High oil prices are helping companies using carbon dioxide for enhanced oil recovery pay more for CO2. This is providing an increasing amount of opportunities for facilities producing carbon as a by-product to monetise their waste. This provides both an option to increase production of oil from maturing fields, while sequestering the undesirable CO2 in safe underground structures. An analysis indicates that the carbon dioxide enhanced oil recovery market will reach a value of $4.2bn in 2012.
The lead analyst of the carbon dioxide enhanced oil recovery report commented that “The US has long been the focal point for CO2 EOR operations with its considerable supply of naturally occurring CO2 and maturing onshore oil basins. However, as anthropogenic sources of CO2 are increasingly being combined with EOR projects, other parts of the world and particularly nations with advanced carbon capture technology, are seeing considerable developments’’.
The report contains 61 tables, charts and graphs that add visual analysis in order to explain developing trends within the carbon dioxide enhance oil recovery market. This report provides forecasts for the period 2012-2022 in terms of value (US$) for the global carbon dioxide enhance oil recovery market. This is broken down into 5 forecasted national carbon dioxide enhance oil recovery markets, as well as a forecast for Europe and the rest of the world. The report provides profiles of 21 leading companies operating within the market, and includes an interview with a principal carbon dioxide enhance oil recovery company, providing expert insight alongside analysis.
The carbon dioxide enhance oil recovery market 2012-2022 will be of value to current and future potential investors into the enhanced oil recovery and carbon capture and sequestration markets, as well as companies and research centres who wish to broaden their knowledge of the carbon dioxide enhanced oil recovery developments.