A coiled tubing operation is performed through drilling derrick on an oil platform, which is used to back the surface equipment. Although on platforms with no drilling facilities a self-supporting tower can be utilized. For coiled tubing operations on sub-sea wells, mobile offshore drilling units (MODUS) such as drillship, semi-submersible, etc. must be used to support all the personnel and surface equipment, whereas wireline can be carried out from a lesser and inexpensive intervention vessel. Onshore, wirelines can be run using smaller service rigs, and for light operations, a mobile, self-contained coiled tubing rig can be employed.
Technavio’s analysts forecast the global coiled tubing services market to grow at a CAGR of 4.00% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global coiled tubing services market for 2017-2021. To calculate the market size, the report considers the new volume of coiled tubing units and excludes aftermarket services.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Coiled Tubing Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Archer • Baker Hughes • Halliburton • Schlumberger • Superior Energy Services
Other prominent vendors • C&J Energy Services • Calfrac Well Services • Cudd Energy Services • Essential Energy Services • Key Energy Services • Nabors Industries • RPC • Trican Well Service • Weatherford
Market driver • Rising global oil and gas demand • For a full, detailed list, view our report
Market challenge • Decline in oil rig count • For a full, detailed list, view our report
Market trend • Changing business models and portfolios • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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