The microbial enhanced oil recovery involves the use of microorganisms in a reservoir for improving the oil recovery, these microorganisms are either injected into the reservoir or the population of existing microorganisms in the reservoir is enhanced by injecting nutrients according to the microorganisms. It is the tertiary recovery process that involves the application of different thermal, chemical, and microbial processes to recover an additional 7–15% of the original oil in place allowing the partial recovery or residual of oil and thus increasing the life of mature oil reservoirs. The microorganisms work on the oil recovery by ground and reservoir method. This microbial enhanced oil recovery is done for the purpose like gas production, emulsification, and de-emulsification, interfacial tension reduction, biodegradation, etc.
|Unit||Value (USD Million)|
|Key Companies Profiled||DuPont de Nemours, Inc. (United States), Genome Prairie Inc. (Canada), Titan Oil Recovery, Inc. (United States), Royal Dutch Shell PLC (Netherlands), Equinor ASA (Norway), Chemiphase Ltd (United Kingdom), RAM Biochemicals, Inc. (United States), Micro-Bac International Inc. (United States) and ONGC TERI Biotech Limited (India)|
This growth is primarily driven by Need for Improved Oil Recovery from Reservoirs and Demand for Economically Feasible Production Rate of Gass Production.
Globally, a noticeable market trend is evident Continuous Research and Development in Microbial Enhanced Oil Recovery
Major Manufacturers, such as DuPont de Nemours, Inc. (United States), Genome Prairie Inc. (Canada), Titan Oil Recovery, Inc. (United States), Royal Dutch Shell PLC (Netherlands), Equinor ASA (Norway), Chemiphase Ltd (United Kingdom), RAM Biochemicals, Inc. (United States), Micro-Bac International Inc. (United States) and ONGC TERI Biotech Limited (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
"The U.S. Environmental Protection Agency regulates EOR under the Safe Drinking Water Act (SDWA) Underground Injection Control (UIC) Program. Established in 1980, the UIC program is a necessary part of oil and gas regulation in the United States. EOR activities are regulated under the UIC Class II Program because they involve the injection of fluids into the subsurface to increase oil production."
Continuous Research and Development in Microbial Enhanced Oil Recovery and High Biotechnology is Being Used in the Investigation
Market Growth Drivers:
Need for Improved Oil Recovery from Reservoirs and Demand for Economically Feasible Production Rate of Gass Production
Adherence to Regulatory Standards and Technical Complexities Involved in Microbial Enhanced Oil Recovery
Environmental Risks Associated with Microbial Enhanced Oil Recovery and Price Fluctuation in Petroleum and Oil Industry
Increasing Government Spendings on Oil and Gas Industry and Technological Advancements in Petroleum Refining Engineering
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Microbial Enhanced Oil Recovery Market
- Analysis about New Entrants in Microbial Enhanced Oil Recovery Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Microbial Enhanced Oil Recovery Study Sheds Light on
The Microbial Enhanced Oil Recovery Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Microbial Enhanced Oil Recovery industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Microbial Enhanced Oil Recovery industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.