Storage and deployment system for a composite slickline

A method of housing a slickline for use in a wellbore comprising:

• positioning a portion of the slickline into a controlled deployment device, wherein the controlled deployment device comprises a housing;
• and
• inserting the slickline into a receptacle using the controlled deployment device, wherein the receptacle is hollow and cone-shaped, wherein the receptacle is non-rotating, and wherein after the step of inserting, the slickline is housed inside of the receptacle;
• wherein the distance between the housing and the receptacle is such that the slickline maintains a substantially straight path between the housing and the receptacle.

A slickline system for use in a wellbore comprising:

• (A) a receptacle, wherein a slickline is housed on the inside of the receptacle, and wherein the receptacle is hollow and cone-shaped, wherein the receptacle is non-rotating,
• wherein the slickline comprises a composite material comprising a plurality of carbon fiber strands;
• and
• (B) a controlled deployment device, wherein the controlled deployment device comprises a housing, and wherein the controlled deployment device deploys at least a portion of the slickline into or from the receptacle, wherein the distance between the housing and the receptacle is such that the slickline maintains a substantially straight path between the housing and the receptacle.