Microbial enhanced oil recovery market
Microbial Enhanced Oil Recovery Market, by Injection Type (Cyclic Microbial Recovery, Microbial Flooding Recovery, and Microbial Selective Plugging), by Application (Interfacial Tension Reduction, Emulsification and De-emulsification, Selective Plugging, Wettability Alteration, Gas Production and Bio Degradation), by Well Location (Onshore and Offshore), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026
- Dec 2018
- CMI2354
- 99 Pages
- Excel & Pdf
- Energy
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.
However, due to nascent nature of the microbial EOR, other techniques such as thermal EOR and chemical EOR are used on a larger scale. Enhanced thermal oil recovery method is also called as Steam Assisted Gravity Drainage (SAGD), whereby steam is injected into the reservoir, effectively liquefying the heavy bitumen, which is recovered and pumped to the surface for further processing.
Figure 1. Global Microbial Enhanced Oil Recovery Market Share (%), By Injection Type, 2017
Source: Coherent Market Insights, 2017-18
Asia Pacific is anticipated to witness lucrative growth during the forecast period, owing to the rising imports of crude oil by the emerging economies such as India and China in order to meet the rising demand for crude oil. Moreover, these two economies are highly energy deficient and are reliant on imports. The imports of crude oil are majorly from Middle Eastern and African regions. Currently, Middle East caters to around 50% of China’s imports in 2016. The scenario is expected to sustain, as China struggles to diversify its imports. According to the Government of India, the country imported 109.09 million tons of crude oil from 10 Middle East nations in the 2015-16, which was 59% of the total oil imports.
Growing automobile and petrochemical industries in the region are propelling demand for crude oils. India is focused on diversifying oil imports and plans to reduce its dependence on the Middle East by increasing imports from Africa, as announced by India’s Oil Minister. As growth of microbial enhanced oil recovery market is dependent on oil consumption, long term consumption security ensures steady growth of microbial enhanced oil recovery market.
Onshore segment is expected to gain major traction, owing to increasing demand for high recovery rates from maturing wells, which in turn is expected to favor growth of the microbial enhanced oil recovery market in the near future.
Figure 2. Global Microbial Enhanced Oil Recovery Market Share (%), By Region, 2017
Source: Coherent Market Insights, 2017-18
Key players operating in the global microbial enhanced oil recovery market are adopting various growth strategies such as partnerships & collaborations to expand their business. For instance, in June 2018, SOPAN, a player in the oil & gas sector in India, signed a service agreement with Titan Oil Recovery Inc. for providing organic oil recovery (OOR) solutions to the Indian oil production industry. Another collaboration by the same company in March, 2018, with Hunting PLC aimed to add organic oil recovery (OOR) to its list of TEK-Hub products and technologies focused on enhancing production.
Key players operating in the global microbial enhanced oil recovery market 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.
Table of Contents
- Research Objective and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Injection Type
- Market Snippet By Application
- Market Snippet By Well Location
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New Product Approvals/Launches
- Promotion and Marketing Initiatives
- Cost Tier Down Analysis
- Global Microbial Enhanced Oil Recovery Market, By Injection Type, 2018- 2026 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, 2018 - 2026
- Segment Trends
- Cyclic Microbial Recovery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million)
- Microbial Flooding Recovery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million)
- Microbial Flooding Recovery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million)
- Global Microbial Enhanced Oil Recovery Market, By Application, 2018- 2026 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, 2018 - 2026
- Segment Trends
- Interfacial Tension Reduction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million)
- Emulsification and De-emulsification
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million)
- Selective Plugging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million)
- Wettability Alteration
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million)
- Gas Production
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million)
- Gas Production
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million)
- Bio Degradation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million)
- Global Microbial Enhanced Oil Recovery Market, By Well Location, 2018- 2026 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, 2018 - 2026
- Segment Trends
- Onshore
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million)
- Offshore
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million)
- Global Microbial Enhanced Oil Recovery Market, By Region, 2018- 2026 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, For Regions, 2018 - 2026
- North America
- Market Share Analysis, By Country, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2026
- U.S.
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- Canada
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- Europe
- Market Share Analysis, By Country, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2026
- U.K.
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- Germany
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- Italy
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- France
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- Russia
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- Asia Pacific
- Market Share Analysis, By Country, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2026
- China
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- India
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- Japan
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- ASEAN
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- Australia
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- South Korea
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- Latin America
- Market Share Analysis, By Country, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2026
- Brazil
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- Mexico
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- Rest of Latin America
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- Middle East
- Market Share Analysis, By Country, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2026
- GCC
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- Israel
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- Rest of Middle East
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- Africa
- Market Share Analysis, By Country, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2026
- Northern Africa
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- Central Africa
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- South Africa
- Country Trends
- Market Size and Forecast, By Injection Type, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Application, 2018- 2026 (US$ Million)
- Market Size and Forecast, By Well Location, 2018- 2026 (US$ Million)
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- National Energy Services Reunited Corp.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Micro-Bac International Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- RAM Biochemicals, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Microbial Energy Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Titan Oil Recovery, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Chemiphase Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- ConocoPhillips Company
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
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