Microbial Enhanced Oil Recovery Market 2018 Global Industry Analysis by Top Key Players Focusing on Industry Growth Strategies: RAM Biochemicals , Weatherford International, Occidental petroleum, Synthetic Genomics, Titan Oil Recovery

Market Highlights:-

Microbial enhanced oil recovery acts as a solution for the obstacles in the way of optimizing oil production including high viscosity of petroleum, impermeability of the rocks and reservoirs, and high capillary forces that retain the oil in wells. The microbial enhanced oil recovery technique uses bacteria and their by- products for increased mobility of oil from the reservoirs. Microorganisms are injected in the oil well that release certain products like gas, acid, bio-surfactants, exo-polymers and others that are capable to reduce the viscosity of the oil and the oil moves up to the surface.

Microbial enhanced oil recovery market is driven by the facts such as increasing number of mature wells globally, rising demand for cleaner sources for extracting oil, and recovering prices of crude oil. North America and Europe have largest number of mature wells and the largest number of oil companies. This leads to increasing deployment of microbial enhanced oil recovery technique in the oil fields.

Microbial Enhanced Oil Recovery Market Top Key Player:-

The key players of microbial enhanced oil recovery market are National Oilwell Varco, Inc. (U.S.), Halliburton (U.S.), Wintershall (Germany), Genome Prairie (Canada), Glori Energy Inc. (U.S.), RAM Biochemicals (U.S.), Weatherford International (U.S.), Occidental petroleum (U.S.), Synthetic Genomics (U.S.), Titan Oil Recovery (U.S.), and BP (UK). and Chemiphase (UK) are among others.


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Market Segmentations:-

Microbial enhanced oil recovery market has been segmented on basis of bacteria injection, application, well type and region. Based on bacteria injection, the market is classified as cyclic or huff & puff, microbial flooding, and feeding existing bacteria. Among these microbial flooding segment are expected to dominate the market share as the technique provides advantage of continuing production without any pause and water is flooded along with the bacteria. On the basis of application, market is further segmented as Interfacial tension reduction, Emulsification and De-emulsification, Selective plugging, Wettability Alteration, Gas Production, and Bio Degradation. Amongst these applications, interfacial tension reduction segment is the major market share holder. Oil and water have high inter facial tension which can be reduced with help of the microbes. This drives the market for interfacial tension reduction segment.



Table Of Contents:-

LIST OF TABLES:-

TABLE 1 GLOBAL MICROBIAL ENHANCED OIL RECOVERYMARKET, BY TYPE

TABLE 2 GLOBAL MICROBIAL ENHANCED OIL RECOVERYMARKET, BY WELL TYPE

TABLE 3 GLOBAL MICROBIAL ENHANCED OIL RECOVERYMARKET, BY APPLICATION

TABLE 4 GLOBAL MICROBIAL ENHANCED OIL RECOVERYMARKET, BY REGIONS

TABLE 5 NORTH AMERICA MICROBIAL ENHANCED OIL RECOVERY MARKET, BY TYPE

TABLE 6 NORTH AMERICA MICROBIAL ENHANCED OIL RECOVERY MARKET, BY WELL TYPE

TABLE 7 NORTH AMERICA MICROBIAL ENHANCED OIL RECOVERY MARKET, BY APPLICATION

TABLE 8 U.S. MICROBIAL ENHANCED OIL RECOVERY MARKET, BY TYPE

TABLE 9 U.S. MICROBIAL ENHANCED OIL RECOVERY MARKET, BY WELL TYPE

TABLE 10 U.S. MICROBIAL ENHANCED OIL RECOVERY MARKET, BY APPLICATION

To be Continued......

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Regional Analysis:-

North America and Europe region are expected to dominate the market share of the microbial enhanced oil recovery. The oil fields in these regions have reached their peak life and require tertiary methods to recover the untapped oil in the rocks. According to Titan, a major oil company, the microbial EOR technique has potential to increase the success rate of the oil well by 84%. U.S. has been conducting various research and trails projects in the oil fields to find the success rate of implementing the MEOR technique. Asia Pacific and the Middle East region is likely to follow the market share owing to increasing demand for fuel from the growing nations. China and India are net largest importers of crude oil in the world.

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