Press Release / Computer / Enhanced Oil Recovery Market Future Demand & Growth Analysis with Forecast up to 2024

Enhanced Oil Recovery Market Future Demand & Growth Analysis with Forecast up to 2024

Oil production is parted into three parts: primary, secondary and tertiary, which is known as Enhanced Oil Recovery (EOR).

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Enhanced Oil Recovery Market: Analysis
Primary oil recovery is limited to hydrocarbons that naturally rise to the surface, or those that use artificial lift devices, such as pump jacks. The global enhanced oil recovery market is estimated and forecasted in terms of volume (M bbl) and revenue (USD million) generated by the market for the forecast period up to 2024.

New technologies are being developed in the market such as chemical enhanced oil recovery to reduce the cost of oil recovery. However, government initiatives toward adoption of oil recovery technology coupled with stringent government regulations are a restraining factor hindering the growth of this market.

Enhanced Oil Recovery Market Segmentation:
EOR Market divided by Technology:-
• Gas
• Thermal
• Chemical and Others

EOR Market divided by Application:-
Oil recovery market is segmented into:
• Onshore
• Offshore

EOR Market divided by Geography:-
• North America
• Europe
• Asia Pacific and Rest of the World.


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Key Players of Enhanced Oil Recovery Industry:
Halliburton, National Aluminium Company, Total, ConocoPhillips, Schlumberger, Baker Hughes, Statoil, Occidental Petroleum, Lukoil, Denbury Resources, Exxon Mobil, Royal Dutch Shell, Praxair Technology, Husky Energy, Wintershall, Cenovus Energy, British Petroleum, Chevron, Kinder Morgan, China National Petroleum, Titan Oil Recovery, ADNOC and Canadian Natural Resources.

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