The 25 Leading Companies in Enhanced Oil Recovery (EOR) 2014

The 25 Leading Companies in
Enhanced Oil Recovery (EOR) 2014
A Competitive Analysis

©notice
This material is copyright by visiongain. It is against the law to reproduce any of this material without the prior written agreement of visiongain. You cannot photocopy, fax, download to database or duplicate in any other way any of the material contained in this report. Each purchase and single copy is for personal use only.

Contents
1. Executive Summary
1.1 The Enhanced Oil Recovery (EOR) Market Overview
1.2 Benefits of This Report
1.3 Who is This Report For?
1.4 Methodology and Enhanced Oil Recovery Market Definition

2. Introduction to the Enhanced Oil Recovery (EOR) Market
2.1 Stages of Oil Extraction
2.1.1 Primary Recovery
2.1.2 Secondary Recovery
2.1.3 Tertiary Recovery
2.2 Thermal EOR Processes
2.2.1 Steam Injection
2.2.1.1 Steam Flooding
2.2.1.2 Cyclic Steam Stimulation (CSS)
2.2.2 Steam Assisted Gravity Drainage (SAGD)
2.2.3 In-Situ Combustion
2.3 Gas EOR Processes
2.3.1 Carbon Dioxide Injection
2.3.2 Nitrogen Injection
2.3.3 Natural Gas Injection
2.4 Chemical EOR Processes
2.4.1 Polymer Flooding
2.4.2 Surfactant Flooding
2.4.3 Alkaline Flooding
2.4.4 Micellar Flooding
2.5 Unconventional Oil and Gas
2.5.1 Extra Heavy Oil
2.5.2 Oil Sands
2.5.3 Oil Shale
2.5.4 Tight Oil
2.5.5 Shale Gas

3. Key Issues in the Enhanced Oil Recovery (EOR) Market
3.1 Developments Affecting Companies in the Thermal Oil Sands Market Space

www.visiongain.com

Contents
3.1.1 Oil Sands Resources
3.1.2 Western Canadian Select (WCS) Continuing to Trade at a Discount to West Texas Intermediate (WTI)
3.1.3 How Important is Keystone to the Thermal Oil Sands Market?
3.2 Developments Affecting Companies in the Thermal Heavy Oil Market Space
3.2.1 Global Heavy Oil Resources
3.2.2 Prospects for Solar EOR
3.2.3 Heavy Oil versus Oil Sands in the Thermal EOR Market
3.3 Developments Affecting Companies in the CO2 EOR Market Space
3.3.1 Current Production Centres and Future Growth Opportunities
3.3.2 Prospects for Offshore CO2 EOR
3.3.3 The Importance of Government Funding
3.3.4 Competition from Rival Technologies
3.4 Developments Affecting Companies in the Chemical EOR Market Space
3.4.1 Improving Polymers and Surfactants
3.4.2 Current Production Centres and Future Growth Opportunities
3.4.3 Potential Challenges for Chemical EOR

4. Competitor Positioning in the Enhanced Oil Recovery (EOR)
Market
4.1 The Leading 25 Companies in the EOR Market 2013 – Market Share Analysis
4.2 The Leading 25 Companies in the EOR Market 2014 – Market Share Analysis
4.3 Comparison of the EOR Methods Being Undertaken by Each Company
4.4 The Location of the Leading 25 Companies’ EOR Operations

5. Leading 25 Companies in the Enhanced Oil Recovery (EOR) Market
5.1 BP
5.1.1 Overview and EOR Operations
5.1.2 SWOT Analysis
5.1.3 Future Outlook
®

5.1.3.1 BP’s EOR Research and the Prospects for Low Sal Technology
5.1.3.2 BP’s Entry into the Oil Sands Business
5.1.3.3 BP’s Potential Investments in CO2 EOR and Polymer Flooding
5.2 Canadian Natural Resources Limited (CNRL)
5.2.2 SWOT Analysis
5.2.2.1 CNRL’s Oil Sands Operations

www.visiongain.com

Contents
5.2.2.2 CNRL in the Thermal Heavy Oil Market
5.2.3.1 Kirby South to Ramp up Production in 2014
5.2.3.2 Other Potential Oil Sands Developments
5.2.3.3 The Importance of Keystone XL to CNRL
5.3 Cenovus Energy Inc.
5.3.2 SWOT Analysis
5.3.3.1 Low Costs and Impressive Results at Oil Sands Operations
5.3.3.2 Prospects for Oil Sands Growth
5.3.3.3 CO2 EOR Developments
5.3.3.4 Potential Chemical EOR Growth
5.4 Chevron Corporation
5.4.2 SWOT Analysis
5.4.2.1 Chevron in the Duri Field – The Largest EOR Operation in the World
5.4.2.2 Chevron’s Thermal EOR Operations in California
5.4.2.3 Chevron’s Pilot Steamflood at the Wafra Field
5.4.2.4 Chevron’s Involvement in the CO2 EOR Market
5.4.2.5 Chevron in the Tengiz Field
5.4.3.1 Chevron Supporting EOR Research and Development Efforts
5.4.3.2 Chemical EOR at the Minas and Captain Fields
5.4.3.3 Potential for Solar EOR
5.5 China National Offshore Oil Corporation (CNOOC)
5.5.2 SWOT Analysis
5.5.3.1 CNOOC Increasing Its Investments in Canada’s Oil Sands
5.5.3.2 Opportunities for CNOOC within China
5.6 China National Petroleum Corporation (CNPC)
5.6.2 SWOT Analysis
5.6.3.1 Opportunities for CNPC within China

www.visiongain.com

Contents
5.6.3.2 Opportunities for CNPC Outside of China
5.7 China Petroleum & Chemical Corporation (Sinopec)
5.7.2 SWOT Analysis
5.7.3.1 Sinopec’s EOR Opportunities within China
5.7.3.2 Sinopec’s EOR Investments Outside of China
5.8 Connacher Oil & Gas
5.8.2 SWOT Analysis
5.9 ConocoPhillips
5.9.2 SWOT Analysis
5.9.3.1 Expansion Plans in Place for ConocoPhillips’ Thermal Oil Sands Operations
5.9.3.2 EOR Opportunities Outside of the Canadian Oil Sands
5.10 Denbury Resources
5.10.2 SWOT Analysis
5.10.3.1 Denbury Continues its Expansion in the Rockies
5.10.3.2 Denbury Strongly Positioned in the CO2 EOR Market Space
5.11 Devon Energy Corporation
5.11.3.1 Third Phase of Jackfish on Course, Pike to Follow
5.12 ExxonMobil Corporation
5.12.3.1 ExxonMobil’s Investments in New EOR Technologies
5.12.3.2 ExxonMobil’s Thermal Oil Sands Expansion Plans
5.12.3.3 ExxonMobil’s Involvement in the Malaysian EOR Market
5.13 Husky Energy

www.visiongain.com

Contents
5.13.3.1 First Phase of Sunrise Oil Sands Project to Begin in Late 2014
5.13.3.2 Husky Pressing Ahead with Thermal Heavy Oil Projects as Prices Surge for Western Canadian
Heavy Oil
5.14 Kinder Morgan
5.15 Lukoil
5.16 MEG Energy
5.16.3.1 Further Production Increases at Christina Lake Project
5.16.3.2 Opportunities in the Surmont Leases
5.17 Occidental Petroleum Corporation
5.17.2.1 Occidental’s Leading Position in the CO2 EOR Market
5.17.2.2 Occidental’s SAGD Operation at the Mukhaizna Field in Oman
5.17.3.1 Continued CO2 EOR Growth in the Permian Basin
5.17.3.2 Potential to Expand the Mukhaizna Project and Opportunities in the Neighbouring Kahmah
Reservoir
5.17.3.3 Streamlining Plans and the Impact on EOR Production
5.18 Pemex
5.18.3.1 Pemex’s Upcoming EOR Projects
5.18.3.2 The Potential Impact of Mexican Constitutional Changes

www.visiongain.com

Contents
5.19 Petrobras
5.19.2.1 The Lula Project
5.19.3.1 Further CO2 EOR Opportunities for Petrobras
5.20 Petroleum Development Oman (PDO)
5.20.3.1 PDO’s Ambitious Expansion Plans
5.20.3.2 The Prospects for Solar EOR in Oman
5.21 PDVSA
5.21.3.1 Political Problems and the Need for Investment
5.21.3.2 PDVSA Focusing on Short-Term EOR Production Increases at Mature Fields
5.21.3.3 Long-Term Opportunities for EOR Production in the Orinoco Belt
5.22 Royal Dutch Shell
5.22.3.1 Shell Investing Heavily in Chemical EOR
5.22.3.2 Shell Expanding Thermal EOR Operations and Investing in Solar EOR
5.22.3.3 Shell’s Potential Involvement in the CO2 EOR Market
5.23 Statoil
5.23.2.1 Uncertainty in Statoil’s Oil Sands Programme Following Recent Developments
5.23.2.2 Statoil’s Success with Gas Injection
5.23.3.1 Statoil Experimenting with Chemical EOR
5.23.3.2 CO2 EOR Unlikely to be a Strong Growth Area for Statoil
5.24 Suncor Energy

www.visiongain.com

Contents
5.24.2.1 Firebag
5.24.2.2 MacKay River
5.24.2.3 Dover Demonstration Plant
5.25 Total S.A.
5.25.3.1 Opportunities for the Dalia Field Chemical EOR Project
5.25.3.2 Potential for CO2 EOR Projects in Various Locations

6. PEST Analysis of the Enhanced Oil Recovery (EOR) Market
7. Expert Opinion
7.1 GlassPoint
7.1.1 The Current Status of GlassPoint’s Pilot Projects
7.1.2 Prospects for Solar EOR in California and the Gulf Region
7.1.3 Other Potential Regions where Solar EOR can be Applied
7.1.4 Higher Upfront Costs. But Lower Operating Costs
7.1.5 Similarities and Differences between Solar and Gas
7.1.6 GlassPoint’s Relationship with Royal Dutch Shell
7.1.7 GlassPoint’s Aims for the Future

8. Conclusions
8.1 Global EOR Market Outlook
8.2 The Best Positioned Companies in the Thermal Oil Sands Market Space
8.3 The Best Positioned Companies in the Thermal Heavy Oil Market Space
8.4 The Best Positioned Companies in the CO2 EOR Market Space
8.5 The Best Positioned Companies in the Chemical EOR Market Space

9. Glossary

www.visiongain.com

Contents
List of Tables
Table 3.1 Original Heavy Oil in Place by Nation (Billion Barrels)
Table 3.2 Top Ten Thermal EOR Projects (Company, Name, bpd, Resource)
Table 4.1 The Leading 25 Companies in the EOR Market 2013 (Rank, Value $Bn, Market Share %)
Table 4.2 The Leading 25 Companies in the EOR Market 2014 (Rank, Value $Bn, Market Share %)
Table 4.3 Methods of EOR Production Among the Leading 25 Companies (Thermal, Gas and Chemical)
Table 4.4 Location of EOR Projects Among the Leading 25 Companies (United States, Canada, Latin America, Asia,
Middle East, Russia and Central Asia, Europe, Africa)
Table 5.1 BP Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd), Global EOR
Market Size 2013 ($Bn), Global EOR Market Share 2013 (%), Global EOR Market Rank 2013, Forecast EOR
Production 2014 (bpd), Global EOR Market Size 2014 ($Bn), Global EOR Market Share 2014 (%), Global EOR
Market Rank 2014, Five-Year Outlook
Table 5.2 SWOT Analysis of BP in the EOR Market
Table 5.3 CNRL Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd), Global
EOR Market Size 2013 ($Bn), Global EOR Market Share 2013 (%), Global EOR Market Rank 2013, Forecast EOR
Table 5.4 SWOT Analysis of CNRL in the EOR Market
Table 5.5 Cenovus Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd), Global
Table 5.6 SWOT Analysis of Cenovus in the EOR Market
Table 5.7 Chevron Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd), Global
Table 5.8 SWOT Analysis of Chevron in the EOR Market
Table 5.9 CNOOC Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd), Global
Table 5.10 SWOT Analysis of CNOOC in the EOR Market
Table 5.11 CNPC Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd), Global

www.visiongain.com

Contents
Table 5.12 SWOT Analysis of CNPC in the EOR Market
Table 5.13 Sinopec Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd), Global
Table 5.14 SWOT Analysis of Sinopec in the EOR Market
Table 5.15 Connacher Oil & Gas Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013
(bpd), Global EOR Market Size 2013 ($Bn), Global EOR Market Share 2013 (%), Global EOR Market Rank 2013,
Forecast EOR Production 2014 (bpd), Global EOR Market Size 2014 ($Bn), Global EOR Market Share 2014 (%),
Global EOR Market Rank 2014, Five-Year Outlook
Table 5.16 SWOT Analysis of Connacher Oil & Gas in the EOR Market
Table 5.17 ConocoPhillips Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd),
Global EOR Market Size 2013 ($Bn), Global EOR Market Share 2013 (%), Global EOR Market Rank 2013, Forecast
EOR Production 2014 (bpd), Global EOR Market Size 2014 ($Bn), Global EOR Market Share 2014 (%), Global EOR
Table 5.18 SWOT Analysis of ConocoPhillips in the EOR Market
Table 5.19 Denbury Resources Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013
(bpd), Global EOR Market Size 2013 ($Bn), Global EOR Market Share 2013 (%), Global EOR Market Rank 2013,
Forecast EOR Production 2014 (bpd), Global EOR Market Size 2014 ($Bn), Global EOR Market Share 2014 (%),
Global EOR Market Rank 2014, Five-Year Outlook
Table 5.20 SWOT Analysis of Denbury Resources in the EOR Market
Table 5.21 Devon Energy Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd),
Table 5.22 SWOT Analysis of Devon Energy in the EOR Market
Table 5.23 ExxonMobil Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd),
Table 5.24 SWOT Analysis of ExxonMobil in the EOR Market
Table 5.25 Husky Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd), Global

www.visiongain.com

Contents
Table 5.26 SWOT Analysis of Husky in the EOR Market
Table 5.27 Kinder Morgan Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd),
Table 5.28 SWOT Analysis of Kinder Morgan in the EOR Market
Table 5.29 Lukoil Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd), Global
Table 5.30 SWOT Analysis of Lukoil in the EOR Market
Table 5.31 MEG Energy Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd),
Table 5.32 SWOT Analysis of MEG Energy in the EOR Market
Table 5.33 Occidental Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd),
Table 5.34 SWOT Analysis of Occidental in the EOR Market
Table 5.35 Pemex Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd), Global
Table 5.36 SWOT Analysis of Pemex in the EOR Market
Table 5.37 Pemex’s Upcoming Pilot EOR Projects (Location and EOR Method)
Table 5.38 Petrobras Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd),
Table 5.39 SWOT Analysis of Petrobras in the EOR Market
Table 5.40 PDO Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd), Global

www.visiongain.com

Contents
Table 5.41 SWOT Analysis of PDO in the EOR Market
Table 5.42 PDVSA Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd), Global
Table 5.43 SWOT Analysis of PDVSA in the EOR Market
Table 5.44 Shell Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd), Global
Table 4.45 SWOT Analysis of Shell in the EOR Market
Table 5.46 Statoil Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd), Global
Table 5.47 SWOT Analysis of Statoil in the EOR Market
Table 5.48 Suncor Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd), Global
Table 5.49 SWOT Analysis of Suncor in the EOR Market
Table 5.50 Total Overview: Headquarters, Employees, Stock Exchange, Total EOR Production 2013 (bpd), Global
Table 5.51 SWOT Analysis of Total in the EOR Market
Table 6.1 PEST Analysis of the EOR Market

www.visiongain.com

Contents
List of Figures
Figure 3.1 World Map of Bitumen Reserves (Million Barrels of Bitumen)
Figure 3.2 USGS Survey Of Global Heavy Oil Resources by Region (Billion Barrels)
Figure 3.3 Oil Sands & Heavy Oil Thermal EOR Market Share 2013 & 2023 (% Share)
Figure 4.1 The Leading 25 Companies in EOR Market Share 2013 (%)
Figure 4.2 The Leading 25 Companies in EOR Market Share 2014 (%)
Figure 4.3 The Leading 25 Companies in EOR Market Share Change Forecast 2013-2014 (%)
Figure 5.1 BP EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.2 Location, Type and Production (bpd) of BP’s EOR Operations
Figure 5.3 BP’s EOR Production Split (%) Gas and Chemical
Figure 5.4 CNRL EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.5 Location, Type and Production (bpd) of CNRL’s EOR Operations
Figure 5.6 CNRL’s EOR Production Split (%) Thermal and Chemical
Figure 5.7 Cenovus EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.8 Location, Type and Production (bpd) of Cenovus’ EOR Operations
Figure 5.9 Cenovus’ EOR Production Split (%) Thermal, Gas and Chemical
Figure 5.10 Chevron EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.11 Location, Type and Production (bpd) of Chevron’s EOR Operations
Figure 5.12 Chevron’s EOR Production Split (%) Thermal and Gas
Figure 5.13 CNOOC EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.14 Location, Type and Production (bpd) of CNOOC’s EOR Operations
Figure 5.15 CNPC EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.16 Location, Type and Production (bpd) of CNPC’s EOR Operations
Figure 5.17 CNPC’s EOR Production Split (%) Thermal, Gas and Chemical
Figure 5.18 Sinopec EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.19 Location, Type and Production (bpd) of Sinopec’s EOR Operations
Figure 5.20 Sinopec’s EOR Production Split (%) Thermal and Chemical
Figure 5.21 Connacher Oil & Gas EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.22 Location, Type and Production (bpd) of Connacher Oil & Gas’ EOR Operations
Figure 5.23 ConocoPhillips EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.24 Location, Type and Production (bpd) of ConocoPhillips’ EOR Operations
Figure 5.25 ConocoPhillips’ EOR Production Split (%) Thermal and Gas
Figure 5.26 Denbury Resources EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.27 Location, Type and Production (bpd) of Denbury Resources’ EOR Operations
Figure 5.28 Devon Energy EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.29 Location, Type and Production (bpd) of Devon Energy’s EOR Operations

www.visiongain.com

Contents
Figure 5.30 Devon Energy’s EOR Production Split (%) Thermal and Gas
Figure 5.31 ExxonMobil EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.32 Location, Type and Production (bpd) of ExxonMobil’s EOR Operations
Figure 5.33 ExxonMobil’s EOR Production Split (%) Thermal and Gas
Figure 5.34 Husky EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.35 Location, Type and Production (bpd) of Husky’s EOR Operations
Figure 5.36 Kinder Morgan EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.37 Location, Type and Production (bpd) of Kinder Morgan’s EOR Operations
Figure 5.38 Lukoil EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.39 Location, Type and Production (bpd) of Lukoil’s EOR Operations
Figure 5.40 Lukoil’s EOR Production Split (%) Thermal and Chemical
Figure 5.41 MEG Energy EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.42 Location, Type and Production (bpd) of MEG Energy’s EOR Operations
Figure 5.43 Occidental EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.44 Location, Type and Production (bpd) of Occidental’s EOR Operations
Figure 5.45 Occidental’s EOR Production Split (%) Thermal, Gas and Chemical
Figure 5.46 Pemex EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.47 Location, Type and Production (bpd) of Pemex’s EOR Operations
Figure 5.48 Petrobras EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.49 Location, Type and Production (bpd) of Petrobras’ EOR Operations
Figure 5.50 Petrobras’ EOR Production Split (%) Thermal, Gas and Chemical
Figure 5.51 PDO EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.52 Location, Type and Production (bpd) of PDO’s EOR Operations
Figure 5.53 PDO’s EOR Production Split (%) Thermal, Gas and Chemical
Figure 5.54 PDVSA EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.55 Location, Type and Production (bpd) of PDVSA’s EOR Operations
Figure 5.56 PDVSA’s EOR Production Split (%) Thermal, Gas and Chemical
Figure 5.57 Shell EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.58 Location, Type and Production (bpd) of Shell’s EOR Operations
Figure 5.59 Statoil EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.60 Location, Type and Production (bpd) of Statoil’s EOR Operations
Figure 5.61 Statoil’s EOR Production Split (%) Thermal and Gas
Figure 5.62 Suncor EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.63 Location, Type and Production (bpd) of Suncor’s EOR Operations
Figure 5.64 Total EOR Market Share 2013 & Market Share Forecast 2014 (%)
Figure 5.65 Location, Type and Production (bpd) of Total’s EOR Operations

www.visiongain.com

Contents
Companies Mentioned in This Report
Abu Dhabi National Oil Company (ADNOC)
Aero Energy
Air Liquide
Air Products and Chemicals
Anadarko Petroleum Corporation
Apache Canada
Athabasca Oil Sands Corp. (AOSC)
Babcock & Wilcox Canada
Bapco
Beicip Franlab
Berkshire Hathaway
Berry Petroleum
BG Group
BP
BP Capital Management
Bright Source Energy
Canadian Natural Resources Limited (CNRL)
Cenovus Energy Inc.
Chevron Corporation
Chevron Technology Ventures
Chevron USA
China National Offshore Oil Corporation (CNOOC)
China National Petroleum Corporation (CNPC)
China Petroleum & Chemical Corporation (Sinopec)
Chrysalix Energy Venture Capital
CITGO Petroleum
Connacher Oil & Gas
ConocoPhillips
Cupet
Denbury Resources
Devon Canada
Devon Energy Corporation
DuPont
Elk Petroleum

www.visiongain.com

Contents
El Paso Pipeline Partners
Encana Corporation
ExxonMobil Chemical
ExxonMobil Corporation
Fluor
Geogreen
GeoSouthern Energy
Gibson Energy Inc.
GlassPoint
Glori Energy
Goldman Sachs
Hess Corporation
Hitachi
Husky Energy Inc.
Hyundai Heavy Industries
IESA
Imperial Oil
Japan Canada Oil Sands Limited (JACOS)
Japan Petroleum Exploration Co. Ltd. (Japex)
KBR
Kinder Morgan
Kinder Morgan Energy Partners
Kinder Morgan Management
Kuwait Gulf Oil Company
Kuwait Petroleum Corporation
Liwa Energy
Lukoil
Magellan Midstream Partners
Marathon Oil
Masdar
MEG Energy
Merit Energy Company
Mitsubishi Heavy Industries (MHI)
MMC Oil and Gas Engineering
Mubadala
Nalco

www.visiongain.com

Contents
Nederlandse Aardolie Maatschappij (NAM)
Neill and Gunter Ltd.
Nexen Inc.
Nova Chemicals Corporation
N-Solv Corporation
Nth Power
Occidental Petroleum Corporation
Oman Oil Company
OMV
Partex
PDVSA
Pemex
Petrobras
Petro-Canada
Petrocedeño
PetroChina
Petroecuador
Petroleum Development Oman (PDO)
Petronas
Phillips 66
Praxair
PTT Exploration and Production
Reliance Industries Ltd (RIL)
RockPort Capital
Rosneft
Royal Dutch Shell
SaskPower
Shell Chemicals
Shell Malaysia
Shell Oman Marketing Company
Siemens
SNC Lavalin-Cansolv
SNF Group
Southern Company
Summit Power Group
Suncor Energy

www.visiongain.com

Contents
Statoil
Statoil Canada
Talisman
Targa Resources
Tatweer
Tengizchevroil
TIORCO
Total
Total E&P Canada
Water Standard
Wintershall
XTO Energy

www.visiongain.com

Contents
Government Agencies and Other Organisations Mentioned in This
Report
Brazilian Coal Association (BCA)
Brazilian Energy and Carbon Storage Research Centre
Bureau of Land Management (BLM)
California Department of Oil, Gas & Geothermal Resources (DOGGR)
Centre for North Sea Enhanced Oil Recovery with CO2 (CENSEOR-CO2)
Centre of Excellence in Research on Carbon Storage (CEPAC)
China Export-Import Bank
École supérieure de physique et de chimie industrielles
Energy Information Administration (EIA)
Energy Resources Conservation Board
French Petroleum Institute (IFP)
Gulf Cooperation Council (GCC)
International Monetary Fund (IMF)
Max Planck Institute
National Enhanced Oil Recovery Initiative (NEORI)
Norwegian Ministry of Petroleum and Energy
Norwegian Petroleum Directorate
Organisation of Petroleum Exporting Countries (OPEC)
Pembina Institute
Scientific and Technical Centre (CSTJF)
Sustainable Development Technology Canada (SDTC)
University of Cambridge
University of Copenhagen
University of Delft
University of Houston
University of Kansas
University of Texas
University of Twente
US Department of Energy (DOE)
US Geological Survey (USGS)
World Bank
World Energy Council (WEC)

www.visiongain.com

The 25 Leading Companies in Enhanced Oil
Recovery (EOR) 2014: A Competitive Analysis
5.18 Pemex
Table 5.35 provides a summary of Petróleos Mexicanos (Pemex) and their involvement in the EOR
market, while Figure 5.46 shows the company’s 2013 market share and the forecast for the
company’s 2014 market share.

Table 5.35 Pemex Overview: Headquarters, Employees, Stock Exchange, Total EOR
Production 2013 (bpd), Global EOR Market Size 2013 ($Bn), Global EOR Market Share
2013 (%), Global EOR Market Rank 2013, Forecast EOR Production 2014 (bpd), Global
EOR Market Size 2014 ($Bn), Global EOR Market Share 2014 (%), Global EOR Market
Rank 2014, Five-Year Outlook
Headquarters

Mexico City, Mexico

Employees

138,000

Stock Exchange

-

Total EOR Production 2013 (bpd)

42,000 bpd

Global EOR Market Size 2013 ($Bn)

$1.501bn

Global EOR Market Share 2013 (%)

1.3%

Global EOR Market Rank 2013

19th

Forecast EOR Production 2014 (bpd)

42,000 bpd

Global EOR Market Size 2014 ($Bn)

$1.501bn

Global EOR Market Share 2014 (%)

1.2%

Global EOR Market Rank 2014

20th

Five-Year Outlook

Moderate Growth

Source: Visiongain 2014

www.visiongain.com

Page 155

Mexico has had some success over the past two years in placing carbon capture and storage onto
its policy agenda, incorporating it as part of the country’s National Energy Strategy 2012–26.
Mexico is believed to have some potential for CO2 EOR, while ongoing declines from older fields
are creating an imperative to invest in new sources of oil. This could creates opportunities for
Pemex, possibly in collaboration with international oil companies, to invest is commercial-scale
CO2 EOR projects, though visiongain believes this to still be a number of years off.

Table 5.37 Pemex’s Upcoming Pilot EOR Projects (Location and EOR Method)
Field

EOR Method

Akal KL, Chac

Foamy surfactant injection and surfactant
solution injection

Cunduacán

Foamy surfactant injection

Poza Rica

Surfactant injection

Samaria Terciario

Steam injection

Chuc

Hydrocarbon gas injection

Maloob

CO2 injection

Agua fría

CO2 injection

Coyotes

CO2 injection

Soledad

Air injection

Cárdenas

Air injection

The Chicontepec area spanning across three states of Mexico is of priority interest to Pemex and
the southern part of the region holds substantial amounts of heavy oil with an API gravity of around
18⁰. The Chicontepec region contains 442 million barrels of proven crude oil reserves and 11
billion more barrels of probable and possible reserves. If KMZ does reach its production peak
within the next few years and follows a similar decline pattern to the Cantarell field then Pemex
could decide to switch its nitrogen injection operations to the Chicontepec region, as it previously
did when moving from Cantarell to KMZ. However, the geological nature of the reservoir consisting of a succession of thin shales and carbonates - makes it difficult to apply thermal steam
and SAGD techniques in the Chicontepec area.

www.visiongain.com

Page 159

Figure 5.60 Location, Type and Production (bpd) of Statoil’s EOR Operations


Figure 5.61 Statoil’s EOR Production Split (%) Thermal and Gas

Thermal, 26.5%

Gas, 73.5%


www.visiongain.com

Page 190

7. Expert Opinion
7.1 GlassPoint
Rod MacGregor is CEO of GlassPoint, a manufacturer of solar steam generators for the oil and
gas industry. Together with Berry Petroleum, the company has a small pilot facility in Kern County,
California, and is involved with Petroleum Development Oman’s (PDO) solar enhanced oil recovery
pilot in Oman. Visiongain spoke to Mr MacGregor in September 2013 and is grateful for his input
into the report.

7.1.1 The Current Status of GlassPoint’s Pilot Projects
Visiongain: GlassPoint is involved in two Solar EOR projects, with Berry Petroleum in California
and PDO in Oman. How will these projects progress in the future and do you have other Solar
EOR projects planned?

Rod MacGregor: At this stage in our evolution these two projects are both pilots. They are
relatively small in scale for oil production but quite reasonable in scale for power productions
standards. The respective companies are operating them and gaining experience from them. We
hope that both these individual companies and their peers in the respective regions will deploy full
field EOR in the future.

7.1.2 Prospects for Solar EOR in California and the Gulf Region
Visiongain: Can you tell me a little bit about the reasons why solar EOR is being developed in
California and the Middle East and the growth prospects in these regions?

Rod MacGregor: I don’t think we will see Berry or any of the California operators switch to Solar
EOR in the short to medium term. The drivers for Solar EOR are primarily around saving gas;
either reducing the quantity of gas you burn or reducing the cost of the gas you burn. But the
abundance and low price of gas in the US at the moment is not making solar EOR attractive for
many heavy oil producers. However, the state of California has created some new laws around
CO2 emissions; it’s a range of laws under the umbrella of the Assembly Bill (AB) 32. AB 32 is all
about reducing California’s CO2 emissions and one of its main pillars is effectively a cap and trade
system, not too different from the European system, which applies to stationary emitters.

The allocation that these stationary emitters of the oil companies get will be reduced over time.
Today the market price for CO2 translates into $0.80 per MMbtu of gas burned. So whatever the

www.visiongain.com

Page 207

The 25 Leading Companies in Enhanced Oil Recovery (EOR) 2014

Recommandé

Recommandé

Contenu connexe

Dernier

Dernier (20)

En vedette

En vedette (20)

The 25 Leading Companies in Enhanced Oil Recovery (EOR) 2014