The global coiled tubing market is dominated by a few major players, with the top three companies, Schlumberger, Halliburton, and Baker Hughes, accounting for roughly 60-65% of the total market share. Coiled tubing operations have become essential for well intervention, coil tubing drilling, and production optimization, especially in regions with intensive shale gas and unconventional drilling activities.

North America leads the sector, with 70% of the largest coil tubing companies based in the United States and Canada, reflecting the region’s high demand for coiled tubing services. Other leading coiled tubing operators include Weatherford International, NOV Inc., Calfrac Well Services, and Superior Energy Services.

This blog explores the top 7 largest coiled tubing service companies in the world in 2025, detailing their headquarters, leadership, major projects, and coiled tubing capabilities.

List of Top 7 Biggest Coiled Tubing Service Companies in the World (2025) - According to Revenue

Schlumberger Limited (SLB)

Schlumberger Limited (SLB) is the largest coiled tubing service company in the world in terms of revenue generated in 2024. The company delivers advanced coiled tubing (CT) services for well intervention, drilling, stimulation, logging, and cementing across global oil and gas fields.

SLB, one of the largest oil and gas companies in the world, integrates high-performance equipment and real-time digital capabilities to optimize well operations, enhance safety, and shorten production cycles. Its CT offering includes specialized systems for matrix and fracture stimulation, cleanout, perforating, nitrogen kickoff, and well logging.

The ACTive™ real-time CT service and its high-bandwidth fiber optic cable provide continuous downhole data on pressure, temperature, and flow during live operations. The CT EXPRESS rapid-deployment unit reduces rig-up time, and ReSOLVE iX provides safe, non-explosive tubing cutting in deep or complex environments.

Baker Hughes Company

Baker Hughes is the second biggest coiled tubing company in the world. The company provides advanced coiled tubing (CT) services for well intervention, drilling, completion, and decommissioning. It integrates field-proven expertise with proprietary technologies to improve wellsite efficiency, reduce operational risk, and extend the life of producing assets.

Baker Hughes CT portfolio includes cleanout, extended-reach, and stimulation services designed for complex well geometries and challenging reservoir conditions. Key technologies such as the Tornado CT and Roto-Jet systems enhance debris removal, while CoilTrak CTD delivers precise directional control for re-entry and slimhole drilling applications.

The TeleCoil intelligent CT service by Baker Hughes provides downhole data on pressure, temperature, and depth, while CIRCA modeling software enables live job simulations for safer and more efficient operations. Offshore and space-constrained environments benefit from the MicroCoil compact system, and the Lateral Entry Guidance System (LEGS) facilitates reliable CT entry in multilateral wells.

Halliburton Company

Halliburton provides a wide range of coiled tubing services designed for well intervention, stimulation, and diagnostics across onshore and offshore operations. The company’s CT applications cover acidizing, hydraulic fracturing, wellbore cleanouts, plug millouts, cementing, fishing, and nitrogen jetting.

Key coiled tubing technologies and services:

• SandKleen® Service: Uses concentric coiled tubing for complex cleanout operations, removing sand, scale, and debris that restrict well flow.

• Subsea Coiled Tubing Downlines: Enables deepwater interventions directly from a vessel, eliminating the need for a rig.

• SPECTRUM® Real-Time Hybrid Coiled Tubing Services: Combines fiber-optic and electrical communication to deliver real-time downhole diagnostics during live operations, removing the need for separate diagnostic runs.

• SPECTRUM FUSION™: Integrates full wireline capabilities with CT to perform combined intervention and logging in a single run.

• Enhanced QuikRig® (EQR): A rapid-deployment coiled tubing system featuring a pre-assembled mast-based well-control package that reduces rig-up time and enhances on-site safety.

• InSite® for Well Intervention (IWI): A modeling software that simulates hydraulics and mechanical forces to design efficient, customized CT solutions.

In 2025, Halliburton, unveiled the world’s largest coiled tubing intervention system at its New Iberia facility, capable of handling 36,000 feet of CT.

NOV Inc.

NOV Inc. is one of the largest coiled tubing services companies in the world, delivering a wide range of coiled tubing products and equipment through its Quality Tubing and Hydra Rig™ brands. As a leading manufacturer and technology provider for well intervention and completion operations, NOV focuses on enhancing tubing strength, reliability, and safety across global oilfield applications.

Key coiled tubing technologies and services:

• ATP Coiled Tubing: Advanced Thermally Processed tubing with a refined microstructure that minimizes fatigue at bias welds, improving reliability and corrosion resistance.

• Conventional Coiled Tubing: Manufactured from high-strength, low-alloy steel with enhanced atmospheric corrosion protection for dependable field use.

• Hemidril™ Coiled Tubing Power Section: A high-performance downhole motor designed to deliver greater torque and efficiency in milling and drilling operations.

• Hydra Rig Coiled Tubing Units: A full range of truck-, skid-, and mast-mounted CT units built for rugged performance in onshore and offshore conditions.

• Coiled Tubing Mast Units: Compact systems that remove the need for cranes, offering safer and more efficient wellsite setups.

• Hydra Rig Merlin Control System: A wireless and automated control solution that reduces operator fatigue and integrates programmable safety logic.

The company’s projects include a record-breaking CT string reaching 27,005 feet in Saudi Arabia and the Wireless Offshore CTU, a system designed to enhance safety and environmental performance by eliminating hydraulic lines.

Weatherford International

Weatherford International provides an extensive range of coiled tubing services designed to optimize well performance, extend field life, and reduce intervention costs. The company supports every stage of a well’s lifecycle from drilling and completions to production enhancement and abandonment. 

Key coiled tubing technologies and services:

• SMART-LINK System: Real-time telemetry that transmits downhole data on pressure, torque, temperature, and force to optimize fluid placement and prevent tool sticking.

• CT QuickCut™ Casing Exit System: Creates high- and low-side casing exits in a single trip, ideal for re-entry drilling, multilateral wells, and complex trajectories.

• CT Dual-Acting Jar: Provides both upward and downward mechanical impacts to free stuck bottomhole assemblies, with an optional jar intensifier for enhanced performance.

• CTU-045 Coiled-Tubing Spread: A skid-based unit built to Rigsafe standards, offering a continuous pulling capacity of 100,000 pounds and snub-force capacity of 50,000 pounds.

• Reclaim™ Plug and Abandonment System: Uses coiled tubing to set rock-to-rock barriers for safe and permanent well abandonment.

Calfrac Well Services Ltd.

Calfrac Well Services provides coiled tubing services as part of its oilfield operations, supporting well completions, stimulation, and intervention across Canada, the United States, and Argentina. The company’s CT capabilities are designed for efficiency and durability in challenging downhole conditions, offering solutions for both conventional and unconventional reservoirs.

Key coiled tubing technologies and services:

• Well Stimulation: Coiled tubing is used to perform hydraulic fracturing and other stimulation methods to enhance well productivity and reservoir contact.

• Annular Fracturing: Calfrac has developed proprietary CT-based techniques for annular fracturing, effectively applied in major plays such as the Marcellus, Montney, and Cardium basins.

• Deep and Extended-Reach Wells: The company’s CT units are equipped to service high-pressure, deep wells with complex trajectories, supporting re-entry and multi-stage operations.

• Reel Capacity: Calfrac’s CT systems can reach true vertical depths beyond 10,000 feet, with reel capacities of up to 24,000 feet depending on tubing diameter.

• Downhole Interventions: Coiled tubing is also used for milling, cementing, and other wellbore maintenance and cleanout applications.

Superior Energy Services

Superior Energy Services provides coiled tubing as a core component of its well intervention and production enhancement portfolio. The company’s CT operations are designed to restore and improve well performance through efficient, flexible, and safe intervention techniques. 

Superior’s CT fleet supports a wide range of applications, from live well operations to complex multi-zone treatments, across both land and offshore environments.

Key coiled tubing technologies and services:

• Well Cleanouts: Removal of debris, sand, and scale to restore flow and maintain wellbore integrity.

• Acid Stimulation: Precise acid placement through CT to dissolve formation damage and increase hydrocarbon flow.

• Fracturing: Coiled tubing-assisted fracturing operations that deliver fluids at controlled high pressures to improve reservoir permeability.

• Cementing: Squeeze cementing for casing repair, zone isolation, and leak remediation.

• Logging and Perforating: Deployment of downhole tools for formation evaluation and perforation in a single run.

Here is the list of top coiled tubing companies other than top 7:

• Trican Well Service Ltd.

• Archer Limited

• Nabors Industries Ltd.

• NexTier Oilfield Solutions

• Coil tubing partners

Conclusion

The top 7 coiled tubing companies, Schlumberger, Halliburton, Baker Hughes, Weatherford International, NOV Inc., Calfrac Well Services, and Superior Energy Services, represent the increased demand for enhanced oil recovery, unconventional well interventions, and offshore operations. Their extensive fleets, advanced technologies, and global reach ensure efficient, safe, and high-performance well interventions across diverse formations and drilling environments.

Coil tubing operators will continue to invest in automation, digital monitoring, and deep-well capabilities, driving higher efficiency and precision in coil tubing drilling and well intervention projects worldwide. These trends reinforce the importance of coiled tubing as a core technology for modern oil and gas operations.

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