South America Coiled Tubing Market worth $464.4 Million by 2019

Rising energy demand, redevelopment of mature oil field wells, increasing exploration and production activities in shale reservoirs, and commercially viable offshore drilling at multiple depths are among the key factors driving the South American coiled tubing market.

In the South American market, the Brazilian segment holds the largest share, having accounted for 27% share of the regional market in 2014. The other major countries contributing to the South American market are Venezuela, Argentina, and Columbia.

This South American coiled tubing market has been segmented and forecast on the basis of service types, such as well intervention and drilling services. The market has been further segmented and forecast on the basis of major countries, such as Brazil, Venezuela, Argentina, and Columbia.

This report also includes the market share and value chain analyses, and market metrics such as drivers and restraints. In addition, the report presents a competitive landscape and company profiles of the key players in the market. Halliburton Co., Schlumberger Ltd., and Weatherford International are among the major players of the South American coiled tubing market.

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