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Follow on Google News | Aarkstore Enterprise--EOR Enhanced Oil Recovery Worldwide Market Research AggregatorAarkstore announce a new report "EOR Enhanced Oil Recovery Worldwide" through its vast collection of market research report.
Enhanced oil recovery (EOR), also referred to as improved oil recovery or tertiary oil recovery, is most often achieved by injecting a liquid or gas into an oil reservoir, thereby lowering oil viscosity and increasing the amount of oil available for production. Some of the more common EOR methods include CO2-EOR, thermal EOR and chemical EOR. Microbial EOR and seismic EOR also hold a strong niche in the EOR market. While only about 10% - 30% of oil is typically extracted by conventional oil production processes, EOR methods can enhance these recovery rates by an additional 5% to 20%, on a conservative average. The global market for EOR, estimated at nearly $62.5 billion (for barrels of crude oil) for 2009, has shown exciting growth since 2005, when it totaled $3.1 billion. Technological challenges, hazy regulations, and costly implementation have often kept oil companies from using EOR. However, EOR is quickly becoming more feasible, due to rising government interest and investment, new technologies, and increased availability of required materials (such as CO2). It is expected EOR will continue to perform extremely well in the world marketplace. The world’s governments’ For more information please visit : http://www.aarkstore.com/ # # # Aarkstore Enterprise specializes in providing business information on market research reports, books, magazines, conference at competitive prices, and strive to provide excellent and innovative service to our customers. End
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