2014-03-18 07:16:01 - The Carbon Dioxide (CO2) Enhanced Oil Recovery (EOR) Market 2014-2024 - a new market research report on companiesandmarkets.com
The CO2 EOR market is a well established sector of the oil and gas industry in the United States with the first commercial projects dating back to the early 1970s. The key enabler of this success has been the availability of a large volume of low cost naturally occurring CO2, which has been tapped in the US to provide a regular supply to EOR projects.However, the US remains the only nation to have discovered naturally occurring CO2 sources apart from natural gas collections with a high CO2 content. As maturing oil production markets provide more opportunity for CO2 use in EOR, demand for CO2 has risen while supply volumes have not seen significant additions over the market´s 35+ year history.
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