Enhanced oil recovery (abbreviated EOR) is the implementation of various techniques for increasing the amount of crude oil that can be extracted from an oil field. Enhanced oil recovery is also called tertiary recovery (as opposed to primary and secondary recovery).
Increasing number of aged wells coupled with the rising oil demand globally are the key factors for market growth.
The Enhanced Oil Recovery (EOR) market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Enhanced Oil Recovery (EOR).