future trends and economic implication of enhanced oil recovery in north america
TRANSCRIPT
Future Trends and Economic Implication of Enhanced Oil Recovery in North America
Depleting Fields and Technological Innovation will Propel this Market
Mahesh Radhakrishnan, Industry Analyst
Energy & Environment (Oil & Gas)
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Is Enhanced Oil Recovery a viable option at current oil price? What is the breakeven price
at which each of the techniques will be viable for the operator’s margin?
Key Questions Answered During Webinar
What is the current state of the E&P activity in North America? What is the impact of crude
oil pricing on various activities pertaining to Exploration & Production?
What is the current state of Enhanced Oil Recovery market in North America? What are the
various type of techniques used to extract crude oil using Enhanced oil recovery?
What are the latest trends in technological advancement? Which are the technologies that
are expected to dominate the market?
What are the drivers and restraints impacting the current and the future state of Enhanced
oil recovery market? What are the internal and external factors governing growth of this
market?
What are the factors considered for building the economic cost model? What makes the
CO2 EOR the most viable option even at low crude oil price?
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Now Available On Demand
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Trends in Enhanced Oil Recovery Projects
Period
1970 – 1990
1991 – 2010
2011 – 2014
Average Crude Oil Price
55.82
US$/bbl
48.30
102.4
No of Projects
1130 536 702
873 924 211
123 291 6
Thermal GAS Chemical
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Drivers and Restraints
Focus on Ultimate Recovery
Deeper and Complex well
geology
Crude Oil Price
Depleting Oil Wells
Technological Advancement
Key Drivers
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Drivers and Restraints
Development of
Infrastructure
Implementation of current new technologies
Global Economic Concern
Increase in legislation
Availability of suitable
raw material
Key Restraints
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Parameters Considered for Building a Cost Model
Crude Oil Price Royalties Production Injection Fluid OPEX
Other OPEX Amortized CAPEX
Income Tax(35%)Tax Credit for CO2
EOR
O&M/G&A*
*Operations & Maintenance/Sales & General & Administrative Expenses
Recycle Cost
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Mahesh Radhakrishnan
Industry Analyst
Energy & Environment
(+91) 020-40778919
Ethan Smith
Global Business Development
Energy & Environment
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