Global Well Testing Services Market Professional Survey Report 2018

Published - Aug 2018 | Category - Energy and Power | No. of Pages - 116 | Published By - Global QYResearch

The Well Testing Services market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Well Testing Services is expected to reflect a 1.6x increase in the revenue growth. In 2017 the global Well Testing Services market was valued at US$ 6,943 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 11,167 Mn growing at a value CAGR of 6.12% throughout the period of forecast.

Global Well Testing Services Market: Market Driver and Restraint

Investment in well testing services is shifting from onshore to offshore E&P activities. Offshore well testing services are more lucrative than onshore well testing services for various service providers. Downhole is used to measure accurate pressure even under hostile conditions. Different types of downhole testing tools include slip joints, circulating and reversing valves, downhole tester valves, downhole safety valves, downhole sampling, downhole pressure gauges, retrievable packer, pressure test and fill-up valves, jars and safety joints, and testing packers. Downhole sampling is also used to recover formation fluid samples at reservoir conditions with a suite of pressure compensating equipment that allows controlled, uncontaminated sampling without flashing. Conventional drill stem testing (DST) is a proven and cost-effective means of evaluating a well. These tools are used as cased hole test tools and open hole test tools. Tools used in cased hole testing include circulating valves, tester valves, packers, and a range of accessory tools. Open hole testing tools comprise packers, valves, safety joints, and testers. Data acquisition services/real time monitoring is used to ensure reliability, accuracy, and easy access to information as it is being measured for well testing. Data acquisition is one of the most important objectives of well testing. Equipment used to perform a well test has improved technologically over the years; however, the need to acquire data remains the same.


 

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