Evaluating New EOR Technologies in Oil Industry Mega-projects

June 30, 2013 | State of the Market Report

Enhanced oil recovery (EOR) has added decades to the world’s oil supply, and shifted the petropolitical strategy of countries like the U.S., Canada, Venezuela, Indonesia, and China. In today’s mega-projects, EOR technologies extend the life of conventional reservoirs and make unconventional sources like tight oil, tar sands, and shale gas economically recoverable, so the industry is eager to have them. This report explains EOR for oil industry outsiders, to describe opportunites for collaboration. It ranks 14 chemical, thermal, gas, and microbial EOR technology developers on the Lux Innovation Grid, and compares them with artificial lift, coiled tubing, hydraulic fracturing, and other approaches. Building on discussions with industry experts, it assesses their utility in various field situations like depleted, offshore, or high-salt reservoirs, and identifies synergies with synthetic biology, advanced material, and water technologies.

Coverage Areas

  • Digital Transformation
  • Exploration and Production
  • Owning the Energy Transition
  • Sensors

Table of Contents

  • Executive Summary
  • Landscape
  • Analysis
  • Outlook
  • Endnotes

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Lux Research is a leading provider of tech-enabled research and advisory solutions, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux clients are empowered to make more informed decisions today to ensure future success.

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