According to the latest report by IMARC Group, titled “Enhanced Oil Recovery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022 to 2027,” the global enhanced oil recovery market size reached a value of US$ 49.84 Billion in 2021. Enhanced oil recovery (EOR) is the process of extracting oil from wells that have already undergone primary and secondary oil recovery stages. It is increasingly employed to enhance the ability of oil to flow to a well by changing the physical properties of the oil or by the additional usage of water, chemicals or gases. Also known as th…

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