Coiled Tubing Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth And Forecast, 2013 - 2019
Description- Coiled tubing is used in the Oil and Gas industry, primarily for upstream activities. It is a lengthy and coiled tubular product used for oil and gas well operations. It also finds use in well clean out’s, pumping of nitrogen and as production tubing in depleted gas wells among others. Coiled tubing services are divided into well intervention services, drilling services and other services. The usage of coiled tubing in the oil and gas industry has multiple advantages ranging from contained well pressure, quicker trip times and lower personnel requirement among others. The market is poised for growth as more and more investments are being channeled towards the E&P industry. With development of offshore and deep-water drilling markets picking up the usage of such coiled tubing in these markets are imminent. Extensive shale gas exploration and drilling activities all over the world is one of the primary drivers of this market. Growing energy demands are likely