Tools commonly used in the Oil Recovery-Enhanced (Manufacturing) industry for day-to-day tasks and operations.

• Gas injection systems
• Chemical injection systems
• Steam generators
• Water treatment systems
• Downhole pumps
• Wellhead control systems
• Reservoir simulation software
• Pressure vessels
• Heat exchangers
• Separators

Common products and services typical of NAICS Code 324110-05, illustrating the main business activities and contributions to the market.

• Gas injection EOR
• Chemical flooding EOR
• Thermal EOR
• Microbial EOR
• CO2 EOR
• Polymer flooding EOR
• Alkaline flooding EOR
• Surfactant flooding EOR
• Steam flooding EOR
• In-situ combustion EOR

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• API Spec Q1: This certification is required for companies that manufacture oil and gas industry equipment and products. It ensures that the company has a quality management system in place that meets API standards. The certification is provided by the American Petroleum Institute (API).
• ISO 14001: This certification is for environmental management systems and ensures that the company has a framework in place to manage its environmental responsibilities. It is provided by the International Organization for Standardization (ISO).
• OSHA 1910.119: This regulation is for process safety management and applies to companies that handle hazardous chemicals. It ensures that the company has a plan in place to manage the risks associated with these chemicals. It is provided by the Occupational Safety and Health Administration (OSHA).
• EPA Spill Prevention, Control, and Countermeasure (SPCC) Plan: This plan is required for facilities that store, handle, or transport oil and petroleum products. It ensures that the company has a plan in place to prevent and respond to oil spills. It is provided by the Environmental Protection Agency (EPA).
• DOT Hazardous Materials Transportation Certification: This certification is required for companies that transport hazardous materials. It ensures that the company has a plan in place to safely transport these materials. It is provided by the Department of Transportation (DOT).

A concise historical narrative of NAICS Code 324110-05 covering global milestones and recent developments within the United States.

• The "Oil Recovery-Enhanced (Manufacturing)" industry has a long history dating back to the early 1900s when the first commercial oil recovery process was developed. The industry has since undergone significant advancements, including the introduction of enhanced oil recovery techniques such as thermal recovery, gas injection, and chemical flooding. These techniques have enabled the industry to extract more oil from existing wells, increasing production and reducing the need for new wells. In recent years, the industry has also seen the development of new technologies such as nanotechnology and robotics, which have further improved the efficiency and effectiveness of oil recovery processes. In the United States, the industry has been shaped by various factors such as government policies, technological advancements, and market demand. For example, the 1970s oil crisis led to increased investment in oil recovery technologies, while the recent shale oil boom has driven demand for enhanced oil recovery techniques to extract oil from unconventional sources.

The anticipated future trajectory of the NAICS 324110-05 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Oil Recovery-Enhanced (Manufacturing) industry in the USA is positive. The industry is expected to grow due to the increasing demand for oil and gas, which is driving the need for enhanced oil recovery techniques. The industry is also expected to benefit from the development of new technologies that make it easier and more cost-effective to extract oil and gas from existing wells. Additionally, the industry is likely to benefit from the increasing focus on sustainability and environmental protection, which is driving the development of new technologies that reduce the environmental impact of oil and gas production. Overall, the industry is expected to continue to grow in the coming years, driven by a combination of increasing demand and technological innovation.

Recent groundbreaking advancements and milestones in the Oil Recovery-Enhanced (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.

• Advanced Waterflooding: This technique involves injecting water into oil reservoirs to increase pressure and force the oil to the surface. Advanced waterflooding techniques use new technologies to optimize the amount of water used and reduce the environmental impact of the process.
• Chemical Flooding: This technique involves injecting chemicals into oil reservoirs to reduce the viscosity of the oil and make it easier to extract. New chemical flooding technologies are being developed that are more effective and environmentally friendly than traditional methods.
• Thermal Recovery: This technique involves heating oil reservoirs to reduce the viscosity of the oil and make it easier to extract. New thermal recovery technologies are being developed that are more efficient and cost-effective than traditional methods.
• Microbial Enhanced Oil Recovery: This technique involves using microorganisms to break down the oil and make it easier to extract. New microbial enhanced oil recovery technologies are being developed that are more effective and environmentally friendly than traditional methods.
• Nanotechnology: Nanotechnology is being used to develop new materials and coatings that can improve the efficiency of oil recovery techniques. For example, nanotechnology is being used to develop new materials that can be used to plug leaks in oil wells and prevent oil spills.