Global Spending in the carbon dioxide (CO2) Enhanced oil recovery (EOR) Market to total $5.305bn in 2014

Monday 30 June 2014, Amsterdam

Global spending in the CO2 EOR market will stand at $5.305bn by the start of 2014, according to the new report The Carbon Dioxide (CO2) Enhanced Oil Recovery (EOR) Market 2014-2024.

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, the current climate of high oil prices and concerns over CO2 emissions is creating opportunities for anthropogenic sources of CO2 to be used in conjunction with EOR, which is leading to CO2 EOR developments in other parts of the world. Though government support for the high-cost industry remains crucial, the CO2 EOR market is expected to register strong growth over the coming decade.”

The 154 page report contains 93 tables, charts and graphs that add visual analysis in order to explain developing trends within the CO2 EOR market. The new report provides spending forecasts ($US) for the period 2014-2024 for the global market, as well as forecasts and analysis for the 8 leading national or regional markets. In addition, the report provides profiles of the 15 leading companies operating within the North American CO2 EOR market, including information on barrels per day production, market share, current production locations and future outlook. Shorter profiles for a further 9 leading companies in the international CO2 EOR market are also provided, in addition to the transcripts of two original interviews with Susan Cole, CEO of Enhance Energy and Gordon Sim, Business Development Executive at Scottish Carbon Capture and Storage (SCCS) , who provide expert insight into the CO2 EOR market.

The Carbon Dioxide (CO2) Enhanced Oil Recovery (EOR) Market 2014-2024 will be of value to anyone who wants to better understand the CO2 EOR industry and its dynamics. It will be useful for businesses already involved in the CO2 EOR market, or for those wishing to enter this growing industry in the future.