Coiled Tubing Market Growth Steady for 5 Years

DALLAS, November 14, 2014 /PRNewswire/ --

RnRMarketResearch.com offers Coiled Tubing Market by Services [Well Intervention (Well Completion & Well Cleaning) & Drilling], Active Fleet & By Geography - Global Trends & Forecasts to 2018 research report in its store. Coiled Tubing (CT) is a continuously milled lengthy tubular product spooled onto a take-up reel with key service offerings in the oil and gas industry. The CT service market and fleet grew marginally in the recent past and will continue to grow at a moderate rate globally with Asia-Pacific, Middle East, and European markets on a higher positive front. Complete report is available at http://www.rnrmarketresearch.com/coiled-tubing-market-by-services-well-intervention-well-completion-well-cleaning-drilling-active-fleet-by-geography-global-trends-forecasts-to-2018-market-report.html .

The report analyzes the coiled tubing service market and active fleet in different regions. The report also provides a market overview of coiled tubing by different service types. Among these services, well intervention holds the biggest share with 78% of the total revenue in 2012. CT drilling holds 8% of the total share and other applications accounted for the remaining share of 14%. The size of the overall market is determined by forecasting techniques based on coiled tubing fleet count, and E&P spending in different geographical regions which are validated through primary sources. The market data is available from 2011 to 2018, growing at a CAGR of 7.0% from 2013 to 2018.

For this report, major players in the coiled tubing market are identified through secondary and primary research. Based on that, their market shares are evaluated. This includes a study of the annual reports of top market players and interviews with key opinion leaders, such as CEOs, Directors, and marketing people. A CT 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. A standard CT unit comprises of four elements; reel, injector head, control cabin, and power rack.

CT is used as a cost-effective solution for numerous well work 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 known 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.

Oil field service providers and companies like Schlumberger Ltd (the U.S.), Halliburton (the U.S.), Baker Hughes Inc. (the U.S.), Aker Solutions (Norway), Archer (Bermuda), C&J Energy Services Inc. (the U.S.), Calfrac Well Services Ltd (Canada), Cwc Well Services Corporation (Canada), Essential Energy Services Ltd (Canada), Key Energy Services Inc. (the U.S.), Nabors Industries Ltd (Bermuda), Pioneer Energy Services (the U.S.), RPC Inc. (the U.S.), San Antonio International (Brazil), Sanjel Corporation (Canada), Savanna Energy Services Corporation (Canada), Superior Energy Services Inc. (the U.S.), Trican Well Service Ltd (Canada), Weatherford International Ltd (Switzerland), and Xtreme Drilling and Coil Services (Canada) are profiled in this research available for purchase at http://www.rnrmarketresearch.com/contacts/purchase?rname=108403 .

Regionally, this coiled tubing market report covers information and analysis for countries like The U.S., Canada, Russia, The U.K., China, India, Australia, Saudi Arabia, Kuwait, UAE, Algeria, Egypt, Brazil, Argentina and Venezuela.

Another research titled Oilfield Services Market by Type (Coiled Tubing Services, Completion Equipment & Services, Drilling & Completion Fluids, Drilling Waste Management, OCTG, Pressure Pumping Services, Well Intervention Services and Wireline services), by Geography (Asia-Pacific, Europe, Middle East, Africa, North America and South America) - Global Trends and forecasts to 2019 estimates the oilfield services market in terms of value. This has been broken down into component regions and further split into countries. North America accounted for about 52% of the market share of the global oilfield services market in 2013. Halliburton Schlumberger, Baker Hughes, and Weatherford are the major players in this segment. A few Chinese and Asian players are expected to grow within the market in the near future.

The oilfield services are required throughout the lifecycle of an oil and gas well. The ever-increasing exploration and production activities across the globe and new areas of unconventional resources are the major drivers in the growth of the oilfield services market. In recent times, there have been many developments in terms of offshore and unconventional explorations and production. The increasing world energy demands have pushed the exploration and production companies to push their limits towards unconventional hydrocarbon resources. These E&P activities for unconventional resources, demand oilfield services in order to produce and make the operations economically viable. This presents a good opportunity for players to capitalize on. Companies like Baker Hughes, Halliburton, Schlumberger, Weatherford International Inc., Superior Energy Services, Inc., Nabors Industries Ltd., Key Energy Services, NOV and Key Energy Services are profiled in this research available at http://www.rnrmarketresearch.com/oilfield-services-market-by-type-coiled-tubing-services-completion-equipment-services-drilling-completion-fluids-drilling-waste-management-octg-pressure-pumping-services-well-intervention-s-market-report.html .

Explore more reports by MarketsandMarkets at http://www.rnrmarketresearch.com/publisher/MarketsandMarkets.html .

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