South America Coiled Tubing Market by Services (Well Intervention, Drilling & others), By Application (Onshore &Offshore), By Countries - Regional Trend & Forecast to 2019

The South America coiled tubing market is estimated to grow at a CAGR of 6.6% during the forecast period of 2014 to 2019. The rise in demand for energy, strict environmental regulations, introduction of new machinery and services, improvements in existing products, and government regulations are some of the key factors that are fueling the growth of the coiled tubing market in South America. However, tough competition from existing players, availability of various options at lower costs, and difficulty in finding economically viable reserves are some factors that may restrain the growth of the South America coiled tubing market.

Countries such as Columbia and Argentina are emerging markets for coiled tubing. Due to the increase in exploration and production operations in Argentina, Columbia, Brazil, and Venezuela have turned them into potential markets for coiled tubing services. The reinforcement of existing wells to boost the production is also a key reason for the growth of the market for coiled tubing services, in South America.

In 2013, Schlumberger (U.S.) held the leading position in the South America coiled tubing market, with 43.1% market share. Over the past few years, the company has focused on its R&D capabilities, new product launches, and strategic partnerships/agreements as its key business strategies to ensure its dominant position in this market. In addition, Halliburton (U.S.), Baker Hughes (U.S.), Superior Energy Inc. (U.S.), and Weatherford International (Ireland) are some other leading players of the South America coiled tubing market.

Scope of the Report

This research report categorizes the South America coiled tubing market in to the following segments and sub segments:

South America Coiled Tubing Market, By Type

• Well Intervention
• Drilling
• Others

South America Coiled Tubing Market, By Application

• Onshore
• Offshore

South America Coiled Tubing Market, By Geography

• Brazil
• Venezuela
• Rest of South America

Table of Contents

1 Introduction (Page No. - 10)
    1.1 Objectives of the Study
    1.2 Market Segmentation & Coverage
    1.3 Stakeholders

2 Research Methodology (Page No. - 12)
    2.1 Integrated Ecosystem of Coiled Tubing Services Market
    2.2 Arriving at the Coiled Tubing Services Market Size
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand-Side Approach
           2.2.4 Macroindicator-Based Approach
    2.3 Assumptions

3 Executive Summary (Page No. - 20)

4 South America Coiled Tubing Market Overview (Page No. - 22)
    4.1 Introduction
    4.2 Coiled Tubing Services Market: Comparison With Parent Market
    4.3 Market Drivers and Inhibitors
    4.4 Key Market Dynamics
    4.5 South America Demand-Side Analysis

5 South America Coiled Tubing Market, By Application (Page No. - 28)
    5.1 Introduction
    5.2 South America Demand-Side Analysis
    5.3 South America Coiled Tubing Coiled Tubing Services Market in Onshore Services, By Geography
    5.4 South America Coiled Tubing in Offshore, By Geography

6 South America Coiled Tubing Market, By Type (Page No. - 34)
    6.1 Introduction
    6.2 South America Coiled Tubing Services Market, Type Comparison With Oilfield Services Market
    6.3 South America Coiled Tubing Services Market, By Geography
    6.4 South America Well Intervention, By Geography
    6.5 South America Drilling Market, By Geography
    6.6 Sneak View: South America Coiled Tubing Services Market, By Type

7 South America Coiled Tubing Market, By Geography (Page No. - 42)
    7.1 Introduction
    7.2 Vendor-Side Analysis
    7.3 Brazil Coiled Tubing Services Market
           7.3.1 Brazil Coiled Tubing Services Market, By Application
           7.3.2 Brazil Coiled Tubing Services Market, By Type
    7.4 Venezuela Coiled Tubing Services Market
           7.4.1 Venezuela Coiled Tubing Services Market, By Application
           7.4.2 Venezuela Coiled Tubing Services Market, By Type

8 South America Coiled Tubing Market: Competitive Landscape (Page No. - 53)
    8.1 South Americacoiled Tubing Services Market: Company Share Analysis
    8.2 Company Presence in Coiled Tubing Services Market, By Type
    8.3 Mergers & Acquisitions
    8.4 Expansions
    8.5 Other Developments

9 South America Coiled Tubing Market, By Company (Page No. - 58)
    9.1 Baker Hughes Inc.
           9.1.1 Overview
           9.1.2 Key Financials
           9.1.3 Product and Service Offerings
           9.1.4 MMM View
    9.2 Halliburton Co.
           9.2.1 Company Financials
           9.2.2 Product and Service Offerings
           9.2.3 Company Developments
           9.2.4 MMM View
    9.3 Weatherford International Plc
           9.3.1 Company Financials
           9.3.2 Product and Service Offerings
           9.3.3 Company Developments
           9.3.4 MMM View
    9.4 Schlumberger Ltd.
           9.4.1 Overview
           9.4.2 Key Operations Data
           9.4.3 Key Financials
           9.4.4 Product and Service Offerings
           9.4.5 Related Developments
           9.4.6 MMM View
    9.5 Calfrac Well Services
           9.5.1 Product & Services
           9.5.2 Key Financials:
           9.5.3 Recent Development
           9.5.4 MMM View
    9.6 Trican Well Service
           9.6.1 Product & Services
           9.6.2 Company Financials
           9.6.3 Company Developments
    9.7 Aker Solutions ASA
           9.7.1 Company Financials
           9.7.2 Product & Services
           9.7.3 Company Developments
           9.7.4 MMM View

10 Appendix (Page No. - 86)
     10.1 Customization Options
             10.1.1 Products & Services Benchmarking Analysis
             10.1.2 Regulatory Framework
             10.1.3 Impact Analysis
             10.1.4 Current Industry Challenges
             10.1.5 Historical Data & Trends
             10.1.6 Oilfield Services in Depth Value Chain Analysis
     10.2 Related Reports
     10.3 Introducing RT: Real-Time Market Intelligence
             10.3.1 RT Snapshots

List of Tables (57 Tables)

Table 1 Global Coiled Tubing Peer Market Size, 2013 (USD Million)
Table 2 South America Coiled Tubing Services Application Market, 2014 (USD Million)
Table 3 South America Coiled Tubing Services Market: Macroindicators, By Geography, 2013
Table 4 South America Coiled Tubing Services Market: Comparison With Parent Market, 2013 – 2019 (USD Million)
Table 5 South America Coiled Tubing Services Market: Drivers and Inhibitors
Table 6 South America Coiled Tubing Services Market, By Application, 2013 - 2019 (USD Million)
Table 7 South America Coiled Tubing Services Market, By Type, 2013 - 2019 (USD Million)
Table 8 South America Coiled Tubing Services Market, By Geography, 2013 - 2019 (USD Million)
Table 9 South America Coiled Tubing Services Market: Comparison With Application Markets, 2013 - 2019 (USD Million)
Table 10 South America Coiled Tubing Services Market, By Application, 2013 - 2019 (USD Million)
Table 11 South America Coiled Tubing Services Market: Comparison With Application Markets, 2013 - 2019 (USD Million)
Table 12 South America Coiled Tubing in Onshore Services, By Geography, 2013 - 2019 (USD Million)
Table 13 South America Coiled Tubing on Offshore, By Geography, 2013 - 2019 (USD Million)
Table 14 South America Coiled Tubing Services Market, By Type, 2013 - 2019 (USD Million)
Table 15 South American Coiled Tubing Services Market: Type Comparison With Parent Market, 2013–2019 (USD Million)
Table 16 South American Coiled Tubing Services Maret, By Geography, 2013–2019 (USD Million)
Table 17 South America Well Intervention Market, By Geography, 2013 - 2019 (USD Million)
Table 18 South America Drilling Market, By Geography, 2013 - 2019 (USD Million)
Table 19 South American Coiled Tubing Services Market, By Geography, 2013 - 2019 (USD Million)
Table 20 South America: CT Active Fleet Count, By Country, 2012 – 2013 (Units)
Table 21 Brazil Coiled Tubing Services Market, By Application, 2012-2018 (USD MN)
Table 22 Brazil Coiled Tubing Services Market, By Type, 2013 - 2019 (USD Million)
Table 23 Venezuela Coiled Tubing Services Market, By Application, 2013 - 2019 (USD Million)
Table 24 Venezuela Coiled Tubing Services Market, By Type, 2013 - 2019 (USD Million)
Table 25 Coiled Tubing Services Market: Company Share Analysis, 2013 (%)
Table 26 South America Coiled Tubing Services Market: Mergers & Acquisitions
Table 27 South American Coiled Tubing Services Market: Expansions
Table 28 South American Coiled Tubing Services Market: Investments
Table 29 Baker Hughes Inc.: Key Financials, 2009 - 2013 (USD MN)
Table 30 Net Sales, By Business Segment, 2009-2013 (USD Million)
Table 31 Net Sales, By Geographical Segment, 2009-2013 (USD Million)
Table 32 Baker Hughes Inc.: CT Active Fleet Count, By Geography, 2012 – 2013 (Units)
Table 33 South America: CT Active Fleet Count, By Country, 2012 – 2013 (Units)
Table 34 Key Financials, 2009 - 2013 (USD Million)
Table 35 Net Sales, By Business Segment, 2009-2013 (USD Million)
Table 36 Net Sales, By Geographical Segment, 2009-2013 (USD Million)
Table 37 Halliburton Co.: CT Active Fleet Count, By Geography, 2012 – 2013 (Units)
Table 38 South America: CT Active Fleet Count, By Countries, 2012 – 2013 (Units)
Table 39 Key Financials, 2009 - 2013 (USD Million)
Table 40 Net Sales, By Business Segment, 2009-2013 (USD Million)
Table 41 Net Sales, By Geographical Segment, 2009-2013 (USD Million)
Table 42 Weatherford Plc: CT Active Fleet Count, By Geography, 2012 – 2013 (Units)
Table 43 South America: CT Active Fleet Count, By Countries, 2012 – 2013 (Units)
Table 44 Schlumberger Ltd.: Key Operation Data, 2009-2013 (USD MN)
Table 45 Schlumberger Ltd.: Market Revenue, By Business Segments, 2010-2013 (USD MN)
Table 46 Schlumberger Ltd.: Market Revenue, By Geography, 2010 – 2013 (USD MN)
Table 47 Schlumberger Ltd.: CT Active Fleet Count, By Geography, 2012 – 2013 (Units)
Table 48 South America: CT Active Fleet Count, By Country, 2012 – 2013 (Units)
Table 49 Services of Calfrac Well Services
Table 50 Key Financials, 2009-2013 (USD Million)
Table 51 Services of Trican Well Service
Table 52 Key Financials, 2009-2013 (USD Million)
Table 53 Net Sales By Business Segment (USD Million)
Table 54 Net Sales By Geographical Regions, 2009-2013 (USD Million)
Table 55 Aker Solutions Asa: Key Financials, 2009- 2013 (USD Million)
Table 56 Net Sales, By Business Segment, 2009-2013 (USD Million)
Table 57 Net Sales, By Geographical Region, 2009-2013 (USD Million)

List of Figures (33 Figures)

Figure 1 South America Coild Tubing Market: Segmentation & Coverage
Figure 2 Coiled Tubing Services Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand-Side Approach
Figure 7 Macroindicator-Based Approach
Figure 8 South America Coiled Tubing Services Market Snapshot
Figure 9 South America Coiled Tubing Services Types, By Geography, 2014 (USD Million)
Figure 10 South America Coiled Tubing Services Market, By Application, 2013 - 2019 (USD Million)
Figure 11 South America Coiled Tubing Services Market in Onshore Services, By Geography, 2013 - 2019 (USD Million)
Figure 12 South America Coiled Tubing Services Market in Offshore, By Geography, 2013 - 2019 (USD Million)
Figure 13 South America Coiled Tubing Services Market, By Type, 2013 - 2019 (USD Million)
Figure 14 South America Coiled Tubing Services Market: Type Comparison With Oilfield Services Market, 2013–2019 (USD Million)
Figure 15 South America Coiled Tubing, By Geography, 2013–2019 (USD Million)
Figure 16 South America Well Intervention, By Geography, 2013 - 2019 (USD Million)
Figure 17 South America Drilling Market, By Geography, 2013 - 2019 (USD Million)
Figure 18 South American Coiled Tubing Services Market: Growth Analysis, By Geography, 2012-2018 (USD MN)
Figure 19 Brazil Coiled Tubing Services Market Overview, 2014 & 2019 (%)
Figure 20 Brazil Coiled Tubing Services Market, By Application, 2013-2019 (USD Million)
Figure 21 Brazil Coiled Tubing Services Market: Application Snapshot
Figure 22 Brazil Coiled Tubing Services Market, By Type, 2013 - 2019 (USD Million)
Figure 23 Brazil Coiled Tubing Services Market Share, By Type, 2013-2019 (%)
Figure 24 Venezuela Coiled Tubing Services Market Overview, 2014 & 2019 (%)
Figure 25 Venezuela Coiled Tubing Services Market, By Application, 2013-2019 (USD Million)
Figure 26 Venezuela Coiled Tubing Services Market: Application Snapshot
Figure 27 Venezuela Coiled Tubing Services Market, By Type, 2013 - 2019 (USD Million)
Figure 28 Venenzuela Coiled Tubing Services Market Share, By Type, 2013-2019 (%)
Figure 29 South American coiled Tubing Services Market: Company Share Analysis, 2013 (%)
Figure 30 Coiled Tubing: Company Product Coverage, By Type, 2013
Figure 31 Halliburton Co. Revenue Mix, 2013 (%)
Figure 32 Weatherford Revenue Mix, 2013 (%)
Figure 33 Aker Solutions ASA, Revenue Mix, 2013 (%)

The South America coiled tubing market has been broadly classified into well intervention and drilling services. Well intervention services accounted for a larger share of the South American coiled tubing market in 2013. However, the drilling services segment is estimated to grow at the faster CAGR during the forecast period of 2014 to 2019, mainly owing to factors such as technological advancements in drillings services and increasing drilling operations in the region.

The well intervention services market has been further segmented into well cleaning & pumping operations and completions & mechanical operations. Coiled tubing drilling services have no further segmentation. The South American coiled tubing market is estimated to grow at a CAGR of 5.8% from 2014 to 2019.

A number of factors including rise in drilling operations, rise in demand for oil & gas, and increasing production rate from the wells and oil & gas reservoirs are driving the growth of the coiled tubing market in South America. However, the stringent government regulations and environmental policies are some of the major challenges that may restrain the growth of the South American market.

On the basis of geography, Brazil, Venezuela, and Rest of South America are the major segments considered for the market analysis. Factors such as advancement in drilling operations, and innovation and introduction of new service systems of coiled tubing and raising demands are driving the growth of the coiled tubing market in South America. While the segments is Argentina and Columbia (considered under the Rest of South America segment) are projected to be high-growth segments of the coiled tubing market, Brazil and Venezuela are the major contributors to the South American market presently.

New product launches and mergers & acquisitions are the key strategies adopted by the major players to catalyse their growth in the South American coiled tubing market. Moreover, strategies such as product innovations, cleaner and more efficient systems, and detection techniques are used by the players to expand their market share. Schlumberger (U.S.), Halliburton (U.S.), Baker Hughes (U.S.), and Weatherford International (Ireland) are the key players operating in the South American coiled tubing market.