Zion Market Research Global Enhanced Oil Recovery Market, 2016–2024 | Page 2

Enhanced Oil Recovery Market
Zion Market Research, the market research group announced the analysis report titled
‘Enhanced Oil Recovery Market: Global Industry Analysis, Size, Share, Growth, Trends, and
Forecasts 2016–2024'
Global Enhanced Oil Recovery Market by Overview: The enhanced oil recovery is a
technique utilized to remove crude oil which cannot be extracted with the conventional
methodologies from the oil reservoirs. It is also known as the tertiary recovery procedure as
it is carried out after the primary oil recovery and secondary oil recovery. The primary
techniques used in the enhanced oil recovery include gas injection, microbial injection,
chemical injection, and thermal injection. The thermal recovery technology is widely chosen
technique for improving the extraction of oil. The thermal recovery is performed via a
reserve heating and fire & steam flooding. Steam or heat is established into the well to
decrease the oil viscosity. Thus, rising demand for the enhanced oil recovery around the
globe is expected to augment the market growth in the coming period.
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oil-recovery-market
Global Enhanced Oil Recovery Market by Growth Factors: The prominent factors
responsible for fueling the global enhanced oil recovery market are the amplifying gap
between the requirement of oil around the world and its production. Furthermore, the rising
requirement of crude oil, elevated recovery rates, increasing numeral of mature oil wells,