DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/qgjnh5/coiled_tubing) has announced the addition of the "Concise Analysis on the International Coiled Tubing Market - Forecasts to 2018" report to their offering.
Coiled tubing is principally used in oil and gas upstream activities. Key services include well clean outs (debris, deposits, paraffin sediments, sand), nitrogen pumping, high-pressure jetting for milling and cleaning, well stimulation, logging, fishing, perforations and drilling, and others.
The CT market grew briskly in the previous decade, especially in the North American region, with not so much presence in other regions. The current market, however, is witnessing shrinking profits in North America but expanding business scope in Europe, Middle East, and Asia-Pacific. The active CT fleet count globally also increased moderately in the last three years The overall market is therefore projected to grow at a moderate growth rate during the next five years. Rising activities in shale reservoirs, heavy offshore drilling, and globally surging oil demand could primarily drive the CT service market.
The global market revenue for coiled tubing services was valued over $2 billion in 2012 with nearly 2,000 units of CT fleet.
Ongoing and upcoming developments in offshore drilling and massive shale exploration and production activities are high opportunity areas for the CT service market. Growing energy demand and increasing E&P spending are major drivers for the CT service market.
Geographically, the market has been studied for different regions, such as Asia-Pacific, Europe, the Middle East, Africa, North America, and South America.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Coiled Tubing Active Fleet, By Geography & Major Operators
6 Coiled Tubing Services, By Geography
7 Coiled Tubing Services, By Service Types
8 Competitive Landscape
9 Company Profiles
- Aker Solutions
- Archer - The Well Company
- Baker Hughes
- C&J Energy Services
- Calfrac Well Services
- Cwc Well Services
- Essential Energy Services
- Key Energy Services
- Nabors Industries
- Pioneer Energy
- San Antonio International
- Sanjel Corporation
- Savanna Energy Services
- Superior Energy Services
- Trican Well Service
- Weatherford International
Xtreme Drilling And Coil Service
For more information visit http://www.researchandmarkets.com/research/qgjnh5/coiled_tubing