Coredax

Coredax Evaluation Technologies Inc. operates within the global petroleum industry, providing specialized formation evaluation solutions. The company's core offering is its proprietary and patented Logging While Tripping (LWT) technology, designed to acquire open-hole logging data. This method is positioned as a cost-effective and efficient alternative to traditional logging techniques, as it gathers data during the normal process of tripping a pipe, which reduces extra rig time and associated risks.

The company's history dates back to 2003 with the acquisition and development of the LWT patent. After officially commercializing in Canada in 2011, Coredax expanded into the USA in 2013 and later to Australia and Indonesia in 2014. A significant milestone was the purchase of Datalog in May 2016. The company has continued its international expansion into the Middle East and Latin America in subsequent years. Coredax has successfully completed over 2,500 LWT logging jobs as of 2024.

Coredax serves a range of clients in the upstream oil and gas sector, including roles in geosciences, drilling, completions, and asset management. The business generates revenue by providing these technology-driven services. The LWT system is applicable in various well types, including vertical, deviated, and horizontal wells. In addition to the LWT service, the company offers software interpretation products such as Zone Grader and Zone Tuner, which assist clients in analyzing the collected data to optimize completion programs and enhance the producibility of their wells.

Keywords: formation evaluation, logging while tripping, LWT, petroleum industry, oil and gas technology, open-hole logging, well producibility, petrophysical interpretation, drilling operations, completion optimization, reservoir analysis, well logging, energy services, subsurface data, Zone Grader, Zone Tuner, Datalog, upstream oil and gas, well data acquisition, reservoir characterization