There are numerous techniques to recover the oil from well at different levels such as primary level recovery, secondary level recovery, and tertiary level recovery. Microbial enhanced oil recovery is a tertiary oil recovery technique used for additional or improve recovery of trapped oil from the well.
Microbial enhanced oil recovery technique would result in the increment of oil production and can also degrade heavy oils into lighter ones, which will act as an alternative approach to desulfurization technique, which makes fuel lighter by removing sulfur and removes heavy metal.
Increasing demand for oil and natural gas is driving growth of the microbial enhanced oil recovery market. As growth of microbial enhanced oil recovery market is dependent on oil consumption, long term consumption security will ensure steady growth of microbial enhanced oil recovery market. According to the Organization of the Petroleum Exporting Countries (OPEC), the global oil consumption increased from 104 mboe/d to 268 mboe/d, an increase of 157% over the period 1970 to 2013. This rapid increase has been attributed to increasing consumption in emerging economies of India, China, and ASEAN. Furthermore, according to the OPEC, oil consumption increased by 49% from 268 mboe/d in 2013, to 399 mboe/d by 2040.
- This report provides in-depth analysis of microbial enhanced oil recovery market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new Injection launches or approval, regional outlook, and competitive strategies adopted by the leading players
- It profiles leading players in the global microbial enhanced oil recovery market based on the following parameters – company overview, financial performance, microbial enhanced oil recovery portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include National Energy Services Reunited Corp., Micro-Bac International Inc., RAM Biochemical, Inc., Titan Oil Recovery, Inc., Chemiphase Ltd., ConocoPhillips Company and Microbial Energy Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future microbial enhanced oil recovery launch, technology up-gradation, market expansion, and marketing tactics
- The global microbial enhanced oil recovery market report caters to various stakeholders in this industry including investors, suppliers, microbial enhanced oil recovery manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the microbial enhanced oil recovery market.
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- Cyclic Microbial Recovery
- Microbial Flooding Recovery
- Microbial Selective Plugging
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- Interfacial Tension Reduction
- Emulsification and De-emulsification
- Selective Plugging
- Wettability Alteration
- Gas Production
- Bio Degradation
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- North America
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC
- Israel
- Rest of Middle East
- Africa
- South Africa
- Central Africa
- North Africa
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- National Energy Services Reunited Corp.
- Micro-Bac International Inc.
- RAM Biochemical, Inc.
- Titan Oil Recovery, Inc.
- Chemiphase Ltd.
- ConocoPhillips Company
- Microbial Energy Inc.
