Global Enhanced Oil Recovery Market Is Grow at a CAGR of 7.1% and Expected to Reach USD 41.35 Billion by 2026 from USD 22.23 Billion in 2017
Global Enhanced Oil Recovery Market is accounted for $22.23billion in 2017 and is expected to reach $41.35 billion by 2026 growing at a CAGR of 7.1% during the forecast period. Factors such as increasing number of mature oil fields worldwide, rising depletion in oil reserves and technological advancements are propelling the market growth. However, high cost incurred in the procedure, technical and operational issues are hindering the market growth. Moreover, focus on heavy oil reservoirs provides opportunities for the market...
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