The Well Servicing and Coiled Tubing Services Market Report is a quarterly report that tracks and forecasts the global well servicing and coiled tubing services markets, focusing on commercial, technical and activity trends impacting these sectors.  The report is a useful planning and benchmarking tool for operators, oilfield service firms, OEMs and investors interested in the well servicing and CT services markets and related sectors.

Well servicing rigs, also known as workover rigs or pulling units, are used in well completion, well maintenance and well abandonment operations. The well servicing and coiled tubing market rises and falls based primarily in conjunction with the number and type of new wells completed. Increased oil demand, rising oil prices and improved operator cash flow are expected to drive higher upstream investment going forward and lift the $9.8 billion well servicing and coiled tubing services markets in 2024 and beyond.

The coiled tubing services market includes the supply of coiled tubing services to drilling, completion, and production operations. The coiled tubing (CT) services market is now primarily driven by the 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.  However, with new horizontal laterals now regularly exceeding 10000’ in the US, coiled tubing runs into a mechanical limit. This is driving oil companies to large, high spec well servicing rigs for new well completions. 

The Well Servicing and Coiled Tubing Services Market report covers the following:

Well Servicing Market

·     Global Well Servicing Market

·     US Well Servicing Market

·     US Well Servicing Rig Fleet

·     US and Canada Activity Forecast

·     Activity Measures

·     Company Profiles

·     Interviews and Comments

Coiled Tubing Services Market

·       Global Coiled Tubing Services Market

·       Coiled Tubing Fleet

·       Coiled Tubing Supply Chain

·       US and Canada Activity Forecast

·       Activity Measures

·       Company Profiles

·       Interviews and Comments

Clients subscribing to the 150-page Well Servicing and Coiled Tubing Services Market report will receive complete and revised market reports each quarter for one year.  The Well Servicing and Coiled Tubing Services Market report is available as immediate digital download upon purchase.