Houston, USA (PRWEB UK) 28 July 2014
Last week Roderic Stanley, co-chair of the API Resource Group for Coiled Tubulars, unveiled critical risks facing the coiled tubing market that urgently need to be addressed.
As the US is the world's largest user of coiled tubing services with a global market share of almost 50%, avoidable tubing failures and overruns have developed into a billion dollar issue for the industry.
Mr. Stanley explored new methods that GoM operators and well service companies can adopt to identify and mitigate this coiled tubing risk, including
Mr. Stanley's findings have been compiled into a brief report you can access here: http://bit.ly/coiledtubing3.
This information demonstrates the best practice approaches to current and impending coiled tubing risks, helping operators and contractors to plan a more effective well intervention campaign.
If you have any questions or feedback on the topic please contact Tommy Angell on the below details.
Director | Offshore Network Ltd.
t: +44 (0) 203 411 9184 | e: tangell(at)offsnet(dot)com