Pason Systems Inc - Company Profile

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Pason Systems Inc: Segment Analysis

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Business Description

Pason Systems Inc (Pason) is a provider of data management systems and instruments for oil and gas drilling. The company’s solutions include data acquisition, wellsite reporting, automation, remote communications, web-based information management, and data analytics enable collaboration between the drilling rig and the office.

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R&D Overview

Pason's research and development initiatives focus on maintaining its competitive position in the global drilling industry, expanding its market presence in the completions and solar and energy storage markets, and exploring future revenue growth opportunities in these segments. The company is also investing in new technology offerings and adjusting compensation to address inflation. The R&D unit of Pason is responsible for research and development activities, ongoing support for IT and technology platforms, and investments in new technology offerings. In FY2025, the company incurred expenditure of, CAD54.4 million on R&D, which as a percentage of the company’s revenue, stood at 13%.

Business Segments

Overview

Includes operations of Intelligent Wellhead Systems (“IWS”)

Performance

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Overview

Offers technology services to the oil and gas industry in Latin America, including Mexico, Offshore, the Eastern Hemisphere, and the Middle East.

Performance

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Overview

Offers technology services to the oil and gas industry in Canada and the US.

Performance

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Overview

Provides technology services to solar and energy storage developers.

Performance

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