-13: Projected EOR Market Share Worldwide, 2015 (in barrels)

Figure 3-14: Projected EOR Market Share Worldwide, Considering Low Oil Price Scenario, 2015 (in barrels)

Figure 3-15: Projected EOR Market Share Worldwide, Considering High Oil Price Scenario, 2015 (in barrels)

EOR Share Worldwide

Figure 3-16: EOR Share Worldwide, by Country, 2009 (in barrels)

Figure 3-17: EOR Production Worldwide, by Country, 2009 (in barrels)

Countries New to EOR Change Market Share Dramatically

Figure 3-18: Projected EOR Worldwide Market Share of Production in Barrels, by Country, 2015 (in %)

Table 3-3: Projected EOR Worldwide Market Share in Production of Barrels by Country, with Percent Change, 2009-2015 (in %)

EOR Has Potential to Increase Global Oil Recovery by 18.0%

Figure 3-19: EOR's Potential Recovery, Compared to Conventional Methods Based on 2009 Worldwide Proven Reserves (in barrels)

EOR Potential and Proven Oil Reserves, by Country

Figure 3-20: Potential EOR Production by Country Based on 2009 Proven Oil Reserves, 2009 (barrels, in billions)

Table 3-4: Potential Conventional Recovery and EOR Based on Proven Oil Reserves, by Country, 2009 (barrels, in billions)

Potential Reserves Estimated at 14.0 Trillion Barrels

Figure 3-21: Potential EOR Recovery, 2009 (in trillion barrels)

EOR Equipment & Components

Chapter 4: EOR Around the World

Use of EOR Worldwide

Saudi Arabia To Use CO2-EOR in World's Largest Oil Field

Mature Oilfields in Russia Benefit from EOR

United States Favors CO2-EOR

BRIEF

Clean Coal Power Initiative

The Pipeline and Hazardous Materials Safety Administration

EPA Proposes New Well Category and Regulations for EOR

UIC Under Safe Drinking Water Act

National Environmental Policy Act

Tax Credit for CO2-EOR Sequestration in U.S.

Iran Not Investing in EOR

China Has Huge EOR Potential

Brazil Discovers Large Offshore Oil Field

EOR in Mexico Has Helped to Slow Production Decline

Canada's Alberta Oil Fields Especially Suited For CO2-EOR

Canada's Energy and Utility Board

Alberta's Oil & Gas Conservation Regulations

United Arab Emirates Major Expansion Program

EOR in Venezuela Has Potential to Add 40 Billion Barrels

EOR in Kuwait on Hold

Norway's EOR Production All Offshore

Threats from Armed Rebels Slow Oil Production in Nigeria

Algeria to Claim Roughly 2.4% of EOR Market Share by 2015

Iraq Offers Production-Service Contracts to International Companies

Foreign Oil Companies Invest in Angola's Oil Fields

Un-Sanctioned Libya Has Freedom to Move Forward

U.K. to Increase Productivity of Mature Fields Through EOR

Qatar Turns to EOR to Offset Anticipated Oil Declines

EOR May Save Oman's Oil Production

Syria Testing Cyclic-Steam EOR

Chapter 5: Industry Advantages and Hurdles

EOR Market Affects Global Economy

Global Economy Influences EOR Growth

The Price of Oil Has Reigns on EOR Market

Figure 5-1: The Historical Price of Oil, Worldwide Average, 1980-2009 (in dollars per barrel)

Demand for Oil Increasing Worldwide

Table 5-1: Oil Consumption Compared to Production, Exports, and Imports, Selected Countries, 2008 (in millions of barrels per day)

China Soon to Lead World in Energy Consumption

Figure 5-2: Historical and Projected Energy Consumption, Selected Countries (in quadrillion BTUs, 1990-2030)

High Demand for Petroleum Products Worldwide

Stringent Regulations May Stifle EOR Growth

Some Say Up to 1.0 Trillion Barrels of Oil Yet Undiscovered

"Easy" Oil Becoming Scarce

Figure 5-3: Worldwide Oil Share, by Oil Type, 2010

Oily Sands a Hidden Gold Mine

Only About One Quarter of World's Offshore Oil Produced

Potential CO2-EOR Sequestration Equals Nearly 130 Billion Tons

Figure 5-4: Anthropogenic Providers of CO2 for EOR Use, by Industry Type (Based on tons)

CO2 Industry Expanding Beyond EOR

Non-EOR Storage Options Available For CO2

Increase in CO2 Pipelines Create Market Stability

CO2 Producers Join Forces with EOR Industry

Enhanced Energy and Agrium Sign CO2 Agreement

Dow Chemical Provides CO2 to Denbury Onshore

Hunton's Coke Gasification 'Green' Energy Plant to Deliver CO2

SaskPower to Provide CO2 for EOR Projects

Rancher Signs CO2 Agreement with ExxonMobil

Business Focuses on Developing and Marketing EOR Chemicals

Alternative Fuel Sources Become More Available

BioDiesel

Methanol

Corn Ethanol

Cellulosic Biofuels

Synthetic Fuels

Liquid Coal Fuel

BioFuel from Algae

Solar Powered Cars

Fuel from Clean Coal Technology

Funding for EOR R&D Fueling Market Growth

Canada's Government Funds Alberta's 240-Kilometer CO2 Pipeline

Canada Commits $3.4 Billion to Pengrowth's CO2-EOR Project

Alberta Government Invests $271 Million in Gasification Project

United Kingdom Supporting Large Scale Demonstration in CCS

Increase in EOR Schemes Leads to Job Growth

Electric Cars Decrease Petroleum Demand

Rise of the Automobile in BRIC Countries

EOR Helps Foster Energy Independence in U.S.

Material Costs of EOR Fluctuate Wildly

Figure 5-5: Average CO2 Capture Cost, by Source (in tons)

Primary Recovery Methods Become More Advanced

U.S. Oil Market Fears Obama's Proposals

Commercial CCS in Coal Dependent Developing Countries

Some Countries Heavily Reliant on Money from Oil

Success Stories

DOE Sponsored Project Hits 1.0 Million-Ton Milestone for Injected CO2

Saskatchewan's Largest Full Scale Study of CO2 Storage

CO2-EOR Established Practice in Texas for More than 35 Years

Wyoming's Salt Creek Field Under CO2 Flood Since 1986

EOR Industry's Growing Pains

Not All EOR Methods Suitable for All Oil Fields

EOR Often Has Slow Implementation Process

EOR Startup Costs Can Be High

EOR Not as Viable for Small Producers

EOR in Its Infancy: Unforeseen Hurdles Yet to Come

Pure CO2 from Natural Sources Scarce

CO2 Pipelines Can Be High Maintenance

Future Worth of CO2-EOR Sequestration Sites Should Not Be Overlooked

Natural Disasters Unavoidable

CO2 Can Be Corrosive to Pipes

Peak Oil - Reality Or Myth?

Chapter 6: Current Technological Advances

Industrial Emissions of CO2 for EOR: Gasification Technology

Clean Carbon Technology Cleans up Coal's Dirty Reputation

MEOR Has Huge Potential, But Still Unreliable

4-D High Resolution Seismic Monitoring

3-D Seismic EOR Increases Production in SOME Wells

Horizontal Drilling Adds 11,000 BOPD to Rajasthan Barmer Field

Modifying CO2 Viscosity to Improve Reservoir Sweeps

BrightWater Reservoir Sweep Efficiency Technology

PetroLuxus Solution Offers "Green" Option for Oil Wells

Powerwave for Broader Distribution of CO2

Saudi Aramco Creating Microscopic Robots for EOR Monitoring

Canada's Coal to Liquids CO2 Capture Project

Dragon Uses KEP's Coriba Chemical Technology

Kansai-Mitsubishi Carbon Dioxide Recovery Process

Waterflood and Natural Gas in Alaska's Prudhoe Bay

Acrylamide Demand in EOR Growing Nearly 5.0% Per Year

Environmentally Friendly EncapSol Nanotechnology

Conoco Investing $400,000/Year for Nanotechnology Research

Some Polymer Flooding Systems Increase Production by 40.0%

Research for EOR Surfactants Ongoing

Joint Implementation of Vapor Extraction

Wettability Alternation Phenomena

Chapter 7: Environmental Factors and Impact

Increase in Oil Production Will Lead to Increase in Emissions

Roughly 83% of GHG Emissions are from CO2

CO2 Emissions Worldwide

Figure 7-1: Worldwide CO2 Emissions, Selected Countries (Based on 2006 data, in megatons)

Historic Emissions of CO2

Table 7-1: Historic CO2 Emissions, Selected Oil Producing Countries (1990-2006, in million metric tons)

Projected Emissions of CO2

Figure 7-2: Projected CO2 Emissions, Selected Oil Producing Countries, 1990-2030 (in million tons)

Carbon Capture Storage and Reducing Greenhouse Gases

EPA Endangerment Finding in the United States a Threat to EOR

Scientists Aim to Debunk Global Warming

CO2 Leakage May Compromise Integrity of EOR Projects

Environmentalists On EOR Land Patrol

Greenpeace Focuses on Oilsands Mining

Monetary Benefits May Outweigh Environmental Impact For Some in Alaska

Environmentalists May Stifle EOR Progress

Chapter 8: Company Strategies

EOR Used Mostly By Majors

Saudi Arabian Oil Company

Table 8-1: Saudi Arabian Oil Company, Profile

Corporate Overview

Performance

Portfolio

EOR Developments

PetroChina Company Limited

Table 8-2: PetroChina Company Limited, Profile

Overview

Portfolio

Performance

EOR Developments

Exxon Mobil Corporation

Table 8-3: Exxon Mobil Corporation, Profile

Corporate Overview

Performance

Portfolio

EOR Developments

Chevron Corporation

Table 8-4: Chevron Corporation, Profile

Corporate Overview

Performance

Portfolio

EOR Developments

Royal Dutch Shell plc

Table 8-5: Royal Dutch Shell plc, Profile

Corporate Overview

Performance

Portfolio

EOR Developments

Cairn Energy PLC

Table 8-6: Cairn Energy PLC, Profile

Corporate Overview

Performance

Portfolio

EOR Developments

Penn West Energy Trust, Incorporated

Table 8-7: Penn West Energy Trust, Incorporated, Profile

Corporate Overview

Performance

Portfolio

EOR Developments

Statoil ASA

Table 8-8: Statoil ASA, Profile

Corporate Overview

Performance

Portfolio

EOR Developments

Enhance Energy, Incorporated

Table 8-9: Enhance Energy, Incorporated , Profile

Corporate Overview

Performance

Portfolio & EOR Developments

Appendix: Addresses of Selected Marketers

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