Premier Oilfield Laboratories Announces Acquisition of Corex UK Ltd

COREX CEO Steve Anthony

Premier Oilfield Laboratories of Houston has acquired Aberdeen based COREX UK Ltd.

Established over 40 years ago, COREX is an international provider of analytical services for the oil and gas industry, helping to improve hydrocarbon recovery while mitigating risk for E&P operators.

Earlier this year, COREX received a leading UK award for innovation and was ranked first among oil and gas sector companies in the UK’s Intellectual Property (“IP”) League Table, IP100.

COREX CEO, Steve Anthony said, “COREX and our clients have always been keen for us to bring our formation damage and EOR laboratory testing services to North America and the acquisition by Premier will allow us to establish these key services quickly while integrating with a great technical team at Premier. Additionally, both companies will benefit from Premier’s experience in the unconventional laboratory testing market which is rapidly expanding in COREX’s major geographies.”

POL will contribute industry leading competency to the combined company through high-resolution reservoir characterization and completion optimization for unconventional reservoirs. POL is working with customers in the unconventional plays throughout the United States and will now be able to deliver this expertise to the international market.

POL CEO Steve Cobb stated, “The COREX acquisition enables us to globalize our customer base with expanded international territories, products and services. COREX has a long tradition of providing quality laboratory testing in conventional reservoirs and POL’s enhanced workflows ranging from single well to field developments will give COREX the ability to offer a more comprehensive solution worldwide.”