Enhanced Oil Recovery Market Revenue to Be Pegged at a Mammoth USD 140 Billion by 2024 Fueled by the Rising Oil Extraction Activities in the Developed Economies
With the growing number of mature oil fields across the globe, enhanced oil recovery market seems to have gained a remarkable impetus in recent years. It would be prudent to mention that out of the three processes involved in oil recovery, around 40% of the oil is recovered through primary and secondary processes, while the remaining oil is extracted using tertiary or enhanced recovery. It is estimated by the Energy Information Administration that the demand for petroleum and other liquid...
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