Growing International and Offshore Markets Continue to Boost Demand for Core Labs' Services
Core Laboratories is the premier provider of reservoir characterization services. Its foundational core analysis business has been virtually untouched over the last several decades, and the firm has done well to augment its business in line with customer preferences without straying from its niche expertise. Over the last few years, the firm has leveraged its core analysis data to develop a robust portfolio of fluids analysis services, which now represent about 65% of Core’s annual revenue. It’s also leveraged its large swaths of data to develop its Production Enhancement segment, which largely focuses on well completions in the U.S.