Market Overview:
The global gas injected enhanced oil recovery market is expected to grow from USD 2.5 billion in 2018 to USD 5.8 billion by 2030, at a CAGR of 10.9% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for crude oil and natural gas across the globe and rising investments in EOR projects. Based on type, the global gas injected enhanced oil recovery market is segmented into CO2/N2 gas injection, CO2/CH4 gas injection, and other types.
Product Definition:
Gas injected enhanced oil recovery is a technique used to increase the amount of oil that can be extracted from an oilfield. This is accomplished by injecting gas into the reservoir, which reduces the viscosity of the oil and makes it easier to extract. Gas injection is an important technique for recovering remaining reserves from older fields, as well as for increasing production from newer fields.
CO2/N2 Gas Injection:
CO2/N2 gas injection is a process in which carbon dioxide and nitrogen are mixed with oil to increase the pressure of the oil. This process is used in various applications such as Enhanced Oil Recovery (EOR). The growth factor for this market is increasing demand from E&P companies due to its cost-effectiveness, ease of handling, and safety.
CO2/CH4 Gas Injection:
CO2/CH4 gas injection is a process in which carbon dioxide and methane are mixed with oil to increase its recovery rate from the well. The primary reason for using CO2/CH4 gas injection is to reduce water production during oil extraction. This helps in increasing the overall production of crude oil or natural gas, by reducing the percentage of produced water along with it.
Application Insights:
Onshore application dominated the global gas injected enhanced oil recovery market, accounting for over 80% of the total revenue in 2017. The segment is expected to retain its dominance throughout the forecast period owing to increasing onshore exploration activities particularly in North America and Europe.
The offshore segment is projected to witness a CAGR of XX% from 2018 to 2030 owing to growing production activities in Saudi Arabia, Brazil and China among others. In addition, low cost structures coupled with technological advancements are anticipated to promote the use of GIIER for deepwater wells across various regions including Asia Pacific and Middle East & Africa over the coming years.
Regional Analysis:
North America dominated the global gas injected enhanced oil recovery market in terms of revenue with a share of over 60% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing offshore drilling activities coupled with rising shale gas exploration and production in the U.S. and Canada.
The Asia Pacific regional market for GIIR EOR is anticipated to witness significant growth during the forecast period owing to large scale investments being made by governments for unconventional hydrocarbon resource development, such as shale gas, tight oil & tar sands, coal bed methane (CBM), etc., which are majorly used for GIIR EOR applications across countries such as China and India.
Growth Factors:
- Increasing demand for oil and gas due to rising population and industrialization
- Rising prices of crude oil in the international market
- Government initiatives for promotion of enhanced oil recovery techniques
- Technological advancements in gas injection methods
- Growing awareness about the benefits of gas injection enhanced oil recovery
Scope Of The Report
Report Attributes
Report Details
Report Title
Gas Injected Enhanced Oil Recovery Market Research Report
By Type
CO2/N2 Gas Injection, CO2/CH4 Gas Injection, Other
By Application
Onshore, Offshore
By Companies
BP, Chevron, Exxon Mobil, Halliburton, Royal Dutch Shell, Schlumberger, China Petroleum & Chemical Corporation, PJSC Lukoil Oil Company, Praxair Technology, Petroleo Brasileiro, Cenovus Energy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Gas Injected Enhanced Oil Recovery Market Report Segments:
The global Gas Injected Enhanced Oil Recovery market is segmented on the basis of:
Types
CO2/N2 Gas Injection, CO2/CH4 Gas Injection, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Onshore, Offshore
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BP
- Chevron
- Exxon Mobil
- Halliburton
- Royal Dutch Shell
- Schlumberger
- China Petroleum & Chemical Corporation
- PJSC Lukoil Oil Company
- Praxair Technology
- Petroleo Brasileiro
- Cenovus Energy
Highlights of The Gas Injected Enhanced Oil Recovery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- CO2/N2 Gas Injection
- CO2/CH4 Gas Injection
- Other
- By Application:
- Onshore
- Offshore
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gas Injected Enhanced Oil Recovery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Gas injected enhanced oil recovery (GIIOR) is a technology used to increase the production of oil and gas from tight formations. GIIOR involves injecting pressurized gas into the formation, which causes the oil and gas to rise to the surface.
Some of the major companies in the gas injected enhanced oil recovery market are BP, Chevron, Exxon Mobil, Halliburton, Royal Dutch Shell, Schlumberger, China Petroleum & Chemical Corporation, PJSC Lukoil Oil Company, Praxair Technology, Petroleo Brasileiro, Cenovus Energy.
The gas injected enhanced oil recovery market is expected to register a CAGR of 10.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gas Injected Enhanced Oil Recovery Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Gas Injected Enhanced Oil Recovery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gas Injected Enhanced Oil Recovery Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Gas Injected Enhanced Oil Recovery Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Gas Injected Enhanced Oil Recovery Market Size & Forecast, 2020-2028
4.5.1 Gas Injected Enhanced Oil Recovery Market Size and Y-o-Y Growth
4.5.2 Gas Injected Enhanced Oil Recovery Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 CO2/N2 Gas Injection
5.2.2 CO2/CH4 Gas Injection
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gas Injected Enhanced Oil Recovery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Gas Injected Enhanced Oil Recovery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 CO2/N2 Gas Injection
9.6.2 CO2/CH4 Gas Injection
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Onshore
9.10.2 Offshore
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 CO2/N2 Gas Injection
10.6.2 CO2/CH4 Gas Injection
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Onshore
10.10.2 Offshore
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 CO2/N2 Gas Injection
11.6.2 CO2/CH4 Gas Injection
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Onshore
11.10.2 Offshore
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 CO2/N2 Gas Injection
12.6.2 CO2/CH4 Gas Injection
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Onshore
12.10.2 Offshore
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 CO2/N2 Gas Injection
13.6.2 CO2/CH4 Gas Injection
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Onshore
13.10.2 Offshore
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Gas Injected Enhanced Oil Recovery Market: Competitive Dashboard
14.2 Global Gas Injected Enhanced Oil Recovery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BP
14.3.2 Chevron
14.3.3 Exxon Mobil
14.3.4 Halliburton
14.3.5 Royal Dutch Shell
14.3.6 Schlumberger
14.3.7 China Petroleum & Chemical Corporation
14.3.8 PJSC Lukoil Oil Company
14.3.9 Praxair Technology
14.3.10 Petroleo Brasileiro
14.3.11 Cenovus Energy
