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Coiled tubes are made up of very low-alloy carbon-steel and is needed in oil & gas industry during the phase of completion and oil recovery. With a large number of oil fields maturing, global production of oil volumes has decreased, companies in the exploration process need high-performing products. With growing investments in the energy sector, coiled tubing has large application in project related to shale gas development.
Increasing oil & gas exploration and production activities, maturing oil fields and geo-political factors are key factors responsible for the growth of the European coiled tubing market. Decrease in crude oil prices, strict government policies & environmental regulations, and intense market competition may hamper the growth of the Europe coiled tubing market. The European coiled tubing market is expected to gain traction across Russia.
The market is segmented on the basis of types, application and geography. On the basis of types, the market is segmented into well intervention, drilling, and others. Based on the application, the market is segmented into onshore & offshore. On the basis of country, the market is segmented into Russia, U.K. and others.
Key players operating in this market are Schlumberger Ltd., Halliburton Company, Coiled Tubing Fleet, Company Financials, Company Developments, MMM Analysis, Baker Hughes Inc., Weatherford International Ltd., Calfrac Well Services, Trican Well Service Ltd. and AKER Solutions ASA.
Key Company Profile
Europe Coiled Tubing Market Report Highlights
Aspects | Details |
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By Service |
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By Application |
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By Region |
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Key Market Players | Coiled Tubing Fleet, Schlumberger Ltd., Halliburton Company |
Other Key Market Players | Baker Hughes Inc., Weatherford International Ltd., Calfrac Well Services, Trican Well Service Ltd., AKER Solutions ASA. |
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