DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "World Coiled Tubing Market - Opportunities and Forecast, 2014 - 2022" report to their offering.
The report segments the coiled tubing market on the basis of services and geography. On the basis of services, the report segments the coiled tubing market into well intervention services, drilling services and others. Well intervention services can be further segmented into well cleaning service and well completion service. Based on geography, the global coiled tubing market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (LAMEA).
Growth in shale gas exploration, especially in the U.S., along with drilling activities across the globe and redevelopment of mature oil fields are some of the key factors boosting the growth of market. With the recent growth in offshore and deep-water drilling, the usage of coiled tubing is expected to gain traction across the globe. Stringent government regulations and declining rig count are the key restraints hampering the growth of the market.
Focus on deep-water drilling along with demand for large diameter coiled tubing will offer substantial growth opportunities for the coiled tubing market. Declining oil prices, globally and increase in the length of horizontal wells are some key market challenges.
COILED TUBING MARKET KEY SEGMENTS:
- Well Intervention Service
- Well Cleaning Service
- Well Completion Service
- Drilling Service
- Schlumberger Ltd
- Halliburton Co.
- Baker Hughes Inc.
- Archer Limited
- C&J Energy Services Inc.
- Calfrac Well Services Ltd
- Key Energy Services Inc.
- Nabors Industries Ltd
- RPC Inc.
- Sanjel Corporation
- Superior Energy Services Inc.
- Trican Well Service Ltd
- Weatherford International Ltd
For more information about this report visit http://www.researchandmarkets.com/research/sj6z4g/world_coiled