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Enhanced Oil Recovery Tech Can Nearly Double Well Yields, Market More than Doubles 2007-2011

June 19, 2012

FARMINGTON, Conn., June 19, 2012 /PRNewswire-iReach/ — Demand for fossil fuels continues to increase at a steady pace, forcing market participants in the oilfield and gas exploration industries to look beyond readily-available and easily-accessible sources in order to remain competitive. This activity fuels a multiple billions of dollars of growth in related industries, as businesses spring up to supply and support oil and gas exploration. With premium market research from the world’s leading publishers, Global Information Inc. helps businesses stay ahead of the curve with the best forecasts, research, and analyses.

(Photo: http://photos.prnewswire.com/prnh/20120619/CG27034 )

Enhanced Oil Recovery, 2nd Edition

Conventional processes for oil production only extract 10 to 30% of available crude oil from a given well. Enhanced Oil Recovery (EOR) technology can yield an additional 5% to 20%, making it a significantly valuable technology. With maturing wells producing less oil and oil prices increasing, the EOR industry is poised to flourish. According to a new market data, the global market for Enhanced Oil Recovery grew from $54.96 billion in 2007 to more than $126.02 billion in 2011.

The research report: “Global Market for Enhanced Oil Recovery, 2nd Edition,” contains historical data from 2007-2011, as well as forecast data for 2012-2021 for the EOR market, including thermal EOR, gas EOR and chemical EOR. This research discusses the regulatory issues, new technologies, economic drivers, challenges and environmental concerns of EOR.

An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/sbi244559-enhanced-oil-recovery-2nd-edition.html

Shale World 2012

30 July – 1 August 2012 | Hilton Hotel, Brisbane, Australia

Shale gas exploitation is an increasingly important segment of the energy sector, and has the potential to greatly expand worldwide energy supply. However, environmental and regulatory issues remain a major concern. At the annual industry event, Shale World Australia attendees from around industry will gather to share information on Shale Gas exploitation, leverage international experience, manage risks associated with regulatory change.

Co-located with Coal Seam Methane World 2012, This event is an unique opportunity to explore the future potential of untapped gas reserves and network with peers from around the globe.

Don’t wait until the last minute! Save $230 by registering before June 23. Additional information and Early Bird discounted rates are available at https://www.giiresearch.com/conference/en/order/243156

Global Markets for Natural Gas-Fired Electricity Generation

One of the many applied markets for extracted fuels is its use for electricity generation. The global market for natural gas-fired electricity generation is expected to climb from $34.0 billion in 2012 to $41.2 billion by 2017, a compound annual growth rate (CAGR) of 3.9%.

To this end, BCC Research has released 4 regional reports forecasting the global markets for Natural gas-fired electricity generation, all available immediately from Global Information Inc.

  • Within South and Central America, the total market will be nearly $980 million in 2012 and is expected to grow to $1.2 billion by 2017.
  • The Middle East market is expected to expand to $2.6 billion in 2012 and to grow to nearly $3.5 billion in 2017.
  • The Asia-Pacific market is forecast to expand from $15.7 billion in 2012 to $20.7 billion in 2017.
  • Within Europe and Eurasia, the market will total more than $7 billion in 2012, and is expected to grow to $7.5 billion in 2017.

Additional details for each region, including charts and complete tables of contents for each report are available from their respective pages above, and nearly 1000 additional reports can be previewed at http://www.giiresearch.com/topics/EN13_en.shtml

About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.

Media Contact: Jeremy Palaia Global Information, Inc., 1-860-674-8796, Press@gii.co.jp

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Source: PR Newswire