DRILLING MARKET FOCUS: Coiled tubing market grows steadily, attracts new players

07/23/2007
Coiled tubing is one of the fastest growing oilfield technologies. CT services expanded 140% over 2001-06, second only to directional drilling, according to Colorado-based Spears & Assoc. Inc. (Table 1).1 Click here to enlarge imageSpears publishes an annual oil field market report that covers 33 market segments, among which are CT services, oil country tubular goods (OCTG), and unit manufacturing (includes CT).Operators worldwide employ versatile coiled tubing; it plays many roles in drilling, well stimulation, completion, and workovers. It’s also used for velocity and production strings, to convey logging tools, and for other special applications.The CT market broadly include...
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