This report estimates the well testing market in terms of value in $million. This has been broken down into component regions and further split into countries.
The oil &gas industry witnesses high number of the E&P activities every year which is undertaken to meet the growing global energy demand. Well test is an essential part of the well lifecycle and is used on the exploration, appraisal, and development phases. It provides crucial information about the condition of the well such as fluid properties. Furthermore, the increase in the supply of oil &gas from the large petroleum producing regions, such as the Middle East and North America, has exceeded the demand which has resulted in the sudden decline of oil prices during the end of 2014.
Well testing also allows the operator to understand the reservoir better by providing well parameters, such as temperature and pressure, under dynamic conditions.
The size of the overall market is determined by forecasting techniques based region-wise well count of both producing wells as well as the new wells that were drilled in different geographical regions which are validated through primary sources. The market is growing at a CAGR of approximately 6.1 % from 2014 to 2019.
This report also includes the profiles for leading oilfield service provider,and equipment manufacturers, such as:
Tetra Technologies Inc. (U.S.), Schlumberger Ltd. (U.S.), Halliburton Company (U.S.) Weatherford International Ltd. (Ireland), and Expro International Group Ltd (U.K.), AGR Group ASA (Norway), FMC Technologies Inc. (U.S.), Greene’s Energy Group (U.S.), Helix Energy Solutions Group Inc. (U.S.), MB Petroleum Services LLC (Oman), Mineral Technologies Inc. (U.S.), and Rockwater Energy Solutions, Inc. (U.S.).
Scope of the report: This study estimates the global market of well testing, in terms of service,till 2019. It also offers a detailed qualitative and quantitative analysis of this market. This report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues of the market. The report also covers various important aspects of the market. These include analysis of value chain, Porter’s Five Forces model, competitive landscape, market dynamics, market estimates in terms of value, and future trends in the well testing market.
Various secondary sources have been used such as encyclopedias, directories, and databases to identify and collect information that was useful for this extensive commercial study of the global well testing market. The primary sources – experts, manufacturers, and service providers from the industry have all been interviewed to obtain and verify critical information as well as assess future prospects of the global well testing market.
On the basis of services: Real Time Well Testing, Downhole Testing, Reservoir Sampling, and Surface Well Testing.
On the basis of regions: North America, Europe, Latin America, Asia-Pacific, and the Middle-East andAfrica.