Expro Group Holdings N.V. (Expro) is a global provider of energy services with operations in over 50 countries.
The company provides services and solutions to leading exploration and production companies in both onshore and offshore environments in over 50 countries. Its extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions.
Business Segments
The company's operations consist of four operating segmen...
Expro Group Holdings N.V. (Expro) is a global provider of energy services with operations in over 50 countries.
The company provides services and solutions to leading exploration and production companies in both onshore and offshore environments in over 50 countries. Its extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions.
Business Segments
The company's operations consist of four operating segments, which also represent its reporting segments and are aligned with its geographic regions as follows: North and Latin America (‘NLA’), Europe and Sub-Saharan Africa (‘ESSA’), Middle East and North Africa (‘MENA’), and Asia-Pacific (‘APAC’).
The company's broad portfolio of products and services includes:
Well Construction
The company's well construction products and services support customers’ new wellbore drilling, wellbore completion and recompletion, and wellbore plug and abandonment requirements. It offers advanced technology solutions in tubular running services, tubular products, cementing, drilling, and wellbore cleanup. With a focus on innovation, it is continuing to advance the way wells are constructed by optimizing process efficiency on the rig floor, developing new methods to handle and install tubulars, and mitigating well integrity risks. The company is a market leader in deepwater tubular running services and solutions. In recent years, the company has added a range of lower-risk, open water cementing solutions, including the proprietary SeaCure and QuikCure solutions. The company also offers a range of performance drilling tools designed to mitigate risk and optimize drilling efficiency, including proprietary downhole circulation tools and hydraulic pipe recovery systems.
Well Management
The company's well management offerings consist of well flow management, subsea well access, and well intervention and integrity services.
Well Flow Management: The company gathers valuable well and reservoir data, with a particular focus on well-site safety and environmental impact. The company provides global, comprehensive well flow management systems for the safe production, measurement, and sampling of hydrocarbons from a well, including well testing during the exploration and appraisal phase of a new field; flowback and clean-up of a new well prior to production; and in-line testing of a well during its production life. It also provides early production facilities to accelerate production; production enhancement packages to enhance reservoir recovery rates through the realization of production that was previously locked within the reservoir; and metering and other well surveillance technologies to monitor and measure flow and other characteristics of wells.
Subsea Well Access: With nearly 50 years of experience providing a wide range of fit-for-purpose subsea well access solutions, the company's technology aims to provide safe well access and optimized production throughout the lifecycle of the well. The company provides the most reliable and efficient subsea well access systems for exploration and appraisal, development, intervention, and abandonment, including an extensive portfolio of standard and bespoke Subsea Test Tree Assemblies (‘STTA’) and a range of motion-compensating and other surface handling equipment. The company also provides services and solutions utilizing a rig-deployed Intervention Riser System (‘IRS’) owned by a third party and has capabilities for vessel-deployed light well intervention services. In addition, it provides systems integration and project management services.
Well Intervention and Integrity: The company provides well intervention solutions to acquire and interpret well data, maintain and restore wellbore integrity, and improve production. In addition to its extensive fleet of mechanical and cased hole wireline units, it has recently introduced and acquired a number of well intervention services, including CoilHose, a lightweight, small-footprint solution for wellbore lifting, cleaning, and chemical treatments; Octopoda, for fluid treatments in wellbore annuli; Galea, an autonomous well intervention solution; and expandable casing patches designed to repair damaged production casing or isolate existing perforations prior to refracturing a well (a so-called ‘patch and perf’). The company also possesses several other distinct technical capabilities, including non-intrusive metering technologies and wireless telemetry systems for reservoir monitoring.
Strategy
The company's strategy is designed to leverage existing capabilities and position Expro as a solutions provider with a technologically differentiated offering.
Customers
The company derives its revenue from services and product sales to customers primarily in the oil and gas industry. One customer accounted for approximately 10.5% of its revenue in the year ended December 31, 2024.
Governmental Regulations
The company is subject to several federal and state laws and regulations, including the Occupational Safety and Health Act, analogous state statutes, and regulations implementing the same, establishing requirements aimed at protecting the health and safety of workers. In addition, the U.S. Occupational Safety and Health Administration hazard communication standard, the EPA community right-to-know regulations under Title III of the federal Superfund Amendment and Reauthorization Act, and comparable state statutes require that information be maintained concerning hazardous materials used or produced in the company's operations and that this information be provided to employees, state and local government authorities, and the public.
Research and Development
The company incurred $17.2 million of research and development costs for the year ended December 31, 2024.
History
Expro Group Holdings N.V. was founded in 1938.