DUBLIN--(BUSINESS WIRE)--The "Global Coiled Tubing Services Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The oil & gas exploration and production (E&P) activities consist of complicated processes, and require sophisticated technology and equipment. Coiled tubing services are required in drilling, completion, and production activities. The oil & gas industry is a highly volatile and cyclical market. The fall in commodity prices had a ripple effect on the oil & gas value chain. Over several decades the oil & gas industry has looked to active drilling rig count creating demand for oilfield services globally.
The collapse in oil prices in 2014 severely undercut company revenues and forced sharp cutbacks in spending. With commodities staging a recovery following a multi-year price rout, activity in the oil & gas sector has begun to strengthen. With oil & gas prices recovering, the oil & gas operator companies have increased investment for the development of the oil & gas projects, which were earlier delayed or stalled.
There has been a drastic decrease in the rig count globally since 2014, and this fall has reflected in the demand for oilfield services in the last few years. North America still has the most number of rigs globally, followed by the Middle East. Latin America takes the third spot. With padbased horizontal drilling in the United States becoming more in demand, rig count on land in North America has become less meaningful.
- Baker Hughes Inc.
- Schlumberger Ltd
- C&J Energy Services
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Market Dynamics
5. Supply Chain Analysis
6. Porter's Five Forces Analysis
7. Market Segmentation and Analysis
8. Regional Market Analysis
9. Key Company Profiles
10. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/3dsszw/global_coiled?w=4