Expro Group

#3936

Rank

$1.93B

MarketCap US

US United States

Country

Summary
Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity services. It serves exploration and production companies in onshore and offshore environments in approximately 60 countries with approximately 100 locations. The company was founded in 1938 and is based in Houston, Texas.

History

The company was founded by J. Trewhella, J. Ross and H. Green in 1973 at Great Yarmouth as Exploration & Production Services Ltd with the objective of carrying out well testing in the North Sea. In 1986, about 84% of the company was acquired by Flextech from whom the management subsequently bought out the business in 1992. The company was first listed on the London Stock Exchange in 1994. In 2006, it acquired PowerWell Services, another leading well management concern, for $674.5 million.

Takeover

In May 2008, Halliburton made a £1.7 billion takeover of the business, while a competing bid worth £1.8bn was made the following month by Umbrellastream, a Candover-led consortium also comprising Goldman Sachs and Alpinvest. An improved bid from Halliburton was then rejected by the Expro board, a position backed by the High Court after an appeal lodged by a group of activist shareholders. The acquisition of Expro by Umbrellastream was completed in July 2008.In March 2021 Expro announced a merger with Frank's International. The merger was completed in October 2021 and began trading under NYSE:XPRO.


Mission
To become the industry leader in driving exceptional value out of every drop of oil and gas from both the producing and operating levels.

Vision
To manage and maximize the value of every drop of oil or gas touched by Expro throughout the exploration and production chain.

Key Team

Mr. Steven J. Russell (Chief Technology Officer)

Mr. Lewis John W. McAlister (Group Gen. Counsel & Sec.)

Mr. Michael Bentham (VP of Fin. & Principal Accounting Officer)

Ms. Karen David-Green (Chief Communications, Stakeholder & Sustainability Officer)

Hannah Rumbles (Global Marketing and Communications Mang.)

Ms. Natalie Questell (Sr. VP of HR)

Mr. Gary Belcher (Pres of Testing & Production)


Recognition and Awards
Expro Group has been recognized with a variety of awards over the years. These awards include the UK National Award for Environmental Excellence, the BP Horizon Award for Safety and Environment, and the Pipeline Sponsor of the Year Award from the International Association of Oil & Gas Producers.

References
Expro Group
Leadership team

Mr. Michael Jardon (Pres, CEO & Exec. Director)

Mr. Quinn P. Fanning (Chief Financial Officer)

Mr. Alistair Geddes (Chief Operating Officer)

Products/ Services
Energy, Natural Resources, Oil and Gas
Number of Employees
1,000 - 20,000
Headquarters
Alderson, Oklahoma, United States
Established
1973
Company Registration
SEC CIK number: 0001575828
Revenue
Above - 1B
Traded as
XPRO
Social Media
Mon Feb 26 2024
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