MRO Magazine

Research and Markets: Africa Coiled Tubing Market – Forecasts to 2019 with Schlumberge, Halliburton, Baker Hughes, Weatherford International & Trican Well Service Dominating


May 18, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/vs6lwx/africa_coiled) has announced the addition of the “Africa Coiled Tubing Market – Forecasts to 2019” report to their offering.

The Africa coiled tubing market is estimated to grow at a CAGR of 6.4% from 2014 to 2019.

Although Algeria holds a larger share of the coiled tubing market, Egypt is growing at the highest rate. Ongoing and upcoming developments in offshore drilling and extensive shale exploration and production activities are growth opportunities for the coiled tubing service market. However, there is intense competition in the market, owing to the presence of several existing industry players that create barriers to entry. This hampers the growth of the market.

This report analyzes the coiled tubing (CT) services market on the basis of service type, application, and country. In terms of service, the report analyzes the market by types of services in various countries. In terms of country, the market is segmented into Algeria, Egypt, and other countries. The CT services included in this report are well intervention, CT drilling, and others. In order to enable a deeper understanding of the competitive landscape, the report profiles companies operating in the CT services market, including African oilfield service companies.

The African countries in which CT applications are most frequently used are Algeria and Egypt. Egypt is estimated to grow at a higher CAGR than Algeria for the next five years. The increasing energy demand has compelled exploration and production companies to shift their focus to unconventional hydrocarbon resources. The E&P activities for unconventional resources require oil field services to produce oil & gas and to make the operations economically viable. This is likely to drive the coiled tubing market. The Africa coiled tubing market is a highly competitive market, with a large number of market players.

As of 2014, the Africa coiled tubing market is estimated to be dominated by Schlumberger Limited (U.S.), Halliburton (U.S.), Baker Hughes Inc. (U.S.), Weatherford International Ltd. (Switzerland), and Trican Well Service (Canada).

New product launches and partnerships, agreements, collaborations, and joint ventures are the key strategies adopted by market players to achieve growth in the coiled tubing services market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview

5 Africa Coiled Tubing Market, By Services

6 Africa Coiled Tubing Market, By Application

7 Africa Coiled Tubing Market, By Country

8 Africa Coiled Tubing Services Market: Competitive Landscape

9 Africa Coiled Tubing Services Market, By Companies

– Aker Solutions ASA

– Baker Hughes Inc.

– Calfrac Well Services Ltd.

– Halliburton Co.

– Schlumberger Ltd.

– Trican Well Services Ltd.

– Weatherford International PLC

For more information visit http://www.researchandmarkets.com/research/vs6lwx/africa_coiled

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Oilfield Equipment and Services