Dallas, Texas (PRWEB) September 29, 2014
One key trend emerging in this market is the technological innovation in well intervention services. Market players are making large investments to improve the technology used in well intervention. The key areas of focus for these technological innovations are the minimization of in-hole time through the deployment of multi-purpose tool strings and the usage of multi-data collection instruments and systems.
Analysts forecast the Global Coiled Tubing market to grow at a CAGR of 8.1 percent over the period 2013-2018. According to the report, one of the main drivers in this market is the development of mature oilfields. The growing demand for energy has forced several governments and vendors to invest in coiled tubing technology to increase production from maturing oilfields.
Coiled tubing is made of joint pipes, which are used as an alternative to traditional drilling string. Coiled tubing is mainly used for intervention in oil and gas well, and sometimes it is used as producing wells in the oil and gas field. The major application areas of coiled tubing includes wellbore cleaning, well stimulation, logging, nitrogen pumping, perforations and drilling.
The report recognizes the following companies as the key players in the Global Coiled Tubing Market: Baker Hughes Inc., Halliburton Co., Key Energy Services, Schlumberger Ltd., Superior Energy Services Inc. and Weatherford International Ltd.
Other prominent vendors in the market are: Aker Solution, Archer - The Well Company, C&J Energy Services, Calfrac Well Services, Cwc Well Services Corporation, Essential Energy Services, Nabors Industries, Pioneer Energy Services, RPC, Sanjel, Savanna Energy Services, Trican Well Service and Xtreme Drilling And Coil Services.
The Global Coiled Tubing market can be segmented into three service types: Well Intervention, Drilling, and Others.
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The Global Coiled Tubing Market 2014-2018 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Coiled Tubing market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
- Development of Mature Oilfields
- For a full, detailed list, view our report
- Technological Innovation in Well Intervention Services
- For a full, detailed list, view our report
Further, the report states that one of the major challenges confronting the market is increasing wellbore cleaning issues. The difference in the size of the coiled tubing string and wellbore makes it difficult to clean out wells.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Table of Contents
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings
04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
05.1 Key Components of Coiled Tubing Units
06. Market Landscape
06.1 Market Overview
06.2 Coiled Tubing Operation
06.3 Market Size and Forecast
06.4 Five Forces Analysis
07. Market Segmentation by Service Type
07.1 Global Coiled Tubing Market by Services 2013
07.2 Global Coiled Tubing Market by Services 2018
07.3 Global Coiled Tubing Market by Well Intervention
07.3.1 Market Size and Forecast
07.4 Global Coiled Tubing Market by Drilling
07.4.1 Market Size and Forecast
08. Geographical Segmentation
08.1 Global Coiled Tubing Market by Geographical Segmentation 2013-2018
08.2 Coiled Tubing Market in the Americas
08.2.1 Market Size and Forecast
08.3 Coiled Tubing Market in the EMEA Region
08.3.1 Market Size and Forecast
08.4 Coiled Tubing Market in the APAC Region
08.4.1 Market Size and Forecast
09. Key Leading Countries
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
17.1 Competitive Scenario
17.1.1 Key News
17.1.2 Mergers and Acquisitions
17.2 Other Prominent Vendors
18. Key Vendor Analysis
19. Other Reports in this Series
35 List of Exhibits
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