News

Expro today announced it had entered into a definitive agreement (subject to customary closing conditions and working capital adjustments) to acquire Coretrax, a technology leader in performance drilling tools and wellbore cleanup, well integrity and production optimization solutions, from an investment group led by Buckthorn Partners.

Expro has secured a new Carbon Capture Utilization and Storage (CCUS) contract with INPEX Corporation for the Kashiwazaki Clean Hydrogen/Ammonia project which is Japan’s first clean hydrogen production demonstration project.

Coretrax, a global leader in oil and gas well integrity and production optimisation, is set for further growth with five multi-year contract wins secured for 2024 and plans to grow its footprint in Asia Pacific by a further 30% this year.

Coretrax, a global leader in oil and gas well integrity and production optimisation, has strengthened its well intervention capabilities after acquiring a complementary suite of technology from Wireline Drilling Technologies.

HOUSTON – JANUARY 3 2023 – Leading energy services provider Expro (NYSE: XPRO) is celebrating 40 years of successfully leading the way in the subsea sector since the launch of its first subsea test tree system in the North Sea in 1983.

Coretrax, a global leader in oil and gas well integrity and production optimisation, has appointed Colin Graham as the company’s first sales and operations manager for Africa as it plans for further growth in the region.

Expro has renewed and expanded a strategic partnership agreement with Di Drill Survey Services Inc., a leading provider of high-end HPHT logging, Gyro survey services, and magnetic ranging for complex abandonment services to the oil & gas and geothermal sectors, based in Bakersfield, California.

Expro has been named Intervention Champion of The Year at the OWI Global Awards 2023. The company also won Energy Transition Pioneer of The Year for its commitment to sustainable energy solutions.

The oil and gas sector is constantly changing, and this is particularly evident in recent years with the energy transition continuing to gather speed.