Robust Growth Visible for Well Testing Services Market 2021-2025 |Schlumberger, Weatherford, Halliburton, Tetra, FMC Technologies, Mineral Tech, AGR Group, Expro Group, Jaguar Energy

Global Well Testing Services Market Synopsis:

The exclusive research report on the Global Well Testing Services Market 2021-2025 examines the market in detail along with focusing on significant market dynamics for the key players operating in the market. Global Well Testing Services Industry research report offers granulated yet in-depth analysis of revenue share, market segments, revenue estimates and various regions across the globe.

The Global Well Testing Services Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Well Testing Services market size to maintain the average annual growth rate of 6.74% from US$ 995 Million in 2015 to US$ 1210 Million in 2019, market analysts believe that in the next few years, Well Testing Services market size will be further expanded, we expect that by 2025, The market size of the Well Testing Services will reach US$ 1650 Million.

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Some of the major key factors driving the growth of the Global Well Testing Services Market are energy demand growth across the globe, rapid growth in the global E&P spending along with the increase in the drilling activity in the offshore region.

Significant points in table of contents: Market Definition, Market Overview, Business Introduction, Segmentation (Region Level), Segmentation (Type Level), Segmentation (Industry Level), Segmentation (Channel Level), Market Forecast Year, Segmentation Type, Segmentation Industry, Market Cost Analysis, and Conclusion. The Well Testing Services Market is segmented based on Product, source, application and Regions. On the basis of product, the market is sub-segmented.

Regionally, North American dominated the market in 2013 and is expected to remain the largest consumer over the forecast period. Increasing E&P expenditure and increasing shale gas activities particularly in the U.S. and Canada is expected to enhance demand for these services over the forecast period. APAC is also projected to witness above average growth owing to increasing E&P activities in countries such as China, Indonesia, Malaysia, and India.

Top Major Key Players in the Global Well Testing Services Market:

1 Schlumberger

2 Weatherford International

3 Halliburton

4 Rockwater Energy Solutions

5 Tetra Technologies

6 FMC Technologies

7 Helix Energy Solutions Group

8 Greene's Energy Group

9 Mineral Technologies

10 AGR Group

11 Expro Group

12 MB Petroleum Services

13 All-State Well Testing Service

14 Jaguar Energy

15 Striclan

16 PTS Technologies

17 SGS

18 Oil States and More……………

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Product Type Segmentation

1 Down-Hole Testing

2 Real Time Well Testing

3 Reservoir Sampling and Analysis

4 Surface Well Testing

Industry Segmentation

1 Onshore

2 Offshore

International Business News:

Schlumberger (March 18, 2021) - Schlumberger New Energy Venture to Launch a Lithium Extraction Pilot Plant in Nevada - Schlumberger New Energy announced today the development of a lithium extraction pilot plant through its new venture, NeoLith Energy. The deployment of the pilot plant will be in Clayton Valley, Nevada, USA. The NeoLith Energy sustainable approach uses a differentiated direct lithium extraction (DLE) process to enable the production of high-purity, battery-grade lithium material while reducing the production time from over a year to weeks. This innovative process can create new market opportunities for lithium extraction and battery manufacturing economy, and maximize the value of the lithium-rich resource base in Nevada with cutting-edge extraction technology.

The demand for battery-grade lithium is projected to grow exponentially, driven by growth in the electric vehicle (EV) market. As EVs greatly depend on lithium-ion rechargeable batteries, sustainable and efficient lithium production has become an important topic for regions, industries, and technology companies, as well as battery and large automotive manufacturers. NeoLith Energy’s pilot plant is a step towards a full-scale, commercial lithium production facility. The pilot plant results will be used to optimize the design of the full-scale production plant. The production plant will utilize an environmentally friendly method for subsurface brine extraction and lithium production that requires a significantly smaller footprint and reduces water consumption by over 85% compared to current methods for lithium extraction from brine.

“Nevada lithium resources present an excellent opportunity to demonstrate a leap in production efficiency with a more sustainable approach,” said Ashok Belani, Schlumberger New Energy executive vice president. “Schlumberger’s expertise in the subsurface domain, development of process technology, and global deployment of technology at scale with various partners all play an important role in the innovation and efficiency of our DLE process. We are accelerating the deployment of our pilot plant in response to the high market demand for battery-grade lithium material.”

The pilot plant’s deployment is part of the Pure Energy Minerals agreement with Schlumberger New Energy for the development of its Nevada lithium brine property, using advanced technology to process the brine and extract high-purity lithium, maximizing the lithium resource recovery. Commissioning of the pilot plant will begin following receipt of all necessary permits. NeoLith Energy intends to begin operations before the end of 2021.

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Major Points in Table of Contents:

Global Well Testing Services Market Report 2021

1 Well Testing Services Product Definition

2 Global Well Testing Services Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Well Testing Services Shipments

2.2 Global Manufacturer Well Testing Services Business Revenue

2.3 Global Well Testing Services Market Overview

2.4 COVID-19 Impact on Well Testing Services Industry

3 Manufacturer Well Testing Services Business Introduction

3.1 Schlumberger Well Testing Services Business Introduction

3.2 Weatherford International Well Testing Services Business Introduction

3.3 Halliburton Well Testing Services Business Introduction

3.4 Rockwater Energy Solutions Well Testing Services Business Introduction

3.5 Tetra Technologies Well Testing Services Business Introduction

3.6 FMC Technologies Well Testing Services Business Introduction

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