Well Testing Services Market to reach more than US$ 10 Bn by 2026

1. Well Testing Services Market  Report Id : TMRGL48234 Category : Power Published Date: 2018-08-13

2. About TMR TMR (Transparency Market Research) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. TMR is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solution for our client. Syndicated Research Consulting Services Energy & Natural Resources Procurement solutions Research Capabilities Heavy Engineering Equipment Food & Beverages Factory Automation Sector Coverage • Customized Research • Syndicated Research • Investment Research • Social Media Research Healthcare • Automotive & Transport • Chemicals & Materials • Consumer Goods & Services • Electronics & Semiconductors • Energy & Natural Resources • Factory Automation • Defense • Food & Beverages • Healthcare • IT & Telecom • Packaging • Pharmaceutical • Heavy Engineering Equipment Energy & Natural Resources Consumer Goods & Services Electronics & Semiconductors Defense Subscription Information For detailed subscription information please contact Website: www.transparencymarketresearch.com For sales queries or new topics email us on: sales@transparencymarketresearch.com Chemicals & Materials Automotive & Transport Packaging Pharmaceutical

3. Research Methodology (1/2) Systematic Research Approach Research & Intelligence Data Collection Actionable Insights Data Filter & Analysis Business Solution Market profiling 1 2 Formulating discussion guide • Identifying key opinion leaders • Questionnaire design • In-depth interviews • Coverage across value chain 3 A Developing list of respondents Primary Research • Key industry experts • Channel study • Developments • Market dynamics • Products • Conclusions 4 Data collection SOLUTION B • Market participants • Key strengths • Product portfolio • Mapping as per value chain • Key focus segments 5 Desk Research Data validation 6 C • Paid Publications# • Secondary Research # Data analysis Primary Research # Company Analysis • Linkedin • Zoominfo • Salesforce • Avention • Company websites • Company annual reports • White papers • Financial reports • Factiva • GBI • Genios • Meltwater 7 Insights # includes sources of databases

4. Well Testing Services MarketAnalysis The global well testing services market was valued at approximately US$ 6 Bn in 2017 and is anticipated to expand at a CAGR of more than 6% from 2018 to 2026, according to a new report titled ‘Well Testing Services Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’ by Transparency Market Research (TMR). Rising expenditure on offshore E&P activities is expected to propel the demand for well testing services across the globe. Request A Sample Of Well Testing Services Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=48234 Subsea services to remain a dominant type segment during the forecast period Among types, the subsea services segment constituted more than 25% share of the global well testing services market in 2017. Subsea services involve a complete package of equipment installation, jointing, personnel, and maintenance. Subsea services include installation services, asset management services, inspection maintenance and repair (IMR), and production optimization services, which are related to subsea oil & gas assets. Subsea landing strings are widely used for offshore well testing operations. They are employed to reduce the risk associated with the use of tools designed for ultra-deep-water, high-pressure and extreme-temperature reservoir testing. They are used in offshore well testing, completion and intervention projects. Subsea services consist of subsea landing string operating systems, subsea test tree systems, and subsea service support infrastructure. The investment in subsea landing string services is higher than other services, due to their several uses in offshore operations. Thus, the subsea services segment holds a major share, in term of value, of the global market. North America dominated the global market for well testing services in 2017, owing to presence of a large number of rig wells in the U.S. and Canada. The U.S. possessed more than 850 rigs and Canada owned more than 200 rigs in 2017.

5. Well Testing Services Market Analysis Stringent EPA regulations and weakening prices of crude oil to impact the market The U.S. EPA promulgated the ‘Oil & Gas Extraction Effluent Guidelines & Standards (40 CFR Part 435)’ in 1979. It amended these regulations in 1993, 1996, 2001, and 2017. The regulations cover wastewater discharge from field exploration, drilling, production, well treatment, and well completion activities. These activities take place on land, coastal areas, and off the shore. The EPA established pre-treatment standards under Sub-part C in 2017. These standards prohibit discharge of wastewater pollutants from onshore unconventional oil & gas (UOG) extraction facilities to publicly owned treatment works. The EPA has not promulgated effluent limitations guidelines and standards for pollutant discharge from coal bed methane extraction facilities. Declining prices of crude oil can have an adverse effect on well testing services across the globe. Governments of several countries have imposed strict norms on carbon emissions, which has shifted investments to the renewable energy sector. Governments are providing subsidies for generation of renewable power, which has made well testing a highly lucrative market.

6. Well Testing Services Market Analysis Highly competitive market with the dominance of top players The global well testing services market is highly competitive. The market is highly fragmented with the presence of a large number of local and international players in the market. Leading players dominate the market. Key players operating in the global well testing services market are Schlumberger Limited, HELIX ESG, Halliburton, Expro Group, Weatherford International Plc., SGS S.A., Tetra Technologies, Inc., TestAlta, CETCO Energy Services, Oil States International, Inc., PTS Production Technology & Services Inc., Abraj Energy Services SAOC, Emerson Automation Solutions, Integra Group, and TechnipFMC plc.