NEW YORK, Jan. 20, 2015 /PRNewswire/ -- Europe is the second biggest market in the region and is growing at a fast pace. In countries like Russia the growth in number of coiled tubing market has been tremendous in the last few years.
The oil market in Middle East and Africa has been increasing since some years. This increase has helped the coiled turbine market in the region and in 2013 it had more than 200 coiled tubing units.
There are a number of problems that can develop in a producing well that can negatively affect operations, production and ultimately revenue generated, such as failure of mechanical equipment, changes in production characteristics, plugging and increases in injection pressure. After a well goes into production, these events may occur, requiring modification of the well in order to achieve optimal production; this is called well intervention.
Many times, at the slightest hint that there may be a problem with a producing well, well intervention solutions are sought. Should these problems be overlooked, the well may reach zero production over time. The problem within the well and the economics of the proposed solution are weighed in deciding how to solve the production problem.
A cost- and time-effective solution for well intervention operations employs coiled tubing. Instead of removing the tubing from the well, which is how workover rigs fix the problem, coiled tubing is inserted into the tubing against the pressure of the well and during production.
The coiled tubing is a continuous length of steel or composite tubing that is flexible enough to be wound on a large reel for transportation. The coiled tubing unit is composed of a reel with the coiled tubing, an injector, control console, power supply and well-control stack. The coiled tubing is injected into the existing production string, unwound from the reel and inserted into the well.
Coiled tubing is chosen over conventional straight tubing because conventional tubing has to be screwed together. Additionally, coiled tubing does not require a workover rig. Because coiled tubing is inserted into the well while production is ongoing, it is also a cost-effective choice and can be used on high-pressure wells.
What the Report Offers
1 - Market Definition for the specified topic along with identification of key drivers and restraints for the market.
2 - Market analysis for the global coiled tubing Market, with region specific assessments and competition analysis on a global and regional scale.
3 - Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
4 - Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
5 - Identification and analysis of the Macro and Micro factors that affect the global coiled tubing market on both global and regional scale.
6 - A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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