Los Angeles, CA -- (SBWire) -- 09/20/2018 --This study focuses on the production side and consumption side of Microbial Enhanced Oil Recovery, presents the global Microbial Enhanced Oil Recovery market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
In terms of production side, this report researches the Microbial Enhanced Oil Recovery capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Microbial Enhanced Oil Recovery by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
Microbial Enhanced Oil Recovery (MEOR) is a biological based technology consisting in manipulating function or structure, or both, of microbial environments existing in oil reservoirs. The ultimate aim of MEOR is to improve the recovery of oil entrapped in porous media while increasing economic profits. MEOR is a tertiary oil extraction technology allowing the partial recovery of the commonly residual two-thirds of oil, thus increasing the life of mature oil reservoirs.
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Microbial Enhanced Oil Recovery is widely used in Onshore Oilfield, Offshore Oilfield. The most proportion of Microbial Enhanced Oil Recovery is Onshore Oilfield, and the proportion in 2017 is 83.40%. The trend of dental Onshore Oilfield is increasing.
North America is the largest production region for Microbial Enhanced Oil Recovery, with a market share nearly 29% in 2016. Following North America, Europe is the second largest production region with market share of 24%.
Market is still at very beginning, StatOil, Titan oil recovery, Royal Dutch Shell, BP, ConocoPhillips and DuPont the leaders of the industry, with high-end customers in the industry.
The Microbial Enhanced Oil Recovery market was valued at 520 Million US$ in 2017 and is projected to reach 1130 Million US$ by 2025, at a CAGR of 11.8% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Microbial Enhanced Oil Recovery.
This report includes the following manufacturers; we can also add the other companies as you want.
StatOil
Titan Oil Recovery
Royal Dutch Shell
BP
ConocoPhillips
DuPont
Genome Prairie
Chemiphase
CNPC
Gulf Energy
Market Segment by Product Type
Ground Method
Reservoir Method
Market Segment by Application
Onshore Oilfield
Offshore Oilfield
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Microbial Enhanced Oil Recovery Industry Projected to Reach 1130 Million US$ by 2025- QY Research, Inc.
The Microbial Enhanced Oil Recovery market was valued at 520 Million US$ in 2017 and is projected to reach 1130 Million US$ by 2025, at a CAGR of 11.8% during the forecast period.