Market Highlights

Due to the increasing demand for global energy and rise in need for fuel to support the needs of the growing world population, there is increased requirement for oil to satisfy the demand. Recent fluctuations in the oil prices and demand for cost effective and environmentally safe oil recovery process are extremely crucial for the oil industry to meet the growing demand. MEOR are extremely cost effective, proven technologies that can result in ... Read more

22 November 2018 -

The global Microbial Enhanced Oil Recovery (MEOR) Market is estimated to be worth USD 1.32 billion by 2024 driven by the depleting levels of recoverable crude oil in existing wells. The increasing depth at which crude oil can be extracted coupled with the limited technology for ... Read more

Microbial Enhanced Oil Recovery (MEOR) is a technology involved in manipulating structure and function of microbial environment in oil reservoirs with the ultimate aim of increasing economic gain recovering oil from the porous media. It is considered tertiary oil recovery method as it only partially recovers the residual oil. MEOR incorporates knowledge of various disciplines including geology, microbiology, petroleum engineering, chemistry and fluid mechanics. An intelligence report titled ... Read more