GCC Well Testing Services Market

Market Overview:

The GCC well testing services market is expected to exhibit a CAGR of 6.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Well testing refers to the process of data acquisition from a live well to analyze reservoir's behavior in the real-time. This process provides various information regarding pressure control, absorbency, fluid characterization, reservoir characterization, etc. Well testing services are widely adopted for both onshore and offshore oil/gas field discovery, appraisal, and production activities. These services can be primarily classified into downhole testing service, surface well testing service, reservoir sampling service, and real time well testing service.

In the GCC region, the wide presence of oil and gas fields along with the growing number of drilling and production activities is currently driving the demand for well testing services. Several drilling companies in the region are getting inclined towards these services for attaining information related to detailed fluid properties, precise pressure measurements, production assessment, etc. Additionally, the rising utilization of fossil fuels across diverse sectors is also augmenting the need for well testing services for analyzing production capacity and economic viability of oil and gas wells. Moreover, the increasing investments by several government organizations in the GCC region to examine maturing oil and gas wells and upgrade old infrastructures are further catalyzing the market growth. Apart from this, the emergence of high precision drilling measurement and reservoir condition measurement instruments for accurate and advanced testing procedures, will also continue to drive the market for well testing services in the GCC region.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the GCC well testing services market, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on stage, application and service.

Breakup by Stage:

• Exploration, Appraisal & Development
• Production
   

Breakup by Application:

• Onshore
• Offshore
   

Breakup by Service:

• Downhole Testing Service
• Surface Well Testing Service
• Reservoir Sampling Service
• Real Time Well Testing Service
   

Breakup by Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain
   

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the keyplayers being AlMansoori, ANSCO inc. (Dycom Industries Inc.), FOS Energy LLC, Gulf Energy SAOC (National Energy Services Reunited Corp.), Halliburton, MB Petroleum Services (MB Holding Company LLC ), Schlumberger Limited., SGS S.A, Specialist Services Group., Sprint Oil & Gas Services (DMCC), Vanguard Engineering & Oil Field Services and Weatherford International plc.

Report Coverage:

Key Questions Answered in This Report:

• How has the GCC well testing services market performed so far and how will it perform in the coming years?
• What is the impact of COVID-19 on GCC well testing services market?
• What are the key regional markets?
• What is the breakup of the market based on the stage?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the service?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the market?
• What is the structure of the GCC well testing services market and who are the key players?
• What is the degree of competition in the market?