U.S. enhanced oil recovery market value by technology 2014-2025

The total market value of enhanced oil recovery (EOR) in the United States is forecast to amount to nearly 20.4 million U.S. dollars worldwide in 2025. Of that amount, gas injection EOR is expected to account for approximately 13.1 billion U.S. dollars of the market value. EOR, also known as tertiary recovery, is the process of increasing the amount of oil recovered from a reservoir. This is usually done by injecting a substance in an oil well in order to increase pressure and reduce oil viscosity.

Market value of enhanced oil recovery in the United States from 2014 to 2025, by technology

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Sources

Release date

June 2019

Region

United States

Survey time period

2018

Supplementary notes

*Forecast.

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