Tag Archives: Enhanced Oil Recovery

Depleting Oil Reserves are Accelerating the Demand for Enhanced Oil Recovery

The global Enhanced Oil Recovery (EOR) market is anticipated to grow at a CAGR of 6.9% during the forecast period (2024-2031). The market growth is driven by the rising global energy demand, owing to population expansion, industrialization, and urban development. Additionally, the rising concern of depleting conventional oil reserves is increasing reliance on EOR techniques […]