We provide a wide variety of services and products to the energy industry.
We serve major, national and independent oil and natural gas exploration and
production companies around the world and we offer products and services with
respect to the various phases of a well’s economic life cycle. We report
our operating results in four business segments: Drilling Products and Services;
Onshore Completion and Workover Services; Production Services; and Technical
Solutions. Given our long-term strategy of geographic expansion, we also provide
supplemental segment revenue information in three geographic areas: U.S. land;
Gulf of Mexico; and International.
We offer a wide variety of specialized oilfield services and equipment generally
categorized by their typical use during the economic life of a well. A description
of the products and services offered by each of our four segments is as follows:
Drilling Products and Services – Includes downhole drilling tools and
surface rentals.
Downhole drilling tools – Includes rentals of tubulars, such as primary
drill pipe strings, landing strings, completion tubulars and associated accessories,
and manufacturing and rentals of bottom hole tools, including stabilizers, non-magnetic
drill collars and hole openers.
Surface rentals – Includes rentals of temporary onshore and offshore
accommodation modules and accessories.
Onshore Completion and Workover Services – Includes pressure pumping,
fluid handling and workover and maintenance services.
Pressure pumping – Includes hydraulic fracturing and high pressure pumping
services used to complete and stimulate production in new oil and gas wells.
Fluid management – Includes services used to obtain, move, store and
dispose of fluids that are involved in the exploration, development and production
of oil and gas, including specialized trucks, fracturing tanks and other assets
that transport, heat, pump and dispose of fluids.
Workover services – Includes a variety of well completion, workover and
maintenance services, including installations, completions, sidetracking of
wells and support for perforating operations.
Production Services – Includes intervention services.
Intervention services – Includes services to enhance, maintain and extend
oil and gas production during the life of the well, including coiled tubing,
cased hole and mechanical wireline, hydraulic workover and snubbing, production
testing and optimization, and remedial pumping services (cementing and stimulation
services).
Technical Solutions – Includes products and services that generally address
customer-specific needs with their applications, which typically require specialized
engineering, manufacturing or project planning expertise. Most operations requiring
our technical solutions are generally in offshore environments during the completion,
production and decommissioning phase of an oil and gas well. These products
and services primarily include well containment systems, completion tools and
services and end-of-life services.
Well containment systems – Resolves well control and pressure control
problems through firefighting, engineering and well control training.
Completion tools and services – Provides products and services used during
the completion phase of an offshore well to control sand and maximize oil and
gas production, including sand control systems, well screens and filters, and
surface-controlled sub surface safety valves.
End-of-life services – Provides offshore well decommissioning services,
including plugging and abandoning wells at the end of their economic life and
dismantling and removing associated infrastructure.
%
6.41%