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In the oil and gas industries, coiled tubing refers to a very long metal pipe, normally 1 to 3.25 in (25 to 83 mm) in diameter which is supplied spooled on a large reel. It is used for interventions in oil and gas wells and sometimes as production tubing in depleted gas wells. Coiled tubing is often used to carry out operations similar to wirelining. The main benefits over wireline are the ability to pump chemicals through the coil and the ability to push it into the hole rather than relying on gravity. Pumping can be fairly self-contained, almost a closed system, since the tube is continuous instead of jointed pipe. For offshore operations, the 'footprint' for a coiled tubing operation is generally larger than a wireline spread, which can limit the number of installations where coiled tubing can be performed and make the operation more costly. A coiled tubing operation is normally performed through the drilling derrick on the oil platform, which is used to support the surface equipment, although on platforms with no drilling facilities a self-supporting tower can be used instead. For coiled tubing operations on sub-sea wells a mobile offshore drilling unit (MODU) e.g. semi-submersible, drillship etc. has to be utilized to support all the surface equipment and personnel, whereas wireline can be carried out from a smaller and cheaper intervention vessel. Onshore, they can be run using smaller service rigs, and for light operations a mobile self-contained coiled tubing rig can be used.
The tool string at the bottom of the coil is often called the bottom hole assembly (BHA). It can range from something as simple as a jetting nozzle, for jobs involving pumping chemicals or cement through the coil, to a larger string of logging tools, depending on the operations.
Coil tubing has also been used as a cheaper version of work-over operations. It is used to perform open hole drilling and milling operations. Common coiled tubing steels have yield strengths ranging from 55,000 PSI to 120,000 PSI so it can also be used to fracture the reservoir, a process where fluid is pressurised to thousands of psi on a specific point in a well to break the rock apart and allow the flow of product. Coil tubing can perform almost any operation for oil well operations if used correctly.
The Coiled Tubing Unit market revenue was XX Million USD in 2022, and will reach XX Million USD in 2028, with a CAGR of XX% during 2022-2028.
This report elaborates the market size, market characteristics, and market growth of the Coiled Tubing Unit industry, and breaks down according to the type, application, and consumption area of Coiled Tubing Unit. The report also introduces players in the industry from the perspective of the industry chain and marketing chain and describes the leading companies.
In Chapter 2.3 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Coiled Tubing Unit in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19.
Chapter 2.5 covers the analysis of the impact of COVID-19 from the perspective of the industry chain.
In addition, chapters 6-10 consider the impact of COVID-19 on the regional economy.
Key players in the global Coiled Tubing Unit market covered in Chapter 11:
TRICAN
Total Equipment And Service
Jereh Oilfield Equipment
Stewart & Stevenson
DSTI
Precise Energy Products
CNPC
SERVA
KERUI
NOV
In Chapter 3, on the basis of types, the Coiled Tubing Unit market from 2018 to 2028 is primarily split into:
Truck Mounted Coiled Tubing Unit
Trailer Mounted Coiled Tubing Unit
Skid Mounted Coiled Tubing Unit
In Chapter 4, on the basis of applications, the Coiled Tubing Unit market from 2018 to 2028 covers:
Mountainous Area
Hills
Desert Area
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2028) of the following regions are covered in Chapter 5, 6, 7, 8, 9, 10:
North America (Covered in Chapter 6)
United States
Canada
Mexico
Europe (Covered in Chapter 7)
Germany
UK
France
Italy
Spain
Russia
Others
Asia-Pacific (Covered in Chapter 8)
China
Japan
South Korea
Australia
India
Middle East and Africa (Covered in Chapter 9)
Saudi Arabia
UAE
Egypt
South Africa
South America (Covered in Chapter 10)
Brazil
Argentina
Columbia
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028