Carbon Dioxide Enhanced Oil Recovery Market : Region-wise Outlook
Carbon dioxide enhanced oil recovery has been widely adopted in North America for a long period of time as a method of obtaining oil from mature reserves . Hence , the market for carbon dioxide enhanced oil recovery in this region is expected to witness rapid development in the next few years . Middle East & Africa offers excellent potential for this market due to the multitude of oil reserves present in the region as well as the various mature oil wells that are yet to be explored . The market for carbon dioxide enhanced oil recovery in Asia Pacific is in its developmental stages and this technique is yet to be adopted on a full-fledged basis by a majority of the countries here .
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Europe is home to a reasonable number of oil reserves which is predicted to lead to the expansion of the carbon dioxide enhanced oil recovery market here in the future . However , the market in Latin America is likely to advance at a comparatively sluggish pace due to the limited oil reserves and thereby , scope of application in the region .
Carbon Dioxide Enhanced Oil Recovery Market : Key Players
Key players operating in the market of Carbon Dioxide Enhanced Oil Recovery include Abu Dhabi National Oil Company ( ADNOC ), Japan Oil , Gas and Metals National Corporation ( JOGMEC ), Occidental Chemical Corporation ( OxyChem ), Royal Dutch Shell , and Summit Power Group .
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