Research and Markets (http://www.researchandmarkets.com/research/4ksvmt/global_enhanced) has announced the addition of the "Global Enhanced Oil Recovery (EOR) Market 2014-2018" report to their offering.

The author forecasts The Global Enhanced Oil Recovery Market 2014-2018 with a CAGR of 28.7 percent for the period 2013-2018. Several driving factors and trends will contribute to this growth, all of which will be outlined with detail in this report.

The analysts use a unique methodology to scrutinize individual vendor performance, trends, drivers and challenges, and a number of other factors to provide the most accurate and detailed market research reports possible.

A more specific breakdown of this report's contents is below.

Overview of market share and landscape for the following key geographies:

- APAC

- EMEA

- America

Breakdown of market share for the following technology:

- Thermal Method

- Gas Injection Method

- Chemical Method

Vendor profile and SWOT Analysis for these vendors:

- BP plc

- Chevron Corp.

- ExxonMobil Corp.

- Royal Dutch Shell plc

Commenting on the report, an analyst from the team said: The rapid depletion of fossil fuels due to overuse by industry has resulted in the increasing usage of EOR technology in the Oil and Gas industry in the past decade. The usage of EOR technology has increased the overall production of oil and gas from the production wells. Currently, oil production from mature or maturing fields does not keep pace with growing energy demand.

Thus, E&P companies are increasingly turning to EOR technology since it can increase overall production from 30-60 percent depending on the capacity of the reservoirs. The usage of EOR technology will ensure the optimum exploitation of oil resources by lowering depletion rates and improving secondary oil recovery through sustainable development while focusing on long-term profits. Thus, EOR technology will ensure an increase in overall oil production from reservoirs.

According to the report, one of the main drivers in this market is the increasing number of aging oil production wells across the globe. The rise in the number of aging oil and gas production wells will increase the demand for EOR technology to boost oil recovery from these wells, thereby propelling the growth of the market during the forecast period.

For more information visit http://www.researchandmarkets.com/research/4ksvmt/global_enhanced

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