Global Enhanced Oil Recovery Market is estimated to be US$ 82.37 billion by 2030 with a CAGR of 6.8%
Global Enhanced Oil Recovery Market accounted for US$ 42.77 billion in 2020 and is estimated to be US$ 82.37 billion by 2030 and is anticipated to register a CAGR of 6.8%. By injecting water, chemicals, or gases into the reservoir or modifying the physical qualities of the oil, enhanced oil recovery (EOR) procedures improve the capacity of oil to flow to a well. After primary and secondary production, the ultimate goal is to create additional amounts of oil that are left over. Thermal, chemical, and miscible EOR procedures are also available. By increasing oil displacement efficiency and volumetric sweep efficiency, EOR procedures are designed to recover oil left after primary and secondary recoveries.
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