Growing Government Support to Enhanced Oil Recovery to Drive Global Market  The global enhanced oil recovery market is expected to exhibit a strong 15.7% CAGR over the forecast period till 2023, according to the latest research report from Market Research Future (MRFR). Enhanced oil recovery methods refer to the method of recovering more oil from existing oil wells. The global...

Market Highlights In the last decade, the oil and gas industry witnessed a decline in new due to a sharp drop in oil prices and the preference of energy shifting from oil to renewable sources of energy. To overcome the cost associated with new oil discoveries and reduce existing operational overhead costs, oilfield operators are looking for new techniques to boost oil production from existing...

Global Enhanced Oil Recovery Market The GMI Research forecasts that the Enhanced Oil Recovery Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the increasing number of old wells along with decreasing production from existing oilfields. Introduction of the Enhanced Oil Recovery Market Enhanced oil recovery (EOR) is a unique technique used by upstream...

Overview: The global market report containing the microbial enhanced oil recovery market has predicted rise by 20% during the forecast period of 2018 to 2023. Market Research Future (MRFR), in its attempt to understand the market, revealed various factors and dynamics that can trigger market growth. Rising offshore exploration activities, growing demand for fuel, demand for cost-effective...