In this article, you will explore 5 new companies innovating in enhanced oil recovery (EOR). These companies introduce solutions such as direct air capture, sustainable EOR methods, and technologies supporting a low carbon transition. Each company is driving significant progress in their respective areas. The featured solutions demonstrate diverse approaches to improving efficiency, reducing environmental impact, and transitioning to low carbon methods. The last update of this report was 5 days ago. If you spot incomplete or incorrect info, please let us know.
Continue reading to gain up-to-date and data-driven insights on:
- Profiles of 5 Emerging Enhanced Oil Recovery Solutions
- How to Scout Top Enhanced Oil Recovery Solutions Easily
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Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the enhanced oil recovery industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Current Enhanced Oil Recovery Trends: Some of the major trends impacting the enhanced oil recovery industry are digital twin technology, AI-driven analytics, autonomous robots, real-time monitoring, and carbon capture integration.
- Enhanced Oil Recovery Industry Stats: The sector comprises 2.2K+ organizations worldwide. Out of these, 110+ new oil recovery companies were founded in the last five years, witnessing 2020 as the average founding year. On average, each of these companies employs about 15 people. Moreover, the average funding received by these 110+ oil recovery companies per round in the same span is USD 21.3 million.
- 5 New Enhanced Oil Recovery Solutions to Watch:
- CNERGREEN – Nanoparticle-based Oil Recovery
- Envorem – Sustainable Oily Sludge Disposal
- EOR ETC – Sustainable EOR
- Oilify – EOR Re-Completion System
- Huron Clean Energy – CO2 for EOR
Discover 5 out of 110+ Emerging Enhanced Oil Recovery Solutions
In this section, we spotlight 5 new companies innovating in enhanced oil recovery (EOR). These entities focus on low carbon transition, sustainable oily sludge disposal, sustainable EOR methods, and direct air capture. They integrate advanced technologies and innovative approaches to improve efficiency and reduce environmental impact. Their solutions leverage new techniques and materials to address industry challenges. Read on to explore many more innovative solutions that these companies offer!
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. It gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. CNERGREEN
- Founding Year: 2019
- Employee Range: 2-10
- Location: Canada
- Signal Strength: Very Strong
- What they do: CNERGREEN offers nanoparticle-based foams for enhanced oil recovery. The company’s ArmorFoam improves sweep efficiency during CO2, water, and gas floods to enhance oil recovery. It is highly stable in harsh reservoir conditions like high salinity and temperatures. The technology adapts foam formulations to each reservoir to optimize viscosity and stability. This reduces carbon intensity in oil production.
2. Envorem
- Founding Year: 2019
- Employee Range: 2-10
- Location: UK
- Signal Strength: Strong
- What they do: Envorem provides eco-friendly technology for recycling oily sludge and contaminated soil. It is a mobile containerized system that converts sludge into reusable oil, water, and non-hazardous solids. The company’s process recovers oil in the C5-C40 range. It handles feedstock oil sludge content, water content, or solids content to produce recyclable oil and clean solids, suitable for backfill, and water as output. Oil production companies and maritime industries reduce CO2 emissions using this eco-friendly thermal treatment.
3. EOR ETC
- Founding Year: 2019
- Employee Range: 2-10
- Location: USA
- Signal Strength: Weak
- What they do: EOR ETC develops technology for unconventional shale reservoirs. This EOR solution features a small-footprint, skid-based unit that reduces surface facility requirements and compression needs. EOR ETC’s co-injection method uses produced gas and surfactant-laden water to reduce reservoir re-pressurization time and improve oil recovery. The technology accelerates time-to-production while offering rapid scalability and modular configuration. This allows oil and gas companies to reduce costs, environmental impacts, and operational risks.
4. Oilify
- Founding Year: 2020
- Employee Range: 2-10
- Location: USA
- Signal Strength: Medium
- What they do: Oilify provides an enhanced huff and puff (HnP) cyclic gas injection downhole completion system. This EOR re-completion system recovers more oil from existing wells while maintaining lower relative costs and a smaller carbon footprint compared to new wells. Additionally, the company utilizes composite materials to avoid metal limitations like corrosion and susceptibility to wear.
5. Huron Clean Energy
- Founding Year: 2018
- Employee Range: 11-50
- Location: Canada
- Signal Strength: Strong
- What they do: Huron Clean Energy utilizes direct air capture (DAC) technology to capture carbon dioxide. The captured CO2 is delivered as a purified, compressed gas for enhanced oil recovery (EOR). This process supports sustainable oil recovery while reducing atmospheric CO2.
Quick Tip to Find New Enhanced Oil Recovery Solutions
Utilizing a SaaS platform like the Discovery Platform for identifying new enhanced oil recovery solutions provides significant benefits compared to traditional scouting methods:
- Increased Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying enhanced oil recovery innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the enhanced oil recovery industry. The platform keeps you informed with near real-time updates on emerging enhanced oil recovery solutions and news, enabling you to make swift and informed decisions.
- Precise Scouting: Customize your search to focus on specific niches within the enhanced oil recovery sector, such as nanotech-based oil recovery, sustainable EOR methods, or carbon capture-powered oil recovery. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Ready to Explore All New Enhanced Oil Recovery Solutions?
We’ve explored the dynamic landscape of the oil and gas industry, examining the latest trends and spotlighting exceptional companies driving innovation. To dive deeper, download our free Oil & Gas Report or schedule a demo of the Discovery Platform for a customized exploration of these groundbreaking developments. If you’re an expert in startups or emerging tech, we invite you to contribute to our insights.
