Coiled Tubing Services


Coiled Tubing Services

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The Coiled Tubing Services market includes the supply of coiled tubing services to drilling, completion, and production operations. 

Clients subscribing to the Coiled Tubing Services Market report will receive complete and revised market reports each quarter for one year.  In these years of massive change in the industry, Spears is committed to keeping clients up to date on commercial, technical and activity trends within the sector.

The coiled tubing (CT) services market has changed substantially in recent years, driven by the increased use of CT units in place of well servicing units when completing horizontal wells. While production services, or well intervention, were the original application of coiled tubing, completion-related services now drive this market because continuous tubing can be tripped into a well more quickly than conventional tubing handled by a well servicing unit.  Global demand for CT services is projected to total $5.4 billion in 2018, up 24%, lifted by the continued recovery in North American land drilling activity. With rising oil prices driving further gains in drilling activity, growth in the coiled tubing services market is expected to continue over the near term.

The coiled tubing services market will be driven going forward by new well drilling, an expanding producing well base, and an ever increasing lateral length in newly drilled US horizontal wells.

The Coiled Tubing Services Market report covers the following topics:

  • Market drivers

  • Global oil and gas demand and supply

  • Oil and gas prices

  • Drilling activity by region

  • Coiled tubing services market size ($) and growth

  • Competitive environment

  • Trends in operators’ drilling and completion practices, including lateral lengths by basin

  • Regulatory and technological change

  • Profile of leading coiled tubing service firms

  • Revenues by company, 2006-2018

The Coiled Tubing Market report is available as immediate digital download upon purchase as a slide deck with all supporting tables and graphs.