Enhanced Oil Recovery: Technologies and Global Markets

Report Summary

THIS REPORT CONTAINS

A breakdown of Enhanced Oil Recovery (EOR) technologies, including gas injection (carbon dioxide, nitrogen, hydrocarbons), thermal injections (steam injection, in situ combustion), and chemical injections (surfactants, polymer, alkali)

Analysis of market trends, with data for 2008 and 2009, and projections for compound annual growth rates (CAGRs) from 2010 through 2015

Comprehensive company profiles.

SCOPE & ANALSTY

INTRODUCTION

STUDY GOALS AND OBJECTIVES

BCC’s goal in conducting this study was to assess and describe the current status and assess the potential growth of the worldwide enhanced oil recovery (EOR) industry and the market for associated EOR technologies. More specifically, the study included the following objectives: (1) summarize existing EOR technologies and promising emerging technologies that are under development; (2) evaluate the existing EOR industry, focusing on the manufacturers and providers of major components for viable EOR technologies; and (3) assess market potential for EOR technologies over a 5-year period from 2009 through 2014.

REASONS FOR DOING THIS STUDY

Continually rising global demand for petroleum has resulted in the escalation of its price during this decade and placed significant pressure upon the global oil industry to increase production. (The term “oil” is hereafter used nearly exclusively within this study when referring to petroleum.) Faced with the challenge of increasing supply, the global oil industry relies upon the discovery of new oil reserves and production from developed, drilled reserves. Enhanced oil recovery (EOR) technologies are becoming increasingly significant to global oil supply by increasing or reviving oil production at reserves or oilfields depleted of more easily recoverable oil through primary or secondary oil-recovery methods and technologies. In other instances, EOR technologies have allowed the global oil industry to produce oil from alternative reserves—such as oil sands or oil shale—through field operations previously thought to be technologically infeasible or economically unviable. EOR technologies are widely considered vital to maintaining the role of oil as a continued, reliable source of energy in the global economy.

EOR technologies are also promoted by the global oil industry and publicly as means to addressing key points of energy policy held by nations and political organizations worldwide. Some of these technologies first found widespread commercial application during the energy crises of the 1970s when regional and national oil supplies worldwide were severely disrupted due to their reliance upon oil imports. Concerns over regional and national energy security and energy independence persist in many nations and global markets due to perceived geopolitical threats to the continued supply of imported oil. Capable of bolstering oil production from reserves unrecoverable through primary or secondary oil recovery methods and technologies, EOR technologies can contribute to a country’s efforts to reduce its dependence upon oil imports and thus achieve greater energy independence.

Climate change and control of greenhouse gas (GHG) emissions—particularly carbon dioxide (CO2)—also represent key issues for contemporary global and national energy policy that can be addressed through the application or increased utilization of EOR technologies. The increasingly worldwide prevalence of regulation designed to minimize or otherwise mitigate the emission of GHGs has presented an opportunity to the global oil industry to boost oil production at select fields by sequestering or otherwise injecting CO2 into underground oil reservoirs. The sequestration of CO2 captured from industrial, petrochemical, or power generation sources represents a convergence of industry efforts to increase oil production from existing assets while mitigating the effects of fossil fuels to global climate change.

Current market conditions and recent advances in EOR technologies, including industry understanding regarding their effective application, are principally responsible for the renewed industry involvement in enhanced oil recovery. Additional costs associated with the services and infrastructure required for EOR technologies may limit their application; however, currently high oil prices globally (unprecedented in exception to oil prices during the 1970s) have minimized the significance of these added costs and greatly increased the economic viability of EOR technologies. Further growth in the market for EOR technologies is anticipated due to their technological maturity, strong representation from a variety of service providers and product suppliers in the global oil industry, extensive industry experience in the application of EOR technologies, and the technologies’ proven efficacy in increasing oil production at oilfields worldwide.

INTENDED AUDIENCE

This study reviews EOR technologies, along with relevant market and production information, technological descriptions and issues, applications, and market factors and potential, and gives an overview of supporting incentives and regulations in major worldwide markets. This study will be of interest to current and potential manufacturers and suppliers of EOR technologies as well as entrepreneurs and entrepreneurial companies interested in entering or expanding into the EOR technology sector. It will also be of interest to corporate planners and strategists, companies involved in the recovery and production of oil, EOR services providers, EOR rental equipment providers, fossil fuel energy advocacy groups, and other public- and private-sector interest groups and market analysts.

SCOPE OF REPORT AND METHODOLOGY

The scope of this investigation includes the major viable EOR technologies that are currently being implemented in the oil industry. These EOR technologies are implemented to recover crude oil from reservoirs after primary and secondary recovery methods have ceased to be productive enough to continue normal field operation economically. In some cases, the EOR technologies considered in this report may also be applied immediately following initial well drilling. These applications are common for fields where primary and secondary recovery technologies are incapable of producing adequate oil in any phase of oilfield operation.

Installation and operation of EOR technologies can include various products and components such as injection pumps, wellheads, specialized well tubing, chemical feeder systems, air separation units, gas compressors, blowers, steam generators, specialized storage vessels, and various other equipment and facilities. Other important products of an EOR technology include oil recovery media such as surfactants, polymers, alkali chemicals, liquid nitrogen, and CO2. Although steam and onsite-compressed atmospheric nitrogen are also important oil recovery media, they are not considered EOR technology products within this report as they are supplied at minimal or no direct cost, unlike CO2 or specialized injection chemicals that are supplied to an EOR operation.

The market analysis provided in this report is based on a variety of data sources. These include the most recent government, industry, and academic data regarding the amount of oil in place that could potentially be extracted via EOR, combined with a supplemental evaluation of major EOR projects that have been announced, or that are currently being proposed. Therefore, this report combines “top-down” and “bottom-up” approaches to provide a realistic, robust, and accurate assessment of this complex market.

Emerging EOR technologies anticipated to be commercially viable within the next 5 years are summarized, but are not included in the market assessment of this report. BCC analyzes each major viable EOR technology, determines its current market status, examines its impact on future markets, and presents forecasts of growth over the next 5 years. Technological issues, including the latest trends, are assessed and discussed, as are the current and likely regulatory environments in support of this industry.

BCC analyzes the industry on a worldwide basis in terms of its manufacturing and the deployment of its technologies or products. BCC examines government roles in support of EOR technologies worldwide, including regulatory support, government requirements, and promotional incentives for various EOR technologies as relevant and available. BCC provides a review of the most relevant EOR technologies, discusses recent trends in capacity installation and unit sales, and provides industry overviews and market assessments for each EOR technology.

Table of Contents

CHAPTER ONE: INTRODUCTION

 

STUDY GOALS AND OBJECTIVES

REASONS FOR DOING THIS STUDY

INTENDED AUDIENCE

SCOPE OF REPORT AND METHODOLOGY

WORLDWIDE MARKETS

TABLE A LIST OF GLOBAL MARKETS CONSIDERED IN THIS STUDY

METHODOLOGY

TABLE B RESEARCH INFORMATION SOURCES

INFORMATION SOURCES

ANALYST CREDENTIALS

RELATED REPORTS

BCC ONLINE SERVICES

DISCLAIMER

CHAPTER TWO: SUMMARY

SUMMARY

SUMMARY TABLE ENHANCED OIL RECOVERY TECHNOLOGY SALES, THROUGH 2014 ($ MILLIONS)

SUMMARY FIGURE ENHANCED OIL RECOVERY TECHNOLOGY SALES, 2005-2014 ($ MILLIONS)

CHAPTER THREE: OVERVIEW

WHAT ARE ENHANCED OIL RECOVERY TECHNOLOGIES?

TABLE 1 ENHANCED OIL RECOVERY TECHNOLOGIES CONSIDERED IN THIS REPORT

HISTORY OF ENHANCED OIL RECOVERY

BENEFITS OF ENHANCED OIL RECOVERY

DRAWBACKS OF ENHANCED OIL RECOVERY

ENHANCED OIL RECOVERY TECHNOLOGIES AND APPLICATIONS

GAS FLOODING

Major Forms of Gas Flooding

Nitrogen

Carbon Dioxide

Hydrocarbons and Solvents

Gas Flooding Operational Methods

Standard Gas Flooding

Combined Injection

Cyclic Gas Stimulation

THERMAL PROCESSES

Major Thermal Processes

Steam Injection

Steam Assisted Gravity Drainage

In-Situ Combustion

Toe-to-Heel Air Injection

Thermal Operational Methods

Standard Thermal Flood

Cyclic Steam Stimulation

CHEMICAL FLOODING

Major Chemical Flooding Processes

Surfactants

Polymers

Alkalis

Chemical Flooding Operational Methods

Alkaline-Surfactant-Polymer

EOR PRODUCTS AND EQUIPMENT

Air Separation Unit

Gases and Chemicals for Injection

Gas Compressors

Injection Pump

Specialized Wellheads

Injection Well Casing, Tubing, and Production Packer

Production Treatment and Filtration Equipment

Measuring and Monitoring

Holding and Maturing Tanks

Mixing Equipment

Manifolds and Injection Lines

Control Room or Control Facilities

Power Production Facilities

Steam Generators and Boilers

Fluid Storage Facilities

Water Filtration and Treatment Equipment

EOR SERVICES AND CONSULTATIONS

EMERGING TECHNOLOGIES

Microbial Flooding

Enzyme EOR

Solar-Assisted EOR

Flue Gas Flooding

CHAPTER FOUR: REGULATORY SUPPORT AND INCENTIVES FOR ENHANCED OIL RECOVERY

UNITED STATES REGULATORY SUPPORT AND INCENTIVES

FEDERAL

U.S. Internal Revenue Service

Federal Enhanced Oil Recovery Tax Credit

Advanced Energy Investment Tax Credit

CO2-Capture Tax Credit

U.S. Department of Energy

Energy Policy Act of 2005 Carbon-Capture and Sequestration Incentives

National Energy Technology Laboratory Enhanced Oil Recovery Program

Department of Energy Carbon Sequestration Program

Bureau of Land Management

Heavy Oil Royalty Rate Reduction

SELECT STATE-LEVEL REGULATION AND INCENTIVES

Alabama

Severance Tax Incentive

Arkansas

Enhanced Oil Recovery Severance Tax Incentives

Colorado

Secondary and Enhanced Oil Recovery Incentive

Kansas

Carbon Dioxide Reduction Act

Severance Tax Incentive

University of Kansas Energy Research Center

Louisiana

Severance Tax Incentive

Mississippi

Enhanced Oil Recovery Incentives

Montana

Carbon Sequestration Equipment Property Tax Abatement

Production Tax Incentive

Incentives for Horizontal Wells

New Mexico

Advanced Energy Tax Credit

Severance Tax Incentive

North Dakota

Coal Plant Carbon Capture Incentive

Enhanced Oil Recovery Extraction Tax Incentive

Horizontal Well Tax Incentive

Oklahoma

Tax Exemption for Sales of Electricity Used in Enhanced Recovery Production

Texas

Incentives for Carbon Capture and Sequestration (CCS)

Enhanced Oil Recovery Severance Tax Incentive

Utah

Severance Tax Incentive

INTERNATIONAL REGULATORY SUPPORT AND INCENTIVES

AUSTRALIA

National Low Emissions Coal Initiative

CANADA

Federal Carbon Capture and Storage Technology and Project Funding

Federal Capital Cost Allowance for Carbon Capture and Storage

Province of Alberta - Enhanced Oil Recovery Royalty Relief

Province of Alberta - CO2 Projects Royalty Credit

Province of Alberta - Reactivated Well Royalty Exemption

Province of Alberta - Experimental Project Oil Royalty

Province of Alberta - Innovative Energy Technologies Incentive

Province of British Columbia - Heavy Oil Royalty

Province of British Columbia - Incremental Oil Incentive

Province of Saskatchewan - Saskatchewan Petroleum Research Incentive Program

Province of Saskatchewan - Enhanced Oil Recovery Fuel Tax and Provincial Sales Tax Exemptions

EUROPEAN UNION

European Union Climate and Energy Package - Framework for Carbon Capture and Storage

INDONESIA

Oil Equipment Import Incentives

NORWAY

Emissions Trading Scheme

Climit Program

TRINIDAD AND TOBAGO

Enhanced Oil Recovery Tax Credits

UNITED ARAB EMIRATES

Masdar Carbon Capture and Sequestration Joint Ventures

UNITED KINGDOM

United Kingdom Carbon Capture and Sequestration Competition

CHAPTER FIVE: INDUSTRY STRUCTURE

GLOBAL MARKET INDUSTRIES

NORTH AMERICA

California

TABLE 2 CALIFORNIA THERMAL FLOODING EOR PROJECT OPERATORS/FIELD OWNERS

Permian Basin, Gulf Coast, and Northern Rockies

TABLE 3 MAJOR U.S. CO2 EOR FIELD OPERATORS

Permian Basin

TABLE 4 MAJOR PERMIAN BASIN CO2 PIPELINES

Gulf Coast

Northern Rockies

Western Canada

TABLE 5 MAJOR CANADIAN OIL SANDS THERMAL FLOODING PROJECT OPERATORS/FIELD OWNERS

Mexico

TABLE 6 MAJOR NITROGEN FLOODING PROJECTS IN MEXICO

SOUTH AMERICA

TABLE 7 MAJOR SOUTH AMERICAN NATIONAL OIL COMPANIES WITH ENHANCED OIL RECOVERY PROJECTS

Trinidad and Tobago

EUROPE

TABLE 8 MAJOR EUROPEAN OIL COMPANIES WITH ENHANCED OIL RECOVERY PROJECTS

North Sea

Turkey

ASIA

TABLE 9 ASIAN NATIONAL OIL COMPANIES WITH MAJOR EOR PROGRAMS

China

Indonesia

Malaysia

Oman

United Arab Emirates

INDUSTRY PARTICIPANTS

TABLE 10 ENHANCED OIL RECOVERY INDUSTRY COMPANY TYPES

ORIGINAL EQUIPMENT MANUFACTURERS/ENHANCED OIL RECOVERY PRODUCT SUPPLIERS

Gas Flooding Technology Manufacturers

Chemical Flooding Technology Manufacturers

Thermal Flooding Technology Manufacturers

SECONDARY COMPONENT MANUFACTURERS AND FABRICATORS

RENTAL ENHANCED OIL RECOVERY EQUIPMENT PROVIDERS

CONSTRUCTION CONTRACTORS

ENHANCED OIL RECOVERY CONSULTANTS

OIL EXPLORATION AND PRODUCTION COMPANIES

EOR TECHNOLOGY DISTRIBUTION NETWORKS

CHAPTER SIX: COMPANY PROFILES

CHEMICAL FLOODING TECHNOLOGY PRODUCTS AND SYSTEMS

EOR CHEMICALS

TABLE 11 COMPANY OVERVIEW: AKZO NOBEL

BASF

TABLE 12 COMPANY OVERVIEW: BASF

Champion Technologies

TABLE 13 COMPANY OVERVIEW: CHAMPION TECHNOLOGIES

Chevron Phillips Chemical

TABLE 14 COMPANY OVERVIEW: CHEVRON PHILLIPS CHEMICAL

Dow Chemical Company

TABLE 15 COMPANY OVERVIEW: DOW CHEMICAL COMPANY

DuPont

TABLE 16 COMPANY OVERVIEW: DUPONT

Kemira

TABLE 17 COMPANY OVERVIEW: KEMIRA

Oil Chem Technologies

TABLE 18 COMPANY OVERVIEW: OIL CHEM TECHNOLOGIES

PQ Corporation

TABLE 19 COMPANY OVERVIEW: PQ CORPORATION

Rhodia

TABLE 20 COMPANY OVERVIEW: RHODIA

Shell Chemicals

TABLE 21 COMPANY OVERVIEW: SHELL CHEMICALS

SNF Group

TABLE 22 COMPANY OVERVIEW: SNF GROUP

Stepan

TABLE 23 COMPANY OVERVIEW: STEPAN

Tiorco

TABLE 24 COMPANY OVERVIEW: TIORCO

Unitech Asia Pacific Limited

TABLE 25 COMPANY OVERVIEW: UNITECH ASIA PACIFIC LIMITED

Weatherford International

TABLE 26 COMPANY OVERVIEW: WEATHERFORD INTERNATIONAL

CHEMICAL INJECTION PUMPS, SKIDS AND SYSTEMS

Baker Hughes

TABLE 27 COMPANY OVERVIEW: BAKER HUGHES

Cat Pumps

TABLE 28 COMPANY OVERVIEW: CAT PUMPS

Dresser

TABLE 29 COMPANY OVERVIEW: DRESSER

FMC Technologies

TABLE 30 COMPANY OVERVIEW: FMC TECHNOLOGIES

Hammelmann

TABLE 31 COMPANY OVERVIEW: HAMMELMANN

Hayward Gordon

TABLE 32 OMPANY OVERVIEW: HAYWARD GORDON

National Oilwell Varco

TABLE 33 COMPANY OVERVIEW: NATIONAL OILWELL VARCO

NETZSCH

TABLE 34 COMPANY OVERVIEW: NETZSCH

SNF Group

TABLE 35 COMPANY OVERVIEW: SNF GROUP

Sulzer

TABLE 36 COMPANY OVERVIEW: SULZER

Weatherford International

TABLE 37 COMPANY OVERVIEW: WEATHERFORD INTERNATIONAL

GAS FLOODING TECHNOLOGY PRODUCTS AND SYSTEMS

NITROGEN PRODUCTION EQUIPMENT

Air Liquide

TABLE 38 COMPANY OVERVIEW: AIR LIQUIDE

Air Products

TABLE 39 COMPANY OVERVIEW: AIR PRODUCTS

Cryogenic Industries

TABLE 40 COMPANY OVERVIEW: CRYOGENIC INDUSTRIES

Innovative Gas Systems

TABLE 41 COMPANY OVERVIEW: INNOVATIVE GAS SYSTEMS

Linde

TABLE 42 COMPANY OVERVIEW: LINDE

National Oilwell Varco

TABLE 43 COMPANY OVERVIEW: NATIONAL OILWELL VARCO

Praxair

TABLE 44 COMPANY OVERVIEW: PRAXAIR

CARBON DIOXIDE SUPPLY

Denbury Resources

TABLE 45 COMPANY OVERVIEW: DENBURY RESOURCES

ExxonMobil

TABLE 46 COMPANY OVERVIEW: EXXONMOBIL

Kinder Morgan

TABLE 47 COMPANY OVERVIEW: KINDER MORGAN

Occidental

TABLE 48 COMPANY OVERVIEW: OCCIDENTAL

GAS COMPRESSION AND INJECTION SYSTEMS AND COMPONENTS

Ariel

TABLE 49 COMPANY OVERVIEW: ARIEL

Cameron

TABLE 50 COMPANY OVERVIEW: CAMERON

Cat Pumps

TABLE 51 COMPANY OVERVIEW: CAT PUMPS

Caterpillar

TABLE 52 COMPANY OVERVIEW: CATERPILLAR

Cryogenic Industries

TABLE 53 COMPANY OVERVIEW: CRYOGENIC INDUSTRIES

Dresser-Rand

TABLE 54 COMPANY OVERVIEW: DRESSER-RAND

Elliott

TABLE 55 COMPANY OVERVIEW: ELLIOTT

Flowserve

TABLE 56 COMPANY OVERVIEW: FLOWSERVE

FMC Technologies

TABLE 57 COMPANY OVERVIEW: FMC TECHNOLOGIES

Gardner Denver

TABLE 58 COMPANY OVERVIEW: GARDNER DENVER

General Electric

TABLE 59 COMPANY OVERVIEW: GENERAL ELECTRIC

MAN

TABLE 60 COMPANY OVERVIEW: MAN

Mitsubishi Heavy Industries

TABLE 61 COMPANY OVERVIEW: MITSUBISHI HEAVY INDUSTRIES

Rolls-Royce

TABLE 62 COMPANY OVERVIEW: ROLLS-ROYCE

Siemens

TABLE 63 COMPANY OVERVIEW: SIEMENS

Wood Group

TABLE 64 COMPANY OVERVIEW: WOOD GROUP

GAS RECOVERY SYSTEMS

Air Liquide

TABLE 65 COMPANY OVERVIEW: AIR LIQUIDE

Air Products

TABLE 66 COMPANY OVERVIEW: AIR PRODUCTS

Guild Associates

TABLE 67 COMPANY OVERVIEW: GUILD ASSOCIATES

Membrane Technology Research

TABLE 68 COMPANY OVERVIEW: MEMBRANE TECHNOLOGY RESEARCH

NATCO

TABLE 69 COMPANY OVERVIEW: NATCO

Ube

TABLE 70 COMPANY OVERVIEW: UBE

CHEMICAL AND GAS INJECTION WELL EQUIPMENT

Cameron

TABLE 71 COMPANY OVERVIEW: CAMERON

FMC Technologies

TABLE 72 COMPANY OVERVIEW: FMC TECHNOLOGIES

General Electric

TABLE 73 COMPANY OVERVIEW: GENERAL ELECTRIC

National Oilwell Varco

TABLE 74 COMPANY OVERVIEW: NATIONAL OILWELL VARCO

Seaboard

TABLE 75 COMPANY OVERVIEW: SEABOARD

Weatherford International

TABLE 76 COMPANY OVERVIEW: WEATHERFORD INTERNATIONAL

Wood Group

TABLE 77 COMPANY OVERVIEW: WOOD GROUP

THERMAL FLOODING TECHNOLOGY PRODUCTS AND SYSTEMS

COGENERATION TURBINES

Dresser-Rand

TABLE 78 COMPANY OVERVIEW: DRESSER-RAND

General Electric

TABLE 79 COMPANY OVERVIEW: GENERAL ELECTRIC

MAN

TABLE 80 COMPANY OVERVIEW: MAN

Rolls-Royce

TABLE 81 COMPANY OVERVIEW: ROLLS-ROYCE

Siemens

TABLE 82 COMPANY OVERVIEW: SIEMENS

STEAM GENERATORS

Babcock & Wilcox

TABLE 83 COMPANY OVERVIEW: BABCOCK & WILCOX

China National Petroleum Corporation

TABLE 84 COMPANY OVERVIEW: CHINA NATIONAL PETROLEUM CORPORATION

Clayton Industries

TABLE 85 COMPANY OVERVIEW: CLAYTON INDUSTRIES

Deltak

TABLE 86 COMPANY OVERVIEW: DELTAK

Industrial Technology Management

TABLE 87 COMPANY OVERVIEW: INDUSTRIAL TECHNOLOGY MANAGEMENT

IST

TABLE 88 COMPANY OVERVIEW: IST

Nooter/Eriksen

TABLE 89 COMPANY OVERVIEW: NOOTER/ERIKSEN

Premier Energy

TABLE 90 COMPANY OVERVIEW: PREMIER ENERGY

TEi-Struthers Wells

TABLE 91 COMPANY OVERVIEW: TEI-STRUTHERS WELLS

Vogt Power

TABLE 92 COMPANY OVERVIEW: VOGT POWER

THERMAL WELL EQUIPMENT

Cameron

TABLE 93 COMPANY OVERVIEW: CAMERON

China National Petroleum Corporation

TABLE 94 COMPANY OVERVIEW: CHINA NATIONAL PETROLEUM CORPORATION

FMC Technologies

TABLE 95 COMPANY OVERVIEW: FMC TECHNOLOGIES

General Electric

TABLE 96 COMPANY OVERVIEW: GENERAL ELECTRIC

Halliburton

TABLE 97 COMPANY OVERVIEW: HALLIBURTON

Industrial Technology Management

TABLE 98 COMPANY OVERVIEW: INDUSTRIAL TECHNOLOGY MANAGEMENT

Stream-Flo

TABLE 99 COMPANY OVERVIEW: STREAM-FLO

TAM International

TABLE 100 COMPANY OVERVIEW: TAM INTERNATIONAL

TIW

TABLE 101 COMPANY OVERVIEW: TIW

Weatherford International

TABLE 102 COMPANY OVERVIEW: WEATHERFORD INTERNATIONAL

AIR COMPRESSORS

Ariel

TABLE 103 COMPANY OVERVIEW: ARIEL

Bauer

TABLE 104 COMPANY OVERVIEW: BAUER

Dresser-Rand

TABLE 105 COMPANY OVERVIEW: DRESSER-RAND

MAN

TABLE 106 COMPANY OVERVIEW: MAN

PRODUCTION-SIDE PRODUCTS AND SYSTEMS (APPLICABLE TO MULTIPLE EOR TECHNOLOGIES)

PRODUCTION PUMPS

Bornemann

TABLE 107 COMPANY OVERVIEW: BORNEMANN

Flowserve

TABLE 108 COMPANY OVERVIEW: FLOWSERVE

Leistritz

TABLE 109 COMPANY OVERVIEW: LEISTRITZ

Seepex

TABLE 110 COMPANY OVERVIEW: SEEPEX

Sulzer

TABLE 111 COMPANY OVERVIEW: SULZER

Weatherford International

TABLE 112 COMPANY OVERVIEW: WEATHERFORD INTERNATIONAL

Wood Group

TABLE 113 COMPANY OVERVIEW: WOOD GROUP

PRODUCED FLUIDS SEPARATION / PRODUCED WATER TREATMENT SYSTEMS

Cameron

TABLE 114 COMPANY OVERVIEW: CAMERON

Cylotech

TABLE 115 COMPANY OVERVIEW: CYCLOTECH

Eaton

TABLE 116 COMPANY OVERVIEW: EATON

Eco-Tec

TABLE 117 COMPANY OVERVIEW: ECO-TEC

FMC Technologies

TABLE 118 COMPANY OVERVIEW: FMC TECHNOLOGIES

General Electric

TABLE 119 COMPANY OVERVIEW: GENERAL ELECTRIC

Siemens

TABLE 120 COMPANY OVERVIEW: SIEMENS

Sulzer

TABLE 121 COMPANY OVERVIEW: SULZER

Veolia

TABLE 122 COMPANY OVERVIEW: VEOLIA

CHAPTER SEVEN: MAJOR MARKETS AND TRENDS IN PRICE AND PERFORMANCE

MAJOR MARKETS AND TRENDS IN PRICE AND

CARBON DIOXIDE FLOODING

GROWTH POTENTIAL

TABLE 123 GLOBAL CARBON DIOXIDE FLOODING TECHNOLOGY MARKET BY REGION, THROUGH 2014 ($ MILLIONS)

FIGURE 1 GLOBAL CARBON DIOXIDE FLOODING TECHNOLOGY MARKET BY REGION, 2009 AND 2014 ($ MILLIONS)

PROJECTED TRENDS

SATURATION AND OTHER MARKET CONSIDERATIONS

NITROGEN FLOODING

GROWTH POTENTIAL

TABLE 124 GLOBAL NITROGEN FLOODING TECHNOLOGY MARKET BY REGION, THROUGH 2014 ($ MILLIONS)

FIGURE 2 GLOBAL NITROGEN FLOODING TECHNOLOGY MARKET BY REGION, 2009 AND 2014 ($ MILLIONS)

PROJECTED TRENDS

SATURATION AND OTHER MARKET CONSIDERATIONS

HYDROCARBON GAS FLOODING

GROWTH POTENTIAL

North America

South America

Europe

Asia

TABLE 125 GLOBAL HYDROCARBON GAS FLOODING TECHNOLOGY MARKET BY REGION, THROUGH 2014 ($ MILLIONS)

FIGURE 3 GLOBAL HYDROCARBON GAS FLOODING TECHNOLOGY MARKET BY REGION, 2009 AND 2014 ($ MILLIONS)

PROJECTED TRENDS

SATURATION AND OTHER MARKET CONSIDERATIONS

CHEMICAL FLOODING—ALKALIS, SURFACTANTS, POLYMERS

GROWTH POTENTIAL

TABLE 126 GLOBAL CHEMICAL FLOODING TECHNOLOGY MARKET BY REGION, THROUGH 2014 ($ MILLIONS)

FIGURE 4 GLOBAL CHEMICAL FLOODING TECHNOLOGY MARKET BY REGION, 2009 AND 2014 ($ MILLIONS)

PROJECTED TRENDS

SATURATION AND OTHER MARKET CONSIDERATIONS

IN-SITU COMBUSTION

GROWTH POTENTIAL

North America

South America

Asia

TABLE 127 GLOBAL IN-SITU COMBUSTION TECHNOLOGY MARKET BY REGION, THROUGH 2014 ($ MILLIONS)

FIGURE 5 GLOBAL IN-SITU COMBUSTION TECHNOLOGY MARKET BY REGION, 2009 AND 2014 ($ MILLIONS)

PROJECTED TRENDS

SATURATION AND OTHER MARKET CONSIDERATIONS

STEAM FLOODING

GROWTH POTENTIAL

North America

South America

Europe

Asia

TABLE 128 GLOBAL STEAM FLOODING TECHNOLOGY MARKET BY REGION, THROUGH 2014 ($ MILLIONS)

FIGURE 6 GLOBAL STEAM FLOODING TECHNOLOGY MARKET BY REGION, THROUGH 2014 ($ MILLIONS)

PROJECTED TRENDS

SATURATION AND OTHER MARKET CONSIDERATIONS

COMMON FACTORS INFLUENCING DEMAND

DECLINING PRIMARY AND SECONDARY OIL PRODUCTION

DOMESTIC ENERGY SECURITY

REGULATION

CARBON SEQUESTRATION

OIL PRICES

OVERVIEW OF THE ENHANCED OIL RECOVERY TECHNOLOGY MARKET

TABLE 129 GLOBAL ENHANCED OIL RECOVERY TECHNOLOGY MARKET BY REGION, THROUGH 2014 ($ MILLIONS)

FIGURE 7 GLOBAL ENHANCED OIL RECOVERY TECHNOLOGY MARKET BY REGION, THROUGH 2014 ($ MILLIONS)

APPENDIX ONE: ACRONYMS AND ABBREVIATIONS OF MEASUREMENTS

APPENDIX TWO: REFERENCES

LIST OF TABLES

TABLE A LIST OF GLOBAL MARKETS CONSIDERED IN THIS STUDY

TABLE B RESEARCH INFORMATION SOURCES

SUMMARY TABLE ENHANCED OIL RECOVERY TECHNOLOGY SALES,

THROUGH 2014 ($ MILLIONS)

TABLE 1 ENHANCED OIL RECOVERY TECHNOLOGIES CONSIDERED

IN THIS REPORT

TABLE 2 CALIFORNIA THERMAL FLOODING EOR PROJECT

OPERATORS/FIELD OWNERS

TABLE 3 MAJOR U.S. CO2 EOR FIELD OPERATORS

TABLE 4 MAJOR PERMIAN BASIN CO2 PIPELINES

TABLE 5 MAJOR CANADIAN OIL SANDS THERMAL FLOODING

PROJECT OPERATORS/FIELD OWNERS

TABLE 6 MAJOR NITROGEN FLOODING PROJECTS IN MEXICO

TABLE 7 MAJOR SOUTH AMERICAN NATIONAL OIL COMPANIES WITH ENHANCED OIL RECOVERY PROJECTS

TABLE 8 MAJOR EUROPEAN OIL COMPANIES WITH ENHANCED OIL RECOVERY PROJECTS

TABLE 9 ASIAN NATIONAL OIL COMPANIES WITH MAJOR EOR PROGRAMS

TABLE 10 ENHANCED OIL RECOVERY INDUSTRY COMPANY TYPES

TABLE 11 COMPANY OVERVIEW: AKZO NOBEL

TABLE 12 COMPANY OVERVIEW: BASF

TABLE 13 COMPANY OVERVIEW: CHAMPION TECHNOLOGIES

TABLE 14 COMPANY OVERVIEW: CHEVRON PHILLIPS CHEMICAL

TABLE 15 COMPANY OVERVIEW: DOW CHEMICAL COMPANY

TABLE 16 COMPANY OVERVIEW: DUPONT

TABLE 17 COMPANY OVERVIEW: KEMIRA

TABLE 18 COMPANY OVERVIEW: OIL CHEM TECHNOLOGIES

TABLE 19 COMPANY OVERVIEW: PQ CORPORATION

TABLE 20 COMPANY OVERVIEW: RHODIA

TABLE 21 COMPANY OVERVIEW: SHELL CHEMICALS

TABLE 22 COMPANY OVERVIEW: SNF GROUP

TABLE 23 COMPANY OVERVIEW: STEPAN

TABLE 24 COMPANY OVERVIEW: TIORCO

TABLE 25 COMPANY OVERVIEW: UNITECH ASIA PACIFIC LIMITED

TABLE 26 COMPANY OVERVIEW: WEATHERFORD INTERNATIONAL

TABLE 27 COMPANY OVERVIEW: BAKER HUGHES

TABLE 28 COMPANY OVERVIEW: CAT PUMPS

TABLE 29 COMPANY OVERVIEW: DRESSER

TABLE 30 COMPANY OVERVIEW: FMC TECHNOLOGIES

TABLE 31 COMPANY OVERVIEW: HAMMELMANN

TABLE 32 OMPANY OVERVIEW: HAYWARD GORDON

TABLE 33 COMPANY OVERVIEW: NATIONAL OILWELL VARCO

TABLE 34 COMPANY OVERVIEW: NETZSCH

TABLE 35 COMPANY OVERVIEW: SNF GROUP

TABLE 36 COMPANY OVERVIEW: SULZER

TABLE 37 COMPANY OVERVIEW: WEATHERFORD INTERNATIONAL

TABLE 38 COMPANY OVERVIEW: AIR LIQUIDE

TABLE 39 COMPANY OVERVIEW: AIR PRODUCTS

TABLE 40 COMPANY OVERVIEW: CRYOGENIC INDUSTRIES

TABLE 41 COMPANY OVERVIEW: INNOVATIVE GAS SYSTEMS

TABLE 42 COMPANY OVERVIEW: LINDE

TABLE 43 COMPANY OVERVIEW: NATIONAL OILWELL VARCO

TABLE 44 COMPANY OVERVIEW: PRAXAIR

TABLE 45 COMPANY OVERVIEW: DENBURY RESOURCES

TABLE 46 COMPANY OVERVIEW: EXXONMOBIL

TABLE 47 COMPANY OVERVIEW: KINDER MORGAN

TABLE 48 COMPANY OVERVIEW: OCCIDENTAL

TABLE 49 COMPANY OVERVIEW: ARIEL

TABLE 50 COMPANY OVERVIEW: CAMERON

TABLE 51 COMPANY OVERVIEW: CAT PUMPS

TABLE 52 COMPANY OVERVIEW: CATERPILLAR

TABLE 53 COMPANY OVERVIEW: CRYOGENIC INDUSTRIES

TABLE 54 COMPANY OVERVIEW: DRESSER-RAND

TABLE 55 COMPANY OVERVIEW: ELLIOTT

TABLE 56 COMPANY OVERVIEW: FLOWSERVE

TABLE 57 COMPANY OVERVIEW: FMC TECHNOLOGIES

TABLE 58 COMPANY OVERVIEW: GARDNER DENVER

TABLE 59 COMPANY OVERVIEW: GENERAL ELECTRIC

TABLE 60 COMPANY OVERVIEW: MAN

TABLE 61 COMPANY OVERVIEW: MITSUBISHI HEAVY INDUSTRIES

TABLE 62 COMPANY OVERVIEW: ROLLS-ROYCE

TABLE 63 COMPANY OVERVIEW: SIEMENS

TABLE 64 COMPANY OVERVIEW: WOOD GROUP

TABLE 65 COMPANY OVERVIEW: AIR LIQUIDE

TABLE 66 COMPANY OVERVIEW: AIR PRODUCTS

TABLE 67 COMPANY OVERVIEW: GUILD ASSOCIATES

TABLE 68 COMPANY OVERVIEW: MEMBRANE TECHNOLOGY RESEARCH

TABLE 69 COMPANY OVERVIEW: NATCO

TABLE 70 COMPANY OVERVIEW: UBE

TABLE 71 COMPANY OVERVIEW: CAMERON

TABLE 72 COMPANY OVERVIEW: FMC TECHNOLOGIES

TABLE 73 COMPANY OVERVIEW: GENERAL ELECTRIC

TABLE 74 COMPANY OVERVIEW: NATIONAL OILWELL VARCO

TABLE 75 COMPANY OVERVIEW: SEABOARD

TABLE 76 COMPANY OVERVIEW: WEATHERFORD INTERNATIONAL

TABLE 77 COMPANY OVERVIEW: WOOD GROUP

TABLE 78 COMPANY OVERVIEW: DRESSER-RAND

TABLE 79 COMPANY OVERVIEW: GENERAL ELECTRIC

TABLE 80 COMPANY OVERVIEW: MAN

TABLE 81 COMPANY OVERVIEW: ROLLS-ROYCE

TABLE 82 COMPANY OVERVIEW: SIEMENS

TABLE 83 COMPANY OVERVIEW: BABCOCK & WILCOX

TABLE 84 COMPANY OVERVIEW: CHINA NATIONAL PETROLEUM CORPORATION

TABLE 85 COMPANY OVERVIEW: CLAYTON INDUSTRIES

TABLE 86 COMPANY OVERVIEW: DELTAK

TABLE 87 COMPANY OVERVIEW: INDUSTRIAL TECHNOLOGY MANAGEMENT

TABLE 88 COMPANY OVERVIEW: IST

TABLE 89 COMPANY OVERVIEW: NOOTER/ERIKSEN

TABLE 90 COMPANY OVERVIEW: PREMIER ENERGY

TABLE 91 COMPANY OVERVIEW: TEI-STRUTHERS WELLS

TABLE 92 COMPANY OVERVIEW: VOGT POWER

TABLE 93 COMPANY OVERVIEW: CAMERON

TABLE 94 COMPANY OVERVIEW: CHINA NATIONAL PETROLEUM CORPORATION

TABLE 95 COMPANY OVERVIEW: FMC TECHNOLOGIES

TABLE 96 COMPANY OVERVIEW: GENERAL ELECTRIC

TABLE 97 COMPANY OVERVIEW: HALLIBURTON

TABLE 98 COMPANY OVERVIEW: INDUSTRIAL TECHNOLOGY MANAGEMENT

TABLE 99 COMPANY OVERVIEW: STREAM-FLO

TABLE 100 COMPANY OVERVIEW: TAM INTERNATIONAL

TABLE 101 COMPANY OVERVIEW: TIW

TABLE 102 COMPANY OVERVIEW: WEATHERFORD INTERNATIONAL

TABLE 103 COMPANY OVERVIEW: ARIEL

TABLE 104 COMPANY OVERVIEW: BAUER

TABLE 105 COMPANY OVERVIEW: DRESSER-RAND

TABLE 106 COMPANY OVERVIEW: MAN

TABLE 107 COMPANY OVERVIEW: BORNEMANN

TABLE 108 COMPANY OVERVIEW: FLOWSERVE

TABLE 109 COMPANY OVERVIEW: LEISTRITZ

TABLE 110 COMPANY OVERVIEW: SEEPEX

TABLE 111 COMPANY OVERVIEW: SULZER

TABLE 112 COMPANY OVERVIEW: WEATHERFORD INTERNATIONAL

TABLE 113 COMPANY OVERVIEW: WOOD GROUP

TABLE 114 COMPANY OVERVIEW: CAMERON

TABLE 115 COMPANY OVERVIEW: CYCLOTECH

TABLE 116 COMPANY OVERVIEW: EATON

TABLE 117 COMPANY OVERVIEW: ECO-TEC

TABLE 118 COMPANY OVERVIEW: FMC TECHNOLOGIES

TABLE 119 COMPANY OVERVIEW: GENERAL ELECTRIC

TABLE 120 COMPANY OVERVIEW: SIEMENS

TABLE 121 COMPANY OVERVIEW: SULZER

TABLE 122 COMPANY OVERVIEW: VEOLIA

TABLE 123 GLOBAL CARBON DIOXIDE FLOODING TECHNOLOGY

MARKET BY REGION, THROUGH 2014 ($ MILLIONS)

TABLE 124 GLOBAL NITROGEN FLOODING TECHNOLOGY MARKET

BY REGION, THROUGH 2014 ($ MILLIONS)

TABLE 125 GLOBAL HYDROCARBON GAS FLOODING TECHNOLOGY

MARKET BY REGION, THROUGH 2014 ($ MILLIONS)

TABLE 126 GLOBAL CHEMICAL FLOODING TECHNOLOGY MARKET

BY REGION, THROUGH 2014 ($ MILLIONS)

TABLE 127 GLOBAL IN-SITU COMBUSTION TECHNOLOGY MARKET

BY REGION, THROUGH 2014 ($ MILLIONS)

TABLE 128 GLOBAL STEAM FLOODING TECHNOLOGY MARKET BY

REGION, THROUGH 2014 ($ MILLIONS)

TABLE 129 GLOBAL ENHANCED OIL RECOVERY TECHNOLOGY

MARKET BY REGION, THROUGH 2014 ($ MILLIONS)

LIST OF FIGURES

SUMMARY FIGURE ENHANCED OIL RECOVERY TECHNOLOGY

SALES, 2005-2014 ($ MILLIONS)

FIGURE 1 GLOBAL CARBON DIOXIDE FLOODING TECHNOLOGY

MARKET BY REGION, 2009 AND 2014 ($ MILLIONS)

FIGURE 2 GLOBAL NITROGEN FLOODING TECHNOLOGY MARKET

BY REGION, 2009 AND 2014 ($ MILLIONS)

FIGURE 3 GLOBAL HYDROCARBON GAS FLOODING TECHNOLOGY

MARKET BY REGION, 2009 AND 2014 ($ MILLIONS)

FIGURE 4 GLOBAL CHEMICAL FLOODING TECHNOLOGY MARKET

BY REGION, 2009 AND 2014 ($ MILLIONS)

FIGURE 5 GLOBAL IN-SITU COMBUSTION TECHNOLOGY MARKET

BY REGION, 2009 AND 2014 ($ MILLIONS)

FIGURE 6 GLOBAL STEAM FLOODING TECHNOLOGY MARKET BY

REGION, THROUGH 2014 ($ MILLIONS)

FIGURE 7 GLOBAL ENHANCED OIL RECOVERY TECHNOLOGY MARKET BY REGION, THROUGH 2014 ($ MILLIONS)