Dublin, May 29, 2024 (GLOBE NEWSWIRE) -- The "Thermal Enhanced Oil Recovery (EOR) Market Report 2024-2034" report has been added to ResearchAndMarkets.com's offering.
One common thermal EOR method is steam injection. Steam is injected into the reservoir to heat the oil, reduce its viscosity, and improve its flow characteristics. This increased mobility allows for enhanced oil recovery. The power industry may be involved indirectly in supplying the necessary energy for steam generation, especially if the steam is generated using conventional methods like natural gas or coal-fired power plants.
The power industry plays a crucial role in providing the energy required for thermal EOR processes. This energy can be in the form of electricity or heat, depending on the specific requirements of the EOR method being employed.
High Capital and Operational Costs Associated with Thermal EOR
Enhanced Oil Recovery (EOR) methods, including Thermal EOR, can indeed be associated with high capital and operational costs. Thermal EOR is a set of techniques used to extract additional oil from reservoirs by injecting heat into the reservoir to reduce the oil's viscosity and improve its flow. Two common methods of thermal EOR are steam injection and in-situ combustion.
Implementing thermal EOR requires significant infrastructure development, including the installation of wellbores, steam generators, and surface facilities. These infrastructural investments contribute significantly to the initial capital costs. Steam injection involves the generation of high-pressure steam, typically produced using natural gas or other fuels. The costs associated with steam generation, including the purchase and maintenance of steam generators, can be substantial.
What Questions Should You Ask before Buying a Market Research Report?
- How is the thermal enhanced oil recovery (EOR) market evolving?
- What is driving and restraining the thermal enhanced oil recovery (EOR) market?
- How will each thermal enhanced oil recovery (EOR) submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
- How will the market shares for each thermal enhanced oil recovery (EOR) submarket develops from 2023 to 2034?
- What will be the main driver for the overall market from 2024 to 2034?
- Will leading thermal enhanced oil recovery (EOR) markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
- Who are the leading players and what are their prospects over the forecast period?
- What are the thermal enhanced oil recovery (EOR) projects for these leading companies?
- How will the industry evolve during the period between 2024 and 2034? What are the implications of thermal enhanced oil recovery (EOR) projects taking place now and over the next 10 years?
- Is there a greater need for product commercialisation to further scale the thermal enhanced oil recovery (EOR) market?
- Where is the thermal enhanced oil recovery (EOR) market heading and how can you ensure you are at the forefront of the market?
Leading Companies
- Aera Energy
- Canadian Natural Resources
- Chevron
- China National Petroleum Corporation
- Ecopetrol
- Husky Energy
- International Petroleum Corp.
- Lukoil
- ONGC
- Pemex
- Petrobras
- Petroleos de Venezuela
- Petrotrin
- Sinopec
- Wintershall Dea AG
Segments Covered in the Report (Market Size in Revenue and Volume)
Application Outlook
- Onshore
- Offshore
Method Outlook
- Steam Flooding
- Cyclic Steam Stimulation
- Hot Water
- In-situ Combustion
- Steam-Assisted Gravity Drainage
North America
- U.S.
- Canada
Europe
- Netherlands
- Germany
- Russia
Asia Pacific
- China
- India
- Indonesia
- Kazakhstan
Latin America
- Brazil
- Mexico
- Colombia
- Venezuela
- Trinidad
Middle East & Africa
- Egypt
- Oman
- Sudan
Companies Featured
- Aera Energy
- Canadian Natural Resources
- Chevron
- China National Petroleum Corporation
- Ecopetrol
- Husky Energy
- International Petroleum Corp.
- Lukoil
- ONGC
- Pemex
- Petrobras
- Petroleos de Venezuela
- Petrotrin
- Sinopec
- Wintershall Dea AG
- ACES Delta
- Adamant Group
- ADNOC
- Argentina's national energy company
- Assam Power Distribution Company Limited (APDCL)
- BASF
- Basra Oil Company
- Bharat Petroleum Corporation Limited (BPCL)
- BP
- Bunge
- Cabinda Gulf Oil Company Limited (CABGOC)
- Caltex
- Casa dos Ventos
- CEG RIO S.A. (CEG RIO)
- Cenovus Energy
- Chacraservicios S.r.l.
- Chevron
- Chevron Australia New Energies Pty Ltd
- Chevron Australia Pty Ltd
- Chevron New Energies
- Companhia Distribuidora de Gas do Rio de Janeiro (CEG)
- Deakin University
- Dow
- Ecopetrol
- Ecopetrol US Trading LLC
- ENI
- Equinor
- Equion Energy
- European Energy
- ExxonMobil
- Frontera Energy
- G.O.I. ENERGY S.r.l.
- Glasspoint Solar
- Harbour Energy plc
- IKAV
- JSC NC KazMunayGas
- KazMunayGas
- Korsou Refinery (RdK)
- LetterOne
- Magnum Development
- Mangalore Refinery and Petrochemicals Limited (MRPL)
- Mitsubishi Power Americas
- Mitsui Oil Exploration Co., Ltd (MOECO)
- NTPC Green Energy Limited (NGEL)
- Occidental of Oman, Inc.
- ONGC Tripura Power Company Limited (OTPC)
- PDC Energy, Inc.
- Pemex
- Pertamina Hulu Rokan (PHR)
- Petrobras
- PetroChina Tarim Oilfield
- Qijiang Shale Gas Field
- Repsol
- Saudi Aramco
- Shell
- SKK Migas
- SOCAR
- SudaGas
- Sudan Oil Refinery
- Sudapet
- Talisman Energy
- Talos Energy Inc.
- Tarim Oilfield Bozi Natural Gas Processing Plant
- The Carlyle Group
- TotalEnergies
- UK-based GeoPark Holdings
- Unigel Participacoes S.A. (Unigel)
- Vale
- Wintershall Dea
- Woodside Energy
- Alberta government
- Alberta Oil Magazine
- Angola Government
- Canada Pension Plan Investment Board (CPP Investments)
- China National Bureau of Statistics
- China National Chemical Engineering & Construction Corporation Seven (CC7)
- Egyptian Ministry of Petroleum and Mineral Resources (MOPMR)
- European Union
- Government of Egypt
- Indian Government
- Iraqi Government
- Iraqi Ministry of Oil
- National Infrastructure Pipeline (NIP)
- Oil & Gas Journal (OGJ)
- People's Republic of China Government
- The Brazilian National Agency for Petroleum, Natural Gas and Biofuels
- U.S. Department of Energy
- U.S. Energy Information Administration (EIA)
For more information about this report visit https://www.researchandmarkets.com/r/8883df
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