Preview

Enhanced Oil Recovery Market Size and Forecast: 2014-2020 by Future Market Insights

Good Essays
Open Document
Open Document
829 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Enhanced Oil Recovery Market Size and Forecast: 2014-2020 by Future Market Insights
Enhanced Oil
Recovery Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2014

Future Market Insights

www.futuremarketinsights.com

sales@futuremarketinsights.com

Report
Description
Report Description
The term ‘enhanced oil recovery’ (EOR) refers to the technology used to extract crude oil that cannot be extracted through conventional technologies from oil reservoirs. It is also termed as tertiary recovery process as it takes place after primary and secondary oil recoveries. Oil extracted via primary recovery accounts for 5% to 15% of the total reservoir while secondary recovery can extract about 20% to 60% of the total oil present in the reservoir. By installing enhanced oil recovery technology, 35% to 75% oil can easily be extracted from the oil reservoir.
Browse Full Report@ http://www.futuremarketinsights.com/reports/gcc-enhanced-oil-recoverymarket

Enhanced oil recovery method is widely being adopted by the oil & gas market participants for their aged and newly explored wells. In addition, new technologies are being developed to improve the efficiency of the enhanced oil recovery technique. GCC is one of the mature oil extractors and has quite a good number of aged oil wells. To extract the proved reserves, oil extraction companies are pushing the use of enhanced oil recovery in existing oil wells. Besides, a number of new methods are being developed in the market such as chemical enhanced oil recovery to reduce the cost of oil recovery. On the basis of technology, enhanced oil recovery market in GCC can be broadly categorized as thermal enhanced oil recovery, gas/CO2 enhanced oil recovery, and chemical enhanced oil recovery. Thermal enhanced oil recovery technology consumes hot water and steam to stimulate the extraction of crude oil from the reservoir.

Report
Description
Report Description
Old oil wells of GCC, with heavy and viscous oil flow are adopting this technique on a larger scale. The commonly used
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Better Essays

    FIN 370 Week 3 Strategic Inititative Paper Final Draft

    • 1174 Words
    • 4 Pages

    FIN 370 Week 3 Strategic Inititative Paper Final Draft

    ExxonMobil is a vertically integrated oil and gas company that’s mission is to “find safe, efficient, and responsible ways to bring affordable energy to the dynamic global markets. This success will be “built on long-term planning, disciplined investment, new leading-edge technologies, unmatched risks management and operational excellence” (ExxonMobil, 2014, p. 1). In the 2013 annual report, ExxonMobil outlined a strategic initiative of new leading-edge technologies such as “collaborating with XTO, who has a strong acreage position and operational expertise, to increase its Brakken recovery, enhance drilling, completion (the process of making an oil well ready for production), and operational excellence, in tight rock formation in the United States”. This collaboration gives Exxon “numerous opportunities to test its new technologies as well as implement its proven technologies for immediate benefits, such as the XFrac” (ExxonMobil, 2014, p. 19).…

    • 1174 Words
    • 4 Pages
    Better Essays
    Read More
  • Better Essays

    c1 revision
    • 3330 Words
    • 12 Pages

    c1 revision

    Crude oil on its own is not useful but the hydrocarbons it contains on their own are useful and so they need to be separated. They are separated by a process called fractional distillation and this happens in a fractionating column…

    • 3330 Words
    • 12 Pages
    Better Essays
    Read More
  • Powerful Essays

    Oil Drilling and Gas Extraction Industry in the US Analysis
    • 1249 Words
    • 5 Pages

    Oil Drilling and Gas Extraction Industry in the US Analysis

    The key economic driver for the Oil Drilling & Gas Extraction Industry, crude oil prices, determines much of its profitability according to supply and demand. Price trends in West Texas Intermediate, a grade of crude oil used as a benchmark in oil pricing, display the growth of its value in the past 3 years and past decade. An average barrel of crude oil grew from $26.18 in 2002 to $61.95 in 2009, $79.48 in 2010, and $94.87 in 2011 (Airlines, 2012). JP Morgan analysts project average annual prices above $99 in upcoming years (Sethuraman, 2012). Such upward growth points to lucrative profits.…

    • 1249 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Best Essays

    Hydraulic Fracking Research Paper
    • 3245 Words
    • 13 Pages

    Hydraulic Fracking Research Paper

    the technique of extracting oil and natural gas trapped under ground by injecting a mixture of…

    • 3245 Words
    • 13 Pages
    Best Essays
    Read More
  • Good Essays

    Fracking In Margaret Fuller's Summer On The Gulf Of Mexico
    • 876 Words
    • 4 Pages

    Fracking In Margaret Fuller's Summer On The Gulf Of Mexico

    The controversial methods and actions of oil companies to extract/transport their products, such as fracking, have to be banned and prevented immediately and companies must find more efficient and environmentally-friendly ways to extract/transport these natural resources in order to keep the environment safe.…

    • 876 Words
    • 4 Pages
    Good Essays
    Read More
  • Better Essays

    Hydraulic Fracturing and Its Concern Today
    • 2231 Words
    • 9 Pages

    Hydraulic Fracturing and Its Concern Today

    Instead, the oil companies mix water with sand and sometimes chemicals like acids, and inject the water into the…

    • 2231 Words
    • 9 Pages
    Better Essays
    Read More
  • Powerful Essays

    Chevron Analysis
    • 4464 Words
    • 18 Pages

    Chevron Analysis

    7. Nina M.Rach. "What 's new in exploration.” World Oil 1 May 2011: ABI/INFORM Trade & Industry, ProQuest. Web. 3 Sep. 2011.…

    • 4464 Words
    • 18 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Arctic Development Geofactsheet
    • 2314 Words
    • 14 Pages

    Arctic Development Geofactsheet

    July 2006 the price had risen to $75 per barrel but by late 2007 the price…

    • 2314 Words
    • 14 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Alberta's Oil Sands
    • 424 Words
    • 2 Pages

    Alberta's Oil Sands

    There are several processes and techniques on how to remove the oil or extract it. Removing the oil sands from the ground is easy. They are dug out of the ground with huge shovels and dumped in heavy trucks that take them to the processing plant. Here the oil sands are crushed then hot water is added to them which creates a slurry. This slurry now enters a seperating machine. The sands sinks to the bottom and bitumen stays at the top, it is then mixed with solvent and spun. Finally, it can be processed into oil. There is another technique for removing oil that is better for the environment and increases production. It is called the “in situ” technique. This involves injecting steam or solvent into the machine, which seperates the oil from the sand (oil is brought up to surface).One more way of removing oil is a process called upgrading. Upgrading is done in two ways: The first way involves a process called “coking”, which removes carbon, while the second way called hydro-processing adds hydrogen.…

    • 424 Words
    • 2 Pages
    Good Essays
    Read More
  • Powerful Essays

    Fracking for Natural Gas
    • 5187 Words
    • 21 Pages

    Fracking for Natural Gas

    Energy Information Administration. (2000). U.S. Crude Oil, Natural Gas Liquid Resources, 1999 Annual Report. New York: DOE/EIA-0216…

    • 5187 Words
    • 21 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Argument Essay: The Gilded Age
    • 1635 Words
    • 7 Pages

    Argument Essay: The Gilded Age

    barrel of crude oil, 4 barrels of water must contaminated (Brecher). The extraction and refining…

    • 1635 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Good Essays

    North Dakota Oil
    • 1011 Words
    • 5 Pages

    North Dakota Oil

    The not so small town of Williston was once a sleepy farm town until oil companies discovered ways to tap the vast Bakken formation believed to hold as many as twenty-four billion barrels of oil. Oil was first discovered within the Bakken in 1951 and it consists of 200,000 square miles of the subsurface of the Williston Basin. The oil lies underground in a shale rock formation, known as the Bakken, stretching across western North Dakota, northeast Montana, and into Canada’s Saskatchewan Province. The Bakken formation accounts for 91% of North Dakota’s oil and in 1961 was when the oil drilling in this area started occurring. Originally they started drilling by conventional vertical wells and as time went on they advanced to more efficient ways including horizontal wells and finally ending with hydraulic fracturing that is being used today.…

    • 1011 Words
    • 5 Pages
    Good Essays
    Read More
  • Good Essays

    Alaskan Tundra
    • 550 Words
    • 3 Pages

    Alaskan Tundra

    Drilling for oil involves a lot of digging, use of machines and many experiments which are done beforehand as well as while the digging takes place. This promotes employment opportunities that come with the digging…

    • 550 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Off Shore Drilling
    • 2358 Words
    • 7 Pages

    Off Shore Drilling

    In line with the advancement of technology, a complete recovery of past oil spills have been proven to be attainable. An…

    • 2358 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Tar Sands
    • 2451 Words
    • 7 Pages

    Tar Sands

    Extract Tar Sands is an extraction plant company located in Athabasca, Alberta. It is a leading extraction plant, and one of the worlds most global industries. Large investments are required but the future outcomes are unknown. Athabasca has the largest reservoir of crude bitumen in the world. The tar sands go through a refining process to separate the bitumen (black viscous oil) from the mixture of clay, sand and water. Extracting oil from tar sand is much more complex than pumping oil from an oil well. When the oil is separated from the mixture of sand, normally from the use of hot water, it goes through a thinning process in order to be transported through pipelines. There are many environmental concerns with regards to the mining of tar sands which include global warming, greenhouse emissions, water and air quality from the surrounding communities as well as effects to wildlife.…

    • 2451 Words
    • 7 Pages
    Powerful Essays
    Read More

Related Topics