Report Details
The CO2 EOR market is a well established sector of the oil and gas industry in the United
States with the first commercial projects dating back to the early 1970s. The
key enabler of this success has been the availability of a large volume of low
cost naturally occurring CO2, which has been tapped in the US to provide a
regular supply to EOR projects.
However, the US remains the only nation to have discovered naturally occurring CO2 sources apart from natural gas
collections with a high CO2 content. As maturing oil production markets provide
more opportunity for CO2 use in EOR Cory Schneider Devils Jersey , demand for CO2 has risen while supply volumes have not seen significant additions over the market's 35+ year history.
There has therefore been a growing interest in capturing some of the approximately 32
billion tonnes of CO2 released into the atmosphere globally from anthropogenic
sources, and using this to boost production of oil from waning production areas.
This creates opportunities in many more countries outside the US where CO2 EOR
markets have the potential to grow. The intensifying link with carbon capture
technology will mean that areas advanced in this technology with significant
maturing oil areas will prosper in the CO2 EOR market.
Visiongain calculates that spending in the CO2 EOR market will total $5.305bn at the start
of 2014. This includes spending on geological studies connected to CO2 EOR,
injection and production well drilling and reworking, pumping
equipment Beau Bennett Devils Jersey , CO2 recycling facilities and CO2 distribution pipelines. The report also covers investment into technology to capture carbon
from anthropogenic sources as this is increasingly becoming a major feeder to
CO2 EOR projects.
Carbon dioxide purchases are not included in the financial analysis. Due to the gas being such a major cost factor and the
inconsistent pricing and supply of CO2 globally, visiongain feels this would
distort investment figures for new CO2 EOR projects. However, the importance of
CO2 costs to individual projects and the market as a whole is discussed in the
report.
Why you should buy The Carbon Dioxide (CO2) Enhanced Oil Recovery (EOR) Market 2014-2024
What is the future of the carbon dioxide enhanced oil recovery market? Visiongain's comprehensive analysis contains highly
quantitative content delivering solid conclusions benefiting your analysis and
illustrates new opportunities and potential revenue streams helping you to
remain competitive. This definitive report will benefit your decision making and
help to direct your future business strategy.
Avoid falling behind competitors, missing critical business opportunities or losing industry
influence. In our new report you will discover forecasts from 2014-2024 at the
global Andy Greene Devils Jersey , regional and national level. The report also comprehensively lays out the market drivers and restrainers, risks and trends,
and leading companies and their strategies in order to help the reader make a
balanced decision regarding their investment or involvement. Read on to discover
the future market prospects for the CO2 EOR sector.
For more information kindly visit :
http:www.bharatbookoil-and-gas-market-research-reportsthe-carbon-dioxide-co2enhanced-oil-recovery-eormarket-2014-2024
Related link : www.bharatbookmarket-research-reportenergy-and-resources
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