Enhanced Gas Recovery Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2014 – 2020

Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Enhanced Gas Recovery Market”. This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure. Tremendous effort has been taken in the field of enhanced oil recovery (EOR) since the 1970s. Comparatively, enhanced gas recovery (EGR) is a recent concept that has taken shape owing to the increased demand of natural gas across the globe. During the producing life of a gas field, the reservoir follows many stages. Initially, when a gas field is brought into production, gas flow occurs naturally as there is existing reservoir pressure. As the reservoir pressure drops, Nitrogen (N) is typically injected to boost gas pressure in order to displace the gas. This method is known as enhanced gas recovery (EGR). The volume of gas recovered is generally 75% more than what is extracted without EGR. Extensive research is being undertaken in this field with regard to feasibility of extraction through carbon dioxide (CO2) as an effective element for EGR. This gives a dual benefit of enhanced gas production as well as creates an avenue for carbon sequestration under the Carbon Capture and Storage (CCS) technique. The combination of carbon dioxide for enhanced gas recovery (CO2-EGR) and permanent carbon dioxide storage in oil and gas reservoirs has the potential to provide a critical near-term solution for reducing the greenhouse gas (GHG) emissions.

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A varied range of factors drive the enhanced gas recovery (EGR) market. The most important driver for the market is the perpetually increasing worldwide demand and consumption for natural gas and methane. Another colossal factor is the need to reduce costs while increasing efficiency of a reservoir. Keeping that in...