The Key Players of the Africa Coiled Tubing Services Market include Halliburton (U.S.), Baker Hughes Inc. (U.S.), Weatherford International Ltd. (Switzerland), and Trican Well Service (Canada).
(PRWEB) April 25, 2015
The Africa coiled tubing services market report defines and segments the coiled tubing services market in Africa with analysis and forecast of revenue. The coiled tubing services market in Africa is estimated to grow from around $140.0 million in 2013 to $193.8 million by 2019, at a CAGR of 6.4% from 2013 to 2019.
Browse through the TOC of the Africa Coiled Tubing Services Market, to get an idea of the in-depth analysis, supported by various tables and figures.
The rising energy demand, redevelopment of mature oil wells, increasing exploration and production activities in shale reservoirs, and commercially viable offshore drilling at multiple depths are some of the key drivers of the Africa coiled tubing services market.
Algeria is the largest segment in the African coiled tubing services market, and as of 2013, contributed about 28.5% of the African market.
The market is segmented and forecast on the basis of coiled tubing service types, namely, well intervention, drilling services, and others. The market is further segmented and forecast on the basis of major countries, specifically Algeria, Egypt, and other countries.
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The report also details the market share and value chain analyses, and market metrics such as drivers and restraints. Additionally, it presents a competitive landscape and company profiles of key players in the market, including major companies which provide coiled tubing services.
The major players operating in the Africa coiled tubing market are Schlumberger (U.S.), Baker Hughes (U.S.), Halliburton (U.S.), and Weatherford (Ireland).
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. Decreasing crude oil prices, strict government & environmental policies, and high market competition may act as restraints for the growth of the Europe coiled tubing market.
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