Professional Documents
Culture Documents
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 Overview of the Thermal EOR Market 1.2 Benefits of This Report 1.3 Who is This Report For? 1.4 Methodology 1.5 Global Thermal EOR Market Forecast 2013-2023 1.6 Thermal EOR Submarket Forecasts 2013-2023 1.7 Leading National Thermal EOR Market Forecasts 2013-2023
www.visiongain.com
Contents
2.3.4.2 Steam and Gas Push (SAGP) 2.3.4.3 Controlled Atmospheric Pressure Resin Infusion (CAPRI) 2.3.4.4 Combustion Overhead Gravity Drainage (COGD) 2.4 Unconventional Oil and the Thermal EOR Market 2.4.1 Heavy Oil 2.4.2 Oil Sands 2.5 Thermal EOR Economics
www.visiongain.com
Contents
4.1.1.3 Shengli 4.1.1.4 Primrose 4.1.1.5 Midway-Sunset 4.2 SAGD Submarket Forecast 2013-2023 4.2.1 Largest Projects in the SAGD Submarket 4.2.1.1 Firebag 4.2.1.2 Mukhaizna 4.2.1.3 Foster Creek & Christina Lake 4.2.1.4 Long Lake 4.3 Other EOR Technologies Submarket Forecast 2013-2023 4.3.1 Largest Projects in the Other EOR Technologies Submarket 4.3.1.1 Qarn Alam 4.3.1.2 Bare 4.3.1.3 Cedar Hills North 4.3.1.4 Balol & Santhal
www.visiongain.com
Contents
5.5.1 Venezuelan EOR Market Overview 5.5.2 Where are Venezuelas Thermal EOR Projects Currently Located? 5.5.3 Will Development of the Orinoco Belt Involve Significant Thermal EOR Activity? 5.6 The Indonesian Thermal EOR Market Forecast 2013-2023 5.6.1 Indonesian EOR Market Overview 5.6.2 Chevrons Duri Field Development the Largest Thermal EOR Project in the World 5.6.3 Future Prospects for the Duri Field 5.7 The Omani Thermal EOR Market Forecast 2013-2023 5.7.1 Omani EOR Market Overview 5.7.2 PDO and Occidentals Thermal EOR Projects in Oman 5.7.3 Upcoming Projects and the Prospects for Solar EOR 5.8 The Chinese Thermal EOR Market Forecast 2013-2023 5.8.1 Chinese EOR Market Overview 5.8.2 Chinese Thermal EOR Market Dominated by Sinopec 5.8.3 Upcoming Thermal EOR Projects and the Prospects for Oil Sands 5.9 The Russian Thermal EOR Market Forecast 2013-2023 5.9.1 Russian EOR Market Overview 5.9.2 Learn About Lukoils Thermal EOR Projects in the Usinsky and Jaregsky Fields 5.9.3 Why will the Russian Thermal EOR Market Register Modest Growth? 5.10 The Brazilian Thermal EOR Market Forecast 2013-2023 5.10.1 Brazilian EOR Market Overview 5.10.2 Where are Brazils Thermal EOR Projects Currently Located? 5.10.3 Why will Brazils Thermal EOR Market be Overshadowed by CO2 EOR Developments? 5.11 The Kuwaiti Thermal EOR Market Forecast 2013-2023 5.11.1 Kuwaiti EOR Market Overview 5.11.2 The Development of the Wafra Field 5.11.3 Why will Kuwait Register Very High Rates of Thermal EOR Growth? 5.12 Saudi Arabian Thermal EOR Market Forecast 2013-2023 5.12.1 Saudi Arabian EOR Market Overview
www.visiongain.com
Contents
5.12.2 Find out how the Saudi Arabian Thermal EOR Market will Develop Over the Next Ten Years 5.13 Rest of the World Thermal EOR Market Forecast 2013-2023 5.13.1 Projects in the Rest of the World Thermal EOR Market
www.visiongain.com
Contents
8.1.2 CNRLs Ambitious Oil Sands Expansion Plans 8.2 Cenovus Energy Inc. 8.2.1 Overview and Thermal EOR Operations 8.2.3 Cenovus to Expand Existing Projects and Establish New Operations 8.3 Chevron Corporation 8.3.1 Overview and Thermal EOR Operations 8.3.2 Chevrons Future Thermal EOR Opportunities 8.4 China National Offshore Oil Corporation (CNOOC) 8.4.1 Overview and Thermal EOR Operations 8.4.2 CNOOCs Oil Sands Expansion Plans 8.5 China Petroleum & Chemical Corporation (Sinopec) 8.5.1 Overview and Thermal EOR Operations 8.5.2 Shengli Production to Continue Rising 8.6 ConocoPhillips 8.6.1 Overview and Thermal EOR Operations 8.6.2 Foster Creek, Christina Lake and Surmont Projects to be Expanded 8.7 ExxonMobil Corporation 8.7.1 Overview and Thermal EOR Operations 8.7.2 ExxonMobil Experimenting with New Thermal EOR Technologies 8.8 Petroleos de Venezuela S.A. (PDVSA) 8.8.1 Overview and Thermal EOR Operations 8.8.2 How will the Development of the Orinoco Belt Influence PDVSAs Thermal EOR Production? 8.9 Royal Dutch Shell 8.9.1 Overview and Thermal EOR Operations 8.9.2 Shells Expansion Plans in Oman and Canada 8.10 Suncor Energy 8.10.1 Overview and Thermal EOR Operations 8.10.2 Suncor Set to Increase Its Share of the Thermal EOR Market over the Coming Decade
www.visiongain.com
Contents
8.11 Other Leading Companies in the Thermal EOR Market
9. Conclusions
9.1 Thermal EOR Market Outlook 9.2 Thermal EOR Market Drivers & Restraints 9.3 Thermal EOR Submarket Forecasts 2013-2023 9.4 Leading National Thermal EOR Market Forecasts 2013-2023
10. Glossary
www.visiongain.com
Contents
List of Tables
Table 1.1 Thermal EOR Submarket Forecasts Summary 2013, 2018, 2023 (bpd, CAGR %) Table 1.2 Leading National Thermal EOR Market Forecasts Summary 2013, 2018, 2023 (bpd, CAGR %) Table 2.1 Comparison of Oil Grading By Leading International Agencies (API, Viscosity cP) Table 3.1 Global Thermal EOR Market Forecast 2013-2023 (bpd, AGR %, CAGR%) Table 3.2 Top Ten Thermal EOR Projects (Company, Name, bpd, Resource) Table 3.3 Global Thermal EOR Market Drivers & Restraints Table 4.1 Thermal EOR Submarket Forecasts 2013-2023 (bpd, AGR %) Table 4.2 Steam Injection Submarket Forecast 2013-2023 (bpd, AGR %, CAGR%) Table 4.3 Leading National Steam Injection Submarkets Forecast 2013-2023 (bpd, AGR %) Table 4.4 Top 5 Steam Injection Projects (Company, Project, bpd, Country, Resource) Table 4.5 SAGD Submarket Forecast 2013-2023 (bpd, AGR %, CAGR%) Table 4.6 Leading National SAGD Submarkets Forecast 2013-2023 (bpd, AGR %) Table 4.7 Top 5 SAGD Projects (Company, Project, bpd, Country, Resource) Table 4.8 Other EOR Technologies Submarket Forecast 2013-2023 (bpd, AGR %, CAGR%, Table 4.9 Leading National Other EOR Technologies Submarkets Forecast 2013-2023 (bpd, AGR %) Table 4.10 Top 5 Other EOR Technologies Projects (Company, Project, bpd, Country, Resource) Table 5.1 Leading National Thermal EOR Markets Forecast 2013-2023 (bpd, AGR %) Table 5.2 Leading National Thermal EOR Markets CAGRs 2013-2018, 2018-2023, 2013-2023 (%) Table 5.3 Leading National Thermal EOR Markets Cumulative Production 2013-2023 (Rank, Cumulative Production) Table 5.4 Canadian Thermal EOR Market Forecast 2013-2023 (bpd, AGR %, CAGR%) Table 5.5 Producing Canadian Oil Sands Projects (Company, Project, bpd, Start up year, EOR Type) Table 5.6 Canadian Oil Sands Projects Under Construction (Company, Project, bpd, Start up year, Cost, EOR Type) Table 5.7 Approved Canadian Oil Sands Projects (Company, Project, bpd, Start up year, Cost, EOR Type) Table 5.8 US Thermal EOR Market Forecast 2013-2023 (bpd, AGR %, CAGR%) Table 5.9 Venezuelan Thermal EOR Market Forecast 2013-2023 (bpd, AGR %, CAGR%) Table 5.10 Indonesian Thermal EOR Market Forecast 2013-2023 (bpd, AGR %, CAGR%) Table 5.11 Omani Thermal EOR Market Forecast 2013-2023 (bpd, AGR %, CAGR%) Table 5.12 Chinese Thermal EOR Market Forecast 2013-2023 (bpd, AGR %, CAGR%) Table 5.13 Russian Thermal EOR Market Forecast 2013-2023 (bpd, AGR %, CAGR%)
www.visiongain.com
Contents
Table 5.14 Brazilian Thermal EOR Market Forecast 2013-2023 (bpd, AGR %, CAGR%) Table 5.15 Kuwaiti Thermal EOR Market Forecast 2013-2023 (bpd, AGR %, CAGR%) Table 5.16 Saudi Arabian Thermal EOR Market Forecast 2013-2023 (bpd, AGR %, CAGR%) Table 5.17 Rest of the World Thermal EOR Market Forecast 2013-2023 (bpd, AGR %, CAGR%) Table 6.1 PEST Analysis of the Thermal EOR Market 2013-2023 Table 8.1 Leading 10 Thermal EOR Companies 2013 (Market Ranking, Company, Barrels per day Production, Market Share %) Table 8.2 CNRL Overview: Headquarters, Employees, Stock Exchange, Total Thermal EOR Production 2013 (bpd), Global Thermal EOR Market Share 2013 (%), Global Thermal EOR Market Rank 2013 Table 8.3 Cenovus Overview: Headquarters, Employees, Stock Exchange, Total Thermal EOR Production 2013 (bpd), Global Thermal EOR Market Share 2013 (%), Global Thermal EOR Market Rank 2013 Table 8.4 Chevron Overview: Headquarters, Employees, Stock Exchange, Total Thermal EOR Production 2013 (bpd), Global Thermal EOR Market Share 2013 (%), Global Thermal EOR Market Rank 2013 Table 8.5 CNOOC Overview: Headquarters, Employees, Stock Exchange, Total Thermal EOR Production 2013 (bpd), Global Thermal EOR Market Share 2013 (%), Global Thermal EOR Market Rank 2013 Table 8.6 Sinopec Overview: Headquarters, Employees, Stock Exchange, Total Thermal EOR Production 2013 (bpd), Global Thermal EOR Market Share 2013 (%), Global Thermal EOR Market Rank 2013 Table 8.7 ConocoPhillips Overview: Headquarters, Employees, Stock Exchange, Total Thermal EOR Production 2013 (bpd), Global Thermal EOR Market Share 2013 (%), Global Thermal EOR Market Rank 2013 Table 8.8 ExxonMobils Overview: Headquarters, Employees, Stock Exchange, Total Thermal EOR Production 2013 (bpd), Global Thermal EOR Market Share 2013 (%), Global Thermal EOR Market Rank 2013 Table 8.9 PDVSAs Overview: Headquarters, Employees, Stock Exchange, Total Thermal EOR Production 2013 (bpd), Global Thermal EOR Market Share 2013 (%), Global Thermal EOR Market Rank 2013 Table 8.10 Shells Overview: Headquarters, Employees, Stock Exchange, Total Thermal EOR Production 2013 (bpd), Global Thermal EOR Market Share 2013 (%), Global Thermal EOR Market Rank 2013 Table 8.11 Suncor Energy Overview: Headquarters, Employees, Stock Exchange, Total Thermal EOR Production 2013 (bpd), Global Thermal EOR Market Share 2013 (%), Global Thermal EOR Market Rank 2013
www.visiongain.com
Contents
Table 8.12 Other Leading Companies in the Thermal EOR Market 2013 (Company, Sector) Table 9.1 Global Thermal EOR Market Drivers & Restraints Table 9.2 Thermal EOR Submarkets Forecast Summary 2013, 2018, 2023 (bpd, CAGR %) Table 9.3 Leading National Thermal EOR Market Forecasts Summary 2013, 2018, 2023 (bpd, CAGR %) Table 9.4 Leading Thermal EOR Markets CAGR 2013-2018, 2018-2023, 2013-2023 (%)
List of Figures
Figure 2.1 Global Thermal EOR Market Structure Overview Figure 2.2 USGS Survey Of Global Heavy Oil Resources by Region (Billion Barrels) Figure 2.3 World Map of Bitumen Reserves (Million Barrels of Bitumen) Figure 3.1 Global Thermal EOR Market Forecast 2013-2023 (bpd, AGR%) Figure 3.2 Oil Sands & Heavy Oil Thermal EOR Market Share 2013 & 2023 (% Share) Figure 3.3 World Liquid Fuel Consumption Forecast 2013-2040 (Million Barrels per Day) Figure 3.4 World Oil Prices in Three Cases (Reference, High Price, Low Price) 1990-2040 ($ per Barrel [Brent Crude Oil]) Figure 4.1 Thermal EOR Submarket Forecasts 2013-2023 (bpd) Figure 4.2 Thermal EOR Submarkets Share Forecast 2013 (%) Figure 4.3 Thermal EOR Submarkets Share Forecast 2018 (%) Figure 4.4 Thermal EOR Submarkets Share Forecast 2023 (%) Figure 4.5 Thermal EOR Submarkets CAGR 2013-208, 2018-2023 & 2013-2023 (%) Figure 4.6 Thermal EOR Submarkets Cumulative Production (% Share) Figure 4.7 Thermal EOR Submarkets Share Change (%) Figure 4.7 Steam Injection Submarket Forecast 2013-2023 (bpd, AGR%) Figure 4.8 Steam Injection Submarket Forecast 2013-2023 (bpd, AGR%) Figure 4.9 Steam Injection Submarket Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.10 Leading National Steam Injection Submarkets Forecast 2013-2023 (bpd) Figure 4.11 SAGD Submarket Forecast 2013-2023 (bpd, AGR%) Figure 4.12 SAGD Submarket Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.13 Leading National SAGD Submarkets Forecast 2013-2023 (bpd) Figure 4.14 Other EOR Technologies Submarket Forecast 2013-2023 (bpd, AGR%) Figure 4.15 Other EOR Technologies Submarket Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.16 Leading National Other EOR Technologies Submarkets Forecast 2013-2023 (bpd) Figure 5.1 Leading National Thermal EOR Markets Forecast 2013-2023 (bpd) Figure 5.2 Leading National Thermal EOR Markets Share Forecast 2013 (%) Figure 5.3 Leading National Thermal EOR Markets Share Forecast 2018 (%) Figure 5.4 Leading National Thermal EOR Markets Share Forecast 2023 (%)
www.visiongain.com
Contents
Figure 5.5 National Thermal EOR Markets Cumulative Production 2013-2023 (%) Figure 5.6 Leading National Thermal EOR Markets Share Change (%) Figure 5.7 Canadian Thermal EOR Market Forecast 2013-2023 (bpd, AGR%) Figure 5.8 Canadian Thermal EOR Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 5.9 Canadian Thermal EOR Submarkets Forecast 2013-2023 (bpd) Figure 5.10 Canadian Oil Sands & Heavy Oil Region Overview Figure 5.11 Canadian Oil Sands Projects Overview (Project Status, Cumulative bpd) Figure 5.12 US Thermal EOR Market Forecast 2013-2023 (bpd, AGR%) Figure 5.13 US Thermal EOR Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 5.14 US Thermal EOR Submarkets Forecast 2013-2023 (bpd) Figure 5.15 United States Thermal EOR Production by State (% Share) Figure 5.16 Venezuelan Thermal EOR Market Forecast 2013-2023 (bpd, AGR%) Figure 5.17 Venezuelan Thermal EOR Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 5.18 Venezuelan Thermal EOR Submarkets Forecast 2013-2023 (bpd) Figure 5.19 Indonesian Thermal EOR Market Forecast 2013-2023 (bpd, AGR%) Figure 5.20 Indonesian Thermal EOR Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 5.21 Indonesian Thermal EOR Submarkets Forecast 2013-2023 (bpd) Figure 5.22 Omani Thermal EOR Market Forecast 2013-2023 (bpd, AGR%) Figure 5.23 Omani Thermal EOR Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 5.24 Omani Thermal EOR Submarkets Forecast 2013-2023 (bpd) Figure 5.25 Chinese Thermal EOR Market Forecast 2013-2023 (bpd, AGR%) Figure 5.26 Chinese Thermal EOR Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 5.27 Chinese Thermal EOR Submarkets Forecast 2013-2023 (bpd) Figure 5.28 Russian Thermal EOR Market Forecast 2013-2023 (bpd, AGR%) Figure 5.29 Russian Thermal EOR Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 5.30 Brazilian Thermal EOR Market Forecast 2013-2023 (bpd, AGR%) Figure 5.31 Brazilian Thermal EOR Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 5.32 Kuwaiti Thermal EOR Market Forecast 2013-2023 ($bpd, AGR%) Figure 5.33 Kuwaiti Thermal EOR Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 5.34 Kuwaiti Thermal EOR Submarkets Forecast 2013-2023 (bpd) Figure 5.35 Saudi Arabian Thermal EOR Market Forecast 2013-2023 (bpd, AGR%) Figure 5.36 Saudi Arabian Thermal EOR Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 5.37 Rest of the World Thermal EOR Market Forecast 2013-2023 (bpd, AGR%) Figure 5.38 Rest of the World Thermal EOR Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 5.39 Rest of the World Thermal EOR Submarkets Forecast 2013-2023 (bpd) Figure 8.1 Leading 10 Thermal EOR Companies Market Share 2013 (% Share)
www.visiongain.com
Contents
Figure 8.2 Location, Type and Production (bpd) of CNRLs Thermal EOR Operations Figure 8.3 Location, Type and Production (bpd) of Cenovus Energy Inc.s Thermal EOR Operations Figure 8.4 Location, Type and Production (bpd) of Chevrons Thermal EOR Operations Figure 8.5 Location, Type and Production (bpd) of CNOOCs Thermal EOR Operations Figure 8.6 Location, Type and Production (bpd) of Sinopecs Thermal EOR Operations Figure 8.7 Location, Type and Production (bpd) of ConocoPhillips Thermal EOR Operations Figure 8.8 Location, Type and Production (bpd) of ExxonMobils Thermal EOR Operations Figure 8.9 Location, Type and Production (bpd) of PDVSAs Thermal EOR Operations Figure 8.10 Location, Type and Production (bpd) of Shells Thermal EOR Operations Figure 8.11 Location, Type and Production (bpd) of Suncors Thermal EOR Operations Figure 9.1 Global Thermal EOR Market Forecast 2013-2023 (bpd, AGR %) Figure 9.2 Thermal EOR Submarkets CAGR 2013-2018, 2018-2023, 2013-2023 (%) Figure 9.3 Thermal EOR Submarkets Share 2013 & 2023 (% Share) Figure 9.4 Thermal EOR Submarkets Cumulative Production (% Share) Figure 9.5 Leading National Thermal EOR Markets Share Forecast 2013 (%) Figure 9.6 Leading National Thermal EOR Markets Share Forecast 2023 (%) Figure 9.7 Leading Thermal EOR Markets CAGR 2013-2018, 2018-2023, 2013-2023 (%) Figure 9.8 Leading Thermal EOR Markets Cumulative Production (% Share)
www.visiongain.com
Contents
Companies Mentioned in This Report
Aera Energy Andora Energy Corporation Athabasca Oil Corporation Baytex Energy Corporation Berry Petroleum Birchwood Resources Inc. Black Pearl Resources Ltd. BP Bright Source Energy Brion Energy Canadian Natural Resources Ltd. Cenovus Energy Inc. Chevron Corporation Chevron Technology Ventures Chevron USA China National Offshore Oil Company Lmited (CNOOC Limited) China National Petroleum Corporation (CNPC) China Petroleum and Chemical Corporation (Sinopec) CITGO Petroleum Connacher Oil & Gas Ltd. ConocoPhillips ConocoPhillips Canada Ltd. Continental Resources Devon Canada Corporation Devon Energy E-T Energy Excelsior Energy Limited ExxonMobil Glasspoint Solar Inc Grizzly Oil Sands ULC Harvest Operations Corporation Hong Kong Stock Exchange Hot-Tec Energy Inc. Husky Energy Inc. Imperial Oil Ltd. Japan Canada Oil Sands Ltd.
www.visiongain.com
Contents
Kaizen Environmental Services Inc. Kuwait Gulf Oil Company (KOC) Kuwait Petroleum Corporation Laricina Energy Ltd. London Stock Exchange Lukoil MEG Energy Murphy Oil Nederlandse Aardolie Maatschappij (NAM) New York Stock Exchange Nexen Northern Alberta Oil Ltd. Oak Point Energy Ltd. Occidental Petroleum Oil and Natural Gas Corporation (ONGC) OSUM Oil Sands Corporation Pacific Rubiales Partex Pengrowth Energy Corporation Pertamina Petrobank Energy & Resources Ltd. Petrobras Petrleos de Venezuela, S.A. (PDVSA) Petroleum Development Oman (PDO) Phillips 66 Royal Dutch Shell Southern Pacific Resource Corporation Statoil Statoil Canada Ltd. Suncor Energy Inc. Sunshine Oil Sands Toronto Stock Exchange Total E&P Canada Total S.A. TransCanada Wintershall WorleyParsons
www.visiongain.com
Contents
Government Agencies and Other Organisations Mentioned in This Report
Alberta Energy Regulator Alberta Petroleum Marketing Commission BPMigas Canadian Association of Oilwell Drilling Contractors Canadian Centre for Energy Information Canadian Energy Research Institute (CERI) Energy Information Administration (EIA) Energy Resources Conservation Board Environment and Sustainable Resource Development (ESRD) European Union (EU) Government of Alberta Gulf Cooperation Council (GCC) Organisation of Petroleum Exporting Countries (OPEC) United States Department of Energy (DOE) United States Geological Survey (USGS) United States Department of State University of Calgary World Energy Council
www.visiongain.com
The Enhanced Oil Recovery (EOR) Market 2013-2023: Thermal, Gas and Chemical Production
5.5 The Omani EOR Market and Submarkets Forecast 2013-2023
The Omani EOR market is calculated to see production of 244,000 bpd in 2013, visiongain forecasts. This will have increased to 410,500 bpd in 2018 and to 497,000 bpd in 2023. The market will see a CAGR of 11.0% in the first half of the forecast period from 2013-2018 and a CAGR of 3.9% in the second half of the forecast period from 2018 to 2023, to produce an overall CAGR of 7.4%. Table 5.18, and Figures 5.22 and 5.23 show visiongains production forecast for the Omani EOR market.
Table 5.18 Omani EOR Market Forecast 2013-2023 (bpd, AGR %, CAGR %, Cumulative)
2012 bpd AGR (%) CAGR (%) 2013-18 CAGR (%) 2013-23 2013 7.5 2014 9.8 2015 16.8 11.0 2016 14.2 2017 6.7 2018 7.6 2018-23 7.4 2019 3.5 2020 2.8 2021 5.4 3.9 2022 4.0 2023 2013-23 3.8 227,000 244,000 268,000 313,000 357,500 381,500 410,500 425,000 437,000 460,500 479,000 497,000 4.273m
500,000
400,000 bpd
300,000
200,000
100,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Year
www.visiongain.com
Page 110
The Enhanced Oil Recovery (EOR) Market 2013-2023: Thermal, Gas and Chemical Production
Figure 5.32 Mexican EOR Market Share Forecast 2013, 2018 and 2023 (% Share) 2013 2018 2023
1.4 % 1.0 % 0.7 %
Source: Visiongain 2013 Table 5.28, Table 5.29 and Figure 5.33 show visiongains production forecast for the Mexican EOR submarkets over the next ten years.
Table 5.28 Mexican EOR Submarket Forecast (Thermal, Gas and Chemical) 2013-2023 (bpd, AGR %)
Thermal Year Production (bpd) AGR (%) Gas Year Production (bpd) AGR (%) Chemical Year Production (bpd) AGR (%) 2012 50 2013 70 0.0 2014 70 0.0 2015 85 21.4 2016 125 47.1 2017 500 300.0 2018 1,250 150.0 2019 1,850 48.0 2020 2,300 24.3 2021 3,600 56.5 2022 3,800 5.6 2023 4,000 5.3 2012 40,000 2013 40,000 0.0 2014 42,000 5.0 2015 42,000 0.0 2016 42,500 1.2 2017 44,000 3.5 2018 42,000 -4.5 2019 41,500 -1.2 2020 39,500 -4.8 2021 37,000 -6.3 2022 36,000 -2.7 2023 33,500 -6.9 2012 100 2013 100 0.0 2014 100 0.0 2015 150 50.0 2016 150 0.0 2017 700 366.7 2018 700 0.0 2019 2,000 185.7 2020 2,000 0.0 2021 3,000 50.0 2022 3,500 16.7 2023 3,500 0.0
Table 5.29 Mexican EOR Submarkets CAGR (%) Forecast (Thermal, Gas and Chemical) 2013-2013, 2013-2018 and 2018-2023
2013-2023 Thermal Gas Chemical 42.7 -1.8 49.9 2013-2018 47.6 1.0 78.0 2018-2023 38.0 -4.4 26.2
www.visiongain.com
Page 126
The Enhanced Oil Recovery (EOR) Market 2013-2023: Thermal, Gas and Chemical Production
7. Expert Opinion
7.1 Solvay
David Sorin is Vice President of EOR at chemical company Solvay. Together with FP Energies nouvelles and Beicip-Franlab, Solvay is a member of the Chemical EOR Alliance, which delivers integrated chemical EOR solutions. Visiongain spoke to Mr. Sorin in April 2013 and thanks him for his contribution to the report.
www.visiongain.com
Page 175
The Enhanced Oil Recovery (EOR) Market 2013-2023: Thermal, Gas and Chemical Production
7.2 Enhance Energy
Susan Cole is President and CEO of Enhance Energy, the Canadian company behind the development of the largest carbon capture project for use in enhanced oil operations in the world. The Alberta Carbon Trunk Line (ACTL) project has been uniquely designed to take advantage of the considerable CO emissions from the oil sands and other Albertan industries, using this to insightful comments. boost the production of oil from maturing fields in the south, greatly reducing the carbon footprint of the oil sands industry. Visiongain spoke with Susan Cole in April 2013 and is very grateful for her
7.2.2 The Rationale Behind the Alberta Carbon Trunk Line Project
Visiongain: You are involved with the Alberta Carbon Trunk Line (ACTL) project. What were the main factors behind the decision to go ahead with the project? Susan Cole: We have the experience of the Weyburn project in our past and are ready for the opportunity to take what we have done in Saskatchewan to Alberta, and the opportunity there is actually far greater in terms of the potential for enhanced oil recovery. The only reason we havent seen more EOR in Alberta is because there is a lack of CO2. So when we started the ACTL project, really our impetus came from our background of doing enhanced oil recovery. We saw the potential of taking CO2 from where it is being produced in Alberta and moving it to where we can actually use it. So when we first started the project it wasnt necessarily about reducing emissions, but more about using CO2, which can be seen as a waste product, and giving it a value. ACTL is one of two projects being supported by the Alberta government and by the Canadian government to build large carbon capture and storage projects. The ACTL will have the capacity to transport and store close to 15 megatonnes of CO2 per year.
www.visiongain.com
Page 180
The Enhanced Oil Recovery (EOR) Market 2013-2023: Thermal, Gas and Chemical Production
Figure 8.4 Location, Type and Production (bpd) of Chevron Corporations EOR Operations
Figure 8.5 Chevron Corporations EOR Production Split (%) Thermal and Gas
Gas, 6.9%
Thermal, 93.1%
www.visiongain.com
Page 192