Coiled Tubing Market Research Report – Forecast to 2023

Coiled Tubing Market Research Report – Forecast to 2023

ID: MRFR/E&P/1206-HCRR | July, 2018 | Region: Global | 100 pages | Half-Cooked Research Reports

Global Coiled Tubing Market Research Report Information by Services Type (Well Intervention (Well Completion, Well Cleaning) and Drilling), by Application (Onshore and Offshore) and by Region (North America, Europe and Middle East)– Forecast till 2023


Market Scenario


Coiled tubing is a continuous length smaller diameter pipe that is used in oil and gas operations for well intervention operations and drilling applications. Typically, coiled tubing along with other associated drilling equipment are used for well remediation techniques in operational production wells. In recent times, the coiled tubing technology has been used across wide range of oil and gas well operations and drilling operations. The coiled tubing technology enable oil and gas operators to deploy tools and materials through production tubing while well remedial works are performed in wells. In well workover operations, coiled tubing offers advantage through its strength and rigidity and the ability to circulate treatment fluids.


The global coiled tubing market is expected to witness a growing demand with recent increase in oil and gas exploration and drilling processes. The oil and gas industry is recovering from a price slowdown with increased investment in exploration and production activities, globally, is expected to be the driver for coiled tubing market. Also, there is an increased demand for oil in growing economies such as in India, Indonesia, and Philippines, which is further driving the demand for new oil exploration and drilling activities. On the other hand, to reduce the cost associated with construction of new offshore facilities, oil and gas majors are also investing in enhanced oil recovery processes in ageing mature oil fields, which further drives the market for coiled tubing.


However, with increased concerns about oil and gas operations safety and the subsequent stringent government regulations act as major restraints for the global coiled tubing market. On the other hand, focus on recent oil and exploration activities has shifted to the deep-water areas, where increasing drilling activities are executed. This acts as an opportunity for the market along with development in unconventional drilling technologies.


The global coiled tubing market is segmented on the basis of service type and by application. Based on service type, the market is segmented as well intervention services and drilling services. The well intervention services are further classified as well completion and well-cleaning activities. Well intervention services are expected to command the largest market share with these services being carried out to improve production from an existing oil well throughout its operational lifetime.


Based on application, the market is segmented as onshore and offshore applications. With increasing shale gas development and unconventional drilling techniques, onshore drilling activities are gaining huge popularity among oil and gas operators. With supportive regulations, many new onshore oil and gas drilling projects are performed in the U.S., which acts a driver for coiled tubing market. In these drilling projects, the coiled tubing offers advantages such as contained well pressure along with quicker trip times.


The global Coiled Tubing market is projected to expand at 6.75% CAGR during the forecast period.


Market Segmentation


 coiled tubing market


Global Coiled Tubing Market


North America is expected to be the largest market for coiled tubing with increased oil and gas drilling activities in the region. Especially in U.S., in recent times, the country has established itself to be a major oil producing nation outside the OPEC through continuous extraction of shale oil and gas by unconventional drilling technologies. Moreover, the Middle East region is also witnessing increased oil and gas enhanced recovery projects along with new drilling projects after recent OPEC plans to continue oil production activities because of rising demand. In Asia Pacific region, China is increasing the number of its shale gas development projects, which is expected to result in rapid growth for the coiled tubing market. With increasing demand for oil and gas in countries such as India, Indonesia, Australia and Philippines, new oil and gas drilling projects are expected to increase, which will further drive the demand for coiled tubing


Key Players


The key players in the global coiled tubing market are Baker Hughes (U.S.), Nabors Industries Ltd.. (Bermuda), Superior Energy Services Inc.  (U.S.), Weatherford International Ltd.(U.S), Halliburton Company (U.S.), Archer Limited (Bermuda), C&J Energy Services, Inc. (U.S), Calfrac Well Services Ltd.  (Canada), RPC, Inc. (U.S.), Trican Well Services (Canada), Sanjel Corporation (Canada), Key Energy Services (U.S.), and  Schlumberger (France).

TABLE OF CONTENTS



1. REPORT PROLOGUE

2. INTRODUCTION

2.1. DEFINITION

2.2. SCOPE OF THE STUDY

2.2.1. RESEARCH OBJECTIVE

2.2.2. ASSUMPTIONS

2.2.3. LIMITATIONS

2.3. MARKET STRUCTURE

2.4. MARKET SEGMENTATION

3. RESEARCH METHODOLOGY

3.1. RESEARCH PROCESS

3.2. PRIMARY RESEARCH

3.3. SECONDARY RESEARCH

3.4. MARKET SIZE ESTIMATION

3.5. FORECAST MODEL

4. MARKET DYNAMICS

4.1. DRIVERS & OPPORTUNITIES

4.2. CHALLENGES & RESTRAINTS

4.3. VALUE CHAIN ANALYSIS

4.4. PORTER’S FIVE FORCES ANALYSIS

5. COILED TUBING MARKET, BY SERVICE

5.1. INTRODUCTION

5.2. CLEANING

5.3. COMPLETION

5.4. DRILLING

5.5. OTHERS

6. COILED TUBING MARKET, BY REGION

6.1. INTRODUCTION

6.2. NORTH AMERICA

6.2.1. U.S.

6.2.2. CANADA

6.2.3. MEXICO

6.3. EUROPE

6.3.1. U.K.

6.3.2. NORWAY

6.3.3. RUSSIA

6.3.4. THE NETHERLANDS

6.3.5. REST OF EUROPE

6.4. MIDDLE EAST & AFRICA

6.4.1. SAUDI ARABIA

6.4.2. UAE

6.4.3. KUWAIT

6.4.4. EGYPT

6.4.5. ALGERIA

6.4.6. REST OF MIDDLE EAST & AFRICA

6.5. ASIA–PACIFIC

6.5.1. CHINA

6.5.2. INDIA

6.5.3. INDONESIA

6.5.4. MALAYSIA

6.5.5. REST OF ASIA-PACIFIC

6.6. SOUTH AMERICA

6.6.1. BRAZIL

6.6.2. ARGENTINA

6.6.3. REST OF SOUTH AMERICA

7. COILED TUBING ACTIVE FLEET INFORMATION

7.1. INTRODUCTION

7.2. ACTIVE FLEET, BY REGION

7.3. ACTIVE FLEET, BY KEY PLAYERS

8. COMPANY LANDSCAPE

8.1. INTRODUCTION

8.2. COMPETITIVE STRATEGY ANALYSIS

9. COMPANY PROFILE

9.1. Baker Hughes Inc.

9.1.1. COMPANY OVERVIEW

9.1.2. INDUSTRY /BUSINESS SEGMENT OVERVIEW

9.1.3. FINANCIAL UPDATES

9.1.4. KEY DEVELOPMENTS

9.2. Halliburton Co

9.2.1. COMPANY OVERVIEW

9.2.2. INDUSTRY /BUSINESS SEGMENT OVERVIEW

9.2.3. FINANCIAL UPDATES

9.2.4. KEY DEVELOPMENTS

9.3. Schlumberger Ltd.

9.3.1. COMPANY OVERVIEW

9.3.2. INDUSTRY /BUSINESS SEGMENT OVERVIEW

9.3.3. FINANCIAL UPDATES

9.3.4. KEY DEVELOPMENTS

9.4. Superior Energy Services Inc.

9.4.1. COMPANY OVERVIEW

9.4.2. INDUSTRY /BUSINESS SEGMENT OVERVIEW

9.4.3. FINANCIAL UPDATES

9.4.4. KEY DEVELOPMENTS

9.5. Archer Limited

9.5.1. COMPANY OVERVIEW

9.5.2. INDUSTRY /BUSINESS SEGMENT OVERVIEW

9.5.3. FINANCIAL UPDATES

9.5.4. KEY DEVELOPMENTS

9.6. C&J Energy Services Ltd.

9.6.1. COMPANY OVERVIEW

9.6.2. INDUSTRY /BUSINESS SEGMENT OVERVIEW

9.6.3. FINANCIAL UPDATES

9.6.4. KEY DEVELOPMENTS

9.7. Calfrac Well Services Ltd.

9.7.1. COMPANY OVERVIEW

9.7.2. INDUSTRY /BUSINESS SEGMENT OVERVIEW

9.7.3. FINANCIAL UPDATES

9.7.4. KEY DEVELOPMENTS

9.8. Cudd Energy Services

9.8.1. COMPANY OVERVIEW

9.8.2. INDUSTRY /BUSINESS SEGMENT OVERVIEW

9.8.3. FINANCIAL UPDATES

9.8.4. KEY DEVELOPMENTS

9.9. Key Energy Services Llc.

9.9.1. COMPANY OVERVIEW

9.9.2. INDUSTRY /BUSINESS SEGMENT OVERVIEW

9.9.3. FINANCIAL UPDATES

9.9.4. KEY DEVELOPMENTS

10. MRFR CONCLUSION

11. APPENDIX



LIST OF TABLES



Table 1 Global Coiled Tubing Market: By Service, 2014-2022 (USD Billion)

Table 2 Cleaning: Coiled Tubing Market, By Region, 2014-2022 (USD Billion)

Table 3 Completion: Coiled Tubing Market, By Region, 2014-2022 (USD Billion)

Table 4 Drilling: Coiled Tubing Market, By Region, 2014-2022 (USD Billion)

Table 5 Others: Coiled Tubing Market, By Region, 2014-2022 (USD Billion)

Table 6 Global Coiled Tubing Market: By Region 2014-2022 (USD Billion)

Table 7 North America: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 8 North America: Coiled Tubing Market, By Country, 2014-2022 (USD Billion)

Table 9 U.S.: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 10 Canada: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 11 Mexico: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 12 Europe: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 13 Europe: Coiled Tubing Market, By Country, 2014-2022 (USD Billion)

Table 14 U.K.: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 15 Norway: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 16 Russia: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 17 The Netherlands: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 18 Rest of Europe: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 19 Middle East & Africa: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 20 Middle East & Africa: Coiled Tubing Market, By Country, 2014-2022 (USD Billion)

Table 21 Saudi Arabia: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 22 UAE: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 23 Kuwait: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 24 Egypt: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 25 Algeria: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 26 Rest of Middle East & Africa: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 27 Asia-Pacific: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 28 Asia-Pacific: Coiled Tubing Market, By Country, 2014-2022 (USD Billion)

Table 29 China: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 30 India: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 31 Indonesia: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 32 Malaysia: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 33 Rest of Asia-Pacific: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 34 South America: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 35 South America: Coiled Tubing Market, By Country, 2014-2022 (USD Billion)

Table 36 Brazil: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 37 Argentina: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 38 Rest of South America: Coiled Tubing Market, By Service, 2014-2022 (USD Billion)

Table 39 Coiled Tubing Active Fleet, by Region, 2014-2016 (Units)

Table 40 Coiled Tubing Active Fleet, by Key players, 2014-2016 (Units)



LIST OF FIGURES



FIGURE 1 Global Coiled Tubing market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Coiled Tubing Market

FIGURE 4 Value Chain of Global Coiled Tubing Market

FIGURE 5 Global Coiled Tubing Market: By Service, 2014-2022 (USD Billion)

FIGURE 6 Global Coiled Tubing Market: By Region, 2014-2022 (USD Billion)

FIGURE 7 North America Coiled Tubing Market: By Country, 2016 (%)

FIGURE 8 Europe Coiled Tubing Market: By Country, 2016 (%)

FIGURE 9 Middle East & Africa Coiled Tubing Market: By Country, 2016 (%)

FIGURE 10 Asia-Pacific Coiled Tubing Market: By Country, 2016 (%)

FIGURE 11 South America Coiled Tubing Market: By Country, 2016 (%)

FIGURE 12 Coiled Tubing Active Fleet, by Region, 2016 (%)

FIGURE 13 Coiled Tubing Active Fleet, by Key players, 2016 (%)

FIGURE 14 Market Development Analysis, 2014-2016 (%)