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Jan 8, 2014 : Bharat Book Bureau presents the new report, on ''The Carbon Dioxide (CO2) Enhanced Oil Recovery (EOR) Market 2014-2024" contains highly quantitative content delivering solid conclusions benefiting your analysis and illustrates new opportunities and potential revenue streams helping you to remain competitive.
The CO2 EOR market is a well established sector of the oil and gas industry in the United States with the first commercial projects dating back to the early 1970s. The key enabler of this success has been the availability of a large volume of low cost naturally occurring CO2, which has been tapped in the US to provide a regular supply to EOR projects.
However, the US remains the only nation to have discovered naturally occurring CO2 sources apart from natural gas collections with a high CO2 content. As maturing oil production markets provide more opportunity for CO2 use in EOR, demand for CO2 has risen while supply volumes have not seen significant additions over the market's 35+ year history.
There has therefore been a growing interest in capturing some of the approximately 32 billion tonnes of CO2 released into the atmosphere globally from anthropogenic sources, and using this to boost production of oil from waning production areas. This creates opportunities in many more countries outside the US where CO2 EOR markets have the potential to grow. The intensifying link with carbon capture technology will mean that areas advanced in this technology with significant maturing oil areas will prosper in the CO2 EOR market.
Visiongain calculates that spending in the CO2 EOR market will total $5.305bn at the start of 2014. This includes spending on geological studies connected to CO2 EOR, injection and production well drilling and reworking, pumping equipment, CO2 recycling facilities and CO2 distribution pipelines. The report also covers investment into technology to capture carbon from anthropogenic sources as this is increasingly becoming a major feeder to CO2 EOR projects.
Carbon dioxide purchases are not included in the financial analysis. Due to the gas being such a major cost factor and the inconsistent pricing and supply of CO2 globally, visiongain feels this would distort investment figures for new CO2 EOR projects. However, the importance of CO2 costs to individual projects and the market as a whole is discussed in the report.
Why you should buy The Carbon Dioxide (CO2) Enhanced Oil Recovery (EOR) Market 2014-2024
What is the future of the carbon dioxide enhanced oil recovery market? Visiongain's comprehensive analysis contains highly quantitative content delivering solid conclusions benefiting your analysis and illustrates new opportunities and potential revenue streams helping you to remain competitive. This definitive report will benefit your decision making and help to direct your future business strategy.
Avoid falling behind competitors, missing critical business opportunities or losing industry influence. In our new report you will discover forecasts from 2014-2024 at the global, regional and national level. The report also comprehensively lays out the market drivers and restrainers, risks and trends, and leading companies and their strategies in order to help the reader make a balanced decision regarding their investment or involvement. Read on to discover the future market prospects for the CO2 EOR sector.
For more information kindly visit : http://www.bharatbook.com/oil-and-gas-market-research-reports/the-carbon-dioxide-co2enhanced-oil-recovery-eormarket-2014-2024.html
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