• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD

Coiled Tubing Market by Services, Active Fleet & by Geography - Global Trends & Forecast to 2019

  • ID: 3066501
  • November 2014
  • Region: Global
  • 162 Pages
  • Markets and Markets
This has enhanced the coiled tubing market which is estimated to grow and reach value of approx. $4.3 billion at a CAGR of 7-8% from 2014 to 2019.

FEATURED COMPANIES

  • Archer Limited
  • Baker Hughes Inc.
  • C&J Energy Services, Inc.
  • Halliburton Company
  • Key Energy Services, Inc.
  • Nabors Industries Ltd.
  • MORE

Coiled Tubing Market by Services [(Well Intervention (Well Completion & Well Cleaning) & Drilling], Active Fleet & by Geography - Global Trends & Forecast to 2019

This report estimates the coiled tubing services market in terms of value in $million. This has been broken down into component regions and further split into countries.

A Coil Tubing unit usually comprises a set of equipment to perform standard continuous-length tubing operations in the oil and gas fields. Coiled tubes are generally made of low-alloy carbon-steel and range from 0.75 inches to 4 inches in diameter with single reel tubing lengths reaching 30,000 feet with yield strengths ranging from 55,000 PSI to 120,000 PSI.

Coiled tubing is needed during the completion phase as well during the oil recovery phase. With the maturing fields, there is the decline in the production of oil which draw the attention of the exploration & production companies towards the innovation of the currently existing products. This leads to increase in investments in the energy sector, especially in shale gas development projects, leading to the increase in market for Coiled Tubing.

The size of READ MORE >

Note: Product cover images may vary from those shown
This has enhanced the coiled tubing market which is estimated to grow and reach value of approx. $4.3 billion at a CAGR of 7-8% from 2014 to 2019.

FEATURED COMPANIES

  • Archer Limited
  • Baker Hughes Inc.
  • C&J Energy Services, Inc.
  • Halliburton Company
  • Key Energy Services, Inc.
  • Nabors Industries Ltd.
  • MORE

1 Introduction
1.1 Objectives
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Introduction
2.1.1 Key Data From Secondary Sources
2.1.2 Key Data From Primary Sources
2.1.2.1 Key Industry Insights
2.2 Breakdown of Primary Interviews
2.3 Market Size Estimation
2.3.1 Market Breakdown and Data Triangulation
2.3.2 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in Global Coiled Tubing Market
4.2 Global Coiled Tubing Market – Service Segment
4.3 Coiled Tubing Market in Africa
4.4 Global Coiled Tubing Market, 2014-2019
4.5 Global Coiled Tubing Market, By Service Type (2019)
4.6 Well Intervention Market, Developed vs.. Developing Nations
4.7 Well Intervention Services Lead the Market in Africa Too

5 Market Overview
5.1 Introduction
5.2 Coiled Tubing Market Segmentation
5.2.1 Coiled Tubing Market, By Service Type
5.2.2 Coiled Tubing, By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Redevelopment of Mature Field Wells
5.3.1.2 Reinforcing Existing Reserves
5.3.1.2.1 Proved Oil Reserves
5.3.1.2.2 Proved Gas Reserves
5.3.1.3 Increasing Demand for Energy Globally
5.3.2 Restraints
5.3.2.1 High Market Competition
5.3.2.2 Stringent Government Regulations
5.3.2.3 Stringent Environmental Policies
5.3.3 Opportunities
5.3.3.1 Emerging Markets
5.3.3.2 Focus on Unconventional Reserves
5.3.3.3 Growing offshore E&P Capex
5.3.3.4 Rapidly Growing Demand for Large Diameter Coiled Tubing
5.3.4 Challenges
5.3.4.1 Lack of Experienced Technical Professionals
5.3.4.2 Increasing Lengths of Horizontal Wells

6 Industry Trends
6.1 Introduction
6.2 Supply Chain Analysis
6.3 Porter’s Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Degree of Competition

7 Coiled Tubing Active Fleet
7.1 Coiled Tubing Active Fleet, By Region
7.1.1 Introduction
7.1.2 Asia-Pacific
7.1.3 Europe
7.1.4 Middle East
7.1.5 Africa
7.1.6 North America
7.1.7 South America
7.2 Coiled Tubing Active Fleet, By Operators
7.2.1 Introduction
7.2.2 Schlumberger Limited
7.2.3 Halliburton Company
7.2.4 Baker Hughes Inc.
7.2.5 Weatherford International, Inc.

8 Coiled Tubing Market, By Services
8.1 Introduction
8.2 Global Coiled Tubing Market, By Service Types
8.2.1 Well Intervention Services, By Region
8.2.1.1 North America
8.2.1.2 Europe
8.2.1.3 Asia-Pacific
8.2.1.4 Middle East
8.2.1.5 South America
8.2.1.6 Africa
8.2.2 Well Intervention Services, By Types
8.2.2.1 CT Well Cleaning & Pumping Operations Market, By Region 2012-2019, ($Million)
8.2.2.2 CT Well Completions & Mechanical Operations Market, By Region 2012-2019, ($Million)
8.2.3 CT Well Intervention Services Market, By Region, 2012-2019 ($Million)
8.2.3.1 North America
8.2.3.2 Europe
8.2.3.3 Asia-Pacific
8.2.3.4 Middle East
8.2.3.5 South America
8.2.3.6 Africa
8.2.4 Coiled Tubing Drilling Market Size, By Region, 2012-2019 ($Million)
8.2.4.1 North America
8.2.4.2 Europe
8.2.4.3 Middle East
8.2.4.4 South America
8.2.4.5 Africa
8.2.5 Coiled Tubing Other Services Market Size, By Region, 2012-2019 ($Million)
8.2.5.1 North America
8.2.5.2 Europe
8.2.5.3 Asia-Pacific
8.2.5.4 Middle East
8.2.5.5 South America
8.2.5.6 Africa

9 Geographic Analysis
9.1 Introduction
9.2 Global Coiled Tubing Market, By Region, 2012-2019 ($Million)
9.3 North America
9.3.1 North America Coiled Tubing Market Size, By Country
9.3.2 North America: A Mature Market Growing at A Moderate Growth Rate
9.3.2.1 U.S.
9.3.2.2 Canada
9.3.2.3 Mexico
9.4 Europe
9.4.1 Europe: Coiled Tubing Market Size, By Country
9.4.2 Europe: Coiled Tubing Market Size, By Services Types
9.4.2.1 Russia
9.4.2.2 U.K.
9.4.2.3 Ukraine, Poland, Norway, Netherlands, Romania and Croatia
9.4.2.4 Rest of Europe
9.5 Asia-Pacific
9.5.1 Asia-Pacific: Coiled Tubing Market Size, By Country
9.5.2 Asia-Pacific: Coiled Tubing Market Size, By Services Types
9.5.2.1 China
9.5.2.2 India
9.5.2.3 Kazakhstan
9.5.2.4 Australia
9.5.2.5 Indonesia, Pakistan, Azerbaijan, Brunei, Turkmenistan and Uzbekistan
9.5.2.6 Far East & Others
9.6 Middle East
9.6.1 Middle East: Coiled Tubing Market Size, By Country
9.6.2 Middle East: Coiled Tubing Market Size, By Services Types
9.6.2.1 Saudi Arabia
9.6.2.2 UAE
9.6.2.3 Kuwait
9.6.2.4 Iraq, Oman and Qatar
9.6.2.5 Rest of Middle East
9.7 South America
9.7.1 South America: Coiled Tubing Market Size, By Country
9.7.2 South America:Coiled Tubing Market Size, By Services Types
9.7.2.1 Brazil
9.7.2.2 Venezuela
9.7.2.3 Argentina
9.7.2.4 Rest of South America
9.8 Africa
9.8.1 Africa: Coiled Tubing Market Size, By Country
9.8.2 Africa:Coiled Tubing Market Size, By Services Types
9.8.2.1 Algeria
9.8.2.2 Egypt
9.8.2.3 Nigeria, Angola & Libya
9.8.2.4 West Africa , Tunisia and Syria, Congo and Gabon
9.8.2.5 Rest of Africa

10 Competitive Landscape
10.1 Overview
10.2 Growth Strategies in the Coiled Tubing Market
10.2.1 Mergers & Acquisitions Lead the Way
10.3 Competitive Situation & Trends
10.3.1 Analysis of Market Developments
10.3.2 New Product Launches, 2011–2014
10.3.3 Contracts & Agreements, 2011–2014
10.3.4 Mergers & Acquisitions, 2011–2014
10.3.5 Expansions, 2011–2014
10.3.6 Other Developments, 2011–2014

11 Company Profiles
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
11.1 Introduction
11.2 Baker Hughes Inc.
11.3 Halliburton Company
11.4 Nabors Industries Ltd.
11.5 Schlumberger Ltd
11.6 Superior Energy Services, Inc.
11.7 Weatherford International Ltd
11.8 Archer Limited
11.9 C&J Energy Services, Inc.
11.10 Calfrac Well Services Ltd.
11.11 Key Energy Services, Inc.
11.12 RPC, Inc.
11.13 Trican
11.14 Sanjel Corporation

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of

Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Introducing RT: Real Time Market Intelligence
12.4 Available Customizations
12.5 Related Reports

List of Tables (109 Tables)

Table 1 Impact Analysis of Market Dynamics
Table 2 CT Active Fleet Count, By Region, 2012–2013 (Units)
Table 3 Asia-Pacific: CT Active Fleet Count, By Countries, 2012–2013 (Units)
Table 4 Europe: Coiled Tubing Fleet Count, 2012–2013 (Units)
Table 5 Middle East: Coiled Tubing Fleet Count, 2012–2013 (Units)
Table 6 Africa: Coiled Tubing Fleet Count, 2012–2013 (Units)
Table 7 North America: Coiled Tubing Fleet Count, 2012 – 2013, (Units)
Table 8 South America: Coiled Tubing Fleet Count, 2012–2013 (Units)
Table 9 CT Active Fleet Count, By Major Operators, 2012-2013 (Units)
Table 10 Schlumberger: Global Coiled Tubing Fleet Count, 2012–2013 (Units)
Table 11 Schlumberger: Coiled Tubing Fleet Count, Asia-Pacific, By Country, 2012–2013 (Units)
Table 12 Schlumberger: Coiled Tubing Fleet Count, Middle East, By Country, 2012–2013 (Units)
Table 13 Schlumberger: Coiled Tubing Fleet Count, Africa, By Country, 2012–2013 (Units)
Table 14 Schlumberger: Coiled Tubing Fleet Count, North America, By Country, 2012–2013 (Units)
Table 15 Schlumberger: Coiled Tubing Fleet Count, South America, By Country, 2012–2013 (Units)
Table 16 Halliburton: Global Coiled Tubing Fleet Count, By Region 2012–2013 (Units)
Table 17 Halliburton: Coiled Tubing Fleet Count, Asia-Pacific, By Country 2012–2013 (Units)
Table 18 Halliburton: Coiled Tubing Fleet Count, Middle East, By Country, 2012–2013 (Units)
Table 19 Halliburton: Coiled Tubing Fleet Count, Europe, By Country, 2012–2013 (Units)
Table 20 Halliburton: Coiled Tubing Fleet Count, Africa, By Country, 2012–2013 (Units)
Table 21 Halliburton: Coiled Tubing Fleet Count, North America, By Country 2012–2013 (Units)
Table 22 Halliburton: Coiled Tubing Fleet Count, South America, By Country, 2012–2013 (Units)
Table 23 Baker Hughes: Global Coiled Tubing Fleet Count, 2012–2013 (Units)
Table 24 Baker Hughes: Coiled Tubing Fleet Count, Asia-Pacific, By Country, 2012–2013 (Units)
Table 25 Baker Hughes: Coiled Tubing Fleet Count, Middle East, By Country, 2012–2013 (Units)
Table 26 Baker Hughes: Coiled Tubing Fleet Count, Europe, By Country, 2012–2013 (Units)
Table 27 Baker Hughes: Coiled Tubing Fleet Count, Africa, By Country, 2012–2013 (Units)
Table 28 Baker Hughes: Coiled Tubing Fleet, North America, By Country, 2012–2013 (Units)
Table 29 Baker Hughes: Coiled Tubing Fleet, South America, By Country, 2012–2013 (Units)
Table 30 Weatherford: Global Coiled Tubing Fleet Count, By Region, 2012–2013 (Units)
Table 31 Weatherford: Coiled Tubing Fleet Count, Middle East, By Country, 2012–2013 (Units)
Table 32 Weatherford: Coiled Tubing Fleet Count, Europe, By Country, 2012–2013 (Units)
Table 33 Weatherford: Coiled Tubing Fleet Count, Africa, By Country, 2012–2013 (Units)
Table 34 Weatherford: Coiled Tubing Fleet Count, North America, By Country, 2012–2013 (Units)
Table 35 Weatherford: Coiled Tubing Fleet Count, South America, By Country, 2012–2013 (Units)
Table 36 Coiled Tubing: Market Size, By Service Type, 2012-2019 ($Million)
Table 37 Well Intervention Services: Market Size, By Region,2012-2019 ($Million)
Table 38 North America: Well Intervention Services Market Size, By Country, 2012-2019 ($Million)
Table 39 Europe: Well Intervention Services Market Size, By Country, 2012-2019 ($Million)
Table 40 Asia-Pacific: Well Intervention Services Market Size, By Country, 2012-2019 ($Million)
Table 41 Middle East: Well Intervention Services Market Size, By Country, 2012-2019 ($Million)
Table 42 South America: Well Intervention Services Market Size, By Country, 2012-2019 ($Million)
Table 43 Africa: Well Intervention Services Market Size, By Country, 2012-2019 ($Million)
Table 44 CT Well Cleaning & Pumping Operations Market Size, By Region 2012-2019 ($Million)
Table 45 CT Well Completions & Mechanical Operations Market Size, By Region 2012-2019 ($Million)
Table 46 North America: Coiled Tubing Well Intervention Services Market Size, By Types, 2012-2019 ($Million)
Table 47 Europe: Coiled Tubing Well Intervention Services Market Size, By Service Type, 2012-2019 ($Million)
Table 48 Asia-Pacific: Coiled Tubing Well Intervention Services Market Size, By Service Type, 2012-2019 ($Million)
Table 49 Middle East: Coiled Tubing Well Intervention Services Market Size, By Service Type, 2012-2019 ($Million)
Table 50 South America: Coiled Tubing Well Intervention Services Market Size, By Service Type, 2012-2019 ($Million)
Table 51 Africa: Coiled Tubing Well Intervention Services Market Size, By Service Type, 2012-2019 ($Million)
Table 52 CT Drilling Services Market Size, By Region, 2012–2019 ($Million)
Table 53 North America: CT Drilling Services Market Size, By Country, 2012-2019 ($Million)
Table 54 Europe: CT Drilling Services Market Size, By Country, 2012-2019 ($Million)
Table 55 Middle East: CT Drilling Services Market Size, By Country, 2012-2019 ($Million)
Table 56 South America: CT Drilling Services Market Size, By Country, 2012-2019 ($Million)
Table 57 Africa: CT Drilling Services Market Size, By Country, 2012-2019 ($Million)
Table 58 Coiled Tubing Other Services: Market Size, By Region, 2012–2019 ($Million)
Table 59 North America: Coiled Tubing Other Services Market Size, By Country, 2012-2019 ($Million)
Table 60 Europe: Coiled Tubing Other Services Market Size, By Country, 2012-2019 ($Million)
Table 61 Asia-Pacific: Coiled Tubing Other Services Market Size, By Country, 2012-2019 ($Million)
Table 62 Middle East: Coiled Tubing Other Services Market Size, By Country, 2012-2019 ($Million)
Table 63 South America: Coiled Tubing Other Services Market Size, By Country, 2012-2019 ($Million)
Table 64 Africa: Coiled Tubing Other Services Market Size, By Country, 2012-2019 ($Million)
Table 65 Global Coiled Tubing Market Size, By Region , 2012-2019 ($Million)
Table 66 North America: Coiled Tubing Market Size, By Country, 2012-2019 ($Million)
Table 67 North America: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 68 U.S.: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 69 Canada: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 70 Mexico: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 71 Europe: Coiled Tubing Market Size, By Country, 2012-2019 ($Million)
Table 72 Europe: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 73 Russia: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 74 U.K.: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 75 Ukraine, Poland, Norway, Netherlands, Romania and Croatia: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 76 Rest of Europe: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 77 Asia-Pacific: Coiled Tubing Market Size, By Country, 2012-2019 ($Million)
Table 78 Asia-Pacific: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 79 China: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 80 India: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 81 Kazakhstan: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 82 Australia: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 83 Indonesia, Pakistan, Azerbaijan, Brunei, Turkmenistan and Uzbekistan: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 84 Far East & Others: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 85 Middle East: Coiled Tubing Market Size, By Country, 2012-2019 ($Million)
Table 86 Middle East: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 87 Saudi Arabia: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 88 UAE: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 89 Kuwait: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 90 Iraq, Oman and Qatar: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 91 Rest of Middle East: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 92 South America: Coiled Tubing Market Size, By Country, 2012-2019 ($Million)
Table 93 South America: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 94 Brazil: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 95 Venezuela: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 96 Argentina: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 97 Rest of South America: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 98 Africa: Coiled Tubing Market Size, By Country, 2012-2019 ($Million)
Table 99 Africa: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 100 Algeria: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 101 Egypt: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 102 Nigeria, Angola & Libya: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 103 West Africa, Tunisia and Syria, Congo and Gabon: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 104 Rest of Africa: Coiled Tubing Market Size, By Service Types, 2012-2019 ($Million)
Table 105 New Product Launches, 2011–2014
Table 106 Contracts & Agreements, 2011–2014
Table 107 Mergers & Acquisitions 2011–2014
Table 108 Expansions, 2011–2014
Table 109 Other Developments, 2011–2014

List of Figures (54 Figures)

Figure 1 Markets Covered: Coiled Tubing Market
Figure 2 Coiled Tubing Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Coiled Tubing Market Snapshot (2014 vs. 2019): Africa is Expected to Grow at the Highest CAGR of 11.8%
Figure 8 Global Coiled Tubing Market, By Service Type, 2014
Figure 9 Global Coiled Tubing Market, By Service Type, 2014-2019
Figure 10 Global Coiled Tubing Market Share, 2013*
Figure 11 Africa to Grow at Highest Rate During Next Five Years
Figure 12 Emerging Economies Present Promising Markets
Figure 13 Coiled Tubing Drilling Grows Fastest Among the Various Coiled Tubing Services
Figure 14 Well Intervention Services Market Holds Major Share in Africa
Figure 15 North America Will Remain Mature Market During Forecast Period, 2014-2019
Figure 16 North America is Expected to Remain Dominant Till 2019
Figure 17 Developing Markets to Grow Two Times Faster Than Developed Markets
Figure 18 Discoveries in Nigeria, Angola & Libya to Speed fast the Market
Figure 19 Coiled Tubing Market Segmentation: By Service Type, By Region
Figure 20 Market Segmentation: By Service Type
Figure 21 Market Segmentation: By Region
Figure 22 Coiled Tubing Market Dynamics
Figure 23 Coiled Tubing Market: Supply Chain Analysis
Figure 24 Coiled Tubing Market: Porter’s Five Forces Analysis
Figure 25 Global CT Active Fleet: Market Share, By Region, 2013
Figure 26 Coiled Tubing Market: By Services Type, 2014-2019 ($Million)
Figure 27 Well Intervention Services: Market Size, By Service Types, 2014-2019 ($Million)
Figure 28 Geographic Snapshot (2013) - Growth Markets Are Emerging as New Hot Spots 87
Figure 29 Algeria-an Attractive Market for Coiled Tubing Services*
Figure 30 Companies Adopted Mergers & Acquisitions as the Key Growth Strategy
Figure 31 Baker Hughes Inc. Grew at the Highest Rate Between 2009–2013
Figure 32 Coiled Tubing: Key Growth Strategies’ Share , By Development, January 2011-October 2014
Figure 33 Coiled Tubing Market Share Analysis of Top Companies, By Development, 2011-2014
Figure 34 Battle for Market Share: Focus on Mergers & Acquisitions
Figure 35 Geographic Revenue Mix of Top Market Players
Figure 36 Baker Hughes Inc. : Business Overview
Figure 37 SWOT Analysis: Baker Hughes Inc.
Figure 38 Halliburton Company: Business Overview
Figure 39 SWOT Analysis: Halliburton Company
Figure 40 Nabors Industries: Business Overview
Figure 41 SWOT Analysis: Nabors Industries Ltd.
Figure 42 Schlumberger Ltd.: Business Overview
Figure 43 SWOT Analysis: Schlumberger Limited
Figure 44 Superior Energy Services, Inc.: Business Overview
Figure 45 SWOT Analysis: Superior Energy Services, Inc.
Figure 46 Weatherford International Ltd.: Business Overview
Figure 47 SWOT Analysis: Weatherford International Ltd.
Figure 48 Archer Limited: Business Overview
Figure 49 C&J Energy Services, Inc.: Business Overview
Figure 50 Calfrac Well Services Ltd.: Business Overview
Figure 51 Key Energy Services: Business Overview
Figure 52 RPC, Inc.: Business Overview
Figure 53 Trican: Business Overview
Figure 54 Sanjel Corporation: Business Overview

Note: Product cover images may vary from those shown
This has enhanced the coiled tubing market which is estimated to grow and reach value of approx. $4.3 billion at a CAGR of 7-8% from 2014 to 2019.

FEATURED COMPANIES

  • Archer Limited
  • Baker Hughes Inc.
  • C&J Energy Services, Inc.
  • Halliburton Company
  • Key Energy Services, Inc.
  • Nabors Industries Ltd.
  • MORE

With the high demand for the energy in African, the Middle Eastern and Asian region there has been an increase in the exploration activities in those regions. This has enhanced the coiled tubing market which is estimated to grow and reach value of approx. $4.3 billion at a CAGR of 7-8% from 2014 to 2019.

Coiled Tubing is used as a cost effective solution for numerous well workover and intervention applications with the key advantage of the ability to continuously circulate through the tubing while utilizing the CT pressure control equipment in treating a live well. The tool string at the bottom of the coil is called as Bottom Hole Assembly (BHA). It can be a simple jetting nozzle, to pump chemicals or cement through the coil or large string of logging tools. The coiled tube is straightened before being inserted into a wellbore and is re-spooled back onto the reel after completion of the operation in the wellbore. The key CT service categories include well intervention services, including well completion &well cleaning, CT drilling, and others. Some of the key uses of CT include circulation, pumping, logging, perforation, and production.

Potential increase in recoverable resources and increased exploration and production, and completion activities are the most important drivers for the coiled tubing services market. Coiled tubing services are used to enhance both oil and natural gas production, while these services are necessary for any type of well in order to complete it and enhance production. Increasing focus toward natural gas production also require coiled tubing services.

North American is the largest market for Coiled Tubing, followed by Europe.The Middle East and African market continues to be the key growth area due to increasing demand for innovative technology in terms of oil & gas application, which is backed by new investments in the market. Ongoing and upcoming developments in offshore drilling and massive shale exploration and production activities are high opportunity areas for the Coiled Tubing service market. Growing energy demand and increasing E&P spending are major drivers for the market.

Note: Product cover images may vary from those shown
This has enhanced the coiled tubing market which is estimated to grow and reach value of approx. $4.3 billion at a CAGR of 7-8% from 2014 to 2019.

- Archer Limited
- Baker Hughes Inc.
- C&J Energy Services, Inc.
- Calfrac Well Services Ltd.
- Halliburton Company
- Key Energy Services, Inc.
- Nabors Industries Ltd.
- RPC, Inc.
- Sanjel Corporation
- Schlumberger Ltd
- Superior Energy Services, Inc.
- Trican
- Weatherford International Ltd

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

RELATED PRODUCTS

Our Clients

Alstom Group E.ON SE Eskom Holdings SOC Ltd ABB Ltd. Western Power Eaton Corporation Plc