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Enhanced Oil Recovery Market to ‘More than Triple by 2020’

Although enhanced oil recovery (EOR) currently accounts for merely 7.5 percent of total crude oil production in North America, the market is expected to grow rapidly — from revenues of $20.10 billion in 2014 to an estimated $70.60 billion in 2020 — as oil fields deplete and oil extraction becomes more complex, according to new analysis from … Read more »