e Laboratories (US:CLB)2019-12-11 14:01Core Lab's Business Focus - Core Lab focuses on maximizing incremental daily production rates and ultimate recovery rates for clients [4] - The company targets the stable production and production enhancement component of oil companies' budgets [5] - Core Lab provides services along the decline curve through Reservoir Description and Production Enhancement [6] Core Lab's Technology and Services - Core Lab uses advanced fluid testing methods, including the Sanchez Cell, for enhanced oil recovery (EOR) tests [6] - The company aims to help clients achieve over 40% ultimate recovery from conventional reservoirs [7] - For unconventional reservoirs, Core Lab's light hydrocarbon gas injections have yielded recoveries of up to 15% on average in laboratory settings [8] - Core Lab uses High Frequency Nuclear Magnetic Resonance (NMR) to distinguish between moveable and immoveable hydrocarbon [9] - Core Lab's completion products technology is designed to minimize formation damage and maximize incremental recovery [17] - The company introduced the Guardian Ballistics Delivery System (BDS) [18] and the GoGunTM Adaptive Perforating System [19] - The HERO® PerFRAC perforating system is designed to provide consistent hole sizes, maximizing frac efficiency [16]