Dublin, Oct. 8, 2013 (GLOBE NEWSWIRE) -- Research and Markets
(http://www.researchandmarkets.com/research/pw24x4/coiled_tubing) has announced the addition of the "Coiled Tubing Market by Services, Active Fleet & Geography - Global Trends & 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 coiled tubing 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. The value of the market for coiled tubing services is analyzed in detail for all major countries. The study covers different strategies, such as contract agreements, new product launch, and mergers and acquisitions. Schlumberger Ltd (U.S.), Baker Hughes Inc. (U.S.), and Halliburton Co. (U.S.) are the dominant market leaders providing specialized solutions and services.
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 Asa
- Archer - The Well Company
- Baker Hughes INC
- C&J Energy Services INC
- Calfrac Well Services LTD
- Cwc Well Services Corporation
- Essential Energy Services LTD
- Halliburton CO
- Key Energy Services INC
- Nabors Industries LTD
- Pioneer Energy Services
- RPC INC
- San Antonio International
- Sanjel Corporation
- Savanna Energy Services Corporation
- Schlumberger LTD
- Superior Energy Services INC
- Trican Well Service LTD
- Weatherford International LTD
- Xtreme Drilling And Coil Service
For more information visit http://www.researchandmarkets.com/research/pw24x4/coiled_tubing
Source:Research and Markets