The growth of the Microbial Enhanced Oil Recovery Market is majorly driven by increased aging oil and gas reservoirs around the world. The MEOR process in low cost and extremely environmental friendly in recovering the oil when compared to traditional counterparts. The market is further driven by the requirement to meet climate change targets and the obligation to reduce CO2 emissions from the reservoir operations. Recent decrease in crude oil prices have further enabled global oil and gas exploration companies to adopt to using MEOR. However, the growth of this market can be restrained by the cost of the degradation of oil in reservoir, bacterial corrosion and constant development that is needed to update the technology.
Global Microbial Enhanced Oil Recovery Market is predicted to grow at approximately 20% by 2022
The key players of Global Microbial Enhanced Oil Recovery Markets are
- Statoil ASA (Norway),
- BP (U.K),
- Titan Oil Recovery, Inc. (U.S),
- Chemiphase Ltd, (U.K),
- Genome Prairie (Canada),
- Glori Energy Inc.(U.S),
- E. I. du Pont de Nemours and Company (U.S.).
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Advantages of using MEOR process in residual oil recovery
Microbial enhanced oil recovery is the process of using microorganisms in a reservoir to improve oil recovery. This is mainly done to extract the residual oil from the oil reservoirs with low cost and reduced impact on environment. One of the primary applications of MEOR process is the production of bio-surfactants which is capable of reducing the surface and interfacial tension between liquids, solids and gases. This allows the mix or to disperse readily as emulsions in water or other liquids. These bio-surfactants are non-toxic and bio degradable. Also they are extremely capable of performing at high temperatures or pH when compared to their chemical counterparts. They also have application in agriculture, cosmetics, pharmaceuticals, detergents, personal care products, food processing, textile manufacturing, laundry supplies, metal treatment and processing, pulp and paper processing and paint industries.
Scope of the Report
This study provides an overview of the Global microbial enhanced oil recovery market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global microbial enhanced oil recovery market by its injection type, application, by well type and by regions.
By Injection Type
- Microbial Flooding,
- Feeding Existing Bacteria,
By Vehicle Type
- Interfacial tension reduction
- Selective Plugging
- Gas production
- Bio Degradation
- Wettability Alteration
- Emulsification and De emulsification
By Well Type
- On shore
- Off Shore
- North America
- Asia Pacific
- Rest of the World
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The report has been analyzed based on the injection type, applications, well types and regions. Only bacteria’s are used for MEOR process because of their ability to survive extreme conditions present in the reservoir. The small size of the bacteria makes it easy for them to penetrate the reservoirs porous medium. This enables the bacteria to physically displace oil by growing between oil and selective partial degradation of whole crude oil. They also reduce the interfacial tension between oil and enable to alter wettability to reduce oil viscosity.
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