HOME Top Market Reports Well Testing Services Market by Services (Real Time Well Testing, Downhole Well Testing, Reservoir Sampling, & Surface Well Testing),by Application (Onshore & Offshore) and by Region - Global Trends & Forecast to 2019

Well Testing Services Market by Services (Real Time Well Testing, Downhole Well Testing, Reservoir Sampling, & Surface Well Testing),by Application (Onshore & Offshore) and by Region - Global Trends & Forecast to 2019

By: marketsandmarkets.com
Publishing Date: February 2015
Report Code: EP 3148

Discount on Reports  

  Speak to Analyst Enquiry Before Buying  
purchase report
download pdf  request for customisation


Well testing can be defined as the process of data acquisition to gather the information and data to understand the reservoir properties and the rock formation.  The overall objective of well testing is to understand the reservoirs capability to produce hydrocarbons like oil, gas, condensates, and so on. The process of well testing has multiple applications which can be grouped as formation pressure measurement, permeability and skin interpretation, fluid characterization, and reservoir characterization. The well testing is conducted at each and every stage of the well that is exploration, development, and production. The well testing market grew considerably in the recent past and will continue to grow. The growth is affected by the recent decline in the oil prices globally with regions like South America and Europe affected the most.

Each region has been analyzed with respect to its market trends, growth, and future prospects in terms of the well testing services market. This report basically aims to estimate the global market for well testing services from 2014 to 2019.

The global well testing services market size is estimated to reach $8.0 billion by 2019. The major factors responsible for driving the growth of this market include the energy demand growth across the globe, increase in the global E&P spending along with the increase in the drilling activity in the offshore region.

The North American region remains the largest market for well testing services. The increase in the E&P spending and increasing shale activities in the U.S. has pushed the testing services in the region thereby increasing the market. The increasing drilling activities of up to 30% are expected in the region of Gulf of Mexico thereby giving a thump to the well testing market. The oil production in the region is expected to grow at about 15% year over year to reach the production of 1.9 million barrels of oil equivalent per day by 2016. The Middle East and Europe market continues to be the key growth area due to increasing offshore activities in the countries like China and Russia.

Real time testing services are the major services due to the fact that they provide 24X7 properties of the well. The real time well testing stabilizes and optimizes the well production. Due to the real time well testing, the accuracy is also increased.

The report analyzes the well testing service market for different regions. The report also provides a market overview of well testing by different service types. Among these services, real time well testing is the most preferred one. For this report, the major players in the market are Expro International Group Ltd, Halliburton Company, Halliburton Company, Schlumberger, Tetra Technologies Inc, Weatherford, AGR Group ASA, FMC Technologies Inc, Helix Energy Solutions Group Inc, MB Petroleum Services LLC, Mineral Technologies Inc identified through secondary and primary research, based on which their market shares are evaluated. This includes a study of the annual reports of top market players and interviews with key opinion leaders such as the CEOs, directors, and marketing executives. The market size for various types of oilfield service providers are determined and evaluated using primary and secondary research. The market data is available from 2012 to 2019 with a CAGR from 2014 to 2019.

Well Testing Services Market Size ($Million), 2013

WELL TESTING SERVICE MARKET

Source: Related research publications and MarketsandMarkets Analysis

The report analyzes the well testing service market for different regions. The report also provides a market overview of well testing by different service types. Among these services, real time well testing is the most preferred one.

For this report, the major players in the market are  identified through secondary and primary research, based on which their market shares are evaluated. This includes a study of the annual reports of top market players and interviews with key opinion leaders such as the CEOs, directors, and marketing executives. The market size for various types of oilfield service providers are determined and evaluated using primary and secondary research. The market data is available from 2012 to 2019 with a CAGR from 2014 to 2019.

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Downhole Testing Service
           1.2.2 Surface Well Testing Service
           1.2.3 Reservoir Sampling Service
           1.2.4 Real Time Well Testing Service
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primary Interviews
                    2.1.2.3 Key Insights of Industry Experts
    2.2 Factor Analysis
           2.2.1 Demand Side Analysis
           2.2.2 Supply Side Analysis
    2.3 Market Size Estimation
    2.4 Market Breakdown & Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Market Opportunities in the Well Testing Services Market
    4.2 Well Testing Services Market- Top Four Services Segment
    4.3 Well Testing Services Market in North America
    4.4 North America Dominates the Well Testing Services Market
    4.5 Real Time Well Testing Service
    4.6 Well Testing Services Market: Developed vs. Developing Nations

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 By Application
           5.2.1 Onshore Application
           5.2.2 Offshore Application
    5.3 By Services
           5.3.1 Downhole Testing Service
           5.3.2 Surface Well Testing Service
           5.3.3 Reservoir Sampling Service
           5.3.4 Real Time Well Testing Service
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increasing Energy Demand
                    5.4.1.2 Increasing Production of Oil & Gas
                    5.4.1.3 Shale Gas Revolution
           5.4.2 Restraints
                    5.4.2.1 Declining Crude Oil Prices
                    5.4.2.2 Declining Prices of Natural Gas in North America
                    5.4.2.3 Political and Economic Uncertainty in Europe and Africa
                    5.4.2.4 Unfriendly Fiscal Regimes
           5.4.3 Opportunities
                    5.4.3.1 Domestic Gas Production Plan in the Middle East
                    5.4.3.2 Maturing Oil & Gas Fields
           5.4.4 Challenges
                    5.4.4.1 Stringent Regulatory Policies
    5.5 Impact of Market Dynamics
    5.6 Impact of Oil Prices Decline

6 Industry Trends (Page No. - 51)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threats of Substitutes
           6.3.2 Threats of New Entrants
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Degree of Competition

7 Well Testing Services Market, By Application (Page No. - 54)
    7.1 Introduction
    7.2 Onshore Well Testing Services
    7.3 Offshore Well Testing Services

8 Well Testing Services Market Analysis, By Service (Page No. - 59)
    8.1 Introduction
           8.1.1 Real Time Well Testing Services Market
                    8.1.1.1 North America
                    8.1.1.2 Asia-Pacific
                    8.1.1.3 Europe
                    8.1.1.4 South America
                    8.1.1.5 Africa
                    8.1.1.6 Middle East
           8.1.2 Downhole Testing Services Market
                    8.1.2.1 North America
                    8.1.2.2 Asia-Pacific
                    8.1.2.3 Europe
                    8.1.2.4 South America
                    8.1.2.5 Africa
                    8.1.2.6 Middle East
           8.1.3 Reservoir Sampling Services Market
                    8.1.3.1 North America
                    8.1.3.2 Asia-Pacific
                    8.1.3.3 Europe
                    8.1.3.4 South America
                    8.1.3.5 Africa
                    8.1.3.6 Middle East
           8.1.4 Surface Well Testing Services Market
                    8.1.4.1 North America
                    8.1.4.2 Asia-Pacific
                    8.1.4.3 Europe
                    8.1.4.4 South America
                    8.1.4.5 Africa
                    8.1.4.6 Middle East

9 Regional Analysis (Page No. - 80)
    9.1 Introduction
    9.2 Regional Analysis
           9.2.1 North America
                    9.2.1.1 By Service
                               9.2.1.1.1 U.S.
                               9.2.1.1.2 Canada
                               9.2.1.1.3 Mexico
                    9.2.1.2 By Application
           9.2.2 Asia-Pacific
                    9.2.2.1 By Service
                               9.2.2.1.1 China
                               9.2.2.1.2 Indonesia
                               9.2.2.1.3 Rest of Asia-Pacific
                    9.2.2.2 By Application
           9.2.3 Europe
                    9.2.3.1 By Service
                               9.2.3.1.1 Russia
                               9.2.3.1.2 U.K.
                               9.2.3.1.3 Norway
                               9.2.3.1.4 Rest of Europe
                    9.2.3.2 By Application
           9.2.4 South America
                    9.2.4.1 By Service
                               9.2.4.1.1 Argentina
                               9.2.4.1.2 Venezuela
                               9.2.4.1.3 Brazil
                               9.2.4.1.4 Colombia
                               9.2.4.1.5 Rest of South America
                    9.2.4.2 By Application
           9.2.5 Africa
                    9.2.5.1 By Service
                               9.2.5.1.1 Egypt
                               9.2.5.1.2 Algeria
                               9.2.5.1.3 Rest of Africa
                    9.2.5.2 By Application
           9.2.6 Middle East
                    9.2.6.1 By Service
                               9.2.6.1.1 Oman
                               9.2.6.1.2 Saudi Arabia
                               9.2.6.1.3 Kuwait
                               9.2.6.1.4 United Arab Emirates (UAE)
                               9.2.6.1.5 Rest of Middle East
                    9.2.6.2 By Application

10 Competitive Landscape (Page No. - 107)
     10.1 Overview
     10.2 Market Share Analysis
     10.3 Competitive Scenario
     10.4 Recent Developments
             10.4.1 Contracts
             10.4.2 New Product/Service Developments
             10.4.3 Mergers & Acquisitions
             10.4.4 Expansions

11 Company Profiles (Page No. - 122)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     11.1 Introduction
     11.2 Expro International Group Ltd
     11.3 Halliburton Company
     11.4 Schlumberger Limited
     11.5 Tetra Technologies Inc.
     11.6 Weatherford International Ltd.
     11.7 AGR Group ASA
     11.8 FMC Technologies Inc.
     11.9 Greene’s Energy Group
     11.10 Helix Energy Solutions Group Inc.
     11.11 MB Petroleum Services LLC
     11.12 Mineral Technologies Inc.
     11.13 Rockwater Energy Solutions, Inc.

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 159)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports


List of Tables (73 Tables)

Table 1 Impact Analysis of Market Dynamics
Table 2 Well Testing Services Market Size, By Application, 2012-2019 ($Million)
Table 3 Onshore Well Testing Services Market Size, By Region,2012-2019 ($Million)
Table 4 Offshore Well Testing Services Market Size, By Region,2012-2019 ($Million)
Table 5 Well Testing Services Market Size, By Service, 2012-2019 ($Million)
Table 6 Real Time Well Testing Services Market Size, By Region,2012-2019, ($Million)
Table 7 North America: Real Time Well Testing Services Market Size, By Country, 2012-2019, ($Million)
Table 8 Asia-Pacific: Real Time Well Testing Services Market Size, By Country, 2012-2019, ($Million)
Table 9 Europe: Real Time Well Testing Services Market Size, By Country,2012-2019, ($Million)
Table 10 South America: Real Time Well Testing Services, By Country,2012-2019, ($Million)
Table 11 Africa: Real Time Well Testing Services Market Size, By Country,2012-2019, ($Million)
Table 12 Middle East: Real Time Well Testing Services Market Size, By Country, 2012-2019, ($Million)
Table 13 Downhole Testing Services Market Size, By Region,2012-2019 ($Million)
Table 14 North America: Downhole Testing Services Market, By Country,2012-2019, ($Million)
Table 15 Asia-Pacific: Downhole Testing Services Market Size, By Country,2012-2019, ($Million)
Table 16 Europe: Downhole Testing Services Market Size, By Region, 2012-2019, ($Million)
Table 17 South America: Downhole Testing Services Market Size, By Country, 2012-2019, ($Million)
Table 18 Africa: Downhole Testing Services Market Size, By Country,2012-2019, ($Million)
Table 19 Middle East: Downhole Testing Services, By Region,2012-2019, ($Million)
Table 20 Reservoir Sampling Services Market Size, By Region,2012-2019 ($Million)
Table 21 North America: Reservoir Sampling Services Market Size, By Country, 2012-2019 ($Million)
Table 22 Asia-Pacific: Reservoir Sampling Services Market Size, By Country, 2012-2019 ($Million)
Table 23 Europe: Reservoir Sampling Services Market Size, By Country,2012-2019 ($Million)
Table 24 South America: Reservoir Sampling Services Market Size, By Country, 2012-2019 ($Million)
Table 25 Africa: Reservoir Sampling Services Market Size, By Country,2012-2019 ($Million)
Table 26 Middle East: Reservoir Sampling Services Market Size, By Country, 2012-2019 ($Million)
Table 27 Surface Well Testing Services Market Size, By Region,2012-2019 ($Million)
Table 28 North America: Surface Well Testing Services Market Size, By Country, 2012-2019 ($Million)
Table 29 Asia-Pacific: Surface Well Testing Services Market Size, By Country, 2012-2019 ($Million)
Table 30 Europe: Surface Well Testing Services Market Size, By Country,2012-2019 ($Million)
Table 31 South America: Surface Well Testing Services Market Size, By Country, 2012-2019 ($Million)
Table 32 Africa: Surface Well Testing Services Market Size, By Country,2012-2019 ($Million)
Table 33 Middle East: Surface Well Testing Services Market Size, By Country, 2012-2019 ($Million)
Table 34 Well Testing Services Market Size, By Region, 2012-2019 ($Million)
Table 35 North America: Well Testing Services Market Size, By Country,2012-2019 ($Million)
Table 36 U.S.: Well Testing Services Market Size, By Service,2012-2019, ($Million)
Table 37 Canada: Well Testing Services Market Size, By Service,2012-2019, ($Million)
Table 38 Mexico: Well Testing Services Market Size, By Service,2012-2019, ($Million)
Table 39 North America: Well Testing Services Market Size, By Application,2012-2019, ($Million)
Table 40 Asia-Pacific: Well Testing Services Market Size, By Country,2012-2019 ($Million)
Table 41 China: Well Testing Services Market Size, By Service,2012-2019 ($Million)
Table 42 Indonesia: Well Testing Services Market Size, By Service,2012-2019 ($Million)
Table 43 Rest of Asia-Pacific: Well Testing Market Size, By Service,2012-2019 ($Million)
Table 44 Asia-Pacific: Well Testing Services Market Size, By Application,2012-2019, ($Million)
Table 45 Europe: Well Testing Services Market Size, By Country,2012-2019, ($Million)
Table 46 Russia: Well Testing Services Market Size, By Service,2012-2019, ($Million)
Table 47 U.K.: Well Testing Services Market Size, By Service,2012-2019, ($Million)
Table 48 Norway: Well Testing Services Market Size, By Service,2012-2019, ($Million)
Table 49 Rest of Europe: Well Testing Services Market Size, By Service,2012-2019, ($Million)
Table 50 Europe: Well Testing Services Market Size, By Application,2012-2019, ($Million)
Table 51 South America: Well Testing Services Market Size, By Country,2012-2019, ($Million)
Table 52 Argentina: Well Testing Services Market Size, By Service,2012-2019, ($Million)
Table 53 Venezuela: Well Testing Services Market Size, By Service,2012-2019, ($Million)
Table 54 Brazil: Well Testing Services Market Size, By Service,2012-2019, ($Million)
Table 55 Colombia: Well Testing Services Market Size, By Service,2012-2019, ($Million)
Table 56 Rest of South America: Well Testing Services Market Size, By Service, 2012-2019, ($Million)
Table 57 South America: Well Testing Services Market Size, By Application,2012-2019, ($Million)
Table 58 Africa: Well Testing Services Market Size, By Country,2012-2019, ($Million)
Table 59 Egypt: Well Testing Services Market Size, By Service,2012-2019, ($Million)
Table 60 Algeria: Well Testing Services Market Size, By Service,2012-2019, ($Million)
Table 61 Rest of Africa: Well Testing Services Market Size, By Service,2012-2019, ($Million)
Table 62 Africa: Well Testing Services Market Size, By Application,2012-2019, ($Million)
Table 63 Middle East: Well Testing Services Market Size, By Country,2012-2019, ($Million)
Table 64 Oman: Well Testing Services Market Size, By Service,2012-2019, ($Million)
Table 65 Saudi Arabia: Well Testing Services Market Size, By Service,2012-2019, ($Million)
Table 66 Kuwait: Well Testing Services Market Size, By Service,2012-2019, ($Million)
Table 67 UAE: Well Testing Services Market Size, By Service,2012-2019, ($Million)
Table 68 Rest of Middle East: Well Testing Services Market Size, By Service, 2012-2019, ($Million)
Table 69 Middle East: Well Testing Services Market Size, By Application,2012-2019, ($Million)
Table 70 Contracts, 2011-2014
Table 71 New Product/Service Launches, 2011-2014
Table 72 Mergers & Acquisitions, 2011-2014
Table 73 Expansions, 2011-2014
 
 
List of Figures (55 Figures)
 
Figure 1 Markets Covered: Well Testing Market
Figure 2 Well Testing Services Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market Breakdown & Data Triangulation
Figure 7 Technology is Gaining Momentum Over the Years By Increasing Testing Efficiency
Figure 8 North America Occupied the Largest Market Share in 2013
Figure 9 Well Testing Market Snapshot (2014 vs. 2019): the Middle East is Expected to Exhibit at the Highest Growth Rate in the Next Five Years
Figure 10 Well Testing Services Market Share (Value), By Service Type, 2014
Figure 11 Real Time & Downhole Testing Services Will Continue to Dominate the Well Testing Market in the Next Five Years
Figure 12 Well Testing Services Market Size, 2014 & 2019 ($Million)
Figure 13 Increased Energy Demand has Given A Boost to the Demand for Well Testing
Figure 14 Real Time Well Testing is Expected to Lead the Demand for Well Testing Services in the Next Five Years
Figure 15 Real Time Services Accounted for the Maximum Share in the Well Testing Services Market
Figure 16 Real Time Well Testing Services in Middle East are Expected to Hold the Largest Market Share By 2019
Figure 17 North America Commanded More Than One-Third of the Market in 2013
Figure 18 Real Time Well Testing Occupied the Largest Share In North America, 2013
Figure 19 U.S. is Expected to Dominate the Market Potential in the Next Five Years
Figure 20 Market Segmentation: By Application, Service, & Region
Figure 21 Increasing Energy Demand Along With Declining Oil Prices Influence the Movements in Well Testing Market
Figure 22 WTI Declines Sharply After Mid 2014
Figure 23 Henry Hub Natural Gas Prices ($/MMBTU), 2008-2013
Figure 24 Iran Leads in the Domestic Natural Gas Production Within The Middle East
Figure 25 U.K. Production Continues to Decline
Figure 26 Sudden Decline in Brent Crude Oil Prices Since Mid 2014
Figure 27 Value Chain Analysis
Figure 28 Porter’s Five Forces Analysis
Figure 29 Onshore Well Testing Services Market to Show Higher Growth Rate During the Forecast Period
Figure 30 Increasing Global Energy Demand is Driving Growth of the Well Testing Services Market
Figure 31 Real Time Well Testing Dominates the Well Testing Services Market
Figure 32 Regional Snapshot (2013) –Developing Economies Emerging as New Hot Spot Market
Figure 33 Saudi Arabia - an Attractive Destination for All Product Categories
Figure 34 Companies Adopted Contracts as the Key Growth Strategy From2011 to 2014
Figure 35 Expro International Group Ltd. Grew at the Fastest Rate Between2011 - 2013
Figure 36 Global Well Testing Services Market, Market Share By Revenue, By Key Players, 2013
Figure 37 Market Evaluation Framework
Figure 38 Mergers & Acquisitions and New Product Development are the Second Most Popular Strategies for Capturing Market Share
Figure 39 Battle for Market Share (2011-2014): Contracts is the Key Strategy
Figure 40 Geographic Revenue Mix of Top 5 Market Players
Figure 41 Expro International Group Ltd: Company Snapshot
Figure 42 Expro International Group Ltd: SWOT Analysis
Figure 43 Halliburton Company: Company Snapshot
Figure 44 Halliburton Company: SWOT Analysis
Figure 45 Schlumberger: Company Snapshot
Figure 46 Schlumberger: SWOT Analysis
Figure 47 Tetra Technologies Inc.: Company Snapshot
Figure 48 Tetra Technologies Inc.: SWOT Analysis
Figure 49 Weatherford: Company Snapshot
Figure 50 Weatherford International Ltd.: SWOT Analysis
Figure 51 AGR Group ASA: Business Overview
Figure 52 FMC Technologies Inc.: Company Snapshot
Figure 53 Helix Energy Solutions Group Inc.: Company Snapshot
Figure 54 MB Petroleum Services LLC.: Company Snapshot
Figure 55 Mineral Technologies Inc.: Company Snapshot

To cater to the increasing energy demand across the globe huge investments are being made to drill more wells to extract the oil & gas from the earth surface. But neither all wells have hydrocarbon nor has same properties. Well testing services are an essential part of the well lifecycle and is used at every phase of the well for exploration development and production to understand the reservoir characteristics and fluid properties. With the large number of exploration and production activities taking place across the globe, the market for well testing is surging. The well testing services market is estimated to reach $8.0 billion at a CAGR of 6.1% from 2014 to 2019.

Well testing services can be described as the process of data acquisition increasing the understanding of the reservoir characterization and the fluid properties. Due to the increase in the energy demand there has been a surge in the exploration activities. New wells need to be economically viable and should help produce enough profit for the companies. This viability check is performed by the well testing process which is performed during the all the three phases of well i.e. exploration, development, and production. The general formation evaluation workflow consists of delineating the reservoir using seismic information and well-to-well correlations, evaluating the volume of reserves, and then determining the fluids present and the ability to produce them. Logs provide initial information on the fluid type and producibility. Testing provides confirmation, detailed fluid properties, accurate pressure measurements, and production evaluation.

Potential increase in recoverable resources and maturation of the old fields has resulted in the increase of the testing services pushing the market up to several billions in the last decade. The demand of such services is high in the developing countries like Indonesia, China due to the increase in the drilling activities in the region. Well testing caters to both onshore and offshore well facilities.

The North American is the largest market for well testing services, owing to the increased exploration activities. The Middle East and Asia-Pacific region is also one of the attractive markets for the testing services.

Well Testing Services Market Share,2019.

WELL TESTING SERVICE MARKET

Currently, real time testing services dominate the well testing services market. This dominance is seen mainly due to continuous and large increment in the U.S. exploration and production activities. The downhole testing services occupy the second largest market share due to cost effectiveness of the services. Though the surface well testing services hold low market share, it promise a maximum growth rate in the upcoming years.

Available Customizations Title

Client Customization Problem Statement : Competitive Intelligence/ Benchmarking for Well testing ( DST and Surface well test) for Kenya, Tanzania, South Sudan

Solution Provided:
This customized study includes competitive Landscape for Reservoir Analysis in - Tanzania & South Sudan....
This customized study includes competitive Landscape for Reservoir Analysis in - Tanzania & South Sudan
less...
Request Customization
 more...
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit http://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports



Access reports on all high
growth Drilling Services Markets on KnowledgeStore
Request Demo