Microbial Enhanced Oil Recovery Market Facts, Figures & Top Key Player | FORECAST 2022.
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<strong>Microbial</strong> <strong>Enhanced</strong> <strong>Oil</strong> <strong>Recovery</strong> <strong>Market</strong>s Research Report- Forecast to 2022<br />
<strong>Microbial</strong> <strong>Enhanced</strong> <strong>Oil</strong><br />
<strong>Recovery</strong> <strong>Market</strong> <strong>Facts</strong>,<br />
<strong>Figures</strong> & <strong>Top</strong> <strong>Key</strong> <strong>Player</strong> |<br />
<strong>FORECAST</strong> <strong>2022.</strong><br />
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Copyright © 2018 <strong>Market</strong> Research Future.
<strong>Microbial</strong> <strong>Enhanced</strong> <strong>Oil</strong> <strong>Recovery</strong> <strong>Market</strong>s Research Report- Forecast to 2022<br />
1 Summary<br />
The report has been analyzed based on the injection type, applications, well types and regions. Only<br />
bacteria’s are used for MEOR process because of their ability to survive extreme conditions present in the<br />
reservoir. The small size of the bacteria makes it easy for them to penetrate the reservoirs porous medium.<br />
This enables the bacteria to physically displace oil by growing between oil and selective partial degradation<br />
of whole crude oil. They also reduce the interfacial tension between oil and enable to alter wettability to<br />
reduce oil viscosity.<br />
<strong>Key</strong> <strong>Player</strong>s:<br />
The key players of Global <strong>Microbial</strong> <strong>Enhanced</strong> <strong>Oil</strong> <strong>Recovery</strong> <strong>Market</strong>s are Statoil ASA (Norway), BP (U.K),<br />
Titan <strong>Oil</strong> <strong>Recovery</strong>, Inc. (U.S), Chemiphase Ltd, (U.K), Genome Prairie (Canada), Glori Energy Inc.(U.S),<br />
and E. I. du Pont de Nemours and Company (U.S.).<br />
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Copyright © 2018 <strong>Market</strong> Research Future.
<strong>Microbial</strong> <strong>Enhanced</strong> <strong>Oil</strong> <strong>Recovery</strong> <strong>Market</strong>s Research Report- Forecast to 2022<br />
2 <strong>Market</strong> Overview: -<br />
Lower crude oil prices in recent years and the ever increasing global need for fuel is driving the market for<br />
MEOR process. The North America and Europe region is expected to drive the MEOR market where<br />
researchers have identified that the process is applicable to more than 50% of oil wells. Further, Middle<br />
East and Africa region is expected to drive the market with increasing oil and gas recovery process from<br />
the existing old production wells. In the Asia region, the increased energy consumption in China and India<br />
are driving the market for MEOR process. These countries are the largest net importers of oil and gas for<br />
their internal energy use which drives the need for increased fuel use. The market is expected to grow at a<br />
rate of CAGR 20% during the forecast period of 2014 to <strong>2022.</strong><br />
Intended Audience<br />
<br />
<br />
<br />
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Distributer & Supplier companies<br />
End Users<br />
Consultants and Investment bankers<br />
Government as well as Independent Regulatory Authorities<br />
Product Analysis<br />
<br />
Product matrix which gives a detailed comparison of the market for different recycled product types<br />
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Copyright © 2018 <strong>Market</strong> Research Future.
<strong>Microbial</strong> <strong>Enhanced</strong> <strong>Oil</strong> <strong>Recovery</strong> <strong>Market</strong>s Research Report- Forecast to 2022<br />
Regional Analysis: -<br />
The increasing global demand for energy and fuel have resulted in increased E&P investment in oil and<br />
gas exploration around the world. However, there are many aging oil and gas infrastructure projects from<br />
which there is a possibility to extract more oil. Conventional methods used for extraction of oil have very<br />
serious environmental concerns and also they are expensive. The other cost effective way of recovering<br />
residual oil from aging oil and gas reservoirs is the <strong>Microbial</strong> <strong>Enhanced</strong> <strong>Oil</strong> <strong>Recovery</strong> technique. It is an<br />
enhanced recovery process in which microorganisms are used in a reservoir to improve oil recovery.<br />
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Copyright © 2018 <strong>Market</strong> Research Future.
<strong>Microbial</strong> <strong>Enhanced</strong> <strong>Oil</strong> <strong>Recovery</strong> <strong>Market</strong>s Research Report- Forecast to 2022<br />
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