Global market for enhanced oil recovery & technology worth $16.3 billion by 2014

The global market for enhanced oil recovery (EOR) technology was worth $8.4 billion in 2008 but was significantly affected by the global economic recession and declined to $4.7 billion in 2009. It is expected to grow to $16.3 billion by 2014, a CAGR of 28.4% from 2009 through 2014.

Learn about the worldwide enhanced oil recovery (EOR) industry and the market for associated EOR technologies; summarizing existing and emerging technologies; market trends and projections through 2014...

Use this report to:

• Learn about the ways in which enhanced oil recovery (EOR) technologies are becoming increasingly significant to the global oil supply, including data regarding the amount of oil in place that could potentially be extracted via EOR
• Identify emerging EOR technologies anticipated to be commercially viable within the next 5 years and how they may impact future markets
• Formulate business strategies based on this analysis of market conditions, production statistics, technological issues and applications, supporting incentives and regulations in major worldwide markets, and an evaluation of major EOR projects proposed or underway
• Understand how EOR technologies can contribute to a country’s efforts to reduce its dependence upon oil imports and thus achieve greater energy independence.

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