Carbon Dioxide Enhanced Oil Recovery Market

Carbon dioxide purity above 90% can be used to increase oil recovery. After carbon dioxide is dissolved in water in the formation, it can increase the viscosity of water by 20% to 30%. After the carbon dioxide is dissolved in the oil, the volume of the crude oil is expanded, the viscosity is reduced by 30% to 80%, and the oil-water interfacial tension is reduced, which is beneficial to increase the oil recovery rate, improve the oil washing efficiency and collect residual oil.
Carbon Dioxide Enhanced Oil Recovery Market contains market size and forecasts of Carbon Dioxide Enhanced Oil Recovery in Global, including the following market information:
Global Carbon Dioxide Enhanced Oil Recovery Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Carbon Dioxide Enhanced Oil Recovery market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Natural CO2 Deposits Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Carbon Dioxide Enhanced Oil Recovery include Exxon Mobil Corporation, BP plc, Total SE, China Petroleum and Chemical Corporation, Royal Dutch Shell, Chevron Corporation, Petroleo Brasileiro S.A.-Petrobras, NK Lukoil PAO and Cenovus Energy Inc, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Carbon Dioxide Enhanced Oil Recovery companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Carbon Dioxide Enhanced Oil Recovery Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Carbon Dioxide Enhanced Oil Recovery Market Segment Percentages, by Type, 2021 (%)
Natural CO2 Deposits
Carbon Capture and Storage
Industrial CO2
Others
Global Carbon Dioxide Enhanced Oil Recovery Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Carbon Dioxide Enhanced Oil Recovery Market Segment Percentages, by Application, 2021 (%)
Miscible EOR
Immiscible EOR
Global Carbon Dioxide Enhanced Oil Recovery Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Carbon Dioxide Enhanced Oil Recovery Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Carbon Dioxide Enhanced Oil Recovery revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Carbon Dioxide Enhanced Oil Recovery revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Exxon Mobil Corporation
BP plc
Total SE
China Petroleum and Chemical Corporation
Royal Dutch Shell
Chevron Corporation
Petroleo Brasileiro S.A.-Petrobras
NK Lukoil PAO
Cenovus Energy Inc
Equinor ASA
Abu Dhabi National Oil Company
Air Products and Chemicals Inc.
Occidental Petroleum Corp.
Chesapeake Energy
China National Offshore Oil Corporation
ConocoPhillips
Halliburton Company
Schlumberger N.V.
Kinder Morgan, Inc.