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:
- 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).
In
case of you can’t find what you are looking for then please get in touch with
our custom research team at [email protected]