Core Laboratories : Lab Presentation - Cowen and Company 9th Annual Energy Conference - December 14, 2019

9th Annual

Energy Conference

December 9, 2019

New York, NY

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9th Annual

Energy Conference

December 9, 2019

New York, NY

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Presentation Walk-away Points:

• The Decline Curve Will Always Win

• Core's Differentiating Technologies

• Core's Industry Leading Shareholder

Returns

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Primary Business Drivers

1. Reservoir Description:

Laboratory-based Services with International & Oil Focus

2. Production Enhancement:

Products and Services for Wellbore Completions -2/3 U.S. & 1/3 International

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Our services and products focus on maximizing incremental daily production rates and ultimate recovery rates to maximize our clients' return on their investments.

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Core Lab targets the more stable, less volatile, production and production enhancement component of the oil companies' capital and operating budgets.

Clients are the IOC's, NOC's and technologically advanced independents.

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The Decline Curve

Core Lab provides services through its two operating segments at points all along the decline curve:

• Reservoir Description
• Production Enhancement

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The Company has over 70 offices in more than 50 countries and is located in every major oil-producing province in the world.

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Leaders in rock property analysis from the traditional perspective to the most advanced in the world.

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Fluids analyses range from traditional methods used to derive the basic characteristics of fluid, to the more advance fluids testing using our Sanchez Cell (shown here), to perform enhanced oil recovery ("EOR") tests at reservoir temperatures and pressure conditions.

Further more…

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…providing data sets to help our clients determine expected incremental recovery from an EOR project and gain greater ultimate recovery from a conventional reservoir of more than 40%

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Today, using technology Core Lab designed and engineered specially for tight rock reservoirs, Core Lab is conducting experiments to create data sets to conduct unconventional EOR.

On average, unconventional reservoirs currently

yield a recovery factor of approximately 9%...

Light hydrocarbon gas injections, cycling, and absorption efficiencies have yielded recoveries of up to 15% on average in our laboratory.

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Using Core Lab's proprietary internally designed and engineered for tight rock, High Frequency Nuclear Magnetic Resonance - "NMR" (shown here), we distinguish between moveable and immoveable hydrocarbon in the reservoir.

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By using the natural fracture network and the additional fractures as a result of the client's hydraulic stimulation program, the injected combination of gases change the crude oil's chemical composition, resulting in incremental recovery.

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These techniques are scientifically different from those used in conventional EOR.

Under reservoir conditions, using Core Lab's Pressure Volume Temperature ("PVT") and NMR technology, Core Lab can determine the ideal gas combination for gas injection, cycling and adsorption for unconventional EOR.

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Shown here, NMR technology illustrates the before and after results of unconventional EOR testing in the lab.

The "after" results in Region 1 shows some solid hydrocarbon becomes mobile oil and Region 2 shows more movable oil could be produced as a result of the unconventional EOR.

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Repeated gas injection cycles increased the hydrocarbon output from core samples in laboratory testing.

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Core Lab completion products technology is designed to minimize formation damage and maximize incremental recovery…

The following is recent completion product technology aimed at enhancing production from unconventional reservoirs.

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Core has introduced the Guardian Ballistics Delivery System (BDS)TM.

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As part of the integration, Core began the introduction of the new preassembled GoGunTM Adaptive Perforating System in the fourth quarter of 2018.

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Guardian's best-in-class patented addressable Select Fire Switch (SFS)TM technology with Core's proprietary energetics into a prewired, integrated perforating system.

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Introducing the HERO® PerFRAC perforating system, which is designed to provide consistent hole sizes throughout the perforating cluster, thereby maximizing frac efficiency and increasing stimulated reservoir volume ("SRV").

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Core Lab's wellbore diagnostics provide the client a bird's eye view of their field post unconventional EOR.

Our diagnostics show the production source and contribution by stage enabling the client to maximize their incremental recovery results and apply learning to future unconventional recovery.

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Growth Strategies

In-house design and engineering of new and enhanced reservoir optimizing technology enabling higher incremental and ultimate recovery rates.

We strive to offer our clients these technologies throughout our existing international platform.

We acquire complementary and strategically- positioned technologies.

These three growth strategies have been essential ingredients to our improving performance.

This presentation may include forward-looking statements which should be reviewed in conjunction with

important cautionary factors contained in our 2017 10-K security filings.

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Cowen 9th Annual Energy Conference

New York

December 9, 2019

Notes Page

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Cowen 9th Annual Energy Conference

New York

December 9, 2019

Notes Page

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Cowen 9th Annual Energy Conference

New York

December 9, 2019

Notes Page

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