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Global Coiled Tubing Services Market Research Report

Coiled tubing (CT) is used as a cost-effective solution for numerous well workover and intervention applications. Its key advantage is the ability to continuously circulate through the tubing while utilizing CT pressure control equipment in treating a live well. Some of the key uses of CT include circulation, pumping, logging, perforation, and production. Circulation is the most popular use of CT. Coiled tubing services primarily include circulation, pumping, removal of hydrocarbon and hydrate plugs, scale removal, perforating, logging, fishing, coiled tube drilling, and others. Key categories for the services are drilling and well intervention. Some of the important global coiled tubing industry players include Schlumberger, Halliburton, Baker Hughes, Superior Energy Services, Trican, Weatherford, and Calfrac, providing oil field services in oil and gas reserves. HydraRig, JB Well Solutions, Tenaris, Stewart, and Stevenson are some of the major global CT manufacturing companies globally.

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PRODUCT TITLE PUBLISHED
North America Coiled Tubing Services North America Coiled Tubing Services
The North America Coiled Tubing market (CT market) is estimated to grow at a CAGR of 3.8% during the forecast period. To improve the recovery of oil from matured fields, companies are focusing on technological advancements in inventing tools and techniques required to access residual reserves on conventional acreages. The companies are currently focused on significantly increasing recovery and extend the life of mature fields, way beyond the natural production level. These are some of the key factors fueling the growth of the CT market. However, increase in crude oil prices is hampering production as companies are cutting costs, hindering the growth of this market. Furthermore, there are environmental concerns associated with coastal wetlands and water bodies, fisheries, underwater plumes, coral ecosystems, toxicity, and bioaccumulation along with other problems such as ocean acidification and wet land destruction. To avoid accidents, the U.S. government has imposed new regulations and policies on exploration activities in the Gulf of Mexico, a challenge faced by market players.
Apr 2015
Europe Coiled Tubing Services Europe Coiled Tubing Services
The European coiled tubing services market was estimated at $0.5 billion in 2013 and is projected to reach $0.8 billion by 2018, at a CAGR of 9.3%. It is segmented on the basis of services and geographies. Major players in the market are Schlumberger, Halliburton, Baker Hughes, and Weatherfoard
Mar 2015
Asia-Pacific Coiled Tubing Services Asia-Pacific Coiled Tubing Services
The Asia-Pacific coiled tubing services market was estimated at $0.3 billion in 2013 and is projected to reach $0.5 billion by 2018, at a CAGR of 8.5%. It is segmented on the basis of services and geographies. It constitutes 11.40% of the global CT services market in 2013 and is estimated to reach 12.19% by 2018.
Apr 2015
Middle East Coiled Tubing Services Middle East Coiled Tubing Services
The Middle Eastern coiled tubing services market was estimated at $0.3 billion in 2013 and is estimated to reach $0.5 billion by 2018 at a CAGR of 12%. It constituted 10.1% of the global CT services market in 2013 and is estimated to be 12.6% by 2018. The major players in the market are Schlumberger, Halliburton, Baker Hughes, and Weatherfoard.
Upcoming
South America Coiled Tubing Services South America Coiled Tubing Services
The South America coiled tubing services market was estimated at $0.3 billion in 2013 and is projected to reach $0.4 billion by 2018, at a CAGR of 7.6%. It constituted 10.1% of the global CT services market in 2013 and is estimated to reach 10.4% by 2018. It is segmented on the basis of services and geographies.
Mar 2015
Africa Coiled Tubing Services Africa Coiled Tubing Services
The Africa coiled tubing market is estimated to grow at a CAGR of 6.4% during the forecast period. To enhance the recovery of oil from matured fields, oil & gas companies are focusing on developing technologically advanced tools and techniques to access residual reserves on conventional acreages. These are some of the key factors that are fueling the growth of the coiled tubing market. However, the rising prices of crude oil are hampering production of the same and compelling companies to cut costs by reducing production. This hampers the growth of the coiled tubing market. Furthermore, environmental concerns associated with coastal wetlands and water bodies, fisheries, underwater plumes, coral ecosystems, toxicity, and bioaccumulation, along with other problems such as ocean acidification and wet land destruction also adversely affect the coiled tubing market.
Apr 2015
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