Global Injection System Market For Enhanced Oil Recovery Will Grow During The Forecast Period 2014 - 2020
Oil and gas industry is investing heavily in new technologies to increase oil production and meet energy demand. Depleting reserves are hampering the oil production of the companies. The focus has been shifted towards deep and ultra deep reserves that are unexplored. But the companies are also using enhanced oil recovery method to produce from depleting reserves. The number of enhanced oil recovery projects is expected to increase during the forecast period. This will require multiple injection wells and the equipment used for injection system. Owing to these factors, the injection system market for enhanced oil recovery will grow during the forecast period.
Crude oil is produced from the reservoir using three methods namely primary, secondary and tertiary. In primary method, the oil is produced using reservoir pressure. This pressure decreases with time which derates the production. In secondary method, crude oil is produced by using artificial lift or gas injection to increase reservoir pressure. Depleted reservoir consists approximately more that 50 percent unproduced oil. To extract this oil various chemicals and fluids are injected using an injection well. This is known as the tertiary method of crude oil production. Carbon dioxide gas, nitrogen gas, hydrocarbons, hot water, steam, polymers, surfactants, etc can be used to inject into the reservoir. These fluids are injected several times. The type of fluid injected depends upon factors such as cost, availability and reservoir characteristics. Tertiary methods increase the crude oil recovery by approximately 15 to 25 percent. However, the production from an enhanced oil recovery project does not increase after injection. It is a time consuming process and sometimes it may take even two years to increase production from the reservoir.
The global injection system market for enhanced oil recovery can be segmented on the basis of equipment into injection trees, pumps, in line chokes, in line check valves, injection assembly and others. The equipment used in injection well should be compatible with the type of fluids that is injected into the reservoir. Moreover, the equipment should also be able to withstand vigorous condition i.e. high pressure and high temperature. Various types of pumps are available depending upon the type of fluids that will be injected. More than 50 percent of global enhanced oil recovery projects are taking place in North America. The region is also expected to dominate the global injection control system market for enhanced oil recovery during the forecast period.
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This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
Make an Enquiry of this report @ http://www.researchmoz.us/enquiry.php?type=E&repid=234453
Crude oil is produced from the reservoir using three methods namely primary, secondary and tertiary. In primary method, the oil is produced using reservoir pressure. This pressure decreases with time which derates the production. In secondary method, crude oil is produced by using artificial lift or gas injection to increase reservoir pressure. Depleted reservoir consists approximately more that 50 percent unproduced oil. To extract this oil various chemicals and fluids are injected using an injection well. This is known as the tertiary method of crude oil production. Carbon dioxide gas, nitrogen gas, hydrocarbons, hot water, steam, polymers, surfactants, etc can be used to inject into the reservoir. These fluids are injected several times. The type of fluid injected depends upon factors such as cost, availability and reservoir characteristics. Tertiary methods increase the crude oil recovery by approximately 15 to 25 percent. However, the production from an enhanced oil recovery project does not increase after injection. It is a time consuming process and sometimes it may take even two years to increase production from the reservoir.
The global injection system market for enhanced oil recovery can be segmented on the basis of equipment into injection trees, pumps, in line chokes, in line check valves, injection assembly and others. The equipment used in injection well should be compatible with the type of fluids that is injected into the reservoir. Moreover, the equipment should also be able to withstand vigorous condition i.e. high pressure and high temperature. Various types of pumps are available depending upon the type of fluids that will be injected. More than 50 percent of global enhanced oil recovery projects are taking place in North America. The region is also expected to dominate the global injection control system market for enhanced oil recovery during the forecast period.
To Get Sample Copy of Report visit @ http://www.researchmoz.us/enquiry.php?type=S&repid=234453
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
Make an Enquiry of this report @ http://www.researchmoz.us/enquiry.php?type=E&repid=234453