The adoption of technologically advanced tools and techniques by many oil & gas companies in order to access residual reserves on conventional acreages is a key factor driving the growth of the market. However, the rising prices of crude oil lead different oil & gas exploration companies to cut costs by reducing production is a key restraining factor hampering the growth of the market. Moreover, environmental concerns related to coastal wetlands and water bodies, underwater plumes, coral ecosystems, along with problems such as ocean acidification and marine life destruction also adversely hinders the market growth. Ongoing and upcoming projects in offshore drilling and shale exploration & production activities offer abundant growth opportunities for the African coiled tubing service market.
The report segments the African coiled tubing market on the basis of service, application and geography. Based on service, the market is segmented into well intervention, drilling and others. On the basis of application, the market is segmented into onshore and offshore. On the basis of country, the market is segmented into Algeria and Egypt.Prominent players operating in this market are Schlumberger Ltd., Baker Hughes Inc., Calfrac Well Services Ltd., Halliburton Co., Trican Well Services Ltd., Aker Solutions ASA and Weatherford International Plc.
KEY BENEFITS FOR STAKEHOLDERS:
The report provides a comprehensive analysis of current & future trends and emerging avenues for the growth of the African coiled tubing market.
The report offers an overview of changing market dynamics in terms of fast turn-around analysis of stakeholders responses to recent industry policy changes and trends.
The report offers an insight into competitive landscape in terms of new technological developments, untapped segments, and value chain analysis.
This report entails the detailed quantitative analysis of the current market and estimations through 2014 and 2020, which assists in identifying the prevailing market opportunities.
Comprehensive coverage of product approvals, pipeline products, and product recalls.
The report offers strategic analysis of financial status of key market players, and highlights market share of key vendors.
The report offers information on the status of new projects along with offering investment feasibility analysis of the same.
Tools such as Porters Five Forces model help in understanding the potentiality of key buyers and sellers.
AFRICA COILEDMARKET KEY SEGMENTS:
Africa Coiled Tubing By Service
Africa Coiled Tubing By Application
Africa Coiled Tubing By Country
Key Company profile
Baker Hughes Inc.
Calfrac Well Services Ltd.
Trican Well Services Ltd.
Aker Solutions ASA
Weatherford International Plc.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.