News

Coretrax, a global leader in well integrity and production optimisation, has strengthened its Eastern Hemisphere leadership team with a trio of appointments to support business strategic growth in the region.

Expro (NYSE: XPRO), a leading provider of energy services, today announced it has completed its previously announced acquisition of offshore services provider PRT Offshore.PRT Offshore is based in Houston, Texas, and is the only company to provide a complete Hook-to-Hanger™ solution enabling comprehensive well completions, interventions, and decommissioning services from surface to subsea. Its unique system is designed to allow customers to access the wellbore safely and efficiently, all while reducing personnel on board.

Expro (NYSE: XPRO), a leading provider of energy services, today announced it had entered into a definitive agreement (subject to customary closing conditions and working capital adjustments) to acquire offshore services provider, PRT Offshore.Total consideration to be paid at closing is approximately $106 million, including $62 million of cash and $44 million of newly issued Expro shares. Potential additional consideration will be based on PRT Offshore’s financial performance during the four quarters following closing

Coretrax, the global well integrity and production optimisation leader, is planning for further growth following recent project wins with headcount rising by 20% to 300 people in the last twelve months.

Expro (NYSE: XPRO) has secured a contract with a major operator for the first deployment of its unique and industry-leading single shear and seal high-debris 15K ball valve assembly.The multi-functional single shear and seal mechanism will form part of a full subsea deepwater completion/intervention system being designed by Expro for a long-standing and valued customer for a deepwater subsea field at about 6,600ft (2,000 m) in the Gulf of Mexico.

Innovative carbon-reduction solution will support frontier field development

Energy services provider Expro (NYSE: XPRO) has secured a new contract with Harbour Energy for a well abandonment campaign as part of the decommissioning project for the Balmoral area, in the UK Continental Shelf.The multi-year contract, valued at more than $20 million, will utilize Expro’s Subsea Well Access technology with a combination of open-water and in-riser applications deployed from a semi-submersible rig.