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Global Coiled Tubing Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Coiled tubing is a long metal pipe that is enclosed by a huge reel on a well site for repair and workover activities. It is a continuous long metal pipe that may be inserted into a borehole to a depth of up to 15,000 feet. Coiled tubing is utilised in many different processes, including milling, drilling, rock fracturing, sidetracking, production tubing, low bottom hole pressure drilling, wellbore cleanout, mechanical isolation, and tube logging and perforating.
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Asia Pacific is projected to have the highest CAGR over the forecast period. Oil and petrol demand from developing countries such as India, Vietnam, and China is increasing rapidly throughout the region. Oil fields are being developed by countries throughout the region. Cairn Oil & Gas and the Vedanta Company, for example, revealed in February 2022 that they had discovered a new oil well in Rajasthan, India.
Some of the key players profiled in the Coiled Tubing Market include National Energy Services Reunited, Calfrac Well Services Ltd, BHGE, Altus Intervention, Halliburton, Weatherford International PLC, Baker Hughes Company, Schlumberger Limited, Superior Energy Services, C&J Energy Services, Nabors Industries Ltd., Archer Limited and Trican Well Service Ltd.
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Comprehensive profiling of additional market players (up to 3)
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Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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