Microbial Enhanced Oil Recovery Market Analysis

  • Report ID: 3824
  • Published Date: Apr 13, 2023
  • Report Format: PDF, PPT

Microbial Enhanced Oil Recovery Market Analysis

Well Type (Onshore, offshore)

The global microbial enhanced oil recovery (MEOR) market is segmented and analyzed for demand and supply by well type into onshore, and offshore. Out of the two types of well types, the onshore segment is estimated to gain the largest market share of about ~59% in the year 2035. The primary factor for market growth is the increased number of onshore oil rigs as compared to offshore oil rigs present over the oil. For instance, it was calculated that at the end of 2021, there were 1,300 operational onshore oil rigs, compared with 200 offshore rigs across the world. Furthermore, the availability of oil is more in onshore wells owing to which, more investors are propelled more invest in onshore wells. Also, in onshore wells, oilfield chemicals are easily available which is considered to contribute positively to segment growth during the forecast period.

Mechanism (In-Situ, Ex-Situ)

The global microbial enhanced oil recovery (MEOR) market is also segmented and analyzed for demand and supply by mechanism into an in-situ mechanism, ex-situ mechanism, and others. Amongst these two segments, the in-situ mechanism segment is expected to garner a significant share of around ~46% in the year 2035. In-situ mechanism, there is a generation of gases, acids, biopolymers, and others owing to the stimulation of different indigenous bacteria under appropriate reservoir conditions. Also, the in-situ mechanism involves the utilization of microbial growth and metabolism in the reservoir. All these advantages of the in-situ mechanism are anticipated to aid the expansion of segment growth.

Our in-depth analysis of the global market includes the following segments:

         By Bacterial Injection

  • Cyclic MEOR
  • Microbial Flooding
  • Feeding Existing Bacteria

        By Mechanism

  • In-Situ Mechanism
  • Ex-Situ Mechanism
  • Others

        By Application

  • Interfacial Tension Reduction
  • Emulsification & De-emulsification
  • Selective Plugging
  • Wettability Alternation
  • Gas Production
  • Bio Degradation

         By Well Type

  • Onshore
  • Offshore

        By Type

  • Ground Method
  • Reservoir Method
Get more information on this report: Request Free Sample PDF

Author Credits:  Dhruv Bhatia

  • Report ID: 3824
  • Published Date: Apr 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the market growth are the increasing number of mature wells across the globe, and the growing demand for cleaner sources for extracting oil.

The market size of microbial enhanced oil recovery (MEOR) is anticipated to attain a CAGR of ~20% over the forecast period, i.e., 2023-2035.

Growing adoption of renewable sources of energy is estimated to hamper the market growth.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are DuPont De Nemours Inc., BP Plc, Chemiphase Ltd., Environmental BioTechnologies Inc., Equinor ASA, Micro-Bac International Inc., ONGC TERI Biotech Ltd., RAM Biochemicals Inc., Titan Oil Recovery Inc., Qyrin Petroleum Technology, and other key players.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by bacterial injection, type, mechanism, application, well type, and by region.

The bacterial flooding segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Inquiry Before Buying Request Free Sample

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying