Pason Systems Profile
Pason Systems Inc. provides instrumentation and data management systems for drilling rigs.
The company provides technologies and services that improve the effectiveness, efficiency, and safety of drilling operations in challenging operating environments worldwide. Its rig-tough technologies enable collaboration between the field and the office. The company’s products and services include specialized data management systems provided on a rental basis. It has local presence in Argentina, Australia, Brazil, Colombia, Dubai, Ecuador, Mexico, Peru, and Saudi Arabia. The company operates in three geographic segments: Canada, the United States, and International (Latin America, Offshore, the Eastern Hemisphere, and the Middle East).
Customers
The company’s customer base consists of both operators and contractors.
Seasonality
Drilling activity in Canada is seasonal due to weather that limits access to leases in the spring and summer, making the first and last quarters of each year (year ended December 31, 2019) the peak level of demand for the company’s services due to the higher level of drilling activity.
History
Pason Systems Inc. was founded in 1978.
