Enhanced Oil Recovery Market Is Estimated To Exhibit At USD 76.78 Billion By 2030
San Francisco, 5 Dec 2023: The Report Enhanced Oil Recovery Market Size, Share & Trends Analysis Report By Technology (Thermal, CO2 Injection, Chemical), By Application (Onshore, Offshore), By Region, And Segment Forecasts, 2022 - 2030 The global enhanced oil recovery market size is expected to reach USD 76.78 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.8% from 2022 to 2030. A growing number of aging wells witnessing declining production rates, coupled with rising government investment in research and development activities, is likely to drive the market for enhanced oil recovery (EOR) over the forecast period. Increasing technological advancements are enabling E&P companies to revive old wells and thus attain optimum production. This trend is estimated to positively influence the EOR industry landscape. The increasing number of mature wells and significant investment in R&D activities for new