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.
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For coiled tubing operations on sub-sea wells, mobile offshore drilling units (MODUS) such as drillship, semi-submersible,. 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.
The analysts forecast global coiled tubing services market to grow at a CAGR of 4.00% during the period 2017-2021.
This 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
This 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.
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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
Market Challenge: Decline in oil rig count
Market Trend: Changing business models and portfolios
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?
Complete report on Coiled Tubing Services market spread across 83 pages, providing 5 company profiles with 38 exhibits is now available at www.reportsnreports.com/reports/12…t-2017-2021.html.
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