The Group's principal activity is to manufacture and distribute products and services to the oil and gas exploration and production industry. The Group operates in three segments: M-I SWACO, Smith Oilfield and Distribution. The M-I SWACO segment consists of a majority-owned drilling fluid and environmental services joint venture operation. The Smith Oilfield is comprised of our wholly-owned drilling and completion services operations, which includes drill bits, directional drilling services and downhole tools. The Distribution consists of the Wilson distribution operations and a majority-owned interest in CE Franklin Ltd., a publicly-traded Canadian distribution company. It operates in United States, Canada, Non-North America.
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