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Oil & Natural Gas Supply


The past and ongoing research into enhanced oil recovery (EOR) can be roughly divided into four general areas:

—Gas injection, including CO2, N2, NGL, flue

—Chemical, including
surfactant, surfactant with polymer, surfactant with foam

—Thermal, including convention steam, steam assisted gravity drainage, cyclic injection, and in-situ combustion

—Conformance and related| issues. 

Each area has its own history, potential, technology, opportunities and obstacles. The obstacles can be categorized as technical, economic, and legal/regulatory. Each area is needed to maximize the production potential of the domestic fields. The “prize” is quite large, however. According to the U.S. Department of Energy (DOE), 175 billion barrels have been produced in the U.S. (excluding the deep and ultra-deep water Gulf of Mexico. However, from those same fields 400 billion barrels are “stranded” after traditional primary and secondary oil recovery. This compares to an estimated 21 billion barrels of proven reserves, so the opportunities are enormous.

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Enhanced Oil Recovery White Paper

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Enhanced Oil Recovery - Global Market Report

Transparency Market Research has released, Enhanced Oil Recovery market - Drivers, inhibitors and opportunities in digital format. One of the drivers for EOR utilization is the expanding industrialization and population base in the Asia-Pacific increasing the demand for more energy. Diminishing reserves in this area has pushed the growth of EOR technologies to increase production from aging fields. EOR technologies are being widely adopted in the Middle East, particularly the use of solar EOR methods. In 2012 thermal recovery accounted for 51.5% of worldwide EOR use. The report predicts that thermal recovery has reached saturation and its growth in the market will decline, mainly due to the increase of gas EOR use. Gas EOR accounted for 38.5% of the market in 2013 and is expected to continue to expand slowly. The largest growth in global EOR market is in chemical recovery technologies. In 2012 chemical EOR held 10% of the global market. This is expected to expand to 29.7% by 2023. North America continues to dominate the EOR market with 38.9% of the volume of oil produced, followed by the Asia Pacific region at 20.7%. The full report is available here.


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