Global Well Testing Services Market Outlook to 2028

Global Well Testing Services Market Outlook to 2028

The increasing demand for energy coupled with continued drilling activities, rising mature fields, the increasing requirement for high precision measurement while drilling (MWD), and reservoir condition measurement instruments are some of the factors augmenting the global well testing services market.

Continuing oil price volatility, a sustained market uncertainty, and a highly fragmented market continues to present challenges to the well testing services market.

Well testing monitors the reservoir’s capability to produce hydrocarbons such as oil, gas, and condensates, which finds multiple applications in permeability & skin interpretation, formation pressure measurement, reservoir characterization, and fluid characterization. The growth of these application segments in the oil & gas industry is anticipated to fuel well-testing service demand.

Global offshore E&P investments are expected to grow, owing to an increase in the number of projects announced by governments, which has expected to partially offset the slowdown in the well-testing market due to novel coronavirus outbreak.

Well testing service market has been segmented into down-hole testing, real-time well testing, reservoir sampling & analysis, and surface well testing. Real-time well testing is expected to be the leading segment owing to the increase in unmanned operations.

Our Well Testing Services Market report provides unique insights on well development activity for major countries in the market. The market demand for each technology is discussed in detail. The market estimates of well testing services for the historical period, along with the forecast for the next five years, included in the report.
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