Coil Tubing Technology, Inc. (CTBG.PK) is a leader in designing and producing new proprietary tools for the coil tubing industry. The company supplies a full line of tools that are manufactured in accordance with oil industry specifications.
Coil Tubing Technology’s tools are available to oil companies, coiled tubing operators and well service companies. Their proprietary tools are able to remove barium, calcium carbonate, calcium sulfate, cement, coke tar, filter cake, and iron sulfides from the bores of wells. The tools can be applied for use in thru tubing fishing, thru tubing well stimulation workover, CT drilling and pipeline maintenance operations.
Using coiled tubing technology is particularly advantageous because it enables live-well workovers rather than “killing” the well first with fluids and deploying a conventional workover rig to the well. Coil Tubing Technology’s tools allow the well tubing to be cleared instead of replaced. The company believes that the time and money saved by using its technology are significant.
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