Key players in South America Coiled Tubing Market include Halliburton (U.S.), Baker Hughes (U.S.), Superior Energy Inc. (U.S.), and Weatherford International (Ireland)
(PRWEB) April 16, 2015
The South America coiled tubing services market is estimated to grow from $337.4 million in 2013 to $464.4 million by 2019, at a CAGR of 6.6% from 2014 to 2019.
Browse through the TOC of South America Coiled Tubing Market for an analysis of industry trends and segments, with the help of various tables and figures.
The rising energy demand, redevelopment of mature oil field wells, increasing exploration and production activities in shale reservoirs, and commercially viable offshore drilling at multiple depths are among the key factors driving the South American coiled tubing market.
In the South American market, the Brazilian segment holds the largest share, having accounted for 27% share of the regional market in 2014. The other major countries contributing to the South American market are Venezuela, Argentina, and Columbia.
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The South American coiled tubing market has been segmented and forecast on the basis of service types, such as well intervention and drilling services. The market has been further segmented and forecast on the basis of major countries, such as Brazil, Venezuela, Argentina, and Columbia.
This report also includes the market share and value chain analyses, and market metrics such as drivers and restraints.
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In addition, the report presents a competitive landscape and company profiles of the key players in the market. Halliburton Co., Schlumberger Ltd., and Weatherford International are among the major players in the South American coiled tubing market.
Europe Coiled Tubing Market
The Europe coiled tubing market is expected to grow at a CAGR of 7.2% from 2014 to 2019. Overall growth in the number of oil reserves, increasing energy requirements, geo-political & macro-economic factors and increased exploration of gas reserves are the key factors fuelling the growth of the coiled tubing market in Europe.
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