Expro

Type| Publicly held company

Traded as

| NYSE: XPRO
Industry| Energy
Founded| 1938; 88 years ago (1938)
Headquarters| Houston, Texas

Key people

| Michael Jardon
(Chief executive officer)
Products| Well Construction, Well Flow Management, Subsea Well Access and Well Intervention and Integrity
Revenue| US$1.4 billion (2022)

Number of employees

| >6,500
Website| expro.com

Expro is an energy services provider headquartered in Houston, Texas, United States.

## Contents

* 1 History
* 1.1 Takeover
* 2 References
* 3 External links

## History

The company was founded by J. Trewhella, J. Ross and H. Green in 1973 at Great Yarmouth as Exploration & Production Services (North Sea) 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.[1]

### Takeover

In May 2008, Halliburton made a £1.7 billion takeover of the business,[2] while a competing bid worth £1.8bn was made the following month by Umbrellastream, a Candover-led consortium also comprising Goldman Sachs and Alpinvest.[3][4] 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.[5] The acquisition of Expro by Umbrellastream was completed in July 2008.[6]

In 2017, the company filed for Chapter 11 bankruptcy protection.[7]

In March 2021 Expro announced a merger with Frank's International.[8] The merger was completed in October 2021 and began trading under NYSE:XPRO.[9]

## References

1. ↑ "Expro International Group acquires PowerWell Services". August 7, 2006. https://www.offshore-mag.com/business-briefs/article/16791584/expro-international-group-aquires-powerwell-services.
2. ↑ Lalor, Dan (May 23, 2008). "Halliburton offers 1.7 bln pounds for Expro". London. https://uk.reuters.com/article/expro-halliburton-idUKL2348413120080523.
3. ↑ "Court clears Expro sale to Candover-led group". https://www.ft.com/content/33324a48-43d6-11dd-842e-0000779fd2ac.
4. ↑ "PRESS DIGEST - Financial Times - June 27". June 26, 2008. https://www.reuters.com/article/press-digest-financial-times-june-27/press-digest-financial-times-june-27-idUSL2741480620080627.
5. ↑ Ross Sorkin, Andrew (27 June 2008). "Judge Rejects Hedge Funds' Attempts to Block Candover-Expro Deal". The New York Times. http://dealbook.blogs.nytimes.com/2008/06/27/judge-rejects-hedge-funds-attempts-to-block-candover-expro-deal/.
6. ↑ "Expro International Group PLC (UK): Scheme of Arrangement – Update". FTSE Group. 26 June 2008. http://www.ftse.com/tech_notices/2008/Q2/19729_20080626_Expro_International_update.jsp.
7. ↑ "Goldman and KKR-Owned Oil & Gas Firm Files for U.S. Bankruptcy" (in en). 2017-12-19. https://news.bloomberglaw.com/bankruptcy-law/goldman-and-kkr-owned-oil-gas-firm-files-for-us-bankruptcy?context=search&index=17.
8. ↑ "Expro and Frank's to Combine to Create a Leading Full-Cycle Service Provider" (in en). 11 March 2021. https://www.expro.com/news/expro-and-franks-to-combine-to-create-a-leading-full-cycle-service-provider.
9. ↑ "Expro and Frank's Complete Merger, Creating a New Full-Cycle Energy Services Leader" (in en). 2021-10-01. https://www.businesswire.com/news/home/20211001005603/en/Expro-and-Frank’s-Complete-Merger-Creating-a-New-Full-Cycle-Energy-Services-Leader.

## External links

* Official website

* v
* t
* e

Energy in the United Kingdom

Companies

| Coal|

* Anglo American
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|

Oil and gas|

| Integrated|

* BP
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|

Exploration and
production|

* Afren
* BHP
* Cairn Energy
* Centrica
* Dana Petroleum
* Desire Petroleum
* Emerald Energy
* EnQuest
* Essar Energy
* Hardy Oil and Gas
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* Melrose Resources
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* Premier Oil
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* Rockhopper Exploration
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Supply|

* Greenergy
* Murco Petroleum

Support|

* Abbot Group
* Amec Foster Wheeler
* Expro
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* Score Group
* Valaris plc
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Utilities|

| Integrated|

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|

Generation and
supply|

| Generation|

* Drax Group
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|

Supply|

* Bristol Energy
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Distribution|

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|

Gas|

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Transmission|

| Electricity|

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|

Gas|

* National Grid

Other|

* Aggreko
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Companies with headquarters and/or registered office in the UK but no applicable energy operations within the country shown in italics 1Ultimate parent company is not UK-based 2Integrated in the United States, no generation or supply activities in the UK

Energy sources

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|

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Renewables|

| Biofuels|

* Biodiesel
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* National Non-Food Crops Centre
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|

Geothermal|

* Geothermal power stations

Hydroelectricity|

* Hydroelectric power stations
* Severn Barrage
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Solar power|

Wind power|

* List of offshore wind farms
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Government and regulation

| Organisations|

* Carbon Trust
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|

Legislation and
initiatives|

* Carbon Emission Reduction Target
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Non-governmental organisations

| Charities and
pressure groups|

* Ashden Award
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|

Industry bodies|

* Combined Heat and Power Association
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Research|

* Centre for Renewable Energy Systems Technology
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