MICROBIAL ENHANCED OIL RECOVERY MARKET ANALYSIS
Global Microbial Enhanced Oil Recovery Market – Insights
Microbial enhanced oil recovery is a tertiary oil recovery technique used for additional or improve recovery of trapped oil from the well. The microbes used in microbial EOR techniques are biodegradable and therefore are considered environment friendly, as compared to other enhanced oil recovery techniques. This has resulted in an acceptance of this technology, worldwide.
The microbial enhanced oil recovery market is expected to gain significant traction, owing to rising R&D activities and deployment of projects on microbial enhanced oil recovery, globally. For instance, in 2018, ConocoPhillips along with its partners BP, Chevron, and Shell, deployed offshore Clair Ridge enhanced oil recovery project based on the principle of low salinity water injection.
Figure 1. Global Microbial Enhanced Oil Recovery Market Share (%), By Injection Type, 2017
Source: Coherent Market Insights, 2017-18
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