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Profile: Core Laboratories NV (CLB.N)

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Core Laboratories N.V., incorporated on July 8, 1994, is a provider of reservoir description, production enhancement and reservoir management services to the oil and gas industry. The Company's services and products are directed toward enabling the Company's clients to improve reservoir performance and increase oil and gas recovery from their producing fields. The Company has over 70 offices in over 50 countries. The Company operates in three segments: Reservoir Description, Production Enhancement and Reservoir Management. These segments provide different services and products and utilize different technologies for improving reservoir performance, and increasing oil and gas recovery from new and existing fields. The Company offers its services through its global network of offices. The Company manufactures products primarily in over four facilities for distribution on a global basis.

Reservoir Description

The Company's Reservoir Description segment encompasses the characterization of petroleum reservoir rock, fluid and gas samples. The Company provides analytical and field services to characterize properties of crude oil and petroleum products to the oil and gas industry. The Company provides services that characterize the porous reservoir rock and over three reservoir fluids. Services relating to these fluids include determining quality and measuring quantity of the fluids and their derived products. This includes determining the value of different crude oil and natural gases by analyzing the individual components of complex hydrocarbons. These data sets are used by oil companies to determine the efficient method by which to recover, process and refine these hydrocarbons to produce the value added to crude oil and natural gas.

The Company analyzes samples of reservoir rocks for their porosity, which determines reservoir storage capacity, and for their permeability, which defines the ability of the fluids to flow through the rock. These measurements are used to determine how much oil and gas are present in a reservoir and the rates at which the oil and gas can be produced. The Company also uses its services and technologies to correlate the reservoir description data to wireline logs and seismic data by determining the different acoustic velocities of reservoir rocks containing water, oil and natural gas. These measurements are used in conjunction with the Company's reservoir management services to develop programs to produce oil and gas from the reservoir.

Production Enhancement

The Company's Production Enhancement segment includes products and services relating to reservoir well completions, perforations, stimulations and production. The Company provides integrated services to evaluate the effectiveness of well completions and to develop solutions aimed at increasing the effectiveness of enhanced oil recovery projects. The Company provides diagnostic services and products to help optimize completion and reservoir operations, and field development strategies in order to increase recoverable reserves. The Company provides services that are used by others to develop and optimize hydraulic fracturing and field flood projects. The Company's data on rock type and strength are critical for determining the proper design of the hydraulic fracturing job. In addition, the Company's testing indicates whether the fluid slurry is compatible with the reservoir rock so that damage does not occur that would restrict production. The Company also provides testing of various propping agents and software to help pick the best proppant based on net present value calculations of client investments. The Company's ZERO WASH tracer technology is used to determine that the proppant material is properly placed in the fracture.

SPECTRACHEM is the Company's technology, which is developed for optimizing hydraulic fracture performance. SPECTRACHEM is used to aid operators in determining the efficiency of the fracture fluids used. SPECTRACHEM tracers allow operators to evaluate the quantity of fracture fluid that returns to the wellbore during the clean-up period after a hydraulic fracturing event. This technology also allows the Company's clients to evaluate load recovery, gas breakthrough, fluid leak-off and breaker efficiency, all of which are factors for optimizing oil and/or natural gas production after the formation is hydraulically fractured. The SPECTRACHEM Plus service determines the effectiveness and efficiency of the hydraulic fracture stimulation of long multi-stage horizontal wells in oil- and gas-shale plays throughout North America.

The Company's completion monitoring system, COMPLETION PROFILER, helps to determine flow rates from reservoir zones after they have been hydraulically fractured. The Company's FLOWPROFILER service, a hydrocarbon-based tracer technology, which is a further development of the Company's patented SPECTRACHEM technology, quantifies the hydrocarbon production from discrete segments in multi-stage horizontal well completions and stimulations in unconventional tight-oil or gas plays. The Company has tracers used for oil reservoirs, which are different from the Company's tracers used for gas reservoirs. FLOWPROFILER technology employs a hydrocarbon-soluble tracer and water-soluble tracer introduced into specific and isolated stages via the stimulating proppant stream.

The Company conducts dynamic flow tests of the reservoir fluids through the reservoir rock, at actual reservoir pressure and temperature, to realistically simulate the actual flooding of a producing zone. The Company uses technologies, such as its Saturation Monitoring by the Attenuation of X-rays (SMAX), to help design the enhanced recovery project. After a field flood is initiated, the Company is involved in monitoring the progress of the flood. The Company's PACKSCAN technology is used as a tool to evaluate gravel pack effectiveness in an unconsolidated reservoir. PACKSCAN measures the density changes in the area around the tool and is designed to observe the changes within the gravel pack annulus to verify the completeness of the gravel pack protection of the wellbore without any additional rig time.

The Company's High Efficiency Reservoir Optimization (HERO), SUPERHERO and SUPERHERO Plus perforating systems enhance reservoir performance. The SUPERHERO and SUPERHERO Plus perforating systems complement the Company's HERO line, and are designed to optimize wellbore completions and stimulation programs in oil- and gas-shale reservoirs. SUPERHERO and SUPERHERO Plus charges can eliminate the ineffective perforations that would otherwise limit daily oil and natural gas production and hinder the optimal fracture stimulation programs needed for prolific production from the Bakken, Eagle Ford, Marcellus, Niobrara and similar oil- and gas-shale formations.

The Company's Horizontal Time-Delayed Ballistics Actuated Sequential Transfer (HTD-BLAST) perforating system is a technology useful for the perforation of extended-reach horizontal completions in the Bakken, Eagle Ford, and other shale formations. The HTD-BLAST perforating system can be deployed via coiled tubing and enables over 10 perforating events, beginning at the farthest reaches, or toe regions, of extended-reach horizontal wells, or over 30 perforating events in vertical wellbores. The Company also offers KODIAK Enhanced Perforating Systems energetic technology. The Company's X-SPAN and GTX-SPAN casing patches are supported by the Company's technical services personnel. These systems are capable of performing in high pressure oil and gas environments, and are used to seal non-productive reservoir zones from the producing wellbore.

Reservoir Management

The Company's Reservoir Management segment combines and integrates information from reservoir description and production enhancement services to increase production and improve recovery of oil and gas from the Company's clients' reservoirs. The Company is involved in various large-scale reservoir management projects. It also develops and provides industry consortium studies to provide critical reservoir information to a spectrum of clients, such as the Company's multi-client, basin-wide reservoir optimization projects conducted in North America and international settings. Many of these studies examine unconventional reservoirs. The Company engineers and manufactures permanent real-time reservoir monitoring equipment that is installed in the reservoir for the Company's oil and gas company clients. The Company's non-electronic ERD Pressure and Temperature sensors provide real-time data, which is used by drilling engineers to make real-time decisions, production engineers to optimize production, and reservoir engineers to prove up models and obtain a picture of the reservoir over time.

Company Address

Core Laboratories NV

Herengracht 424
AMSTERDAM     1017 BZ
P: +3124.203191

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