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.

Production services, or well intervention, are the original application of coiled tubing, but completion-related services now are the big driver of this market because continuous tube can be tripped into a well more quickly than conventional tubing handled by a well service/workover unit.  Another advantage is that a continuous tube can be tripped in and out while the well is under pressure.

The coiled tubing service market has changed substantially in recent years, driven by the increased use of horizontal drilling.

As the following chart indicates, the Coiled Tubing Services market peaked in 2014 above $14B, fell to around $3B in 2016 and appears to be surging upward in 2017 to almost $5B:

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, 2006-2016

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