Oil States International, Inc., through its subsidiaries, is a leading provider
of specialty products and services to oil and natural gas related companies
throughout the world. We are a technology-focused, pure-play energy services
company operating in some of the worlds most active oil and natural gas producing
regions, including onshore and offshore United States, Canada, West Africa,
the Middle East, the North Sea, South America and Southeast and Central Asia.
Our customers include many national oil and natural gas companies, major and
independent oil and natural gas companies, onshore and offshore drilling companies
and other oilfield service companies. We operate through two business segments
– Offshore Products and Well Site Services – and have established
a leadership position in certain of our product or service offerings in each
segment.
We have historically grown our product and service offerings organically, through
capital spending, and also through strategic acquisitions. Our investments are
focused in growth areas and on areas where we expect to be able to expand market
share and where we believe we can achieve an attractive return on our investment.
As part of our long-term strategy, we continue to review complementary acquisitions
as well as make organic capital expenditures to enhance our cash flows and increase
our stockholders’ returns.
Through this segment, we provide highly-engineered products and services for
offshore oil and natural gas production systems and facilities, as well as certain
products and services to the offshore and land-based drilling and completion
markets. Our products and services used primarily in deepwater producing regions
include our FlexJoint® technology, advanced connector systems, high-pressure
riser systems, compact valves, deepwater mooring systems, cranes, subsea pipeline
products, blow-out preventer stack integration, specialty welding, fabrication,
cladding and machining services, offshore installation services and inspection
and repair services. In addition, we design, manufacture and market numerous
shorter-cycle products and services used in land and offshore drilling and completion
activities and by non-oil and gas customers, including consumable downhole elastomer
products utilized in onshore completion activities, valves and sound and vibration
dampening products. We have facilities that support our Offshore Products segment
in Arlington, Houston and Lampasas, Texas; Houma, Louisiana; Oklahoma City and
Tulsa, Oklahoma; the United Kingdom; Brazil; Singapore; Thailand; Vietnam; and
India.
The market for Offshore Products centers primarily on the development of infrastructure
for offshore production facilities and their subsequent operations, exploration
and drilling activities as well as new rig and vessel construction, refurbishments
or upgrades. Demand for oil and natural gas and related drilling and production
in offshore areas throughout the world, particularly in deeper water, drive
spending for these activities. Sales of our products and services to land-based
drilling and completion markets is driven by the level and complexity of drilling,
completion and workover activity, particularly in North America.
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