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Re: DewDiligence post# 16431

Sunday, 04/08/2018 10:50:54 PM

Sunday, April 08, 2018 10:50:54 PM

Post# of 29193
CLB's operation is bigger, more systematized than several of their competitors, and has history with their clientele that the clients are loathe to break. They dont serve fancy food but it's consistent. In the oil industry, getting the right answer isnt necessarily the preferred outcome. The clients want consistency so they can compare things on a relative basis. If the service company has procedures that are highly human dependent or they change their procedures, then that can cause problems. SLB used to serve the high end but tried to compete with CLB by introducing very systematic procedures in their labs and dropping the expert advising services but they dont have the breadth and history that CLB has. The SLB reports you get now are computer generated with zero interpretation that are specific to the case and the lab personnel have what i consider to be very modest scientific credentials. Weatherford had a long history with many clients but i think their financial problems broke that back. CHK is still trying to get into the core and fluid analysis business and they built a lab facility that would be the envy of any institution but they dont have the personnel or history to do anything with it.

fluid analytical labs are a dime a dozen so things like flow and rock property analysis are what make the difference (in addition to the history aspect).

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