Thermal Recovery Market to Witness Increase in Revenues by 2019 to 2029

Thermal recovery methods are one of the most commonly used enhanced recovery techniques in oil & gas. Although, the type of recovery method is often differentiated by the type of reservoir, formation, pressure, depth and temperature of the reservoir, thermal recovery methods are widely known for their better recovery rates as compared to its counterparts. Thermal recovery methods have become vital in the global oil & gas production. The crude oil production has reached peak oil in major oil producing countries and many of the oil & gas reserves have been witnessing a drop in crude oil production. The drop in production rate is heavily attributed to the drop in formation pressure.

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Thermal Recovery: Market Segmentation

The overall Thermal Recovery market can been segmented on the basis of terrain as:
Onshore
Offshore

The overall Thermal Recovery market can been segmented on the basis of type as:

In-situ combustion
Steam Assisted Gravity Drainage (SAGD)
Steam Injection
Toe-to-Heel Air Injection (THAI)
Microwave heating

The overall Thermal Recovery market can been segmented on the basis of application as:

Oil Sands
Heavy Oil
Oil Shale
Oil -sandstone

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Regional analysis includes:


North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics)
Eastern Europe (Russia, Poland, CIS)
Asia-Pacific (China, India, ASEAN, South Korea)
Japan
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

Thermal Recovery market: Market Participants

Some of the key market participants identified in the Thermal Recovery market across the globe are:


Exxonmobil Corporation
Shell
BP
PJSC Lukoil Oil Company
Chevron Corporation
Petroleo Brasileiro S.A.
Praxair Technology, Inc.
Chevron Phillips Chemical Company LP.
Oil India Limited

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