Well Test is An Essential Part of the Well Lifecycle

Date: 2015-08-19

“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.).

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