Founded in 1936, Amsterdam, Netherlands-based Core Laboratories N.V. is an oilfield services company, operating in more than 50 countries. The firm deals with providing reservoir management and production enhancement services to the oil and gas companies. Geographically, the company has its operations in the United States, Europe, Africa, Middle East, Asia Pacific, Canada, Russia, Latin/South America. Notably, Core Labs generated revenues of $487.3 million in 2020.

While Core Labs provide different services and products for enhanced reservoir performance and oil/gas recovery, services accounted for 77% of the company’s sales in 2020. Product sales constituted 23% of the revenues. The company operates in two principal business lines: Reservoir Description and Product Enhancement.

The Reservoir Description segment is responsible for analyzing core samples of reservoir rocks for energy explorers ahead of the production. The collected data enables the producers to better understand the quantity and quality of hydrocarbons present. Accordingly, the explorers can determine the best ways to develop the fields so that they can maximize their output. This laboratory-based procedure helps in determining the rates at which oil and gas can be produced from the reservoir. Most of the firm's clients in this segment are non-US. During 2020, the Reservoir Description segment generated approximately 73% of the company’s revenues.

The Product Enhancement segment is engaged in helping operators increase oilfield recovery. It helps the oil and gas producers in well completions to increase recovery and extend the production life of the field. The company uses hydraulic fracturing and enhanced oil recovery methods to boost its output. The scope of the work also includes to adopt effective techniques to minimize the damage to the formation while bolstering the output. A vast majority of Core Laboratories’ Product Enhancement products are patented. This segment contributed 27% of revenues in 2020.