Enhanced Oil Recovery technologies set to reach a market value of $19.32bn in 2012

Wednesday 21 March 2012, Amsterdam

Enhanced oil recovery (EOR) technologies are used to increase the amount of oil that can be extracted from an oil field after the primary and secondary production stages. They calculated the global EOR technologies market – including investments in research and development (R&D) as well as spending on acquiring and using the technologies – to be worth $19.32bn in 2012. Growth over the ten year forecast period will be driven by a combination of factors, including high oil prices, ageing oil fields, rapidly escalating global energy demands, a desire to increase energy independence, increasing EOR opportunities in heavy oil and oil sands recovery, and a desire to reduce carbon dioxide (CO2) emissions.

The Enhanced Oil Recovery (EOR) Technologies Market 2012-2022 report explains how the market will develop as a multi-billion dollar sector, revealing EOR technology developments throughout the world and including regional and country specific forecasts and analysis. This report covers all the major companies involved in the market and includes the latest contract developments, newest partnerships and the most significant technological advances. A wealth of data is analysed to provide a clear breakdown of where the EOR technologies market will develop based upon diverse factors and insight, anticipating how and why the market will evolve from 2012 to 2022.

The Enhanced Oil Recovery (EOR) Technologies Market 2012-2022 report includes 145 tables and graphs quantifying the market in detail, and includes two original interviews with companies involved in the EOR technologies market. In addition, the report provides a SWOT analysis of the strengths, weaknesses, opportunities and threats facing the market over the next ten years, and offers profiles of 55 of the leading companies involved in the EOR technologies industry. The various drivers and restraints of the market are evaluated in order to provide readers with specific insights into the future direction of the EOR technologies market.