The Global EOR Industry is expected to be a major driver for maintaining oil production in mature oil reserves with upcoming EOR projects in important petroleum reservoirs of the world.

The market for Global EOR industry is driven majorly by crude oil consumption which in turn depends on the oil production from proved oil reserves and the recovery rate. These recoverable oil volumes depend on the applications of EOR methods such as Thermal EOR, Gas EOR and Chemical EOR. Nowadays, the lifetime of reservoirs are increased through tertiary recovery which includes different enhanced oil recovery methods. Injecting chemicals, gas or steam into an oilfield which can make the oil flows more easily to operating wells, are the three methods use in enhanced oil recovery methods. These methods are used to increase the amount of oil that can be extracted from an oil field after the primary and secondary production stages.

The Global EOR industry is going to witness growth in coming years on account of rising crude oil demand from emerging economies of the world fueled by expansion crude oil consumption of industrial sectors and refineries. The surge in EOR market value is going to be majorly driven by the expected increase in recovery rate of oil. The major characteristics of Global EOR industry solely depends on the portfolio of mature oil reservoirs and unconventional petroleum reserves existing in important potential regions and the respective investments into the establishments of EOR projects.

The report from Ken Research titled ‘Global EOR Industry Outlook to 2018 – EOR Applications in Mature Oil Reserves to Drive the Industry Growth’ provides detailed overview on the Global EOR industry and its pertinent market factors and helps readers to identify the major project profiles in the Global EOR industry and anticipated developments in future due to increased focus of global major oil companies in leveraging the unrecoverable proved vast oil reserves globally. The report will assist petroleum industry consultants, global & domestic natural gas companies and new market players willing to enter the EOR industry by aligning their market centric strategies through gaining perspectives from this comprehensive report on Global EOR industry.