CO2 EOR Market was valued at USD 3.88 Bn in 2023 and is expected to reach USD 4.81 Bn. by 2030, at a CAGR of 3.10% 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.To know about the Research Methodology:-Request Free Sample Report
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.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 2023. 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 2023. 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.CO2 EOR Market Regional Insights:
North America was leading in 2023 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.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 The CO2 EOR Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. Global 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.CO2 EOR Market Scope: Inquire before buying
Global CO2 EOR Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 3.88 Bn. Forecast Period 2024 to 2030 CAGR: 3.10% Market Size in 2030: USD 4.81 Bn . Segments Covered: by Technology Thermal Gas Injection Chemical Other EOR by Application Onshore Offshore by Component CO2 sources Pipelines Injection National market forecasts CO2 EOR Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)CO2 EOR Market Key Players
1.Whiting Petroleum Corporation 2.Kinder Morgan 3.Denbury Resources 4.NRG Energy 5.Occidental Petroleum Corporation 6.Cenovus Energy, Inc. 7.Husky Energy 8.Anadarko Petroleum Corporation 9.Linc Energy 10.Elk Petroleum 11.Saudi Aramco. 12.ExxonMobil Corporation, BP plc. 13.China Petroleum & Chemical Corporation 14.Royal Dutch Shell plc 15.Chevron Phillips Chemical Company LP. 16.Lukoil Oil Company 17.Praxair Technology, Inc. 18.Chevron Corporation 19.PetroleoBrasileiro S.A. 20.Cenovus Energy Inc. Frequently Asked Questions: 1. Which region has the largest share in Global CO2 EOR Market? Ans: North America region held the highest share in 2023. 2. What is the growth rate of Global CO2 EOR Market? Ans: The Global market is expected to growing at a CAGR of 3.10% during forecast period 2024-2030. 3. What is scope of the Global CO2 EOR market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global CO2 EOR market? Ans: The important key players in the Global market are - 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., and Cenovus Energy Inc. 5. What is the study period of this market? Ans: The Global market is studied from 2023 to 2030.
1. CO2 EOR Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. CO2 EOR Market: Dynamics 2.1. CO2 EOR Market Trends by Region 2.1.1. North America CO2 EOR Market Trends 2.1.2. Europe CO2 EOR Market Trends 2.1.3. Asia Pacific CO2 EOR Market Trends 2.1.4. Middle East and Africa CO2 EOR Market Trends 2.1.5. South America CO2 EOR Market Trends 2.2. CO2 EOR Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America CO2 EOR Market Drivers 2.2.1.2. North America CO2 EOR Market Restraints 2.2.1.3. North America CO2 EOR Market Opportunities 2.2.1.4. North America CO2 EOR Market Challenges 2.2.2. Europe 2.2.2.1. Europe CO2 EOR Market Drivers 2.2.2.2. Europe CO2 EOR Market Restraints 2.2.2.3. Europe CO2 EOR Market Opportunities 2.2.2.4. Europe CO2 EOR Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific CO2 EOR Market Drivers 2.2.3.2. Asia Pacific CO2 EOR Market Restraints 2.2.3.3. Asia Pacific CO2 EOR Market Opportunities 2.2.3.4. Asia Pacific CO2 EOR Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa CO2 EOR Market Drivers 2.2.4.2. Middle East and Africa CO2 EOR Market Restraints 2.2.4.3. Middle East and Africa CO2 EOR Market Opportunities 2.2.4.4. Middle East and Africa CO2 EOR Market Challenges 2.2.5. South America 2.2.5.1. South America CO2 EOR Market Drivers 2.2.5.2. South America CO2 EOR Market Restraints 2.2.5.3. South America CO2 EOR Market Opportunities 2.2.5.4. South America CO2 EOR Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For CO2 EOR Industry 2.8. Analysis of Government Schemes and Initiatives For CO2 EOR Industry 2.9. CO2 EOR Market Trade Analysis 2.10. The Global Pandemic Impact on CO2 EOR Market 3. CO2 EOR Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2023-2030 3.1. CO2 EOR Market Size and Forecast, by Technology (2023-2030) 3.1.1. Thermal 3.1.2. Gas Injection 3.1.3. Chemical 3.1.4. Other EOR 3.2. CO2 EOR Market Size and Forecast, by Application (2023-2030) 3.2.1. Onshore 3.2.2. Offshore 3.3. CO2 EOR Market Size and Forecast, by Component (2023-2030) 3.3.1. CO2 sources 3.3.2. Pipelines 3.3.3. Injection 3.3.4. National market forecasts 3.4. CO2 EOR Market Size and Forecast, by Region (2023-2030) 3.4.1. North America 3.4.2. Europe 3.4.3. Asia Pacific 3.4.4. Middle East and Africa 3.4.5. South America 4. North America CO2 EOR Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 4.1. North America CO2 EOR Market Size and Forecast, by Technology (2023-2030) 4.1.1. Thermal 4.1.2. Gas Injection 4.1.3. Chemical 4.1.4. Other EOR 4.2. North America CO2 EOR Market Size and Forecast, by Application (2023-2030) 4.2.1. Onshore 4.2.2. Offshore 4.3. North America CO2 EOR Market Size and Forecast, by Component (2023-2030) 4.3.1. CO2 sources 4.3.2. Pipelines 4.3.3. Injection 4.3.4. National market forecasts 4.4. North America CO2 EOR Market Size and Forecast, by Country (2023-2030) 4.4.1. United States 4.4.1.1. United States CO2 EOR Market Size and Forecast, by Technology (2023-2030) 4.4.1.1.1. Thermal 4.4.1.1.2. Gas Injection 4.4.1.1.3. Chemical 4.4.1.1.4. Other EOR 4.4.1.2. United States CO2 EOR Market Size and Forecast, by Application (2023-2030) 4.4.1.2.1. Onshore 4.4.1.2.2. Offshore 4.4.1.3. United States CO2 EOR Market Size and Forecast, by Component (2023-2030) 4.4.1.3.1. CO2 sources 4.4.1.3.2. Pipelines 4.4.1.3.3. Injection 4.4.1.3.4. National market forecasts 4.4.2. Canada 4.4.2.1. Canada CO2 EOR Market Size and Forecast, by Technology (2023-2030) 4.4.2.1.1. Thermal 4.4.2.1.2. Gas Injection 4.4.2.1.3. Chemical 4.4.2.1.4. Other EOR 4.4.2.2. Canada CO2 EOR Market Size and Forecast, by Application (2023-2030) 4.4.2.2.1. Onshore 4.4.2.2.2. Offshore 4.4.2.3. Canada CO2 EOR Market Size and Forecast, by Component (2023-2030) 4.4.2.3.1. CO2 sources 4.4.2.3.2. Pipelines 4.4.2.3.3. Injection 4.4.2.3.4. National market forecasts 4.4.3. Mexico 4.4.3.1. Mexico CO2 EOR Market Size and Forecast, by Technology (2023-2030) 4.4.3.1.1. Thermal 4.4.3.1.2. Gas Injection 4.4.3.1.3. Chemical 4.4.3.1.4. Other EOR 4.4.3.2. Mexico CO2 EOR Market Size and Forecast, by Application (2023-2030) 4.4.3.2.1. Onshore 4.4.3.2.2. Offshore 4.4.3.3. Mexico CO2 EOR Market Size and Forecast, by Component (2023-2030) 4.4.3.3.1. CO2 sources 4.4.3.3.2. Pipelines 4.4.3.3.3. Injection 4.4.3.3.4. National market forecasts 5. Europe CO2 EOR Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 5.1. Europe CO2 EOR Market Size and Forecast, by Technology (2023-2030) 5.2. Europe CO2 EOR Market Size and Forecast, by Application (2023-2030) 5.3. Europe CO2 EOR Market Size and Forecast, by Component (2023-2030) 5.4. Europe CO2 EOR Market Size and Forecast, by Country (2023-2030) 5.4.1. United Kingdom 5.4.1.1. United Kingdom CO2 EOR Market Size and Forecast, by Technology (2023-2030) 5.4.1.2. United Kingdom CO2 EOR Market Size and Forecast, by Application (2023-2030) 5.4.1.3. United Kingdom CO2 EOR Market Size and Forecast, by Component (2023-2030) 5.4.2. France 5.4.2.1. France CO2 EOR Market Size and Forecast, by Technology (2023-2030) 5.4.2.2. France CO2 EOR Market Size and Forecast, by Application (2023-2030) 5.4.2.3. France CO2 EOR Market Size and Forecast, by Component (2023-2030) 5.4.3. Germany 5.4.3.1. Germany CO2 EOR Market Size and Forecast, by Technology (2023-2030) 5.4.3.2. Germany CO2 EOR Market Size and Forecast, by Application (2023-2030) 5.4.3.3. Germany CO2 EOR Market Size and Forecast, by Component (2023-2030) 5.4.4. Italy 5.4.4.1. Italy CO2 EOR Market Size and Forecast, by Technology (2023-2030) 5.4.4.2. Italy CO2 EOR Market Size and Forecast, by Application (2023-2030) 5.4.4.3. Italy CO2 EOR Market Size and Forecast, by Component (2023-2030) 5.4.5. Spain 5.4.5.1. Spain CO2 EOR Market Size and Forecast, by Technology (2023-2030) 5.4.5.2. Spain CO2 EOR Market Size and Forecast, by Application (2023-2030) 5.4.5.3. Spain CO2 EOR Market Size and Forecast, by Component (2023-2030) 5.4.6. Sweden 5.4.6.1. Sweden CO2 EOR Market Size and Forecast, by Technology (2023-2030) 5.4.6.2. Sweden CO2 EOR Market Size and Forecast, by Application (2023-2030) 5.4.6.3. Sweden CO2 EOR Market Size and Forecast, by Component (2023-2030) 5.4.7. Austria 5.4.7.1. Austria CO2 EOR Market Size and Forecast, by Technology (2023-2030) 5.4.7.2. Austria CO2 EOR Market Size and Forecast, by Application (2023-2030) 5.4.7.3. Austria CO2 EOR Market Size and Forecast, by Component (2023-2030) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe CO2 EOR Market Size and Forecast, by Technology (2023-2030) 5.4.8.2. Rest of Europe CO2 EOR Market Size and Forecast, by Application (2023-2030) 5.4.8.3. Rest of Europe CO2 EOR Market Size and Forecast, by Component (2023-2030) 6. Asia Pacific CO2 EOR Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 6.1. Asia Pacific CO2 EOR Market Size and Forecast, by Technology (2023-2030) 6.2. Asia Pacific CO2 EOR Market Size and Forecast, by Application (2023-2030) 6.3. Asia Pacific CO2 EOR Market Size and Forecast, by Component (2023-2030) 6.4. Asia Pacific CO2 EOR Market Size and Forecast, by Country (2023-2030) 6.4.1. China 6.4.1.1. China CO2 EOR Market Size and Forecast, by Technology (2023-2030) 6.4.1.2. China CO2 EOR Market Size and Forecast, by Application (2023-2030) 6.4.1.3. China CO2 EOR Market Size and Forecast, by Component (2023-2030) 6.4.2. S Korea 6.4.2.1. S Korea CO2 EOR Market Size and Forecast, by Technology (2023-2030) 6.4.2.2. S Korea CO2 EOR Market Size and Forecast, by Application (2023-2030) 6.4.2.3. S Korea CO2 EOR Market Size and Forecast, by Component (2023-2030) 6.4.3. Japan 6.4.3.1. Japan CO2 EOR Market Size and Forecast, by Technology (2023-2030) 6.4.3.2. Japan CO2 EOR Market Size and Forecast, by Application (2023-2030) 6.4.3.3. Japan CO2 EOR Market Size and Forecast, by Component (2023-2030) 6.4.4. India 6.4.4.1. India CO2 EOR Market Size and Forecast, by Technology (2023-2030) 6.4.4.2. India CO2 EOR Market Size and Forecast, by Application (2023-2030) 6.4.4.3. India CO2 EOR Market Size and Forecast, by Component (2023-2030) 6.4.5. Australia 6.4.5.1. Australia CO2 EOR Market Size and Forecast, by Technology (2023-2030) 6.4.5.2. Australia CO2 EOR Market Size and Forecast, by Application (2023-2030) 6.4.5.3. Australia CO2 EOR Market Size and Forecast, by Component (2023-2030) 6.4.6. Indonesia 6.4.6.1. Indonesia CO2 EOR Market Size and Forecast, by Technology (2023-2030) 6.4.6.2. Indonesia CO2 EOR Market Size and Forecast, by Application (2023-2030) 6.4.6.3. Indonesia CO2 EOR Market Size and Forecast, by Component (2023-2030) 6.4.7. Malaysia 6.4.7.1. Malaysia CO2 EOR Market Size and Forecast, by Technology (2023-2030) 6.4.7.2. Malaysia CO2 EOR Market Size and Forecast, by Application (2023-2030) 6.4.7.3. Malaysia CO2 EOR Market Size and Forecast, by Component (2023-2030) 6.4.8. Vietnam 6.4.8.1. Vietnam CO2 EOR Market Size and Forecast, by Technology (2023-2030) 6.4.8.2. Vietnam CO2 EOR Market Size and Forecast, by Application (2023-2030) 6.4.8.3. Vietnam CO2 EOR Market Size and Forecast, by Component (2023-2030) 6.4.9. Taiwan 6.4.9.1. Taiwan CO2 EOR Market Size and Forecast, by Technology (2023-2030) 6.4.9.2. Taiwan CO2 EOR Market Size and Forecast, by Application (2023-2030) 6.4.9.3. Taiwan CO2 EOR Market Size and Forecast, by Component (2023-2030) 6.4.10. Rest of Asia Pacific 6.4.10.1. Rest of Asia Pacific CO2 EOR Market Size and Forecast, by Technology (2023-2030) 6.4.10.2. Rest of Asia Pacific CO2 EOR Market Size and Forecast, by Application (2023-2030) 6.4.10.3. Rest of Asia Pacific CO2 EOR Market Size and Forecast, by Component (2023-2030) 7. Middle East and Africa CO2 EOR Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 7.1. Middle East and Africa CO2 EOR Market Size and Forecast, by Technology (2023-2030) 7.2. Middle East and Africa CO2 EOR Market Size and Forecast, by Application (2023-2030) 7.3. Middle East and Africa CO2 EOR Market Size and Forecast, by Component (2023-2030) 7.4. Middle East and Africa CO2 EOR Market Size and Forecast, by Country (2023-2030) 7.4.1. South Africa 7.4.1.1. South Africa CO2 EOR Market Size and Forecast, by Technology (2023-2030) 7.4.1.2. South Africa CO2 EOR Market Size and Forecast, by Application (2023-2030) 7.4.1.3. South Africa CO2 EOR Market Size and Forecast, by Component (2023-2030) 7.4.2. GCC 7.4.2.1. GCC CO2 EOR Market Size and Forecast, by Technology (2023-2030) 7.4.2.2. GCC CO2 EOR Market Size and Forecast, by Application (2023-2030) 7.4.2.3. GCC CO2 EOR Market Size and Forecast, by Component (2023-2030) 7.4.3. Nigeria 7.4.3.1. Nigeria CO2 EOR Market Size and Forecast, by Technology (2023-2030) 7.4.3.2. Nigeria CO2 EOR Market Size and Forecast, by Application (2023-2030) 7.4.3.3. Nigeria CO2 EOR Market Size and Forecast, by Component (2023-2030) 7.4.4. Rest of ME&A 7.4.4.1. Rest of ME&A CO2 EOR Market Size and Forecast, by Technology (2023-2030) 7.4.4.2. Rest of ME&A CO2 EOR Market Size and Forecast, by Application (2023-2030) 7.4.4.3. Rest of ME&A CO2 EOR Market Size and Forecast, by Component (2023-2030) 8. South America CO2 EOR Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 8.1. South America CO2 EOR Market Size and Forecast, by Technology (2023-2030) 8.2. South America CO2 EOR Market Size and Forecast, by Application (2023-2030) 8.3. South America CO2 EOR Market Size and Forecast, by Component(2023-2030) 8.4. South America CO2 EOR Market Size and Forecast, by Country (2023-2030) 8.4.1. Brazil 8.4.1.1. Brazil CO2 EOR Market Size and Forecast, by Technology (2023-2030) 8.4.1.2. Brazil CO2 EOR Market Size and Forecast, by Application (2023-2030) 8.4.1.3. Brazil CO2 EOR Market Size and Forecast, by Component (2023-2030) 8.4.2. Argentina 8.4.2.1. Argentina CO2 EOR Market Size and Forecast, by Technology (2023-2030) 8.4.2.2. Argentina CO2 EOR Market Size and Forecast, by Application (2023-2030) 8.4.2.3. Argentina CO2 EOR Market Size and Forecast, by Component (2023-2030) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America CO2 EOR Market Size and Forecast, by Technology (2023-2030) 8.4.3.2. Rest Of South America CO2 EOR Market Size and Forecast, by Application (2023-2030) 8.4.3.3. Rest Of South America CO2 EOR Market Size and Forecast, by Component (2023-2030) 9. Global CO2 EOR Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading CO2 EOR Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Whiting Petroleum Corporation 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Kinder Morgan 10.3. Denbury Resources 10.4. NRG Energy 10.5. Occidental Petroleum Corporation 10.6. Cenovus Energy, Inc. 10.7. Husky Energy 10.8. Anadarko Petroleum Corporation 10.9. Linc Energy 10.10. Elk Petroleum 10.11. Saudi Aramco. 10.12. ExxonMobil Corporation, BP plc. 10.13. China Petroleum & Chemical Corporation 10.14. Royal Dutch Shell plc 10.15. Chevron Phillips Chemical Company LP. 10.16. Lukoil Oil Company 10.17. Praxair Technology, Inc. 10.18. Chevron Corporation 10.19. PetroleoBrasileiro S.A. 10.20. Cenovus Energy Inc. 11. Key Findings 12. Industry Recommendations 13. CO2 EOR Market: Research Methodology 14. Terms and Glossary
