Below are some of the key findings from this gas injected enhanced oil recovery market research report
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Global gas injected enhanced oil recovery industry overview
Unconventional energy sources have been receiving substantial impetus over the last decade because of the depletion of easy crude oil available in formations. Unconventional oil and gas resources refer to the crude oil and natural gas found in shale formations and oil sands. However, unconventional hydrocarbons lose the natural pressure of flow quickly compared with conventional hydrocarbon sources, thereby increasing the need for enhanced oil recovery techniques. Enhanced oil recovery techniques help in increasing the production from oil and gas wells. The rise in unconventional oil and gas resources will boost gas injected EOR market growth during the forecast period.
Moreover, the growing investments in the shale industry will also positively impact the growth of gas injected EOR market size. There is a growing investment in shale projects especially in the US and companies are focusing on investing in short-cycle shale projects to ensure a quick return on investments. For instance, China Energy Investment Corporation has already made plans to invest USD 83 billion in shale gas projects in the US. Similarly, Chevron has also made plans to invest over USD 4 billion in shale gas development in the US. Such investments in the shale industry will drive the need for enhanced oil recovery techniques, in turn, driving gas injected enhanced oil recovery market growth.
Top gas injected enhanced oil recovery companies covered in this market research report
The gas injected enhanced oil recovery market is fairly fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by companies, this gas injected enhanced oil recovery industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
- BP
- Chevron
- Exxon Mobil
- Halliburton
- Royal Dutch Shell
- Schlumberger
Gas injected enhanced oil recovery market segmentation based on geographic regions
With a complete study of the growth opportunities for the companies, it has been estimated that the Americas will account for the highest gas injected enhanced oil recovery market share throughout the forecast period. The market potential for gas injected enhanced oil recovery is high in the Americas because of the increasing production from large shale deposits.
Gas injected enhanced oil recovery market segmentation based on application
The onshore segment will account for the largest gas injected enhanced oil recovery market share. The report provides an accurate prediction of the contribution of the various segments to the growth of the gas injected enhanced oil recovery market size.
Key highlights of the global gas injected enhanced oil recovery market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the gas injected enhanced oil recovery market during the next five years
- Precise estimation of the global gas injected enhanced oil recovery market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the gas injected enhanced oil recovery industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of gas injected enhanced oil recovery companies
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