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Enhanced Oil Recovery Technologies & Global Markets in a New Research Report Available at ReportsnReports.com
Date:8/24/2013

Dallas, Texas (PRWEB) August 24, 2013

Continually rising global demand for petroleum combined with various supply and political factors resulted in the rapid escalation of its price starting in 2001. (The term “oil” is hereafter used nearly exclusively within this study when referring to petroleum.) These shifts have placed significant pressure upon the global oil industry to increase production. Faced with the challenge of increasing supply, the global oil industry relies upon the discovery of new oil reserves, production from developing, drilled reserves and the discovery and implementation of technological advances that enable more extensive oil recovery. Along with advanced extraction technologies such as hydrofracture, EOR technologies are becoming increasingly significant to global oil supply by increasing or reviving oil production at reserves or oilfields depleted of more easily recoverable oil. In other instances, EOR technologies have allowed the global oil industry to produce oil from alternative reserves—such as oil sands or oil shale—through field operations previously thought to be technologically infeasible or economically unviable. EOR technologies are widely considered vital to maintaining the role of oil as a continued, reliable source of energy in the global economy.

This report provides findings for updates from a previous completed study from 2010. The goal in conducting this update was to reassess and describe the current status and potential growth of the worldwide enhanced oil recovery (EOR) industry and the market for associated EOR technologies. More specifically, the updated study includes the following objectives: (1) summarize existing EOR technologies and promising emerging technologies that are under development; (2) evaluate the existing EOR industry (

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