Microbial Enhanced Oil Recovery Market | CAGR of 20% Estimated during 2018-2022 | Key Players Profiles and Application Forecast

Microbial Enhanced Oil Recovery Global Market – Overview
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 enhanced oil recovery from the aging global oil infrastructure wells. The micro-organisms are introduced into the wells and they improve the oil recovery by releasing gases and increasing the pressure of the wells. They also reduce the viscosity of the oil by breaking the heavier molecules into smaller chain molecules. This results in easy recovery of oil from aging oil wells and increase their operating life span and thereby reducing capital investment compared to conventional projects. The market is expected to grow at a rate of CAGR 20% during the forecast period of 2014 to 2022.

Advantages of using MEOR process in residual oil recovery
Microbial enhanced oil recovery is the process of using microorganisms in a reservoir to improve oil recovery. This is mainly done to extract the residual oil from the oil reservoirs with low cost and reduced impact on environment. One of the primary applications of MEOR process is the production of bio-surfactants which is capable of reducing the surface and interfacial tension between liquids, solids and gases. This allows the mix or to disperse readily as emulsions in water or other liquids. These bio-surfactants are non-toxic and bio degradable. Also they are extremely capable of performing at high temperatures or pH when compared to their chemical counterparts. They also have application in agriculture, cosmetics, pharmaceuticals, detergents, personal care products, food processing, textile manufacturing, laundry supplies, metal treatment and processing, pulp and paper processing and paint industries.

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Microbial enhanced oil recovery Global Market - Competitive Analysis
The global market for microbial enhanced oil recovery is on a verge of phenomenal growth. To maintain the market position and to drive the market growth, all key players are actively anticipated to undertake microbial enhanced oil recovery methodology over the ageing and depleting oil field s across the globe. Market leaders are innovating continuously and increasingly seeking operational expansion through developed & restructured MEOR techniques. Collaborative research between the technology developers and oil rig operators will be creating a lucrative market for microbial enhanced oil recovery in near future.

Industry News
In November, 2017 – Genome Canada announced five new projects that will receive funding under the Genome Canada and Social Science and Humanities Research Council (SSHRC) Joint Initiative on Societal Implications of Genomics Research. The overall objective of the Genome Canada-SSHRC joint initiative is to support social sciences and humanities research and related activities that will enrich our understanding of the societal implications of genomic research.

In March, 2017 – E I Du Pont De Nemours and Company Issued Patent for Controlling Bioavailability of Nutrient Additions in Subsurface Formations for Microbial Enhanced Oil Recovery (MEOR).

Prominent Players
Statoil ASA (Norway), BP (U.K), Titan Oil Recovery, Inc. (U.S), Chemiphase Ltd, (U.K), Genome Prairie (Canada), Glori Energy Inc.(U.S), and E. I. du Pont de Nemours and Company (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Microbial Enhanced Oil Recovery Market.

Table of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations

2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model

3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Microbial Enhanced Oil Recovery Market, By Injection Type
Continue……….

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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
Continue…….

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