Core Laboratories Inc - Company Profile
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Business Description
Core Laboratories Inc (Core Lab) provides services to upstream oil and gas industry. Its portfolio includes core analysis, reservoir fluid analysis, inspection, testing and calibration, integrated reservoir solutions, diagnostic services, proppant and fluid testing, and perforating and reservoir monitoring solutions. The company operates through two reportable business segments: Reservoir Description and Production Enhancement. Core Lab continues to focus on developing new technologies, services and products, and expanding in global markets through strategic investments. The company operates its facilities in more than 50 countries across the world. In FY2023, the company’s capital expenditure stood at US$10.6 million which grew 3.5% YoY.
Business Segments
Overview
Offers diagnostic services to evaluate well completion effectiveness and solutions to improve the enhanced oil recovery projects. Implements hydraulic fracturing and floods reservoir with nitrogen, water, and carbon dioxide to improve flow. Its patented technologies include Spectrachem, Zero Wash, Spectraflood, and Packscan. Envisages offering higher margin products and services as major contributors to growth. In FY2023, the segment incurred a capital expenditure of US$1,808 million, which declined 17.1% YoY.
Performance
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Overview
Offers analytical and field services to characterize properties of porous reservoir rock and reservoir fluids by determining quality and quantity of the fluids and derived products. It analyzes samples of reservoir rocks for porosity and permeability to determine the availability of oil and gas and production rate; and correlates the reservoir description data with wireline logs and seismic data based on reservoir rocks’ acoustic velocities. The Digital Rock Characteristics (DRC) services include Dual Energy CT, non-destructive petrophysical evaluation technique providing insight into reservoir lithology and reservoir quality; and Micro CT, high-resolution pore imaging service offering quantification of routine and special core analysis properties. Developed analytical processes to understand High Frequency Nuclear Magnetic Resonance (NMR) measurements allowing the T1/T2 mapping to understand movable vs. unmovable fluid saturation distribution of complex systems; and Enhanced Oil Recovery (EOR) for shale reservoirs. Manufactures laboratory equipment, including flow systems and full visualization PVT cells and other ancillary equipment. Considers working on crude oil, large-scale, long-term, and LNG projects as major factors for growth. It focuses on core analyses and reservoir fluids’ characterization studies in Asia-Pacific, Africa, eastern Mediterranean, and the Middle East. In FY2023, the segment incurred a capital expenditure of US$8,312 million, which grew 11.5% YoY.
Performance
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Geographical Segments
- Asia Pacific
- Canada
- Europe/Africa/ Middle East
- Former Soviet Union
- Latin/ South America
- United States
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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