Global Microbial Enhanced Oil Recovery Market, By Injection Type (Cyclic Microbial Recovery, Microbi

Published Date: | Report Code : EP1958384

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Growing R&D activities in enhanced oil recovery technologies is expected to drive the growth of microbial enhanced oil recovery market during the forecast period. This has resulted some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Microbial enhanced oil recovery is a biological-based technology that controls the function or structure, or the pair, of microbial settings in oil reservoirs. The ultimate aim of microbial enhanced oil recovery is to improve the recovery of oil entrapped in porous media while increasing economic profits. Microbial enhanced oil recovery is a tertiary oil extraction technology allowing the partial recovery of the commonly residual two-thirds of oil, thus extending the life of mature oil reservoirs.

Microbial enhanced oil recovery works as a solution to the barriers in optimizing oil manufacturing, including elevated petroleum viscosity, rock and reservoir impermeability, and elevated capillary forces retaining oil in wells. The method of microbial enhanced oil recovery utilizes bacteria and their by-products to increase the mobility of oil from the reservoirs. In the oil well, microorganisms are injected that release certain products such as gas, acid, bio-surfactants, exo-polymers and others that are capable of reducing the oil's viscosity and moving the oil to the surface.

Global microbial enhanced oil recovery market is growing with the rising demand for cleaner sources for extracting oil, increasing number of mature wells globally, and recovering prices of crude oil. Also, increasing opposition and strict regulations against chemical extraction of oil are the factors boosting the demand for global microbial enhanced oil recovery market. Additionally, continuous developments in end use industry coupled with growing demand for exploration and production expenditure in oil industry will fuel the growth for global microbial enhanced oil recovery market.

Key Factors Impacting Market Growth:

  • Demand for oil globally

  • Recovering prices of crude oil

  • Rising investments in shale industry

  • Growing R&D activities in enhanced oil recovery technologies

  • Uncertainties associated with low crude oil prices

Regional Analysis:

The regional outlook for microbial enhanced oil recovery market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for microbial enhanced oil recovery market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of microbial enhanced oil recovery market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on.

Asia Pacific is estimated one of the fastest growing regions for microbial enhanced oil recovery market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: RAM Biochemicals, Weatherford International, Occidental petroleum, Synthetic Genomics, Titan Oil Recovery, BP. National Oilwell Varco, Inc., Halliburton, Wintershall, Genome Prairie, Glori Energy Inc., Chemiphase Ltd., National Energy Services Reunited Corp., Micro-Bac International Inc., Gulf Energy Saoc, Environmental Biotechnologies, Ongc Teri Biotech Limited, Ram Biochemicals, and Microbial Energy...

Market Segmentation:

By Injection Type:

  • Cyclic Microbial Recovery

  • Microbial Flooding Recovery

  • Microbial Selective Plugging

By Well Location:

  • Onshore

  • Offshore

By Application:

  • Interfacial Tension Reduction

  • Emulsification & De-emulsification

  • Selective Plugging

  • Wettability Alteration

  • Gas Production

  • Bio Degradation

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Injection Type

    • By Well Location

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Injection Type

    • By Well Location

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Injection Type

    • By Well Location

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Injection Type

    • By Well Location

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Injection Type

    • By Well Location

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Injection Type

    • By Well Location

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global microbial enhanced oil recovery market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

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