Core Laboratories operates primarily through two business segments: Reservoir Description and Production Enhancement. The Reservoir Description segment, which generates the majority of its revenue, involves laboratory testing of rock and fluid samples to generate critical pressure, volume, and temperature (PVT) data used in well design. The Production Enhancement segment provides diagnostic services, such as chemical tracers, and manufactures specialized completion products like zero-debris perforating charges. With a strong international presence, the company derives over 60% of its revenue from outside North America, particularly in the Europe, Africa, and Middle East (EAME) regions. Core Lab's proprietary technologies and extensive historical datasets create high switching costs and strong customer loyalty among major energy companies worldwide.
