The report also profiles and analyzes the business strategies of the leading companies operating In the segment, including their expansion plans. Geographical Coverage Global The U. S. - China Middle East Russia Company Coverage National Oil Company Tenants S. A. Velour S. A. TEM Group Executive Summary Oil Country Tubular Goods (COOT) refers to the steel tubes and casings which are primarily used for drilling and producing OLL and gas.
COOT consists of drill pipe, casing, and tubing subjected to loading conditions according to their specific application. Globally, the increasing appetite for energy has led to growth in oil and gas exploration and production activities and it has resulted in the growing demand for COOT products. COOT can be produced as seamless or welded tube and pipe. Seamless COOT tubes/pipes are mostly used for oil and gas exploration and production as the seamless process can achieve higher grades and heavier wall thicknesses than welding can.
Growth of the market Is backed by growth In crude OLL prices, rising global demand for oil and natural gas and increase in number of drill rigs. Factors that are holding back market growth are environmental and regulatory issues in addition to depletion of limited oil and gas reserves. The major trends observed In the COOT market globally include growth In global rig count, rise In horizontal drilling, seamless pipe capacity development and worldwide arrests globally are the U. S. China and Russia, accounting for majority of COOT consumption every year.