Core Laboratories undertakes reservoir description, production enhancement and reservoir management services. In FY13, the company generated revenue of US$1bn and EBIT of US$335m. Reservoir assessment represents 49% of revenue and 44% of EBIT; Production Enhancement 42% of revenue and 46% of EBIT; and Reservoir management 9% of revenue and 10% of EBIT. The company has a number of laboratories to investigate reservoirs and support clients (oil companies) in lengthening the lifetime of an oil field and raising production.
Delegates: David Demshur (CEO); Richard Bergmark (CFO); Chris Hill (IR)
Market cap: EURm 4,759 / USDm 5,397
Broker Analyst: Quirijn Mulder