The Global Enhanced Oil Recovery Market is expected to reach a value of more than USD 99 billion, exhibiting a CAGR of 5.89% by the end of the review period. Enhanced oil recovery (EOR), also known as tertiary recovery, is a process for extracting oil that has not already been retrieved through the primary or secondary oil recovery techniques. Unlike primary and secondary oil recovery process, which use pressure differential between the surface and the underground well, the enhanced oil recovery operates by altering the chemical composition of the oil itself in order to make it easier to extract. This process can recover 30-60% or more oil at the reservoir site, thus increasing the oil recovery by up to 15%.
February, 2020 | Price:
$ 5600 $ 4500
The Global Oil & Gas Drilling Tools Market is estimated to reach USD 2.23 Billion in 2024 at a CAGR of 4.7%. Increase in shale gas exploration and increasing technological capabilities of drillers is expected to drive the oil & gas drilling tools market during the forecast period. However, high maintenance cost , highly volatile oil prices, and stringent government regulations against offshore drilling activities is expected to restrain the market during the forecast period. Development of deep-water oil and gas fields is expected to become an opportunity for oil & gas drilling tools market.
November, 2019 | Price:
$ 5600 $ 4500