Core Laboratories
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| Company type | Public |
|---|---|
| NYSE: CLB S&P 600 component | |
| ISIN | NL0000200384  |
| Industry | Petroleum |
| Founded | 1936 |
| Headquarters | Houston, Texas |
Number of locations | 50+ countries, 6 continents (2023) |
Area served | Worldwide |
| Products | Reservoir Descriptiont Production Enhancement |
Number of employees | 3,200+ (as of 2023) [1] |
| Website | corelab |
Core Laboratories N.V. is a provider of proprietary and patented reservoir description and production enhancement services and products in the petroleum industry.
Background[edit]
Core Lab provides its services to the world’s major, national and independent oil companies.[2] The company is a publicly traded company on NYSE under the symbol "CLB" since July 10, 1998 [3] and on Euronext Amsterdam since May 16, 2012.[4] It is classified in the GCIS Sub-Industry: Oil & Gas Equipment & Services.[5] The company markets and sells its products through a combination of sales representatives, technical seminars, trade shows, and print advertising, as well as through distributors.[6] The Company has over 70 offices in more than 50 countries and is located in every major oil-producing province in the world.
Core Laboratories engages in the provision of proprietary and patented reservoir description, production enhancement and reservoir management services to the oil and gas industry.[7] It operates through three segments: Reservoir Description, and Production Enhancement.[7]
The Reservoir Description segment includes the characterization of petroleum reservoir rock and reservoir fluid samples to enhance production and improve recovery of crude oil and gas from its clients' reservoirs. [6] It offers laboratory-based analytical and field services to characterize properties of crude oil and oil delivered products; and proprietary and joint industry studies, as well as services that support carbon capture, utilization and storage, geothermal projects, and the evaluation and appraisal of mining activities[6].
The Production Enhancement segment provides services and products relating to reservoir well completions, perforations, stimulations, production, and well abandonment.[6] It offers integrated diagnostic services to evaluate and monitor the effectiveness of well completions and to develop solutions to improve the effectiveness of enhanced oil recovery projects.[6]
In 2023 the company announced its collaboration with Halliburton in the U.S. to compress the delivery time of cutting-edge comprehensive digital rock data solutions from months to weeks, even while full petrophysical laboratory measurements are in progress.[8] This collaboration combines Core Lab's industry-leading expertise in reservoir description and optimization technologies with Halliburton's specialization in pore-scale digital rock analysis.[8] The integration allows U.S. clients to run pore-scale simulations simultaneously with physical laboratory experiments, revolutionizing the accuracy and innovation of digital rock characterization workflows.[8]
In 2021 Core Lab began a partnership with the University of Houston to bolster the school's geologic education. Using Core Lab's RapidZoom™ technology students are able to see what rock sample looks like at high-magnification[9]. The company's RapidZoom™ technology is a web-enabled tool, developed to visualize ultra-high resolution images.[9] Features of the tool include pan and zoom across an entire image with dynamic scaling, on-screen measurements, annotations, image descriptions, screen capture and image rotation.[9]
References[edit]
- ^ https://corelab.com/. Retrieved 08 May 2024.
{{cite web}}: Check date values in:|accessdate=(help); Missing or empty|title=(help) - ^ "Core Laboratories | CLB Stock Price, Company Overview & News". Forbes. Retrieved 2024-05-08.
- ^ "CLB summary". Nyse.com. Archived from the original on 25 March 2014. Retrieved 22 September 2018.
- ^ "Core Laboratories N.V. - Euronext". Euronext.com. Retrieved 22 September 2018.
- ^ "Knight Transportation, Core Laboratories Set to Join S&P MidCap 400; SolarEdge Technologies to Join S&P SmallCap 600". Prnewswire.com. Retrieved 22 September 2018.
- ^ a b c d e "Core Laboratories Inc. (CLB)". Yahoo Finance.
- ^ a b "Core Laboratories | CLB Stock Price, Company Overview & News". Forbes. Retrieved 2024-05-08.
- ^ a b c "Halliburton (HAL) and Core Labs Join Forces on Digital Rock". Yahoo Finance. 2023-10-10. Retrieved 2024-05-08.
- ^ a b c "Teaching with Technology: Geology Alums Step in to Enhance Education During Pandemic - University of Houston". uh.edu. Retrieved 2024-05-08.
External links[edit]
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