Microbial Enhanced Oil Recovery Market Facts, Figures & Top Key Player | FORECAST 2022.

Microbial Enhanced Oil Recovery Markets Research Report- Forecast to 2022

Microbial Enhanced Oil Recovery Market Facts, Figures & Top Key Player | FORECAST 2022.

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Copyright Š 2018 Market Research Future.

Microbial Enhanced Oil Recovery Markets Research Report- Forecast to 2022

1 Summary The report has been analyzed based on the injection type, applications, well types and regions. Only bacteria’s are used for MEOR process because of their ability to survive extreme conditions present in the reservoir. The small size of the bacteria makes it easy for them to penetrate the reservoirs porous medium.

This enables the bacteria to physically displace oil by growing between oil and selective partial degradation of whole crude oil. They also reduce the interfacial tension between oil and enable to alter wettability to reduce oil viscosity.

Key Players: The key players of Global Microbial Enhanced Oil Recovery Markets are Statoil ASA (Norway), BP (U.K), Titan Oil Recovery, Inc. (U.S), Chemiphase Ltd, (U.K), Genome Prairie (Canada), Glori Energy Inc.(U.S), and E. I. du Pont de Nemours and Company (U.S.).

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Copyright Š 2018 Market Research Future.

Microbial Enhanced Oil Recovery Markets Research Report- Forecast to 2022

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Market Overview: -

Lower crude oil prices in recent years and the ever increasing global need for fuel is driving the market for MEOR process. The North America and Europe region is expected to drive the MEOR market where researchers have identified that the process is applicable to more than 50% of oil wells. Further, Middle East and Africa region is expected to drive the market with increasing oil and gas recovery process from the existing old production wells. In the Asia region, the increased energy consumption in China and India are driving the market for MEOR process. These countries are the largest net importers of oil and gas for their internal energy use which drives the need for increased fuel use. The market is expected to grow at a rate of CAGR 20% during the forecast period of 2014 to 2022.

Intended Audience    

Distributer & Supplier companies End Users Consultants and Investment bankers Government as well as Independent Regulatory Authorities

Product Analysis 

Product matrix which gives a detailed comparison of the market for different recycled product types

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Copyright © 2018 Market Research Future.

Microbial Enhanced Oil Recovery Markets Research Report- Forecast to 2022

Regional Analysis: The increasing global demand for energy and fuel have resulted in increased E&P investment in oil and gas exploration around the world. However, there are many aging oil and gas infrastructure projects from which there is a possibility to extract more oil. Conventional methods used for extraction of oil have very serious environmental concerns and also they are expensive. The other cost effective way of recovering residual oil from aging oil and gas reservoirs is the Microbial Enhanced Oil Recovery technique. It is an enhanced recovery process in which microorganisms are used in a reservoir to improve oil recovery.

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Copyright Š 2018 Market Research Future.

Microbial Enhanced Oil Recovery Markets Research Report- Forecast to 2022

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Copyright Š 2018 Market Research Future.