Transparency Market Research Report Added "Injection System Market" to its database.
Albany, NY -- (SBWIRE) -- 02/11/2015 -- 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.
Early buyers will receive 10% customization on reports :
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.
Increasing number of enhanced oil recovery projects across the globe is driving the injection control system market. The number of enhanced oil recovery projects is expected to increase in North Sea where the majority of the reserves are exhausted. Huge investment is made in various carbon capturing and storage projects in the region. These plants will provide carbon dioxide for the project. This will provide opportunity for the injection system market for enhanced oil recovery during the forecast period.
Some of the key players in the injection system market for enhanced oil recovery include Nalco, Pioneer Energy, Forum Energy Technologies, BRI Offshore, Cat Pumps, China Oilfield Technology Services Group Limited, Praxair Technology, Inc., EN-FAB, Inc., Mitsubishi Heavy Industries, Ltd., Vindum Engineering, John Crane and General Electric Company among others.
More Reports on Energy and Mining Market :
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include:
- North America
- Asia Pacific
- 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.
Enquiry Before Buying :
About Transparency Market Research
Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers.
Transparency Market Research
90 State Street,
NY - 12207
USA - Canada Toll Free 866-552-3453
Browse Market Research Blog: