In the ever-evolving landscape of oil and gas exploration, achieving peak performance is the key to success. The Well Testing Services Market, with an estimated value of US$ 6.5 billion in 2022, is poised for remarkable growth, projecting a robust CAGR of 6.6% to reach US$ 9.57 billion by 2028.
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Key Players
Some of the major players in the well testing services market are-
- AGR Group ASA
- AGR Group ASA
- Expro International Group Ltd
- FMC Technologies Inc
- Halliburton Company
- Helix Energy Solutions Group Inc
- MB Petroleum Services LLC
- Mineral Technologies Inc.
- Schlumberger
- Tetra Technologies Inc
- Weatherford
Regional Analysis
In terms of regions, North America is estimated to dominate the well-testing services market during the forecast period. The growth is attributed to the increase in the production of hydrocarbons moving towards several discoveries and active rigs. The USA holds over 50% of new wells drilled. On the other hand, Asia-Pacific holds the second position as the major contributors from China, India, Indonesia, and Thailand are anticipated to offer lucrative growth opportunities during the forecasted period.
Conclusion:
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