Enhanced Oil Recovery Market Outlook, Global Opportunity & Growth Analysis Till 2023by Deepak Kumar Sr. SEO Executive
Read summary of market report here : https://www.psmarketresearch.com/market-analysis/enhanced-oil-recovery-market
Crude oil can be obtained from reservoirs by three different phases, primary, secondary and tertiary (enhanced) recovery. Primary recovery is due to the natural pressure of the reservoir that drives oil into the wellbore or it can also be done with the help of artificial lift techniques which brings oil to the surface.
Gas enhanced oil recovery is expected to increase in the coming years due to various reasons such as increase in oil recovery and disposal of greenhouse gas. Gases used in gas enhanced oil recovery technique are nitrogen, and hydrogen. Carbon dioxide released by power generation and industrial sector into the atmosphere is utilized in gas enhanced oil recovery technique to extract crude oil.
Some of the factors driving the growth of the enhanced oil recovery market are reinforcing existing reserves, increase in energy demand, increasing number of mature oil fields, and demand and supply scenario of crude oil. The market is also driven by world’s tightening oil supply, resulting in increasing demand and advancements in chemical enhanced oil recovery technology.
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Created on May 7th 2018 05:48. Viewed 223 times.