Thursday 21 May 2015, AmsterdamOver the last two decades, the CT market has witnessed significant advancements, which are transforming the market in North America. Coiled tubing services enable circulation, pumping, coiled tubing drilling, logging and perforating and production. Although the U.S. and Canada are mature markets, Canada is expected to become the new revenue-generating market for CT. The CT market in emerging countries is primarily driven by various economic developments. The recent shale gas development in the U.S. has pushed exploration activities in the region, thereby, increasing the market for CT. Due to the aforementioned favorable growth conditions in emerging countries, a number of players in the CT market are investing in them.