Biotechnology can play an important role in Enhanced Oil Recovery (EOR) process employing physical and chemical features of microbes. The process, known as Microbial Enhanced Oil Recovery (MEOR), includes injecting ex-situ bio-products or stimulating indigenous microbes to generate specific metabolites for oil recovery. This paper focuses on the most actively research area of MEOR involving selective plugging and Wettability alteration. The role of biomass and biopolymers for oil recovery is briefly described. Bio-surfactants for wettability alteration are also represented. The review describes how to utilize the biotechnology in EOR process and shows the potential of MEOR.