Please Wait.....
Report
Middle East Enhanced Oil Recovery Market By Technology (Gas, Thermal, Chemical, Microbial, Others), By Application (Offshore, Onshore), By Country, Competition, Forecast and Opportunities, 2028
Market Report (3 business days) I 2023-09-05 I 140 Pages I TechSci Research
Middle East Enhanced Oil Recovery Market is anticipated to grow at a steady pace in the forecast period, 2023-2028. The exponential expansion in oil consumption across a variety of industries including transportation, shipping, electricity, manufacturing, and others, has increased demand for petroleum products. To fulfill the increased demand for oil, operators are employing a few cutting-edge technologies. Enhanced Oil Recovery (EOR) maximizes oil recovery from the reservoir, improving overall output. Furthermore, by avoiding the drilling of a new well, which is projected to enhance the market, the production cost is reduced.
EOR techniques are classified into three types: gas injection, heat injection, and chemical injection. Gas injection, which employs gases such as natural gas, nitrogen, or carbon dioxide (CO2), accounts for roughly 60% of EOR output. The most widely employed technique in improved oil recovery is gas injection or miscible flooding. Miscible flooding refers to injection procedures that use miscible gases in the reservoir. Various technologies are employed in this approach to heat the crude oil in the formation to reduce its viscosity and/or evaporate portion of the oil, lowering the mobility ratio. Cyclic steam injection, steam flooding, and combustion are all methods. These strategies increase the sweep and displacement efficiency.
Increasing Demand for Energy Security to Boost the Middle East Enhanced Oil Recovery Market
The Middle East has long been the center of the world oil market, with 810 billion barrels of known reserves (50 percent of global total) and 28 million barrels per day of output (30 percent of global total). The Middle East today consumes roughly 33% of the oil it produces, up from 20% in 2000. The total population is around 260 million, with a 2.2% annual growth rate. A barrel of oil may be extracted for as little as USD5 in Saudi Arabia. Furthermore, massive oil subsidies stimulate demand while promoting wasteful behavior. Due to which the market of middle east enhanced oil recovery is rising rapidly.
Qatar Energy has awarded Samsung C&T an EPC contract for its industrial cities' solar power project (IC Solar), which comprises the construction of two large-scale PV solar power plants in Qatar's industrial towns. The project is Qatar Energy Renewable Solutions' first investment, and it will invest in and hold Qatar's renewables and other sustainable efforts in the future.
Companies are working hard to improve output from existing fields that have reached their maximum production capacity to meet increased demand for oil and gas. According to the findings of a company's study, mature fields account for around 70% of oil and gas output. As a result, these businesses are now concentrating their efforts on boosting recovery and prolonging the life of older fields utilizing EOR technology. As a result, they are outpacing output, raising market demand for more oil recovery.
Gradual shift towards optimizing oil recovery from reservoirs and upcoming projects of oil and gas
In 2021, the Middle East consumed 374.9 million metric tons of oil, a 3.7 percent increase over the previous year. Figures increased by 211 million metric tons throughout the study period, culminating at 401.7 million metric tons in 2018. There was a rise in global oil usage as of 2021. In comparison, oil consumption in Europe increased by 5.2 percent. Hence, the Middle East Enhanced oil recovery market is expected to grow with a high CAGR in the forecast period. Since, oil consumption is rising in middle east countries hence the demand for EOR is also growing rapidly.
Large amounts of generated water are frequently pumped to the surface by enhanced oil recovery wells. This water includes brine, as well as harmful heavy metals and radioactive compounds. If not adequately regulated, this may be extremely harmful to drinking water supplies and the ecosystem in general. By injecting generated water far down, disposal wells prevent surface pollution of soil and water, and these factors are restraining the market growth.
Market Segmentation
The Middle East Enhanced Oil Recovery Market is divided into technology, application, country and competitive landscape. Based on Technology, the market is segmented into gas, thermal, chemical, microbial, others. Based on Application, the market is segmented into Offshore, Onshore. Based on country the market is divided into Saudi Arabia, UAE, Qatar, Kuwait, Bahrain and rest of Middle East.
Market Players
Major market players in the Middle East Enhanced Oil Recovery Market are Schlumberger Limited, BP P.L.C., Saudi Aramco, Petroleum Development Oman, China National Offshore Oil Corporation, Linde AG and Abu Dhabi National Oil Company, SGS SA, Kemira Oyj, Linde Plc.
Report Scope:
In this report, the Middle East Enhanced Oil Recovery Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Middle East Enhanced Oil Recovery Market, By Technology:
o Gas
o Thermal
o Chemical
o Microbial
o Others
- Middle East Enhanced Oil Recovery Market, By Application:
o Offshore
o Onshore
- Middle East Enhanced Oil Recovery Market, By Country:
o Saudi Arabia
o UAE
o Qatar
o Kuwait
o Bahrain
o Rest of Middle East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Middle East Enhanced Oil Recovery Market.
Available Customizations:
Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Service Overview
1.1. Market Definition
1.2. Scope of the Market
1.3. Markets Covered
1.4. Years Considered for Study
1.4.1. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
4. Voice of Customers
5. Middle East Enhanced Oil Recovery Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Technology (Gas, Thermal, Chemical, Microbial, Others)
5.2.2. By Application (Offshore, Onshore)
5.2.3. By Country (Saudi Arabia, UAE, Qatar, Kuwait, Bahrain and Rest of Middle East)
5.3. By Company (2022)
5.4. Market Map
6. Saudi Arabia Enhanced Oil Recovery Market Outlook
6.1. Saudi Arabia Economic Profile
6.2. Market Size & Forecast
6.2.1. By Value
6.3. Market Share & Forecast
6.3.1. By Technology
6.3.2. By Application
6.4. Saudi Arabia Energy Outlook
6.4.1. Saudi Arabia Primary Energy Consumption
6.4.2. Saudi Arabia Oil Production
6.4.3. Saudi Arabia Oil Consumption
6.4.4. Saudi Arabia Natural Gas Production
6.5. Saudi Arabia Rig Count Outlook
7. UAE Enhanced Oil Recovery Market Outlook
7.1. UAE Economic Profile
7.2. Market Size & Forecast
7.2.1. By Value
7.3. Market Share & Forecast
7.3.1. By Technology
7.3.2. By Application
7.4. UAE Energy Outlook
7.4.1. UAE Primary Energy Consumption
7.4.2. UAE Oil Production
7.4.3. UAE Oil Consumption
7.4.4. UAE Natural Gas Production
7.5. UAE Rig Count Outlook
8. Qatar Enhanced Oil Recovery Market Outlook
8.1. Qatar Economic Profile
8.2. Market Size & Forecast
8.2.1. By Value
8.3. Market Share & Forecast
8.3.1. By Technology
8.3.2. By Application
8.4. Qatar Energy Outlook
8.4.1. Qatar Primary Energy Consumption
8.4.2. Qatar Oil Production
8.4.3. Qatar Oil Consumption
8.4.4. Qatar Natural Gas Production
8.5. Qatar Rig Count Outlook
9. Kuwait Enhanced Oil Recovery Market Outlook
9.1. Kuwait Economic Profile
9.2. Market Size & Forecast
9.2.1. By Value
9.3. Market Share & Forecast
9.3.1. By Technology
9.3.2. By Application
9.4. Kuwait Energy Outlook
9.4.1. Kuwait Primary Energy Consumption
9.4.2. Kuwait Oil Production
9.4.3. Kuwait Oil Consumption
9.4.4. Kuwait Natural Gas Production
9.5. Kuwait Rig Count Outlook
10. Bahrain Enhanced Oil Recovery Market Outlook
10.1. Bahrain Economic Profile
10.2. Market Size & Forecast
10.2.1. By Value
10.3. Market Share & Forecast
10.3.1. By Technology
10.3.2. By Application
10.4. Bahrain Energy Outlook
10.4.1. Bahrain Primary Energy Consumption
10.4.2. Bahrain Oil Production
10.4.3. Bahrain Oil Consumption
10.4.4. Bahrain Natural Gas Production
10.5. Bahrain Rig Count Outlook
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Total Number of Rig Count in Middle East
13. Company Profiles
13.1. Schlumberger Limited,
13.1.1. Business Overview
13.1.2. Key Revenue and Financials (If Available)
13.1.3. Recent Developments
13.1.4. Key Personnel
13.1.5. Key Product/Services
13.2. BP P.L.C
13.2.1. Business Overview
13.2.2. Key Revenue and Financials (If Available)
13.2.3. Recent Developments
13.2.4. Key Personnel
13.2.5. Key Product/Services
13.3. Saudi Aramco
13.3.1. Business Overview
13.3.2. Key Revenue and Financials (If Available)
13.3.3. Recent Developments
13.3.4. Key Personnel
13.3.5. Key Product/Services
13.4. Petroleum Development Oman
13.4.1. Business Overview
13.4.2. Key Revenue and Financials (If Available)
13.4.3. Recent Developments
13.4.4. Key Personnel
13.4.5. Key Product/Services
13.5. China National Offshore Oil Corporation
13.5.1. Business Overview
13.5.2. Key Revenue and Financials (If Available)
13.5.3. Recent Developments
13.5.4. Key Personnel
13.5.5. Key Product/Services
13.6. Linde AG
13.6.1. Business Overview
13.6.2. Key Revenue and Financials (If Available)
13.6.3. Recent Developments
13.6.4. Key Personnel
13.6.5. Key Product/Services
13.7. Abu Dhabi National Oil Company
13.7.1. Business Overview
13.7.2. Key Revenue and Financials (If Available)
13.7.3. Recent Developments
13.7.4. Key Personnel
13.7.5. Key Product/Services
13.8. SGS SA
13.8.1. Business Overview
13.8.2. Key Revenue and Financials (If Available)
13.8.3. Recent Developments
13.8.4. Key Personnel
13.8.5. Key Product/Services
13.9. Kemira Oyj
13.9.1. Business Overview
13.9.2. Key Revenue and Financials (If Available)
13.9.3. Recent Developments
13.9.4. Key Personnel
13.9.5. Key Product/Services
13.10. Linde Plc
13.10.1. Business Overview
13.10.2. Key Revenue and Financials (If Available)
13.10.3. Recent Developments
13.10.4. Key Personnel
13.10.5. Key Product/Services
14. Strategic Recommendations
15. About Us & Disclaimer
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security