SBI Bulletin - EOR Around the World

Published: April 1, 2012 - 23 Pages

Table of Contents

Scope and Methodology

SBI Bulletin: EOR Around the World
Use of Enhanced Oil Recovery (EOR) Worldwide
Figure 1-1 EOR Market Value Worldwide 2005-2009 (in billions)
Figure 1-2 Projected EOR Production Worldwide, in Barrels 2009-2015 (in billion barrels)
EOR Market Value Projected to Reach $1.3 Trillion by 2015
Saudi Arabia to Use CO2-EOR in World’s Largest Oil Field
Mature Oilfields in Russia Benefit from EOR
United States Favors CO2-EOR
Clean Coal Power Initiative
The Pipeline and Hazardous Materials Safety Administration
EPA Proposes New Well Category and Regulations for EOR
UIC Safe Drinking Water Act
National Environmental Policy Act
Tax Credit for CO2-EOR Sequestration in U.S.
Iran Not Investing in EOR
China Has Huge EOR Potential
Brazil Discovers Large Offshore Oil Field
EOR in Mexico Has Helped to Slow Production Decline
Canada’s Alberta Oil Fields Especially Suited For CO2-EOR
Canada’s Energy and Utility Board
Alberta’s Oil & Gas Conservation Regulations
United Arab Emirates Major Expansion Program
EOR in Venezuela Has Potential to Add 40 Billion Barrels
EOR in Kuwait on Hold
Norway’s EOR Production All Offshore
Threats from Armed Rebels Slow Oil Production in Nigeria
Algeria to Claim Roughly 2.4% of EOR Market Share by 2015
Iraq Offers Production-Service Contracts to International Companies
Foreign Oil Companies Invest in Angola’s Oil Fields
Un-Sanctioned Libya Has Freedom to Move Forward
U.K. to Increase Productivity of Mature Fields through EOR
Qatar Turns to EOR to Offset Anticipated Oil Declines
India’s ONGC Invests $14 Billion in EOR Schemes
EOR May Save Oman’s Oil Production
Syria Testing Cyclic-Steam EOR
Countries New to EOR Change Market Share Dramatically
Figure 1-3 Projected EOR Worldwide Market Share of Production in Barrels, by Country 2015 (in %)
Table 1-1 Projected EOR Worldwide Market Share in Production of Barrels by Country, with Percent Change 2009 – 2015 (in %)
EOR’s Share Will Comprise One-third of Total Oil Market by 2015
Figure 1-4 Projected EOR Market Share Worldwide 2015 (in barrels)


SBI Bulletin EOR Around the World: Projects and Markets 2009-2015 provides a country by country global overview of enhanced oil recovery markets. Enhanced oil recovery (EOR), also referred to as improved oil recovery or tertiary oil recovery, is most often achieved by injecting a liquid or gas into an oil reservoir, thereby lowering oil viscosity and increasing the amount of oil available for production. Some of the more common EOR methods include CO2-EOR, thermal EOR and chemical EOR. Microbial EOR and seismic EOR also hold a strong niche in the EOR market. While only about 10% - 30% of oil is typically extracted by conventional oil production processes, EOR methods can enhance these recovery rates by an additional 5% to 20% on average.

Technological challenges, hazy regulations, and costly implementation have in past often kept oil companies from using EOR. However, EOR is quickly becoming more feasible due to rising government interest and investment, new technologies, and increased availability of required materials such as CO2. It is expected EOR will continue to perform extremely well in the world marketplace.

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