Enhanced oil recovery (EOR) or tertial recovery is the extraction process of crude oil from an oilfield. It is known for producing more than 30% of the reservior’s oil. Discovery of new oilfields and advances in techniques for oil extraction can pave the way for oil producers. The energy crunch in major nations and production of carbon dioxide for industrial applications are some of the...

The Enhanced Oil Recovery Market size is projected to reach USD 20.06 billion by 2027, exhibiting a CAGR of 7.5% during the forecast period. Increasing requirement for advanced oil recovery technologies around the world is expected to be the key growth driver for this market, as per the new Fortune Business Insights™ report, titled “Enhanced Oil Recovery...