The adoption of technologically advanced tools and techniques by many oil & gas companies in order to access residual reserves on conventional acreages is a key factor driving the growth of the Africa coiled tubing market. However, the rising prices of crude oil lead different oil & gas exploration companies to cut costs by reducing production is a key restraining factor hampering the growth of the market.
Moreover, environmental concerns related to coastal wetlands and water bodies, underwater plumes, coral ecosystems, along with problems such as ocean acidification and marine life destruction also adversely hinders the market growth. Ongoing and upcoming projects in offshore drilling and shale exploration & production activities offer abundant growth opportunities for the Africa coiled tubing market.
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The report segments the Africa coiled tubing market on the basis of service, application and geography. Based on service, the market is segmented into well intervention, drilling and others. On the basis of application, the market is segmented into onshore and offshore. On the basis of country, the market is segmented into Algeria and Egypt.
Prominent players operating in this Africa coiled tubing market are Schlumberger Ltd., Baker Hughes Inc., Calfrac Well Services Ltd., Halliburton Co., Trican Well Services Ltd., Aker Solutions ASA and Weatherford International Plc.
KEY BENEFITS FOR STAKEHOLDERS:
- The report provides a comprehensive analysis of current & future trends and emerging avenues for the growth of the African coiled tubing market.
- The Africa coiled tubing market report offers an overview of changing market dynamics in terms of fast turn-around analysis of stakeholders responses to recent industry policy changes and trends.
- The report offers an insight into competitive landscape in terms of new technological developments, untapped segments, and value chain analysis.
- This report entails the detailed quantitative analysis of the current market and estimations through 2021 and 2028, which assists in identifying the prevailing market opportunities.
- Comprehensive coverage of product approvals, pipeline products, and product recalls.
- The Africa coiled tubing market report offers strategic analysis of financial status of key market players, and highlights market share of key vendors.
- The report offers information on the status of new projects along with offering investment feasibility analysis of the same.
- Tools such as Porters Five Forces model help in understanding the potentiality of key buyers and sellers.
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