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The Well Testing Services Market size is projected to reach a CAGR of 6.7% from 2022 to 2028.
Well Testing is performed in the oil and gas industry. It includes a set of pre-planned data acquisition activities used to collect data and knowledge about the properties and characteristics of the nature and composition of the oil and gas in the well. There are majorly 5 types of tests which are performed namely Pressure Build-Up, Injection/Fall-Off, Multi-rate, Multiple well, and Closed Chamber.
Recent adoption of the non-conventional oil and gaseous resources are some of the factors that have supported long-term expansion for Well Testing Services Market.
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Recent Developments
- In October 2021, EXPRO Group joined hands with Frank’s International N.V. which is a global oil services company which offers wide range of highly engineered drilling and completions solutions and services.
Prominent Players
· Schlumberger
· Halliburton
· EXPRO Group
· Baker Hughes
· Weatherford
· SGS SA
· National Energy Services Reunited Corp.
· Tetra Technologies, Inc.
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North America to Dominate the Market
North America is the most rapidly growing market and offers a huge opportunity for the automotive industry, whose growth is driven by the presence of vast shale reserves in the region.
Well Testing Services Market Segmentation:
On the basis of Service
· Downhole Well Testing
· Surface Well Testing
· Reservoir Sampling
· Real Time Well Testing
· Hydraulic Fracturing Method Testing
On the basis of Stages
· Exploration, Appraisal and Development
· Production
On the basis of Wells Type
· Horizontal wells
· Vertical wells
On the basis of Application
· Onshore
· Offshore
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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