Global Gas Injected Enhanced Oil Recovery Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

CO2/N2 Gas Injection, CO2/CH4 Gas Injection, and Other.

By Application;

Onshore and Offshore.

By End User;

Oil and Gas Companies, Service Providers, Research & Development Institutions, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn248039320 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Gas Injected Enhanced Oil Recovery Market (USD Million), 2021 - 2031

In the year 2024, the Global Gas Injected Enhanced Oil Recovery Market was valued at USD 21102.97 million. The size of this market is expected to increase to USD 29694.00 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.

The global gas-injected enhanced oil recovery (EOR) market is poised for significant growth as the oil and gas industry seeks innovative methods to maximize production from mature oil fields. Gas-injected EOR, also known as gas flooding, involves the injection of gases such as natural gas, carbon dioxide (CO2), or nitrogen into oil reservoirs to enhance oil recovery rates. This technique has gained traction as operators look for cost-effective and environmentally sustainable ways to extract additional oil from reservoirs that have reached their natural production decline phase.

One of the primary drivers behind the growth of the global gas-injected EOR market is the increasing demand for oil coupled with the depletion of conventional oil reserves. As traditional oil fields mature, their natural pressure declines, leading to reduced oil production rates. Gas-injected EOR techniques offer a viable solution to rejuvenate these reservoirs by maintaining reservoir pressure and displacing remaining oil towards production wells. Additionally, rising crude oil prices and advancements in gas injection technologies further incentivize oil and gas companies to invest in gas-injected EOR projects to extract more oil from existing reservoirs.

The growing focus on reducing greenhouse gas emissions and addressing climate change concerns has spurred interest in utilizing carbon capture and storage (CCS) technologies, which are closely associated with gas-injected EOR. By capturing CO2 emissions from industrial sources and injecting them into oil reservoirs for enhanced oil recovery purposes, companies can achieve both environmental benefits and economic gains. This synergy between EOR and CCS presents significant opportunities for the global gas-injected EOR market to expand its footprint in the energy transition landscape while contributing to the efficient utilization of hydrocarbon resources.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By End-User
    4. Market Snapshot, By Region
  4. Global Gas Injected Enhanced Oil Recovery Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Oil Production
        2. Depletion of Conventional Reservoirs
        3. Technological Advancements
        4. Government Support and Incentives
        5. Environmental Concerns
      2. Restraints
        1. High Initial Investment
        2. Technical Challenges
        3. Market Volatility
        4. Infrastructure Limitations
        5. Environmental and Social Risks
      3. Opportunities
        1. Growing Adoption of Carbon Capture and Storage
        2. Expansion of Unconventional Resources
        3. Technological Innovation
        4. Strategic Collaborations and Partnerships
        5. Emerging Markets
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Gas Injected Enhanced Oil Recovery Market, By Type, 2021 - 2031 (USD Million)

      1. CO2/N2 Gas Injection
      2. CO2/CH4 Gas Injection
      3. Other
    2. Global Gas Injected Enhanced Oil Recovery Market, By Application, 2021 - 2031 (USD Million

      1. Onshore
      2. Offshore
    3. Global Gas Injected Enhanced Oil Recovery Market, By Geography, 2021 - 2031 (USD Million)

      1. Oil and Gas Companies
      2. Service Providers
      3. Research & Development Institutions
      4. Others
    4. Global Gas Injected Enhanced Oil Recovery Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ExxonMobil Corporation
      2. Chevron Corporation
      3. Royal Dutch Shell plc
      4. BP plc
      5. ConocoPhillips
      6. Occidental Petroleum Corporation
      7. TotalEnergies SE
      8. Equinor ASA
      9. CNOOC Limited
      10. Petrobras
  7. Analyst Views
  8. Future Outlook of the Market