Asia-Pacific Enhanced Oil Recovery Market By Onshore Vs. Offshore, By Type (Thermal, Miscible Gas, Chemical & Others), Competition Forecast & Opportunities, 2012 – 2022

Asia-Pacific enhanced oil recovery market was valued at $ 0.30 billion in 2016, and is projected to grow at a CAGR of over 12%, in value terms, during 2017-2022, to reach $ 0.69 billion by 2022, on the back of high cost of exploration and growing need to improve production of extra heavy crude oil. Countries such as China, India, South Korea and Indonesia accounted for 80% of the total consumption in Asia-Pacific. The regional market for EOR is anticipated to increase marginally until 2022, due to slump in crude oil prices. Loss in the profit margins due to the low crude oil prices would forbid the producers to increase oil production in the region, thus positively affecting the EOR market. Slow increase in the APAC EOR market by volume is due to the low crude oil prices, lesser production and slowdown in the Chinese economy. However, the market is anticipated to record better prospects after 2022.

Years considered for this report:

Historical Years: 2012-2015

Base Year: 2016

Estimated Year: 2017

Forecast Period: 2017–2022

Objective of the Study:

• The primary objective of the study was to understand and gain insights about the Asia-Pacific enhanced oil recovery market and its segmental analysis by onshore Vs. offshore, by type, country share and forecast its market by 2022.
• To categorize and forecast Asia-Pacific enhanced oil recovery market by onshore Vs. offshore. 
• To categorize and forecast Asia-Pacific enhanced oil recovery market by type such as thermal, miscible gas, chemical, & others. 
• To estimate, calculate and forecast market size for Asia-Pacific enhanced oil recovery market, in terms of value and volume.
• To strategically profile the leading manufacturers, distributors and importers in the market which cater to the Asia-Pacific enhanced oil recovery market.

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Few of the leading players in Asia-Pacific enhanced oil recovery market include The Halliburton Company, BP P.L.C., China Petroleum & Chemical Corporation, Royal Dutch Shell plc, Total S.A., China National Offshore Oil Corporation and Linde AG.

TechSci Research carried out Asia-Pacific enhanced oil recovery market study by considering various aspects of Asia-Pacific enhanced oil recovery market. In the beginning of the Asia-Pacific enhanced oil recovery market study, a brief study was done to understand each aspect of market outlook such as drivers, challenges, market trends and various other major factors affecting the market. Moreover, an in-depth analysis was conducted to understand Asia-Pacific enhanced oil recovery market scenario and to gauge the competitive scenario. Afterwards, a detailed scrutiny of by onshore Vs. offshore, by type, and by country markets for Asia-Pacific enhanced oil recovery market was conducted. In order to extract data for Asia-Pacific enhanced oil recovery market, primary research surveys were conducted with key opinion leaders, enhanced oil recovery solution providers, field operators, oilfield services companies, distributors, and channel partners to understand historical and present trends. 

Considering the assumptions, TechSci research dedicated team of industry experts has comprehensively monitored and analyzed various aspects of Asia-Pacific enhanced oil recovery market. TechSci research team has analyzed various segments and speculated a positive future for Asia-Pacific enhanced oil recovery market and subsequent countries. Also, various secondary sources were utilized for preparing this report such as directories, databases such as company annual reports, financial reports, proprietary databases, among others.

Key Target Audience:

• Enhanced oil recovery solution providers, field operators, oilfield services companies, distributors, and channel partners, EPC contractors and sub-contractors
• Customers (national oil companies, oil & gas multinationals)
• Research organizations and consulting companies
• Associations, organizations, forums and alliances related to enhanced oil recovery technologies
• Government bodies such as regulating authorities and policy makers

The study is useful in providing answers to past, current and future adoption of enhanced oil recovery technologies and solutions in Asia-Pacific enhanced oil recovery market. This study helps in analyzing specific country adoption trend of enhanced oil recovery solutions that are useful for industry stakeholders such as enhanced oil recovery solution providers, field operators, oilfield services companies, distributors, and channel partners, EPC contractors and sub-contractors, regulatory bodies, and customers (national oil companies, oil & gas multinationals).

Report Scope:

In this report, the Asia-Pacific enhanced oil recovery market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

• Market, By Application:
• Onshore
• Offshore
• Market, By Type:
• Thermal
• Miscible Gas
• Chemical
• Others
• Market, By Country:
• China
• India
• Indonesia
• Malaysia
• Australia
• Rest of Asia-Pacific

Competitive Landscape

Competition Benchmarking: Benchmarking of leading players on the basis of product portfolio.

Company Profiles: Detailed analysis of the major companies operating in Asia-Pacific Enhanced oil recovery market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

• Detailed list of distributors and dealers across all major countries.

Company Information

• Detailed analysis and profiling of additional market players (up to five).