“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.
”
“TABLE OF CONTENTS
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.2.1 DOWNHOLE TESTING SERVICE 15
1.2.2 SURFACE WELL TESTING SERVICE 15
1.2.3 RESERVOIR SAMPLING SERVICE 15
1.2.4 REAL TIME WELL TESTING SERVICE 16
1.3 STUDY SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 16
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 19
2.1.1.1 Key Data From Secondary Sources 19
2.1.2 PRIMARY DATA 19
2.1.2.1 Key Data From Primary Sources 20
2.1.2.2 Breakdown Of Primary Interviews 20
2.1.2.3 Key Insights Of Industry Experts 21
2.2 FACTOR ANALYSIS 22
2.2.1 DEMAND SIDE ANALYSIS 22
2.2.2 SUPPLY SIDE ANALYSIS 22
2.3 MARKET SIZE ESTIMATION 22
2.4 MARKET BREAKDOWN & DATA TRIANGULATION 24
2.5 RESEARCH ASSUMPTIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 32
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE WELL TESTING SERVICES MARKET 32
4.2 WELL TESTING SERVICES MARKET- TOP FOUR SERVICES SEGMENT 33
4.3 WELL TESTING SERVICES MARKET IN NORTH AMERICA 34
4.4 NORTH AMERICA DOMINATES THE WELL TESTING SERVICES MARKET 36
4.5 REAL TIME WELL TESTING SERVICE 37
4.6 WELL TESTING SERVICES MARKET: DEVELOPED VS. DEVELOPING NATIONS 38
5 MARKET OVERVIEW 39
5.1 INTRODUCTION 40
5.2 BY APPLICATION 41
5.2.1 ONSHORE APPLICATION 41
5.2.2 OFFSHORE APPLICATION 41
5.3 BY SERVICES 41
5.3.1 DOWNHOLE TESTING SERVICE 41
5.3.2 SURFACE WELL TESTING SERVICE 42
5.3.3 RESERVOIR SAMPLING SERVICE 42
5.3.4 REAL TIME WELL TESTING SERVICE 42
5.4 MARKET DYNAMICS 42
5.4.1 DRIVERS 43
5.4.1.1 Increasing Energy Demand 43
5.4.1.2 Increasing Production Of Oil & Gas 43
5.4.1.3 Shale Gas Revolution 44
5.4.2 RESTRAINTS 44
5.4.2.1 Declining Crude Oil Prices 44
5.4.2.2 Declining Prices Of Natural Gas In North America 45
5.4.2.3 Political And Economic Uncertainty In Europe And Africa 46
5.4.2.4 Unfriendly Fiscal Regimes 46
5.4.3 OPPORTUNITIES 46
5.4.3.1 Domestic Gas Production Plan In The Middle East 46
5.4.3.2 Maturing Oil & Gas Fields 47
5.4.4 CHALLENGES 48
5.4.4.1 Stringent Regulatory Policies 48
5.5 IMPACT OF MARKET DYNAMICS 49
5.6 IMPACT OF OIL PRICES DECLINE 50
6 INDUSTRY TRENDS 51
6.1 INTRODUCTION 51
6.2 VALUE CHAIN ANALYSIS 51
6.3 PORTER’S FIVE FORCES ANALYSIS 52
6.3.1 THREATS OF SUBSTITUTES 52
6.3.2 THREATS OF NEW ENTRANTS 52
6.3.3 BARGAINING POWER OF BUYERS 53
6.3.4 BARGAINING POWER OF SUPPLIERS 53
6.3.5 DEGREE OF COMPETITION 53
7 WELL TESTING SERVICES MARKET, BY APPLICATION 54
7.1 INTRODUCTION 55
7.2 ONSHORE WELL TESTING SERVICES 56
7.3 OFFSHORE WELL TESTING SERVICES 57
8 WELL TESTING SERVICES MARKET ANALYSIS, BY SERVICE 59
8.1 INTRODUCTION 60
8.1.1 REAL TIME WELL TESTING SERVICES MARKET 61
8.1.1.1 North America 62
8.1.1.2 Asia-Pacific 63
8.1.1.3 Europe 63
8.1.1.4 South America 64
8.1.1.5 Africa 65
8.1.1.6 Middle East 65
8.1.2 DOWNHOLE TESTING SERVICES MARKET 66
8.1.2.1 North America 67
8.1.2.2 Asia-Pacific 68
8.1.2.3 Europe 68
8.1.2.4 South America 69
8.1.2.5 Africa 69
8.1.2.6 Middle East 70
8.1.3 RESERVOIR SAMPLING SERVICES MARKET 71
8.1.3.1 North America 71
8.1.3.2 Asia-Pacific 72
8.1.3.3 Europe 73
8.1.3.4 South America 73
8.1.3.5 Africa 74
8.1.3.6 Middle East 75
8.1.4 SURFACE WELL TESTING SERVICES MARKET 75
8.1.4.1 North America 76
8.1.4.2 Asia-Pacific 77
8.1.4.3 Europe 77
8.1.4.4 South America 78
8.1.4.5 Africa 78
8.1.4.6 Middle East 79
9 REGIONAL ANALYSIS 80
9.1 INTRODUCTION 81
9.2 REGIONAL ANALYSIS 83
9.2.1 NORTH AMERICA 83
9.2.1.1 By Service 83
9.2.1.1.1 U.S. 84
9.2.1.1.2 Canada 84
9.2.1.1.3 Mexico 85
9.2.1.2 By Application 86
9.2.2 ASIA-PACIFIC 86
9.2.2.1 By Service 86
9.2.2.1.1 China 87
9.2.2.1.2 Indonesia 88
9.2.2.1.3 Rest of Asia-Pacific 88
9.2.2.2 By Application 89
9.2.3 EUROPE 89
9.2.3.1 By Service 89
9.2.3.1.1 Russia 90
9.2.3.1.2 U.K. 91
9.2.3.1.3 Norway 91
9.2.3.1.4 Rest of Europe 92
9.2.3.2 By Application 93
9.2.4 SOUTH AMERICA 93
9.2.4.1 By Service 93
9.2.4.1.1 Argentina 94
9.2.4.1.2 Venezuela 95
9.2.4.1.3 Brazil 96
9.2.4.1.4 Colombia 97
9.2.4.1.5 Rest of South America 97
9.2.4.2 By Application 98
9.2.5 AFRICA 99
9.2.5.1 By Service 99
9.2.5.1.1 Egypt 99
9.2.5.1.2 Algeria 100
9.2.5.1.3 Rest of Africa 101
9.2.5.2 By Application 101
9.2.6 MIDDLE EAST 102
9.2.6.1 By Service 102
9.2.6.1.1 Oman 103
9.2.6.1.2 Saudi Arabia 103
9.2.6.1.3 Kuwait 104
9.2.6.1.4 United Arab Emirates (UAE) 105
9.2.6.1.5 Rest of Middle East 105
9.2.6.2 By Application 106
10 COMPETITIVE LANDSCAPE 107
10.1 OVERVIEW 108
10.2 MARKET SHARE ANALYSIS 110
10.3 COMPETITIVE SCENARIO 111
10.4 RECENT DEVELOPMENTS 113
10.4.1 CONTRACTS 113
10.4.2 NEW PRODUCT/SERVICE DEVELOPMENTS 116
10.4.3 MERGERS & ACQUISITIONS 117
10.4.4 EXPANSIONS 120
11 COMPANY PROFILES 122
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
11.1 INTRODUCTION 122
11.2 EXPRO INTERNATIONAL GROUP LTD 123
11.3 HALLIBURTON COMPANY 128
11.4 SCHLUMBERGER LIMITED 132
11.5 TETRA TECHNOLOGIES INC. 137
11.6 WEATHERFORD INTERNATIONAL LTD. 140
11.7 AGR GROUP ASA 143
11.8 FMC TECHNOLOGIES INC. 145
11.9 GREENE’S ENERGY GROUP 148
11.10 HELIX ENERGY SOLUTIONS GROUP INC. 150
11.11 MB PETROLEUM SERVICES LLC 152
11.12 MINERAL TECHNOLOGIES INC. 154
11.13 ROCKWATER ENERGY SOLUTIONS, INC. 157
*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View might not be captured in case of unlisted companies.
12 APPENDIX 159
12.1 INSIGHTS OF INDUSTRY EXPERTS 159
12.2 DISCUSSION GUIDE 160
12.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 163
12.4 AVAILABLE CUSTOMIZATIONS 164
12.5 RELATED REPORTS 165
“
“LIST OF TABLES
TABLE 1 IMPACT ANALYSIS OF MARKET DYNAMICS 49
TABLE 2 WELL TESTING SERVICES MARKET SIZE, BY APPLICATION, 2012-2019 ($MILLION) 56
TABLE 3 ONSHORE WELL TESTING SERVICES MARKET SIZE, BY REGION,
2012-2019 ($MILLION) 56
TABLE 4 OFFSHORE WELL TESTING SERVICES MARKET SIZE, BY REGION,
2012-2019 ($MILLION) 57
TABLE 5 WELL TESTING SERVICES MARKET SIZE, BY SERVICE, 2012-2019 ($MILLION) 61
TABLE 6 REAL TIME WELL TESTING SERVICES MARKET SIZE, BY REGION,
2012-2019, ($MILLION) 62
TABLE 7 NORTH AMERICA: REAL TIME WELL TESTING SERVICES MARKET SIZE,
BY COUNTRY, 2012-2019, ($MILLION) 62
TABLE 8 ASIA-PACIFIC: REAL TIME WELL TESTING SERVICES MARKET SIZE, BY COUNTRY, 2012-2019, ($MILLION) 63
TABLE 9 EUROPE: REAL TIME WELL TESTING SERVICES MARKET SIZE, BY COUNTRY,
2012-2019, ($MILLION) 64
TABLE 10 SOUTH AMERICA: REAL TIME WELL TESTING SERVICES, BY COUNTRY,
2012-2019, ($MILLION) 64
TABLE 11 AFRICA: REAL TIME WELL TESTING SERVICES MARKET SIZE, BY COUNTRY,
2012-2019, ($MILLION) 65
TABLE 12 MIDDLE EAST: REAL TIME WELL TESTING SERVICES MARKET SIZE, BY COUNTRY, 2012-2019, ($MILLION) 66
TABLE 13 DOWNHOLE TESTING SERVICES MARKET SIZE, BY REGION,
2012-2019 ($MILLION) 66
TABLE 14 NORTH AMERICA: DOWNHOLE TESTING SERVICES MARKET, BY COUNTRY,
2012-2019, ($MILLION) 67
TABLE 15 ASIA-PACIFIC: DOWNHOLE TESTING SERVICES MARKET SIZE, BY COUNTRY,
2012-2019, ($MILLION) 68
TABLE 16 EUROPE: DOWNHOLE TESTING SERVICES SERVICES MARKET SIZE, BY REGION, 2012-2019, ($MILLION) 68
TABLE 17 SOUTH AMERICA: DOWNHOLE TESTING SERVICES MARKET SIZE, BY COUNTRY, 2012-2019, ($MILLION) 69
TABLE 18 AFRICA: DOWNHOLE TESTING SERVICES MARKET SIZE, BY COUNTRY,
2012-2019, ($MILLION) 70
TABLE 19 MIDDLE EAST: DOWNHOLE TESTING SERVICES, BY REGION,
2012-2019, ($MILLION) 70
TABLE 20 RESERVOIR SAMPLING SERVICES MARKET SIZE, BY REGION,
2012-2019 ($MILLION) 71
TABLE 21 NORTH AMERICA: RESERVOIR SAMPLING SERVICES MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 72
TABLE 22 ASIA-PACIFIC: RESERVOIR SAMPLING SERVICES MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 72
TABLE 23 EUROPE: RESERVOIR SAMPLING SERVICES MARKET SIZE, BY COUNTRY,
2012-2019 ($MILLION) 73
TABLE 24 SOUTH AMERICA: RESERVOIR SAMPLING SERVICES MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 73
TABLE 25 AFRICA: RESERVOIR SAMPLING SERVICES MARKET SIZE, BY COUNTRY,
2012-2019 ($MILLION) 74
TABLE 26 MIDDLE EAST: RESERVOIR SAMPLING SERVICES MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 75
TABLE 27 SURFACE WELL TESTING SERVICES MARKET SIZE, BY REGION,
2012-2019 ($MILLION) 76
TABLE 28 NORTH AMERICA: SURFACE WELL TESTING SERVICES MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 76
TABLE 29 ASIA-PACIFIC: SURFACE WELL TESTING SERVICES MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 77
TABLE 30 EUROPE: SURFACE WELL TESTING SERVICES MARKET SIZE, BY COUNTRY,
2012-2019 ($MILLION) 77
TABLE 31 SOUTH AMERICA: SURFACE WELL TESTING SERVICES MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 78
TABLE 32 AFRICA: SURFACE WELL TESTING SERVICES MARKET SIZE, BY COUNTRY,
2012-2019 ($MILLION) 79
TABLE 33 MIDDLE EAST: SURFACE WELL TESTING SERVICES MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION) 79
TABLE 34 WELL TESTING SERVICES MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 82
TABLE 35 NORTH AMERICA: WELL TESTING SERVICES MARKET SIZE, BY COUNTRY,
2012-2019 ($MILLION) 83
TABLE 36 U.S.: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019, ($MILLION) 84
TABLE 37 CANADA: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019, ($MILLION) 85
TABLE 38 MEXICO: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019, ($MILLION) 85
TABLE 39 NORTH AMERICA: WELL TESTING SERVICES MARKET SIZE, BY APPLICATION,
2012-2019, ($MILLION) 86
TABLE 40 ASIA-PACIFIC: WELL TESTING SERVICES MARKET SIZE, BY COUNTRY,
2012-2019 ($MILLION) 87
TABLE 41 CHINA: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019 ($MILLION) 87
TABLE 42 INDONESIA: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019 ($MILLION) 88
TABLE 43 REST OF ASIA-PACIFIC: WELL TESTING MARKET SIZE, BY SERVICE,
2012-2019 ($MILLION) 88
TABLE 44 ASIA-PACIFIC: WELL TESTING SERVICES MARKET SIZE, BY APPLICATION,
2012-2019, ($MILLION) 89
TABLE 45 EUROPE: WELL TESTING SERVICES MARKET SIZE, BY COUNTRY,
2012-2019, ($MILLION) 90
TABLE 46 RUSSIA: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019, ($MILLION) 90
TABLE 47 U.K.: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019, ($MILLION) 91
TABLE 48 NORWAY: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019, ($MILLION) 92
TABLE 49 REST OF EUROPE: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019, ($MILLION) 92
TABLE 50 EUROPE: WELL TESTING SERVICES MARKET SIZE, BY APPLICATION,
2012-2019, ($MILLION) 93
TABLE 51 SOUTH AMERICA: WELL TESTING SERVICES MARKET SIZE, BY COUNTRY,
2012-2019, ($MILLION) 94
TABLE 52 ARGENTINA: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019, ($MILLION) 95
TABLE 53 VENEZUELA: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019, ($MILLION) 95
TABLE 54 BRAZIL: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019, ($MILLION) 96
TABLE 55 COLOMBIA: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019, ($MILLION) 97
TABLE 56 REST OF SOUTH AMERICA: WELL TESTING SERVICES MARKET SIZE, BY SERVICE, 2012-2019, ($MILLION) 98
TABLE 57 SOUTH AMERICA: WELL TESTING SERVICES MARKET SIZE, BY APPLICATION,
2012-2019, ($MILLION) 98
TABLE 58 AFRICA: WELL TESTING SERVICES MARKET SIZE, BY COUNTRY,
2012-2019, ($MILLION) 99
TABLE 59 EGYPT: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019, ($MILLION) 100
TABLE 60 ALGERIA: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019, ($MILLION) 100
TABLE 61 REST OF AFRICA: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019, ($MILLION) 101
TABLE 62 AFRICA: WELL TESTING SERVICES MARKET SIZE, BY APPLICATION,
2012-2019, ($MILLION) 102
TABLE 63 MIDDLE EAST: WELL TESTING SERVICES MARKET SIZE, BY COUNTRY,
2012-2019, ($MILLION) 102
TABLE 64 OMAN: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019, ($MILLION) 103
TABLE 65 SAUDI ARABIA: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019, ($MILLION) 104
TABLE 66 KUWAIT: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019, ($MILLION) 104
TABLE 67 UAE: WELL TESTING SERVICES MARKET SIZE, BY SERVICE,
2012-2019, ($MILLION) 105
TABLE 68 REST OF MIDDLE EAST: WELL TESTING SERVICES MARKET SIZE, BY SERVICE, 2012-2019, ($MILLION) 106
TABLE 69 MIDDLE EAST: WELL TESTING SERVICES MARKET SIZE, BY APPLICATION,
2012-2019, ($MILLION) 106
TABLE 70 CONTRACTS, 2011-2014 113
TABLE 71 NEW PRODUCT/SERVICE LAUNCHES, 2011-2014 116
TABLE 72 MERGERS & ACQUISITIONS, 2011-2014 118
TABLE 73 EXPANSIONS, 2011-2014 120
“
“LIST OF FIGURES
FIGURE 1 MARKETS COVERED: WELL TESTING MARKET 16
FIGURE 2 WELL TESTING SERVICES MARKET: RESEARCH DESIGN 18
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, & REGION 21
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 23
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 24
FIGURE 6 MARKET BREAKDOWN & DATA TRIANGULATION 25
FIGURE 7 TECHNOLOGY IS GAINING MOMENTUM OVER THE YEARS BY INCREASING TESTING EFFICIENCY 27
FIGURE 8 NORTH AMERICA OCCUPIED THE LARGEST MARKET SHARE IN 2013 28
FIGURE 9 WELL TESTING MARKET SNAPSHOT (2014 VS 2019): THE MIDDLE EAST IS EXPECTED TO EXHIBIT AT THE HIGHEST GROWTH RATE IN THE NEXT FIVE YEARS 29
FIGURE 10 WELL TESTING SERVICES MARKET SHARE (VALUE), BY SERVICE TYPE, 2014 30
FIGURE 11 REAL TIME & DOWNHOLE TESTING SERVICES WILL CONTINUE TO DOMINATE THE WELL TESTING MARKET IN THE NEXT FIVE YEARS 31
FIGURE 12 WELL TESTING SERVICES MARKET SIZE, 2014 & 2019 ($MILLION) 31
FIGURE 13 INCREASED ENERGY DEMAND HAS GIVEN A BOOST TO THE DEMAND FOR WELL TESTING 32
FIGURE 14 REAL TIME WELL TESTING IS EXPECTED TO LEAD THE DEMAND FOR WELL TESTING SERVICES IN THE NEXT FIVE YEARS 33
FIGURE 15 REAL TIME SERVICES ACCOUNTED FOR THE MAXIMUM SHARE IN THE WELL TESTING SERVICES MARKET 34
FIGURE 16 REAL TIME WELL TESTING SERVICES IN MIDDLE EAST ARE EXPECTED TO HOLD THE LARGEST MARKET SHARE BY 2019 35
FIGURE 17 NORTH AMERICA COMMANDED MORE THAN ONE-THIRD OF THE MARKET IN 2013 36
FIGURE 18 REAL TIME WELL TESTING OCCUPIED THE LARGEST SHARE
IN NORTH AMERICA, 2013 37
FIGURE 19 U.S. IS EXPECTED TO DOMINATE THE MARKET POTENTIAL IN THE NEXT FIVE YEARS 38
FIGURE 20 MARKET SEGMENTATION: BY APPLICATION, SERVICE, & REGION 40
FIGURE 21 INCREASING ENERGY DEMAND ALONG WITH DECLINING OIL PRICES INFLUENCE THE MOVEMENTS IN WELL TESTING MARKET 43
FIGURE 22 WTI DECLINES SHARPLY AFTER MID 2014 44
FIGURE 23 HENRY HUB NATURAL GAS PRICES ($/MMBTU), 2008-2013 45
FIGURE 24 IRAN LEADS IN THE DOMESTIC NATURAL GAS PRODUCTION WITHIN
THE MIDDLE EAST 47
FIGURE 25 U.K. PRODUCTION CONTINUES TO DECLINE 48
FIGURE 26 SUDDEN DECLINE IN BRENT CRUDE OIL PRICES SINCE MID 2014 50
FIGURE 27 VALUE CHAIN ANALYSIS 51
FIGURE 28 PORTER’S FIVE FORCES ANALYSIS 52
FIGURE 29 ONSHORE WELL TESTING SERVICES MARKET TO SHOW HIGHER GROWTH RATE DURING THE FORECAST PERIOD 55
FIGURE 30 INCREASING GLOBAL ENERGY DEMAND IS DRIVING GROWTH OF THE WELL TESTING SERVICES MARKET 58
FIGURE 31 REAL TIME WELL TESTING DOMINATES THE WELL TESTING SERVICES MARKET 60
FIGURE 32 REGIONAL SNAPSHOT (2013) –DEVELOPING ECONOMIES EMERGING AS NEW HOT SPOT MARKET 81
FIGURE 33 SAUDI ARABIA – AN ATTRACTIVE DESTINATION FOR ALL PRODUCT CATEGORIES 82
FIGURE 34 COMPANIES ADOPTED CONTRACTS AS THE KEY GROWTH STRATEGY FROM
2011 TO 2014 108
FIGURE 35 EXPRO INTERNATIONAL GROUP LTD. GREW AT THE FASTEST RATE BETWEEN
2011 – 2013 109
FIGURE 36 GLOBAL WELL TESTING SERVICES MARKET, MARKET SHARE BY REVENUE, BY KEY PLAYERS, 2013 110
FIGURE 37 MARKET EVALUATION FRAMEWORK 111
FIGURE 38 MERGERS & ACQUISITIONS AND NEW PRODUCT DEVELOPMENT ARE THE SECOND MOST POPULAR STRATEGIES FOR CAPTURING MARKET SHARE 112
FIGURE 39 BATTLE FOR MARKET SHARE (2011-2014): CONTRACTS IS THE KEY STRATEGY 112
FIGURE 40 GEOGRAPHIC REVENUE MIX OF TOP 5 MARKET PLAYERS 122
FIGURE 41 EXPRO INTERNATIONAL GROUP LTD: COMPANY SNAPSHOT 123
FIGURE 42 EXPRO INTERNATIONAL GROUP LTD: SWOT ANALYSIS 127
FIGURE 43 HALLIBURTON COMPANY: COMPANY SNAPSHOT 128
FIGURE 44 HALLIBURTON COMPANY: SWOT ANALYSIS 131
FIGURE 45 SCHLUMBERGER: COMPANY SNAPSHOT 132
FIGURE 46 SCHLUMBERGER: SWOT ANALYSIS 136
FIGURE 47 TETRA TECHNOLOGIES INC.: COMPANY SNAPSHOT 137
FIGURE 48 TETRA TECHNOLOGIES INC.: SWOT ANALYSIS 139
FIGURE 49 WEATHERFORD: COMPANY SNAPSHOT 140
FIGURE 50 WEATHERFORD INTERNATIONAL LTD.: SWOT ANALYSIS 142
FIGURE 51 AGR GROUP ASA: BUSINESS OVERVIEW 143
FIGURE 52 FMC TECHNOLOGIES INC.: COMPANY SNAPSHOT 145
FIGURE 53 HELIX ENERGY SOLUTIONS GROUP INC.: COMPANY SNAPSHOT 150
FIGURE 54 MB PETROLEUM SERVICES LLC.: COMPANY SNAPSHOT 152
FIGURE 55 MINERAL TECHNOLOGIES INC.: COMPANY SNAPSHOT 154
“
