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Middle East Enhanced Oil Recovery (EOR) Market

Middle East Enhanced Oil Recovery (EOR) Market By Application (Onshore, Offshore); By Technology (Thermal, Gas Injection, Chemical, Others); By Region – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
Middle East Enhanced Oil Recovery (EOR) Market Size 2024	USD 1,041.26 million
Middle East Enhanced Oil Recovery (EOR) Market, CAGR	4.66%
Middle East Enhanced Oil Recovery (EOR) Market Size 2032	USD 1,498.86 million

Market Overview

The Middle East Enhanced Oil Recovery (EOR) Market is projected to grow from USD 1,041.26 million in 2024 to an estimated USD 1,498.86 million by 2032, with a compound annual growth rate (CAGR) of 4.66% from 2025 to 2032. This growth is driven by the increasing need for efficient oil extraction techniques as conventional reservoirs mature and demand for oil remains strong in the region.

Key drivers of the market include the rising demand for crude oil, particularly in energy-intensive sectors, and the advancement of EOR technologies such as CO2 injection, thermal recovery, and chemical injection. The Middle East’s large oil reserves and the growing focus on sustainable and cost-effective extraction methods are propelling the adoption of enhanced recovery techniques. Additionally, the region’s oil companies are increasingly investing in EOR to maximize oil recovery from mature fields, ensuring the continued productivity of their oil assets.

Geographically, the Middle East remains a major hub for EOR activities, with countries like Saudi Arabia, UAE, and Kuwait leading the market. These nations have large-scale oil reserves and are expected to continue driving the market’s expansion. Key players in the market include national oil companies such as Saudi Aramco, ADNOC, and Kuwait Oil Company, alongside international oil companies and service providers like Halliburton and Schlumberger, who play pivotal roles in providing EOR technologies and solutions.

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Market Insights

The Middle East EOR market is projected to grow from USD 1,041.26 million in 2024 to USD 1,498.86 million by 2032, with a CAGR of 4.66% from 2025 to 2032.
Increasing demand for crude oil and technological advancements, such as CO2 injection, thermal recovery, and chemical injection, are propelling market growth.
High operational and capital costs associated with implementing advanced EOR technologies remain a key challenge, limiting widespread adoption.
Saudi Arabia, UAE, and Kuwait dominate the market, with their large oil reserves and investments in EOR technologies playing a crucial role in market expansion.
Innovation in EOR techniques, particularly CO2 injection and chemical flooding, is enhancing recovery rates, driving investment in research and development.
The growing emphasis on sustainable extraction methods, including carbon capture and storage (CCS), is accelerating the adoption of EOR technologies in the region.
National oil companies (NOCs) are receiving governmental support through favorable policies and incentives aimed at optimizing oil recovery from mature fields using EOR methods.

Report Scope

This report segments the Middle East Enhanced Oil Recovery (EOR) market as follows:

Market Drivers

Declining Production from Conventional Oil Fields

The Middle East is home to some of the largest conventional oil fields in the world. For instance, Saudi Arabia’s Ghawar field, the largest conventional oil field globally, has seen a decline in production rates, with estimates suggesting a drop from 5 million barrels per day in 2010 to around 3.8 million barrels per day in recent years. As these fields mature, their production rates begin to decline, necessitating the adoption of enhanced oil recovery (EOR) techniques to prolong their life and maintain production levels. Conventional extraction methods, such as primary and secondary recovery, are often unable to efficiently extract remaining oil in mature reservoirs. EOR technologies, including CO2 injection, thermal recovery, and chemical flooding, offer effective solutions to overcome these challenges by accessing and recovering the trapped oil that traditional methods cannot reach. For example, CO2 injection has been successfully implemented in Oman’s Amal field, improving recovery rates by up to 20%. As the Middle East’s oil fields age, the need for EOR methods to maintain production becomes increasingly critical, driving the growth of the EOR market in the region.

Rising Energy Demand and Oil Price Volatility

The growing demand for oil in the global energy market, combined with fluctuations in oil prices, has made it imperative for Middle Eastern oil producers to maximize recovery from existing fields. EOR plays a key role in addressing this need by allowing producers to extract additional oil from mature fields, which would otherwise remain untapped. The volatility in oil prices encourages oil companies in the region to focus on cost-effective methods of oil extraction, including EOR. For instance, during periods of low oil prices, the implementation of CO2 injection in Abu Dhabi’s fields has reduced operational costs by up to 15%. As oil prices rise, the profitability of implementing EOR technologies increases, making it a financially viable solution for operators looking to maintain or boost production levels. Conversely, during periods of low oil prices, the need for more efficient recovery techniques becomes even more important, as companies aim to minimize costs and maximize output from existing reserves.

Technological Advancements and Innovation in EOR Methods

Continuous innovation and advancements in EOR technologies are among the key drivers of market growth. New techniques and improvements in existing technologies have significantly enhanced the efficiency of oil recovery, making EOR increasingly attractive for Middle Eastern oil producers. For instance, advancements in CO2 injection methods have improved the effectiveness of this EOR technique, enabling producers to recover oil from deep reservoirs that were previously inaccessible. Similarly, innovations in thermal recovery techniques, such as steam-assisted gravity drainage (SAGD), have demonstrated greater efficiency in heavy oil and bitumen extraction. Additionally, advancements in chemical EOR, using polymers, surfactants, and alkaline solutions, have shown promising results in boosting oil recovery rates, especially in reservoirs with low permeability. The development of these technologis enhances the economic viability of EOR, encouraging oil producers in the Middle East to adopt them to extract additional oil from existing fields.

Government Policies and Support for Sustainable Oil Production

Governments in the Middle East, especially those in Saudi Arabia, the UAE, and Kuwait, recognize the importance of maintaining oil production at high levels to ensure long-term economic stability. With the majority of the region’s revenues reliant on oil exports, these governments are investing in advanced technologies, including EOR, to maintain production and extend the lifespan of their oil fields. In addition to direct investments, many governments are offering incentives and favorable policies to encourage the use of EOR techniques. For example, tax breaks, subsidies for technology deployment, and funding for research and development in oil recovery technologies are part of the strategic initiatives implemented by national oil companies (NOCs) and their partners. These supportive government policies not only make EOR more accessible and cost-effective but also provide the necessary framework for its growth in the region. Furthermore, as the Middle East seeks to balance economic growth with sustainability, EOR technologies help in optimizing resource use, which aligns with the region’s broader goals of maximizing the efficiency and sustainability of oil production.

Market Trends

Increased Adoption of CO2 Injection Technology

CO2 injection has become one of the most widely adopted enhanced oil recovery methods in the Middle East, driven by its effectiveness in improving oil recovery from mature and depleted reservoirs. This technique involves injecting CO2 into reservoirs to reduce the viscosity of the oil and enhance its flow. For instance, the International Energy Agency (IEA) reported that CO2-EOR techniques have the potential to store between 60 and 240 gigatonnes of CO2 globally, while also enhancing oil recovery. In the Middle East, countries like Saudi Arabia and the UAE are increasingly implementing CO2 injection as part of their strategy to boost production from aging fields. Additionally, Saudi Aramco has been actively involved in CO2 injection projects, demonstrating the region’s commitment to integrating carbon capture and storage (CCS) with EOR to mitigate greenhouse gas emissions while enhancing oil recovery. As the demand for sustainable oil extraction methods grows, CO2 injection is likely to play a central role in the region’s EOR landscape, supporting long-term oil production goals.

Shift Toward Digitalization and Smart Oil Fields

The Middle East is witnessing a shift towards the digitalization of oil fields, with more oil companies adopting smart technologies to optimize EOR operations. This trend includes the use of advanced sensors, real-time data analytics, and artificial intelligence (AI) to enhance the efficiency of oil recovery techniques. For instance, ADNOC (Abu Dhabi National Oil Company) has implemented AI-driven reservoir management systems to optimize production and reduce operational costs. Smart oil fields are equipped with digital monitoring systems that provide operators with real-time insights into reservoir conditions, enabling them to make more informed decisions about EOR applications. By leveraging digital tools, oil companies can better predict reservoir behavior, optimize injection rates, and reduce the environmental impact of EOR activities. The growing emphasis on automation and predictive analytics also helps minimize operational risks, reduce costs, and improve overall productivity. As the region continues to prioritize technological innovation, the adoption of smart oil fields is expected to become a major trend in the EOR market, particularly in countries with extensive oil reserves like Saudi Arabia, Kuwait, and the UAE.

Focus on Sustainability and Reduced Environmental Impact

The Middle East is placing increasing importance on sustainable oil extraction methods, and this is reflected in the growing adoption of EOR technologies that minimize environmental impact. As the region seeks to maintain its position as a global oil producer, the oil and gas industry is focusing on methods that not only maximize recovery but also reduce carbon emissions and environmental harm. EOR methods such as CO2 injection and steam-assisted gravity drainage (SAGD) are being adopted with a focus on reducing the carbon footprint of oil production. Furthermore, the region is exploring the integration of renewable energy sources, such as solar and wind, to power EOR operations, aligning with broader efforts to transition towards a more sustainable energy mix. The push for sustainability is also reflected in government policies aimed at promoting environmentally responsible practices in the oil and gas sector. As the region looks to balance economic growth with environmental responsibility, sustainable EOR practices are set to be a key trend in the Middle East.

Expansion of EOR in Heavy and Unconventional Oil Fields

The Middle East is increasingly focusing on the development of heavy and unconventional oil fields, which require specialized EOR techniques due to the complex nature of the reservoirs. Countries like Saudi Arabia and the UAE are investing heavily in EOR technologies such as thermal recovery and chemical injection to unlock the potential of these challenging oil reserves. Thermal recovery methods, such as steam injection, are being deployed to extract heavier oils that are typically more difficult to recover using conventional methods. Similarly, chemical EOR methods are being used to improve oil recovery in low-permeability reservoirs, which are abundant in the region. The shift towards unconventional oil fields is a direct response to the declining production from conventional fields, making EOR a critical tool for ensuring the continued profitability of these assets. As the Middle East diversifies its oil extraction techniques, the trend toward utilizing EOR in unconventional and heavy oil fields is expected to grow significantly in the coming years.

Market Challenges

High Operational and Capital Costs

One of the primary challenges facing the Middle East Enhanced Oil Recovery (EOR) market is the high operational and capital costs associated with implementing advanced EOR technologies. Techniques such as CO2 injection, thermal recovery, and chemical flooding require substantial investments in infrastructure, equipment, and ongoing operational expenses. For instance, CO2 injection necessitates the construction of specialized pipelines to transport CO2 to oil fields, which can be costly and logistically challenging, particularly in remote regions. Additionally, the energy-intensive nature of thermal recovery methods like steam-assisted gravity drainage (SAGD) results in high operational costs, particularly in terms of energy consumption and water usage. The large-scale application of these technologies also requires skilled labor and expertise, further increasing costs. While EOR techniques can significantly boost oil recovery rates, the high upfront and ongoing expenses pose a financial burden for oil companies, particularly in a market where oil prices can fluctuate. Consequently, the need for cost-effective EOR solutions that balance enhanced recovery with manageable costs remains a key challenge for the region’s oil producers, who must evaluate the financial feasibility of deploying these technologies on a large scale.

Reservoir Complexity and Uncertainty in Results

The complexity and variability of reservoirs in the Middle East present a significant challenge for the EOR market. Each oil field has unique geological characteristics, which can impact the effectiveness of certain EOR techniques. For instance, reservoirs with highly heterogeneous formations, low permeability, or high water salinity may not respond well to certain EOR methods like chemical injection or CO2 flooding. Additionally, the performance of EOR technologies is difficult to predict and often requires extensive trial and error, leading to uncertainties in both operational outcomes and the overall efficiency of oil recovery. This inherent unpredictability can result in unexpected costs and delays, which complicates long-term planning for oil producers. The lack of a “one-size-fits-all” solution for the diverse range of reservoirs in the region further complicates the adoption of EOR technologies. To address these challenges, oil companies must invest in sophisticated reservoir modeling and simulation technologies, which can help optimize EOR operations but also add to the overall cost. As the region’s oil fields continue to age and the drive for increased recovery intensifies, navigating the complexities of reservoir characteristics while ensuring the successful implementation of EOR remains a critical challenge.

Market Opportunities

Expansion of CO2 Injection and Carbon Capture Initiatives

The Middle East presents significant market opportunities for Enhanced Oil Recovery (EOR) through the expansion of CO2 injection technologies. As the region focuses on sustainable oil production and environmental stewardship, the integration of CO2 injection aligns with both oil recovery objectives and carbon capture goals. Governments and oil companies in the region are increasingly prioritizing the use of CO2 for enhanced recovery while simultaneously addressing their carbon emission reduction targets. CO2 injection not only boosts oil recovery by enhancing fluid mobility in mature reservoirs but also offers a long-term solution for carbon storage, supporting regional initiatives to reduce environmental impact. The Middle East’s substantial oil reserves, combined with advancements in CO2 capture technologies, create an opportunity to scale CO2 injection projects across multiple oil fields. This dual benefit of EOR and carbon sequestration represents a key growth area in the market, attracting investment and fostering technological development.

Development of Unconventional and Heavy Oil Fields

Another substantial opportunity for the Middle East Enhanced Oil Recovery market lies in the development of unconventional and heavy oil fields. The region’s vast reserves of heavy crude and unconventional oil deposits require specialized EOR methods such as thermal recovery and chemical injection to unlock their full potential. As conventional oil fields mature and production declines, oil producers are increasingly turning to these challenging reserves for new production sources. By implementing advanced EOR techniques tailored to the unique characteristics of these unconventional reservoirs, Middle Eastern countries can extend the life of their oil fields and ensure sustained production. This market opportunity is further supported by ongoing technological innovations in EOR methods, positioning the region for continued oil output from otherwise inaccessible reserves.

Market Segmentation Analysis

By Application

The Middle East Enhanced Oil Recovery (EOR) market can be segmented based on application into onshore and offshore operations. Onshore EOR is the dominant segment, accounting for a significant share of the market due to the vast majority of oil reserves in the region being located on land. Countries like Saudi Arabia, Kuwait, and the UAE have numerous large-scale onshore oil fields, many of which are approaching or have already reached maturity. As conventional production techniques become less effective, onshore oil fields are increasingly relying on advanced EOR techniques, such as CO2 injection and thermal recovery, to enhance production from aging reservoirs. Offshore EOR, while smaller in scale, is gaining traction, especially in countries like the UAE and Qatar, which possess sizable offshore oil fields. The offshore segment requires specialized EOR methods due to the unique challenges posed by subsea operations, such as deepwater drilling and complex reservoir conditions. The adoption of EOR technologies in offshore fields is expected to grow as exploration and production activities in the region’s offshore fields intensify.

By Technology

The EOR market in the Middle East is segmented by technology into thermal, gas injection, chemical, and others. Thermal EOR is the most widely used technology in the region, particularly for heavy and viscous oil reserves, which are prevalent in countries like Saudi Arabia and Kuwait. Methods such as steam-assisted gravity drainage (SAGD) and cyclic steam stimulation (CSS) are increasingly being deployed to enhance oil mobility and improve recovery rates. Gas injection, including CO2 and nitrogen injection, is another prominent technology in the region, particularly in mature fields that require the pressure maintenance and fluid displacement that gas injection offers. CO2 injection, in particular, is gaining traction not only as an EOR method but also for its role in carbon capture and storage (CCS), aligning with the region’s growing focus on sustainability. Chemical EOR, which uses chemicals like surfactants, polymers, and alkalis to reduce surface tension and improve oil recovery, is also expanding in use. This technique is particularly effective in reservoirs with low permeability or when conventional methods fail to extract remaining oil. The “others” category includes emerging EOR technologies such as microbial and thermal gas injection, which, although still in the early stages of adoption, present future growth potential in the region.

Segments

Based on Application

Onshore
Offshore

Based on Technology

Thermal
Gas Injection
Chemical
Others

Based on Region

Saudi Arabia
Kuwait
UAE

Regional Analysis

Saudi Arabia (60%)

Saudi Arabia holds the largest market share in the Middle East, accounting for approximately 60% of the region’s EOR market. This dominance is attributed to the country’s vast reserves of conventional and unconventional oil, along with a long history of oil production. Saudi Aramco, the national oil company, has been at the forefront of adopting advanced EOR techniques, particularly CO2 injection and thermal recovery methods. The country’s significant investment in technological innovations, such as smart oil fields and CO2 sequestration, ensures the continued growth of the EOR market. As Saudi Arabia looks to maintain oil production from its aging fields, EOR technologies will play a central role in sustaining output levels in the coming decades.

Kuwait (20%)

Kuwait follows with a market share of approximately 20%, driven by the country’s large-scale oil fields, particularly the Burgan field, one of the largest oil fields globally. Kuwait Oil Company (KOC) has been increasingly focused on EOR methods to extend the life of its mature fields. The use of steam injection and CO2 flooding has been growing, with continued investments in these techniques to maximize recovery rates. Additionally, Kuwait is increasingly investing in the development of heavy oil reserves, which requires the deployment of advanced thermal EOR technologies.

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Key players

Saudi Aramco
Abu Dhabi National Oil Company (ADNOC)
Kuwait Oil Company
Qatar Petroleum
Sonatrach
National Iranian Oil Company (NIOC)
Eni Angola
Sasol Limited
Tullow Oil PLC
Nigerian National Petroleum Corporation (NNPC)

Competitive Analysis

The Middle East Enhanced Oil Recovery (EOR) market is highly competitive, with several prominent players leading the sector. Saudi Aramco, as the largest national oil company, holds a dominant position, driving technological advancements in EOR, particularly through CO2 injection and thermal recovery methods. Abu Dhabi National Oil Company (ADNOC) is another key competitor, leveraging its extensive offshore reserves to deploy cutting-edge EOR technologies like gas injection. Kuwait Oil Company is also a significant player, focusing on the development of thermal EOR techniques to enhance recovery from its aging fields, particularly the Burgan field. Other competitors like Qatar Petroleum and Sonatrach are investing in innovative EOR solutions to extend the life of their large, mature oil fields. Global players like Eni Angola and Sasol Limited bring expertise in EOR technologies from their international operations, further intensifying competition in the region. The competitive landscape is shaped by continued technological innovations, government policies, and the strategic priorities of national oil companies across the region.

Recent Developments

In April 2025, Shell and SLB (formerly Schlumberger) announced a partnership to deploy Petrel subsurface software across Shell’s assets worldwide. This collaboration aims to enhance digital capabilities and drive operating cost efficiencies, potentially impacting EOR projects.

In April 2025, Eni confirmed a significant oil discovery at the Capricornus 1-X well in Namibia’s Orange Basin. The well found 38 meters of net pay with good petrophysical properties, indicating potential for future EOR applications.

In 2024, TotalEnergies reported a 23% increase in net electricity production and invested $4 billion in Integrated Power. This growth contributed to lowering the lifecycle carbon intensity of the company’s energy products sold by 16.5% in 2024 compared to 2015, aligning with its sustainability and climate objectives.

In March 2025, Equinor announced plans to drill 600 improved oil recovery wells and about 250 exploration wells to maintain production on the Norwegian Continental Shelf towards 2035.

In January 2025, OMV continued its Enhanced Oil Recovery program with carbon dioxide injection on Ivanić and Žutica fields.

In April 2025, MOL Group continued its EOR program with CO₂ injection on Ivanić and Žutica fields, and installed a new steam turbine at the Molve plant to decrease electrical energy purchase and reduce CO₂ emissions.

Market Concentration and Characteristics

The Middle East Enhanced Oil Recovery (EOR) market is characterized by a relatively high level of concentration, with a few key players, primarily national oil companies (NOCs) such as Saudi Aramco, ADNOC, and Kuwait Oil Company, dominating the market. These companies control a significant share of the region’s oil reserves and are heavily invested in deploying advanced EOR techniques to maximize the recovery from their mature fields. The market is marked by large-scale investments in state-of-the-art EOR technologies, including CO2 injection, thermal recovery, and chemical flooding. Additionally, the growing emphasis on sustainability and the integration of carbon capture and storage (CCS) solutions are key features of the market. The region’s oil operators face the challenge of maintaining or increasing production levels from aging oil fields, and as a result, they are turning to EOR technologies as a long-term strategy to prolong the life of their reservoirs. The competitive landscape is shaped by both NOCs and international oil companies (IOCs) contributing their expertise and resources to enhance oil recovery across the region.

Report Coverage

The research report offers an in-depth analysis based on Application, Technology and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

CO2 injection will remain a key driver of the market, as oil producers leverage it not only for enhanced recovery but also for carbon sequestration, aligning with sustainability goals.

The market will see further innovations in EOR techniques, particularly in smart technologies and real-time data analytics, improving the efficiency and effectiveness of recovery processes.

As part of the push for sustainability, oil companies will increasingly integrate renewable energy sources like solar and wind to power EOR operations, reducing environmental impact.

With conventional oil fields maturing, the focus will shift toward extracting oil from unconventional reserves, requiring specialized EOR methods like thermal and chemical flooding.

Offshore oil fields will see greater use of EOR techniques such as gas injection and CO2 flooding, as countries like the UAE and Qatar intensify their offshore production efforts.

Governments in the region will implement stricter regulations on carbon emissions, pushing companies to adopt more sustainable EOR technologies, such as CO2 injection and steam-assisted gravity drainage (SAGD).

The demand for chemical EOR will rise, especially for surfactants and polymers, as producers target fields with low permeability or complex reservoir conditions that require chemical assistance for recovery.

The collaboration between national oil companies (NOCs) and international oil companies (IOCs) will expand, combining resources and expertise to implement advanced EOR solutions across the region’s vast oil reserves.

The future of the EOR market will be increasingly digital, with the integration of AI, machine learning, and IoT technologies to optimize reservoir management and enhance the decision-making process.

Investment in research and development for new and improved EOR technologies will surge, focusing on increasing recovery rates and reducing costs, ensuring long-term viability in an increasingly competitive market.

CHAPTER NO. 1 : INTRODUCTION 18

1.1.1. Report Description 18

Purpose of the Report 18

USP & Key Offerings 18

1.1.2. Key Benefits for Stakeholders 18

1.1.3. Target Audience 19

1.1.4. Report Scope 19

CHAPTER NO. 2 : EXECUTIVE SUMMARY 20

2.1. Enhanced Oil Recovery Market Snapshot 20

2.1.1. Middle East & Africa Enhanced Oil Recovery Market, 2018 – 2032 (USD Million) 21

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 22

3.1. Russia-Ukraine and Israel-Palestine War Impacts 22

CHAPTER NO. 4 : ENHANCED OIL RECOVERY MARKET – INDUSTRY ANALYSIS 23

4.1. Introduction 23

4.2. Market Drivers 24

4.2.1. Rising global demand for crude oil 24

4.2.2. Advancements in EOR technologies improving efficiency and reducing costs 25

4.3. Market Restraints 26

4.3.1. High operational costs associated with EOR implementation 26

4.4. Market Opportunities 27

4.4.1. Increasing exploration activities in offshore oil fields 27

4.5. Porter’s Five Forces Analysis 28

4.6. Buying Criteria 29

CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 30

5.1. Import Analysis by Middle East & Africa 30

5.1.1. Middle East & Africa Enhanced Oil Recovery Market Import Volume/Revenue, By Middle East & Africa, 2018 – 2023 30

5.2. Export Analysis by Middle East & Africa 31

5.2.1. Middle East & Africa Enhanced Oil Recovery Market Export Volume/Revenue, By Middle East & Africa, 2018 – 2023 31

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 32

6.1. Demand Analysis by Middle East & Africa 32

6.1.1. Middle East & Africa Enhanced Oil Recovery Market Demand Volume/Revenue, By Middle East & Africa, 2018 – 2023 32

6.2. Supply Analysis by Middle East & Africa 33

6.2.1. Middle East & Africa Enhanced Oil Recovery Market Supply Volume/Revenue, By Middle East & Africa, 2018 – 2023 33

CHAPTER NO. 7 : PRODUCTION ANALYSIS 34

7.1. Production Analysis by Middle East & Africa 34

7.1.1. Middle East & Africa Enhanced Oil Recovery Market Production Volume/Revenue, By Middle East & Africa, 2018 – 2023 34

CHAPTER NO. 8 : PRICE ANALYSIS 35

8.1. Price Analysis by Type 35

8.1.1. Middle East & Africa Enhanced Oil Recovery Market Price, By Type, 2018 – 2023 35

8.1.2. Middle East & Africa Type Market Price, By Type, 2018 – 2023 35

CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 36

9.1. Key Raw Materials and Suppliers 36

9.2. Key Raw Materials Price Trend 36

CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 37

10.1. Manufacturing Cost Analysis 37

10.2. Manufacturing Process 37

CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 38

11.1. Company Market Share Analysis – 2023 38

11.2. Value Chain Analysis 38

11.2.1. Middle East & Africa Enhanced Oil Recovery Market: Company Market Share, by Volume, 2023 39

11.2.2. Middle East & Africa Enhanced Oil Recovery Market: Company Market Share, by Revenue, 2023 40

11.2.3. Middle East & Africa Enhanced Oil Recovery Market: Top 6 Company Market Share, by Revenue, 2023 40

11.2.4. Middle East & Africa Enhanced Oil Recovery Market: Top 3 Company Market Share, by Revenue, 2023 41

11.3. Middle East & Africa Enhanced Oil Recovery Market Company Volume Market Share, 2023 42

11.4. Middle East & Africa Enhanced Oil Recovery Market Company Revenue Market Share, 2023 43

11.5. Company Assessment Metrics, 2023 43

11.5.1. Stars 43

11.5.2. Emerging Leaders 43

11.5.3. Pervasive Players 43

11.5.4. Participants 43

11.6. Start-ups /SMEs Assessment Metrics, 2023 43

11.6.1. Progressive Companies 43

11.6.2. Responsive Companies 44

11.6.3. Dynamic Companies 44

11.6.4. Starting Blocks 44

11.7. Strategic Developments 45

11.7.1. Acquisitions & Mergers 45

New Product Launch 45

Middle East & Africa Expansion 45

11.8. Key Players Product Matrix 46

CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 47

12.1. PESTEL 47

12.1.1. Political Factors 47

12.1.2. Economic Factors 47

12.1.3. Social Factors 47

12.1.4. Technological Factors 47

12.1.5. Environmental Factors 47

12.1.6. Legal Factors 47

12.2. Adjacent Market Analysis 47

CHAPTER NO. 13 : ENHANCED OIL RECOVERY MARKET – BY APPLICATION SEGMENT ANALYSIS 48

13.1. Enhanced Oil Recovery Market Overview, by Application Segment 48

13.1.1. Enhanced Oil Recovery Market Revenue Share, By Application, 2023 & 2032 49

13.1.2. Enhanced Oil Recovery Market Attractiveness Analysis, By Application 50

13.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 50

13.1.4. Enhanced Oil Recovery Market Revenue, By Application, 2018, 2023, 2027 & 2032 51

13.2. Onshore 52

13.3. Offshore 53

CHAPTER NO. 14 : ENHANCED OIL RECOVERY MARKET – BY TECHNOLOGY SEGMENT ANALYSIS 54

14.1. Enhanced Oil Recovery Market Overview, by Technology Segment 54

14.1.1. Enhanced Oil Recovery Market Revenue Share, By Technology, 2023 & 2032 55

14.1.2. Enhanced Oil Recovery Market Attractiveness Analysis, By Technology 56

14.1.3. Incremental Revenue Growth Opportunity, by Technology, 2024 – 2032 56

14.1.4. Enhanced Oil Recovery Market Revenue, By Technology, 2018, 2023, 2027 & 2032 57

14.2. Thermal 58

14.3. Gas Injection 59

14.4. Chemical 60

14.5. Others 61

CHAPTER NO. 15 : ENHANCED OIL RECOVERY MARKET – MIDDLE EAST & AFRICA ANALYSIS 62

15.1. Application 62

15.1.1. Middle East & Africa Enhanced Oil Recovery Market Revenue, By Application, 2018 – 2023 (USD Million) 62

15.1.2. Middle East & Africa Enhanced Oil Recovery Market Revenue, By Application, 2024 – 2032 (USD Million) 62

15.2. Technology 63

15.2.1. Middle East & Africa Enhanced Oil Recovery Market Revenue, By Technology, 2018 – 2023 (USD Million) 63

15.2.2. Middle East & Africa Enhanced Oil Recovery Market Revenue, By Technology, 2024 – 2032 (USD Million) 63

15.3. Saudi Arabia 63

15.4. United Arab Emirates (UAE) 63

15.5. Kuwait 63

15.6. Qatar 63

15.7. Iran 63

15.8. Egypt 63

15.9. Rest of Middle East & Africa 63

CHAPTER NO. 16 : COMPANY PROFILES 64

16.1. Saudi Aramco 64

16.1.1. Company Overview 64

16.1.2. Product Portfolio 64

16.1.3. Swot Analysis 64

16.1.4. Business Strategy 65

16.1.5. Financial Overview 65

16.2. Abu Dhabi National Oil Company (ADNOC) 66

16.3. Kuwait Oil Company 66

16.4. Qatar Petroleum 66

16.5. Sonatrach 66

16.6. National Iranian Oil Company (NIOC) 66

16.7. Eni Angola 66

16.8. Sasol Limited 66

16.9. Tullow Oil PLC 66

16.10. Nigerian National Petroleum Corporation (NNPC) 66

List of Figures

FIG NO. 1. Middle East & Africa Enhanced Oil Recovery Market Revenue, 2018 – 2032 (USD Million) 21

FIG NO. 2. Porter’s Five Forces Analysis for Middle East & Africa Enhanced Oil Recovery Market 28

FIG NO. 3. Middle East & Africa Enhanced Oil Recovery Market Import Volume/Revenue, By Middle East & Africa, 2018 – 2023 30

FIG NO. 4. Middle East & Africa Enhanced Oil Recovery Market Export Volume/Revenue, By Middle East & Africa, 2018 – 2023 31

FIG NO. 5. Middle East & Africa Enhanced Oil Recovery Market Demand Volume/Revenue, By Middle East & Africa, 2018 – 2023 32

FIG NO. 6. Middle East & Africa Enhanced Oil Recovery Market Supply Volume/Revenue, By Middle East & Africa, 2018 – 2023 33

FIG NO. 7. Middle East & Africa Enhanced Oil Recovery Market Production Volume/Revenue, By Middle East & Africa, 2018 – 2023 34

FIG NO. 8. Middle East & Africa Enhanced Oil Recovery Market Price, By Type, 2018 – 2023 35

FIG NO. 9. Raw Materials Price Trend Analysis, 2018 – 2023 36

FIG NO. 10. Manufacturing Cost Analysis 37

FIG NO. 11. Manufacturing Process 37

FIG NO. 12. Value Chain Analysis for Middle East & Africa Enhanced Oil Recovery Market 38

FIG NO. 13. Company Share Analysis, 2023 39

FIG NO. 14. Company Share Analysis, 2023 40

FIG NO. 15. Company Share Analysis, 2023 40

FIG NO. 16. Company Share Analysis, 2023 41

FIG NO. 17. Enhanced Oil Recovery Market – Company Volume Market Share, 2023 42

FIG NO. 18. Enhanced Oil Recovery Market – Company Revenue Market Share, 2023 43

FIG NO. 19. Enhanced Oil Recovery Market Revenue Share, By Application, 2023 & 2032 49

FIG NO. 20. Market Attractiveness Analysis, By Application 50

FIG NO. 21. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 50

FIG NO. 22. Enhanced Oil Recovery Market Revenue, By Application, 2018, 2023, 2027 & 2032 51

FIG NO. 23. Middle East & Africa Enhanced Oil Recovery Market for Onshore, Revenue (USD Million) 2018 – 2032 52

FIG NO. 24. Middle East & Africa Enhanced Oil Recovery Market for Offshore, Revenue (USD Million) 2018 – 2032 53

FIG NO. 25. Enhanced Oil Recovery Market Revenue Share, By Technology, 2023 & 2032 55

FIG NO. 26. Market Attractiveness Analysis, By Technology 56

FIG NO. 27. Incremental Revenue Growth Opportunity by Technology, 2024 – 2032 56

FIG NO. 28. Enhanced Oil Recovery Market Revenue, By Technology, 2018, 2023, 2027 & 2032 57

FIG NO. 29. Middle East & Africa Enhanced Oil Recovery Market for Thermal, Revenue (USD Million) 2018 – 2032 58

FIG NO. 30. Middle East & Africa Enhanced Oil Recovery Market for Gas Injection, Revenue (USD Million) 2018 – 2032 59

FIG NO. 31. Middle East & Africa Enhanced Oil Recovery Market for Chemical, Revenue (USD Million) 2018 – 2032 60

FIG NO. 32. Middle East & Africa Enhanced Oil Recovery Market for Others, Revenue (USD Million) 2018 – 2032 61

List of Tables

TABLE NO. 1. : Middle East & Africa Enhanced Oil Recovery Market: Snapshot 20

TABLE NO. 2. : Drivers for the Enhanced Oil Recovery Market: Impact Analysis 24

TABLE NO. 3. : Restraints for the Enhanced Oil Recovery Market: Impact Analysis 26

TABLE NO. 4. : Middle East & Africa Enhanced Oil Recovery Market Revenue, By Type, 2018 – 2023 35

TABLE NO. 5. : Key Raw Materials & Suppliers 36

TABLE NO. 6. : Middle East & Africa Enhanced Oil Recovery Market Revenue, By Application, 2018 – 2023 (USD Million) 62

TABLE NO. 7. : Middle East & Africa Enhanced Oil Recovery Market Revenue, By Application, 2024 – 2032 (USD Million) 62

TABLE NO. 8. : Middle East & Africa Enhanced Oil Recovery Market Revenue, By Technology, 2018 – 2023 (USD Million) 63

TABLE NO. 9. : Middle East & Africa Enhanced Oil Recovery Market Revenue, By Technology, 2024 – 2032 (USD Million) 63

Frequently Asked Questions

What is the market size of the Middle East Enhanced Oil Recovery (EOR) market in 2023 and 2032?

The Middle East EOR market is projected to reach USD 1,041.26 million in 2024 and grow to USD 1,498.86 million by 2032, with a compound annual growth rate (CAGR) of 4.66% from 2025 to 2032.

What are the key drivers of the Middle East EOR market?

Key drivers include the increasing demand for oil, the advancement of EOR technologies like CO2 injection and thermal recovery, and the need for more efficient extraction methods as conventional reservoirs mature.

What EOR technologies are being adopted in the Middle East?

The region is adopting advanced EOR techniques, such as CO2 injection, thermal recovery, and chemical injection, to enhance oil recovery from mature and complex reservoirs.

What role do national oil companies play in the EOR market?

National oil companies like Saudi Aramco, ADNOC, and Kuwait Oil Company are major contributors to the market, driving EOR adoption and implementation in the region’s vast oil fields.

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