exhibit unique characteristics which optimally address burst and collapse pressures pull and compression loads as well as high strains imposed by bending this enabling capability expands the performance parameters of tubulars beyond the physical limitations of steel or alternative isotropic materials in addition the fibers and resins used in composite coiled tubing construction make the tube impervious to corrosion and resistant to chemicals encountered in the treatment of oil and gas wells the service life potential of composite coiled tubing is substantially longer than that of conventional steel pipe when subjected to multiple plastic deformation bending cycles with high internal pressures composite coiled tubing will provide the ability to extend the vertical and horizontal reach of existing concentric well services the operational concept of a coiled tubing system involves the deployment of a continuous string of small diameter tubing into a wellbore to perform a specific well service procedure without disturbing the existing completion tubulars and equipment when the service is completed the small diameter tubing is retrieved from the wellbore and spooled onto a large reel for transport to and from work locations additional applications of coiled tubing technology are for drilling wells as well as for servicing other extended reach.