Enhanced Oil Recovery Market Worth $59.4 billion by 2025 - Exclusive Report by MarketsandMarkets™
The rising number of mature fields in North America and the Middle East, along with rising primary energy demand from the Asia Pacific, are the driving factors for the Enhanced Oil Recovery Market, globally.
- The rising number of mature fields in North America and the Middle East, along with rising primary energy demand from the Asia Pacific, are the driving factors for the Enhanced Oil Recovery Market, globally.
- Technological developments in advancements in shale oil & gas reserve development, production from oil sand, and deep-water drilling have led oil & gas production across regions, which creates opportunities for growth of the market.
- The thermal EOR segment is expected to dominate the Enhanced Oil Recovery Market, by technology, during the forecast period.
- Itis mainly used in heavy oil reservoirs to recover several billion barrels of heavy crude oil.