The first event of the project became first All Russian Coiled Tubing Conference, which was held in Moscow at March 23, 1998. The conference was initiated and organized by FID Group and gathered representatives of all big Russian oil and gas production companies.

Despite the fact, that such companies, as Lukoil and Surgutneftegas, started to use the coiled tubing units in 1993, the most operators with CT equipment only did some pilot works at that time. There were a lot of reasons for that, but as the main one can underlines the absence of equipment on reasonable prices, which was especially actual taking into a count the low oil prices and therefore underfinancing of service departments of production companies, and absence of accessible information about coiled tubing equipment and technologies and their advantages for well workover and stimulation works.

By the way, at that time more than 95% of world coiled tubing units manufacture was provided by companies of US and Canada, and this equipment also dominated on Russian market. The main aim of organizers was to understand is there is a real interest from Russian operators in coiled tubing industry development and implementation of coiled tubing technologies in everyday practice.

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