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well testing services market

Well Testing Services Market Share, Size, Trends, Industry Analysis Report, By Application (Onshore, Offshore); By Well Type (Horizontal Wells, Vertical Wells); By Service; By Stages; By Region; Segment Forecast, 2022 - 2030

  • Published Date: May 2022
  • Pages: 113
  • Format: PDF
  • Report ID: PM2380
  • Base Year: 2021
  • Historical Data: 2018 - 2020

Report Summary

The global well testing services market was valued at USD 6.50 billion in 2021 and is expected to grow at a CAGR of 6.2% during the forecast period. The surging market demand for energy and its resources, coupled with the rising investments in exploration & production activities, are the chief factors that are anticipated to accelerate the global market growth.

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The testing monitors have the reservoir’s ability to generate hydrocarbons like oil & gas and condensates that find various applications during formation pressure measurement, skin interpretation & permeability, fluid characterization, and reservoir characterization.

Accordingly, the rising application of these segments is propelling the well testing services market demand in the near future. Additionally, the rising need for reservoir condition measurement instruments and high precision Measurement While Drilling (MWD) is also anticipated to foster the testing services industry demand. Moreover, rising emphasis on the unconventional oil & gas reserve and increasing government support for the discovery of unconventional oil & gas reserves is also offering lucrative opportunities for global market growth in the near future.

The outbreak of the COVID-19 shows a huge impact on almost every sector of the economy. To prevent the spread of the virus government was forced to execute several measures like stringent social distancing norms and lockdown. Accordingly, the spread of COVID-19 exhibits a significant threat in the oil & gas sector. There were above 15 globally leading oil & gas companies declared a substantial cut down in their capital spending programs.

During this period, transportation and associated activities were also impacted by declines in the demand for oil & gas. Therefore, these factors had caused disruptions in the various developing activities by leading players, which restricted the testing services industry's demand for the testing services. This pandemic has halted production activities because of rapid build-up of oil stocks has saturated the accessible storage spaces in several regions, thus, also leading to a downfall in the prices. Hence, the COVID-19 has hindered upstream activities, which, in turn, negatively influence the well testing services industry growth around the world.

Industry Dynamics

Growth Drivers
The rising investment in the exploration and adoption of unconventional oil & gas resources are the primary factors that are propelling the testing services industry demand across the globe. The unconventional oil & gas resources do not occur in conventional formations and also need specific extraction or production procedures. These resources generally involve coalbed methane (CBM), tight oil & gas, shale gas & oil, and natural gas hydrates.

These resources are not chemically varied from the other conventional oil & gas resources. There are abundant conventional resources; however, the production of these resources is adequate to fulfil the present well testing services market demand. The unconventional oil & gas resources are significantly gaining huge traction owing to their rising oil price. Unconventional oil & gas resources are extensively used owing to the rising use of conventional resources.

For instance, according to the International Energy Agency (IEA) World Energy Outlook 2009, the production of unconventional oil production was accounted for the 1.8 mb/d in 2008, which will rise to 7.4 mb/d by 2030. Also, by 2035, global unconventional oil production is anticipated to grow to 15.3% of the total oil production across the globe. Therefore, growing unconventional oil & gas production of leads to the rising interest in extensive exploration activities, which, in turn, surges the well testing services market demand for testing services in the exploration sites worldwide.

Report Segmentation

The market is primarily segmented on the basis of services, application, well type, stages, and region.

By Services

By Application

By Well Type

By Stages

By Region

  • Downhole Testing
  • Surface Testing
  • Reservoir Sampling
  • Real Time Testing
  • Hydraulic Fracturing Method Testing
  • Onshore
  • Offshore
  • Horizontal
  • Vertical
  • Exploration, Appraisal and Development
  • Production
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Application

The onshore market segment is recorded to hold the largest revenue share and is dominating the global market in the forecasting years. The onshore drilling includes overall drilling site areas that are performed on dry land and recorded with 70% of global oil production. The rising investment for onshore exploration and re-exploration activities, coupled with the increasing number of technological developments to attain cost and operational proficiency, is anticipated to act as a catalyzing factor for the market segment growth.

The growing government support for the development of the oil & gas industry is further supporting the segment demand. For instance, in 2019, Oil and Natural Gas Corporation (ONGC) declared that the corporation had contributed INR 6,000 crore for drilling 200 wells over the upcoming seven years in Assam to boost the output of oil & gas from the state.

Thereby, rising investment in the onshore oil & gas sector, increasing focus on crude oil price stability, and growing exploration of unconventional resources are driving the segment growth across the globe. The offshore market segment is projected to witness a progressive growth rate in the forecasting years. The rising inclination for the offshore oil & gas field, coupled with the rising application of testing services in the offshore fields such as pipelines, reservoirs, and production facilities, are attributed to the segment growth.

The primary objective of the offshore application is to explore underground geological formations for performing commercial practices to extract oil & gas. Moreover, various companies are inclining towards accessing new areas, involving operations in numerous remote and deeper offshore regions consequentially. These factors are projected to fuel the segment demand in the approaching years.

 Geographic Overview

North America accounted for the largest revenue share in the global market. The presence of vast shale reserves, coupled with the rising investments in the exploration and production of these resources by the oilfield operators, are consequently propelling the market demand for testing services. The U.S. was accounted as the largest producer of oil & gas as of 2019, with above 900,000 active oil and gas wells, and nearly 130,000 have been drilled since 2010. Also, in 2018, the United States recorded three vital oil discoveries, encompassing one at Appomattox (140 Mb) underneath 2,300 m of water and two in the Gulf of Mexico, at Ballymore (545 Mb) at a below 2,000 m underwater.

Moreover, as per the Canadian government report issued in 2018, oil production in Canada is likely to account for 4.5 mmbpd by the end of 2020, and production is projected to rise from an offshore well that is located in the West Orphan Basin, Labrador, and offshore Newfoundland, which is assessed to clasp 25.5 bbl of oil and 20.6 tcf of gas. Therefore, rising demand for oil & gas and growing E&P investment are stimulating the well testing services market demand across the North American region.

Moreover, the Asia Pacific is projected to register the highest CAGR over the forecasting years. The rising number of testing services, and growing investments in the oil and gas sector, majorly across India, Indonesia, and China, are the primary factors that are attributing to the market demand. Additionally, increasing drilling activity, flourishing growth of the energy & power industries, and rising spending in the oil reserves discovery are further anticipated to present various growth prospects to the market development over the forecasting years.

Competitive Insight

Some of the major players operating in the global market include Baker Hughes, Edge Drilling, EXALO Drilling SA, EXPRO Group, Greene’s Energy Group, Halliburton, National Energy Services Reunited, Oilserv, Schlumberger Limited, SGS SA, Stuart Wells Limited, TechnipFMC, Tetra Technologies, Inc., Weatherford, and Wellmax.

Well Testing Services Market Report Scope

Report Attributes


Market size value in 2021

USD 6.50 Billion

Revenue forecast in 2030

USD 10.97 Billion


6.2% from 2022 - 2030

Base year


Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD Million/Billion and CAGR from 2022 to 2030

Segments covered

By Services, By Application, By Well Type, By Stages, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key companies

Baker Hughes, Edge Drilling, EXALO Drilling SA, EXPRO Group, Greene’s Energy Group, Halliburton, National Energy Services Reunited, Oilserv, Schlumberger Limited, SGS SA, Stuart Wells Limited, TechnipFMC, Tetra Technologies, Inc., Weatherford, and Wellmax

Key Take-Away
Polaris Market Research
Well Testing Services Market Size Global Report, 2022 - 2030