The coil tubing market in Africa is one that is anticipated to be active and grow over the next four years, as stated in the Africa Coiled Tubing Market -- Opportunities and Forecasts, 2014-22 report by Research and Markets.
Coil tubing is used for oil and gas fields with mostly upstream applications, meaning that the quality and performance of the products are very important. Coiled tubes are composed of very low-alloy carbon-steel.
The report finds that Well Intervention and Drilling will be key segments of the market, with onshore and offshore applications.
Algeria and Egypt will be large players in the coil tubing market and key companies are expected to be Schlumberger Ltd., Baker Hughes Inc., Calfrac Well Services Ltd., Halliburton Co., Trican Well Services Ltd., Aker Solutions ASA, Weatherford International PLC.