Coiled Tubing (CT) is a continuous milled lengthy tubular product spooled onto a take-up reel with key service offerings in the oil and gas industry. The CT service and fleet grew marginally in the recent past and is expected to continue growing at a moderate rate globally with the markets of Asia-Pacific, Middle East, and European markets growing on higher.Click here for more info:https://goo.gl/cR1gpl
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North America is expected to dominate the coiled tubing market by 2020
The report “Coiled Tubing Market by Services (Well Intervention (Well Completion & Well Cleaning) & Drilling), Active Fleet & by Geography - Global Trends & Forecasts to 2020” defines and segments the CT market with analysis and forecast of the global services revenue and active fleet. It also identifies the driving and restraining factors of the CT market, with an analysis of trends, opportunities, burning issues, and winning imperatives.
Coiled Tubing (CT) is a continuous milled lengthy tubular product spooled onto a take-up reel with key service offerings in the oil and gas industry. The CT service and fleet grew marginally in the recent past and is expected to continue growing at a moderate rate globally with the markets of Asia-Pacific, Middle East, and European markets growing on higher.
CT is used as a cost-effective solution for numerous well work and intervention applications with the key advantage of the ability to continuously circulate through the tubing, while utilizing the coiled tubing pressure control equipment in treating a live well. The tool string at the bottom of the coil is known as Bottom Hole Assembly (BHA). It can be a simple jetting nozzle to pump chemicals or cement through the coil or large string of logging tools.
North America is expected to continue its dominance in the coiled tubing market. This dominance is seen mainly due to continuous and large increment in the U.S. exploration and production activities. New and unconventional hydrocarbon recovery and its growth are important reasons for the growth of the CT market. North America has the highest market share because of favorable regulations in the region.
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