Global CO2 EOR Market : Industry Analysis and Forecast (2019-2027) – by Technology, by Application, by Component and by Region

Global CO2 EOR Market was valued at US$ 3.73 Bn in 2019 and is expected to reach 23.1Bn by 2027, at a CAGR of 25.6% during the forecast period. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

Global CO2 EOR Market

To know about the Research Methodology:-Request Free Sample Report

Global CO2 EOR Market Dynamics:

CO2 is a type of gas injection EOR method that delivers numerous advantages over other EOR techniques like neutral performance of the gas and doesn’t disturb the quality of crude oil in terms of its chemical configuration. Therefore, it leads in the development of large CO2 stations in the Permian Basin region. The CO2 EOR market is predictable by the Permian Basin CO market which is driven to the growth of CO2 EOR market in terms of oil production due to the high number of projects. The CO2 EOR market is projected by Permian Basin with support of local and state government that drives the development of the CO2 EOR market. Easily accessible with huge quantities of CO2 in the U.S makes Permian basin a favoured choice for oil exploration companies to abstract crude oil from a field in the Permian region. Hence, it is projected that in the future Permian basin will be one of the most reliable sources of crude oil supply.

Global CO2 EOR Market Segment Analysis:

The CO2 EOR market is segmented by technology, component, application, and region. In technology segment, the TEOR lead around XX% of the global share in terms of revenue in 2019. In thermal recovery, oil is removed through reserves by introducing heat into the subsurface accumulation of organic compounds. This is completed through steam & fire flooding and reserve heating. The chemical and gas injection methods are gaining share significantly. These two recovery technologies together lead to around XX% of the share of the total revenue in 2019. These technologies have advanced recovery rates and are cost-efficient. The area has the occurrence of a larger number of mature and aged wells as compared to offshore, ensuing in the requirement of these technologies. The technology is frequently employed in the onshore segment. However, many offshore oil reserves are also exposed for the past few decades. Extraction for an offshore reserve is a costly process, so many companies are also applying regaining techniques in the primary or secondary oil production phase to increase the extraction.

Global CO2 EOR Market Regional Insights:

North America was leading in 2019 and is projected to show the same trend over the predictable future. North America is the industry leader owing to the existence of a large number of mature wells and large-scale expansion of unconventional energy in the region. The global industry is moderately consolidated and extremely competitive due to the presence of a large number of big and experienced multinational players. Rising concerns regarding dangerous temperature operating conditions, well blowout, and wellbore stability are projected to drive the demand for oilfield services in offshore and onshore regions in the Middle East & Africa over the next eight years. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments and, project the global CO2 EOR market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global CO2 EOR market.

Global CO2 EOR Market, Key Highlights:

• Global CO2 EOR Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global CO2 EOR Market • Global CO2 EOR Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Global CO2 EOR Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. • Global CO2 EOR Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global CO2 EOR Market are also profiled.

Scope of the Report for Global CO2 EOR Market Report: Inquire before buying

Global CO2 EOR Market, By Technology

• Thermal • Gas Injection • Chemical • Other EOR

Global CO2 EOR Market, By Application

• Onshore • Offshore

Global CO2 EOR Market, By Component

• CO2 sources • Pipelines • Injection • National market forecasts

Global CO2 EOR Market, By Region

• North America • Europe • Asia Pacific • Middle East & Africa • South America

Key Players Operating in the Global CO2 EOR Market

• Whiting Petroleum Corporation • Kinder Morgan • Denbury Resources • NRG Energy • Occidental Petroleum Corporation • Cenovus Energy, Inc. • Husky Energy • Anadarko Petroleum Corporation • Linc Energy • Elk Petroleum • Saudi Aramco. • ExxonMobil Corporation, BP plc. • China Petroleum & Chemical Corporation • Royal Dutch Shell plc • Chevron Phillips Chemical Company LP. • Lukoil Oil Company • Praxair Technology, Inc. • Chevron Corporation • PetroleoBrasileiro S.A. • Cenovus Energy Inc.

Global CO2 EOR Market

1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary : Global CO2 EOR Market Size, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends in Global CO2 EOR Market 5. Supply Side and Demand Side Indicators 6. Global CO2 EOR Market Analysis and Forecast 6.1. Global CO2 EOR Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. Latin America 7. Global CO2 EOR Market Analysis and Forecast, by Application 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global CO2 EOR Market Value Share Analysis, by Application 7.4. Global CO2 EOR Market Size (US$ Bn) Forecast, by Application 7.5. Global CO2 EOR Market Analysis, by Application 7.6. Global CO2 EOR Market Attractiveness Analysis, by Application 8. Global CO2 EOR Market Analysis and Forecast, by Technology 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global CO2 EOR Market Value Share Analysis, by Technology 8.4. Global CO2 EOR Market Size (US$ Bn) Forecast, by Technology 8.5. Global CO2 EOR Market Analysis, by Technology 8.6. Global CO2 EOR Market Attractiveness Analysis, by Technology 9. Global CO2 EOR Market Analysis and Forecast, by Component 9.1. Introduction and Definition 9.2. Key Findings 9.3. Global CO2 EOR Market Value Share Analysis, by Component 9.4. Global CO2 EOR Market Size (US$ Bn) Forecast, by Component 9.5. Global CO2 EOR Market Analysis, by Component 9.6. Global CO2 EOR Market Attractiveness Analysis, by Component 10. Global CO2 EOR Market Analysis, by Region 10.1. Global CO2 EOR Market Value Share Analysis, by Region 10.2. Global CO2 EOR Market Size (US$ Bn) Forecast, by Region 10.3. Global CO2 EOR Market Attractiveness Analysis, by Region 11. North America CO2 EOR Market Analysis 11.1. Key Findings 11.2. North America CO2 EOR Market Overview 11.3. North America CO2 EOR Market Value Share Analysis, by Application 11.4. North America CO2 EOR Market Forecast, by Application 11.4.1. Onshore 11.4.2. Offshore 11.5. North America CO2 EOR Market Value Share Analysis, by Technology 11.6. North America CO2 EOR Market Forecast, by Technology 11.6.1. Thermal 11.6.2. Gas Injection 11.6.3. Chemical 11.6.4. Other EOR 11.7. North America CO2 EOR Market Value Share Analysis, by Component 11.8. North America CO2 EOR Market Forecast, by Component 11.8.1. CO2 Sources 11.8.2. Pipelines 11.8.3. Injection 11.9. North America CO2 EOR Market Value Share Analysis, by Country 11.10. North America CO2 EOR Market Forecast, by Country 11.10.1. U.S. 11.10.2. Canada 11.11. North America CO2 EOR Market Analysis, by Country 11.12. U.S. CO2 EOR Market Forecast, by Application 11.12.1. Onshore 11.12.2. Offshore 11.13. U.S. CO2 EOR Market Forecast, by Technology 11.13.1. Thermal 11.13.2. Gas Injection 11.13.3. Chemical 11.13.4. Other EOR 11.14. U.S. CO2 EOR Market Forecast, by Component 11.14.1. CO2 Sources 11.14.2. Pipelines 11.14.3. Injection 11.15. Canada CO2 EOR Market Forecast, by Application 11.15.1. Onshore 11.15.2. Offshore 11.16. Canada CO2 EOR Market Forecast, by Technology 11.16.1. Thermal 11.16.2. Gas Injection 11.16.3. Chemical 11.16.4. Other EOR 11.17. Canada CO2 EOR Market Forecast, by Component 11.17.1. CO2 Sources 11.17.2. Pipelines 11.17.3. Injection 11.18. North America CO2 EOR Market Attractiveness Analysis 11.18.1. By Application 11.18.2. By Technology 11.18.3. By Component 11.18.4. PEST Analysis 11.19. Key Trends 11.20. Key Developments 12. Europe CO2 EOR Market Analysis 12.1. Key Findings 12.2. Europe CO2 EOR Market Overview 12.3. Europe CO2 EOR Market Value Share Analysis, by Application 12.4. Europe CO2 EOR Market Forecast, by Application 12.4.1. Onshore 12.4.2. Offshore 12.5. Europe CO2 EOR Market Value Share Analysis, by Technology 12.6. Europe CO2 EOR Market Forecast, by Technology 12.6.1. Thermal 12.6.2. Gas Injection 12.6.3. Chemical 12.6.4. Chemical 12.6.5. Other EOR 12.7. Europe CO2 EOR Market Value Share Analysis, by Component 12.8. Europe CO2 EOR Market Forecast, by Component 12.8.1. CO2 Sources 12.8.2. Pipelines 12.8.3. Injection 12.9. Europe CO2 EOR Market Value Share Analysis, by Country 12.10. Europe CO2 EOR Market Forecast, by Country 12.10.1. Germany 12.10.2. U.K. 12.10.3. France 12.10.4. Italy 12.10.5. Spain 12.10.6. Rest of Europe 12.11. Europe CO2 EOR Market Analysis, by Country 12.12. Germany CO2 EOR Market Forecast, by Application 12.12.1. Onshore 12.12.2. Offshore 12.13. Germany CO2 EOR Market Forecast, by Technology 12.13.1. Thermal 12.13.2. Gas Injection 12.13.3. Chemical 12.13.4. Other EOR 12.14. Germany CO2 EOR Market Forecast, by Component 12.14.1. CO2 Sources 12.14.2. Pipelines 12.14.3. Injection 12.15. U.K. CO2 EOR Market Forecast, by Application 12.15.1. Onshore 12.15.2. Offshore 12.16. U.K. CO2 EOR Market Forecast, by Technology 12.16.1. Thermal 12.16.2. Gas Injection 12.16.3. Chemical 12.16.4. Other EOR 12.17. U.K. CO2 EOR Market Forecast, by Component 12.17.1. CO2 Sources 12.17.2. Pipelines 12.17.3. Injection 12.18. France CO2 EOR Market Forecast, by Application 12.18.1. Onshore 12.18.2. Offshore 12.19. France CO2 EOR Market Forecast, by Technology 12.19.1. Thermal 12.19.2. Gas Injection 12.19.3. Chemical 12.19.4. Other EOR 12.20. France CO2 EOR Market Forecast, by Component 12.20.1. CO2 Sources 12.20.2. Pipelines 12.20.3. Injection 12.21. Italy CO2 EOR Market Forecast, by Application 12.21.1. Onshore 12.21.2. Offshore 12.22. Italy CO2 EOR Market Forecast, by Technology 12.22.1. Thermal 12.22.2. Gas Injection 12.22.3. Chemical 12.22.4. Other EOR 12.23. Italy CO2 EOR Market Forecast, by Component 12.23.1. CO2 Sources 12.23.2. Pipelines 12.23.3. Injection 12.24. Spain CO2 EOR Market Forecast, by Application 12.24.1. Onshore 12.24.2. Offshore 12.25. Spain CO2 EOR Market Forecast, by Technology 12.25.1. Thermal 12.25.2. Gas Injection 12.25.3. Chemical 12.25.4. Other EOR 12.26. Spain CO2 EOR Market Forecast, by Component 12.26.1. CO2 Sources 12.26.2. Pipelines 12.26.3. Injection 12.27. Rest of Europe CO2 EOR Market Forecast, by Application 12.27.1. Onshore 12.27.2. Offshore 12.28. Rest of Europe CO2 EOR Market Forecast, by Technology 12.28.1. Thermal 12.28.2. Gas Injection 12.28.3. Chemical 12.28.4. Other EOR 12.29. Rest Of Europe CO2 EOR Market Forecast, by Component 12.29.1. CO2 Sources 12.29.2. Pipelines 12.29.3. Injection 12.30. Europe CO2 EOR Market Attractiveness Analysis 12.30.1. By Application 12.30.2. By Technology 12.30.3. By Component 12.31. PEST Analysis 12.32. Key Trends 12.33. Key Developments 13. Asia Pacific CO2 EOR Market Analysis 13.1. Key Findings 13.2. Asia Pacific CO2 EOR Market Overview 13.3. Asia Pacific CO2 EOR Market Value Share Analysis, by Application 13.4. Asia Pacific CO2 EOR Market Forecast, by Application 13.4.1. Onshore 13.4.2. Offshore 13.5. Asia Pacific CO2 EOR Market Value Share Analysis, by Technology 13.6. Asia Pacific CO2 EOR Market Forecast, by Technology 13.6.1. Thermal 13.6.2. Gas Injection 13.6.3. Chemical 13.6.4. Other EOR 13.7. Asia Pacific CO2 EOR Market Value Share Analysis, by Component 13.8. Asia Pacific CO2 EOR Market Forecast, by Component 13.8.1. CO2 Sources 13.8.2. Pipelines 13.8.3. Injection 13.9. Asia Pacific CO2 EOR Market Value Share Analysis, by Country 13.10. Asia Pacific CO2 EOR Market Forecast, by Country 13.10.1. China 13.10.2. India 13.10.3. Japan 13.10.4. ASEAN 13.10.5. Rest of Asia Pacific 13.11. Asia Pacific CO2 EOR Market Analysis, by Country 13.12. China CO2 EOR Market Forecast, by Application 13.12.1. Onshore 13.12.2. Offshore 13.13. China CO2 EOR Market Forecast, by Technology 13.13.1. Thermal 13.13.2. Gas Injection 13.13.3. Chemical 13.13.4. Other EOR 13.14. China CO2 EOR Market Forecast, by Component 13.14.1. CO2 Sources 13.14.2. Pipelines 13.14.3. Injection 13.15. India CO2 EOR Market Forecast, by Application 13.15.1. Onshore 13.15.2. Offshore 13.16. India CO2 EOR Market Forecast, by Technology 13.16.1. Thermal 13.16.2. Gas Injection 13.16.3. Chemical 13.16.4. Other EOR 13.17. India CO2 EOR Market Forecast, by Component 13.17.1. CO2 Sources 13.17.2. Pipelines 13.17.3. Injection 13.18. Japan CO2 EOR Market Forecast, by Application 13.18.1. Onshore 13.18.2. Offshore 13.19. Japan CO2 EOR Market Forecast, by Technology 13.19.1. Thermal 13.19.2. Gas Injection 13.19.3. Chemical 13.19.4. Other EOR 13.20. Japan CO2 EOR Market Forecast, by Component 13.20.1. CO2 Sources 13.20.2. Pipelines 13.20.3. Injection 13.21. ASEAN CO2 EOR Market Forecast, by Application 13.21.1. Onshore 13.21.2. Offshore 13.22. ASEAN CO2 EOR Market Forecast, by Technology 13.22.1. Thermal 13.22.2. Gas Injection 13.22.3. Chemical 13.22.4. Other EOR 13.23. ASEAN CO2 EOR Market Forecast, by Component 13.23.1. CO2 Sources 13.23.2. Pipelines 13.23.3. Injection 13.24. Rest of Asia Pacific CO2 EOR Market Forecast, by Application 13.24.1. Onshore 13.24.2. Offshore 13.25. Rest of Asia Pacific CO2 EOR Market Forecast, by Technology 13.25.1. Thermal 13.26. Rest of Asia Pacific CO2 EOR Market Forecast, by Component 13.26.1. CO2 Sources 13.26.2. Pipelines 13.26.3. Injection 13.27. Asia Pacific CO2 EOR Market Attractiveness Analysis 13.27.1. By Application 13.27.2. By Technology 13.27.3. By Component 13.28. PEST Analysis 13.29. Key Trends 13.30. Key Developments 14. Middle East & Africa CO2 EOR Market Analysis 14.1. Key Findings 14.2. Middle East & Africa CO2 EOR Market Overview 14.3. Middle East & Africa CO2 EOR Market Value Share Analysis, by Application 14.4. Middle East & Africa CO2 EOR Market Forecast, by Application 14.4.1. Onshore 14.4.2. Offshore 14.5. Middle East & Africa CO2 EOR Market Value Share Analysis, by Technology 14.6. Middle East & Africa CO2 EOR Market Forecast, by Technology 14.6.1. Thermal 14.6.2. Gas Injection 14.6.3. Chemical 14.6.4. Other EOR 14.7. Middle East & Africa CO2 EOR Market Value Share Analysis, by Component 14.8. Middle East & Africa CO2 EOR Market Forecast, by Component 14.8.1. CO2 Sources 14.8.2. Pipelines 14.8.3. Injection 14.9. Middle East & Africa CO2 EOR Market Value Share Analysis, by Country 14.10. Middle East & Africa CO2 EOR Market Forecast, by Country 14.10.1. GCC 14.10.2. Latin Africa 14.10.3. Rest of Middle East & Africa 14.11. Middle East & Africa CO2 EOR Market Analysis, by Country 14.12. GCC CO2 EOR Market Forecast, by Application 14.12.1. Onshore 14.12.2. Offshore 14.13. GCC CO2 EOR Market Forecast, by Technology 14.13.1. Thermal 14.13.2. Gas Injection 14.13.3. Chemical 14.13.4. Other EOR 14.14. GCC CO2 EOR Market Forecast, by Component 14.14.1. CO2 Sources 14.14.2. Pipelines 14.14.3. Injection 14.15. Latin Africa CO2 EOR Market Forecast, by Application 14.15.1. Onshore 14.15.2. Offshore 14.16. Latin Africa CO2 EOR Market Forecast, by Technology 14.16.1. Thermal 14.16.2. Gas Injection 14.16.3. Chemical 14.16.4. Other EOR 14.17. Latin Africa CO2 EOR Market Forecast, by Component 14.17.1. CO2 Sources 14.17.2. Pipelines 14.17.3. Injection 14.18. Rest of Middle East & Africa CO2 EOR Market Forecast, by Application 14.18.1. Onshore 14.18.2. Offshore 14.19. Rest of Middle East & Africa CO2 EOR Market Forecast, by Technology 14.19.1. Thermal 14.19.2. Gas Injection 14.19.3. Chemical 14.19.4. Other EOR 14.20. Rest of Middle East & Africa CO2 EOR Market Forecast, by Component 14.20.1. CO2 Sources 14.20.2. Pipelines 14.20.3. Injection 14.21. Middle East & Africa CO2 EOR Market Attractiveness Analysis 14.21.1. By Application 14.21.2. By Technology 14.21.3. By Component 14.22. PEST Analysis 14.23. Key Trends 14.24. Key Developments 15. Latin America CO2 EOR Market Analysis 15.1. Key Findings 15.2. Latin America CO2 EOR Market Overview 15.3. Latin America CO2 EOR Market Value Share Analysis, by Application 15.4. Latin America CO2 EOR Market Forecast, by Application 15.4.1. Onshore 15.4.2. Offshore 15.5. Latin America CO2 EOR Market Value Share Analysis, by Technology 15.6. Latin America CO2 EOR Market Forecast, by Technology 15.6.1. Thermal 15.6.2. Gas Injection 15.6.3. Chemical 15.6.4. Other EOR 15.7. Latin America CO2 EOR Market Value Share Analysis, by Component 15.8. Latin America CO2 EOR Market Forecast, by Component 15.8.1. CO2 Sources 15.8.2. Pipelines 15.8.3. Injection 15.9. Latin America CO2 EOR Market Value Share Analysis, by Country 15.10. Latin America CO2 EOR Market Forecast, by Country 15.10.1. Brazil 15.10.2. Mexico 15.10.3. Rest of Latin America 15.11. Latin America CO2 EOR Market Analysis, by Country 15.12. Brazil CO2 EOR Market Forecast, by Application 15.12.1. Onshore 15.12.2. Offshore 15.13. Brazil CO2 EOR Market Forecast, by Technology 15.13.1. Thermal 15.13.2. Gas Injection 15.13.3. Chemical 15.13.4. Other EOR 15.14. Brazil CO2 EOR Market Forecast, by Component 15.14.1. CO2 Sources 15.14.2. Pipelines 15.14.3. Injection 15.15. Mexico CO2 EOR Market Forecast, by Application 15.15.1. Onshore 15.15.2. Offshore 15.16. Mexico CO2 EOR Market Forecast, by Technology 15.16.1. Thermal 15.16.2. Gas Injection 15.16.3. Chemical 15.16.4. Other EOR 15.17. Mexico CO2 EOR Market Forecast, by Component 15.17.1. CO2 Sources 15.17.2. Pipelines 15.17.3. Injection 15.18. Rest of Latin America CO2 EOR Market Forecast, by Application 15.18.1. Onshore 15.18.2. Offshore 15.19. Rest of Latin America CO2 EOR Market Forecast, by Technology 15.19.1. Thermal 15.19.2. Gas Injection 15.19.3. Chemical 15.19.4. Other EOR 15.20. Rest of Latin America CO2 EOR Market Forecast, by Component 15.20.1. CO2 Sources 15.20.2. Pipelines 15.20.3. Injection 15.21. Latin America CO2 EOR Market Attractiveness Analysis 15.21.1. By Application 15.21.2. By Technology 15.21.3. By Component 15.22. PEST Analysis 15.23. Key Trends 15.24. Key Developments 16. Company Profiles 16.1. Market Share Analysis, by Company 16.2. Competition Matrix 16.2.1. Competitive Benchmarking of key players by price, presence, market share, Application and R&D investment 16.2.2. New Component Launches and Component Enhancements 16.2.3. Market Consolidation 16.2.3.1. M&A by Regions, Investment and Application 16.2.3.2. M&A Key Players, Forward Integration and Backward Integration 16.3. Company Profiles: Key Players 16.3.1. 16.3.1.1. Company Overview 16.3.1.2. Financial Overview 16.3.1.3. Component Portfolio 16.3.1.4. Business Strategy 16.3.1.5. Recent Developments 16.3.1.6. Manufacturing Footprint 16.3.2. Kinder Morgan 16.3.3. Denbury Resources 16.3.4. NRG Energy 16.3.5. Occidental Petroleum Corporation 16.3.6. Cenovus Energy, Inc. 16.3.7. Husky Energy 16.3.8. Anadarko Petroleum Corporation 16.3.9. Linc Energy 16.3.10. Elk Petroleum 16.3.11. Saudi Aramco. 16.3.12. ExxonMobil Corporation, BP plc. 16.3.13. China Petroleum & Chemical Corporation 16.3.14. Royal Dutch Shell plc 16.3.15. Chevron Phillips Chemical Company LP. 16.3.16. Lukoil Oil Company 16.3.17. Praxair Technology, Inc. 16.3.18. Chevron Corporation 16.3.19. PetroleoBrasileiro S.A. 16.3.20. Cenovus Energy Inc. 17.Primary Key Insights

About This Report

Report ID 31464
Category Material & Chemical
Published Date June 2019
Updated Date Aug 2020
Contact Us