Market Research Future - Premium Research Reports Microbial Enhanced Oil Recovery Market 2014-2022

Microbial Enhanced Oil Recovery Market Estimated to Grow at a CAGR of 20% from 2014 to 2022 Market Synopsis of Microbial Enhanced Oil Recovery: Market Overview: Market Research Future published a half cooked research report on Global Microbial Enhanced Oil Recovery Market. The Microbial Enhanced Oil Recovery (MEOR) Market is expected to grow over the CAGR of around 20 % during the period 2014 to 2022. The Growth of the Microbial Enhanced Oil Recovery (MEOR) Market is majorly driven by increased aging oil and gas reservoirs around the world. The MEOR process in low cost and extremely environmental friendly in recovering the oil when compared to traditional counterparts. The market is further driven by the requirement to meet climate change targets and the obligation to reduce CO 2 emissions from the reservoir operations. Recent decrease in crude oil prices have further enabled global oil and gas exploration companies to adopt to using MEOR. However, the growth of this market can be restrained by the cost of the degradation of oil in reservoir, bacterial corrosion and constant development that is needed to update the technology. Global Microbial Enhanced Oil Recovery Market - Key Players: The key players of Global Microbial Enhanced Oil Recovery Market are:  Statoil ASA (Norway)  BP (U.K)  Titan Oil Recovery, Inc. (U.S)  Chemiphase Ltd, (U.K)  Genome Prairie (Canada) Tel: [phone] [email protected]