What Expro does

Expro is a full-cycle energy services company that delivers specialized well construction, well flow management, subsea, well intervention and integrity, production solutions, and wellbore cleanup services to oil and gas operators across more than 60 countries. Founded in 1940 and headquartered in the UK with operational leadership in Houston, the company generated $1.607 billion in revenue in 2025 and serves international oil companies, national oil companies, and independent E&P firms (including BP, Equinor, Total E&P, Petronas, Marathon Oil, and Apache) through long-term framework agreements and project-based engagements, with a $2.5 billion order backlog.

The company's technical moat rests on a portfolio of proprietary, patented technologies — Solus™ (single-valve subsea well access system, the first NACE MR0175 compliant design validated per API Std 17G), Octopoda® (the only system enabling hydraulic intervention into live annuli), CoilHose™ (hybrid wireline/pumping intervention), DFOS (distributed fiber optic sensing), iTONG with iCAM AI (automated tubular handling), and SafeWells® (digital well integrity management) — supplemented by QikView™ data integration software and a Data Analysis Centre. Expro employs over 7,000 staff across 75 nationalities and is expanding into energy transition verticals including geothermal, CCUS, hydrogen, and lithium extraction, with a pending acquisition of Norway-based Enhanced Drilling adding managed pressure drilling capabilities.

Expro monetizes services primarily through negotiated enterprise contracts and long-term framework agreements (e.g., Equinor's NOK 17 billion Norwegian Continental Shelf commitment, a 10-year LNG operations and maintenance contract in Congo, and a 20+ year Gulf of America subsea partnership). Revenue is recognized across the well lifecycle — exploration, development, production, intervention, and decommissioning — with pricing customized to scope, duration, and technical requirements. The company listed on the NYSE under ticker XPRO in 2021 via a SPAC business combination, achieved 2025 Adjusted EBITDA of $353 million (22.0% margin) and Adjusted free cash flow of $127 million, and is pursuing a corporate redomicile from the Netherlands to the Cayman Islands pending June 2026 shareholder approval.

Name

Expro

Legal name

EXPRO HOLDINGS UK 2 LIMITED

Website

https://expro.com

Company type

Public

Founded year

1940

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Expro is a full-cycle energy services company providing patented well construction, subsea, intervention, and production solutions to IOC, NOC, and independent oil and gas operators across 60+ countries, generating $1.607 billion in 2025 revenue.

Ownership category

akta.pro rank

Product category

Oilfield Services

NAICS

Support Activities for Oil and Gas Operations (213112), Oil and Gas Field Machinery and Equipment Manufacturing (333132), Support Activities for Mining (2131)

SIC

Oil & Gas Field Services, Nec (1389), Oil & Gas Field Machinery & Equipment (3533), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

OFS Engineering, Construction & O&M (Field Development, Brownfield, Maintenance) (EUALABAM)

akta.pro secondary industries

Well Intervention & Wireline Services (Slickline, E-line, Coiled Tubing) (EUALABAE), Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL), Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH), OCTG, Line Pipe & Tubular Services (Supply, Inspection, Threading) (EUALABAN)

Keywords

• Oilfield services
• Well construction
• Subsea intervention
• Production optimization
• Well integrity

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Oilfield Services - Well Lifecycle Services: Expro generates revenue through providing comprehensive energy services across the entire well lifecycle including well construction, well flow management, subsea, well intervention and integrity, production solutions, and well decommissioning. Revenue is contract-based with both project-specific and long-term framework agreements. Q1 2026 reported $367.6 million in revenue (down 6% YoY). Full-year 2025 revenue totaled $1.607 billion.
2. Production Solutions and Early Production Facilities: Fast-track, cost-effective early field production and optimization services including LNG pre-treatment facilities, gas compression, and emissions management. Revenue generated through long-term production solutions contracts such as the 10-year operations and maintenance contract for LNG pre-treatment facility in Congo.
3. Subsea Completion and Intervention Services: Multi-year contracts for subsea well access technology including Solus™ deployment and Subsea Landing String Services. Extended partnership in Gulf of America spanning more than two decades with multi-million dollar contract extensions.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels10 records

Core offering

Expro provides full-cycle energy services across the entire oil and gas well lifecycle, delivered through six core product lines: Well Construction (casing and tubular running), Well Flow Management (well testing, multiphase metering, production optimization), Subsea (completion and intervention technology), Well Intervention and Integrity (slickline, e-line, DFOS, integrity surveillance), Production Solutions (early production facilities, LNG pre-treatment, gas compression, emissions management), and Coretrax (wellbore cleanup, reLine WL patches). Services are delivered via direct enterprise contracts and multi-year framework agreements with international and national oil companies, with proprietary technologies (Solus™, CoilHose™, Octopoda®, SafeWells®, iTONG/iCAM AI) embedded in field operations across 60+ countries.

Product overview

Expro is a full-cycle energy services company providing a comprehensive portfolio of well lifecycle services organized into six core product lines: Well Construction, Well Flow Management, Subsea, Well Intervention and Integrity, Production Solutions, and Coretrax. The offering is a services-based platform rather than a unified software product, with each division delivering specialized technologies and expertise across the entire well lifecycle from exploration and appraisal through development, production, brownfield operations, workover and intervention, to well decommissioning. Key proprietary technologies include the Solus™ single valve system for subsea well access, CoilHose™ light well circulation, Octopoda® annulus intervention, DFOS distributed sensing, and the SafeWells® digital integrity management platform. Services span over 60 countries with operations in well testing, flow measurement, subsea completion, intervention, production optimization, and early production facilities.

Differentiator

Problem solved

Functional benefit

Brands

• Coretrax: Innovative wellbore cleanup, integrity, and intervention technologies across the full oil and gas well lifecycle.

Products and services

• Well Construction End-to-end well construction and commissioning services covering casing, tubular running, downhole service tools, and completion technologies to ensure wells are built safely, efficiently, on time, and produce reliably for the long term. Targeted at oil and gas operators requiring integrated drilling and completion support.
• Well Flow Management Flow measurement, reservoir characterization, and production data solutions including well testing, multiphase metering, and production optimization to improve operations and increase financial returns. Includes SONAR clamp-on non-intrusive flow measurement technology and surface well testing packages such as GeoFlow.
• Subsea Industry-leading subsea completion and intervention technology and expertise spanning 35+ years, maximizing safe production throughout the well lifecycle. Includes subsea landing string services, well access solutions, and proprietary technologies such as the Solus™ shear and seal valve system for in-riser completions and plug and abandonment campaigns.
• Well Intervention and Integrity Smarter solutions for accurate well data capture, wellbore integrity, and production optimization, including slickline, e-line, production logging, distributed fiber optic sensing (DFOS) intervention, and well integrity surveillance services. Embeds proprietary technologies such as the Hydra multi-service deployment system, CoilHose™, Octopoda®, and the SafeWells® digital integrity platform.
• Production Solutions Fast-track, cost-effective early field production, optimization, and emissions management solutions including LNG pre-treatment facilities, early production facilities, and gas compression services. Delivered through long-term operations and maintenance contracts (e.g., 10-year LNG pre-treatment O&M in Congo) and projects delivered 30-50% faster than typical EPC schedules.
• Coretrax Innovative wellbore cleanup, integrity, and intervention technologies across the full oil and gas well lifecycle, providing cased hole slickline services and reLine WL patches. Operates as a sub-brand of Expro focused on wellbore cleanup and remediation.

Quantifiable outcome

• 40-50% reduction in tubular makeup times with iTONG/iCAM AI system, delivering approximately $200,000 cost savings per well
• +7 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Enhanced DrillingcoreTechnology or Integration · 8 June 2026Expro announced a definitive agreement to acquire Enhanced Drilling, a technology leader in managed pressure drilling (MPD). The acquisition will create a growth platform that expands Expro's drilling and completion capabilities throughout the well lifecycle, adding transformational managed pressure drilling technologies to the portfolio.
• EquinorcoreStrategic or Co-development Partner · 4 May 2026Expro is among specialist service providers on Equinor's framework agreements for drilling and well services on the Norwegian Continental Shelf. Equinor committed approximately NOK 17 billion ($1.83 billion) to sustain production levels, exercising one-year options under integrated drilling contracts valued at NOK 8.3 billion and two-year options across 18 corporate framework agreements valued at approximately NOK 4.3 billion annually. The agreements employ around 2,500 people and are expected to see new wells account for approximately 70% of Equinor's production by 2035.
• VERCANA GmbHcoreStrategic or Co-development Partner · 24 March 2026Expro partnered with VERCANA GmbH to deliver geothermal well testing services for the Lionheart Project in Germany. Expro will support the first Schleidberg well with its GeoFlow Surface Well Testing package for reservoir analysis, fluid assessment, and geothermal and lithium development. The project aims to develop geothermal energy and lithium extraction in Europe's largest geothermal and lithium cluster, supporting Europe's energy transition.
• Vulcan Energy Resources GmbHcoreStrategic or Co-development Partner · 24 March 2026Vulcan Energy Resources GmbH is the operator of the Lionheart geothermal and lithium project designated under the EU's Critical Raw Materials Act. Expro provides well testing services supporting the project which is among Europe's largest geothermal and lithium initiatives, enabling sustainable heat supply and lithium extraction for Europe's energy transition.
• BPcoreStrategic or Co-development Partner · 8 October 2025Expro delivered TRS (Tubular Running Services) Optimization services for BP in the Caspian Sea, introducing six new casing and completions technologies that resulted in 92.56 total man-hours of Red Zone risk reduction and 12.7 total hours of rig time savings. This demonstrates Expro's ability to bring new technology to challenging offshore environments.
• OilDynamicsminorStrategic or Co-development Partner · 1 July 2024Expro partnered with OilDynamics to deliver well testing services for low enthalpy geothermal projects in Eastern Europe. The partnership combined Expro's well testing expertise with OilDynamics' capabilities to provide integrated services including Tubular Running Services for ESP installation and supporting reservoir engineering design and analysis.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• SLB (Schlumberger): SLB is the largest global oilfield services company, offering a full suite of well construction, intervention, subsea, and digital services that directly overlap with Expro's full-cycle portfolio. It competes with Expro across most of the well lifecycle and has far greater scale and bundling power.
• Halliburton: Halliburton is a top-tier global oilfield services incumbent with deep capabilities in drilling, completions, well intervention, and production optimization. Its Drilling and Evaluation and Completion and Production segments overlap with Expro's core service lines and compete for the same IOC/NOC contracts.
• Baker Hughes: Baker Hughes operates an integrated oilfield services and industrial energy technology business, with Oilfield Services & Equipment directly competing against Expro in drilling, completions, intervention, and subsea wellhead systems across global basins.

Direct peers

• Weatherford International: Weatherford is a focused oilfield services peer offering drilling, evaluation, completions, and intervention services. Its well construction, intervention, and production portfolios overlap tightly with Expro's Well Construction, Well Intervention and Integrity, and Production Solutions lines.
• TechnipFMC: TechnipFMC is a leading provider of subsea production systems, drilling equipment, and well intervention services. Its Subsea segment competes directly with Expro's Subsea business, including well access, landing strings, and intervention tooling for offshore operators.
• Oceaneering International: Oceaneering provides subsea engineering, intervention tooling, and well intervention services to offshore oil and gas operators, competing directly with Expro in subsea well access, ROV-deployed interventions, and offshore production support.
• TETRA Technologies: TETRA Technologies provides completion fluids, water management, and production testing services, with overlap to Expro's well construction and well flow management offerings, particularly in North American and offshore basins.
• ChampionX: ChampionX is an oilfield production chemistry, artificial lift, and digital technology provider. It overlaps with Expro's production optimization, artificial lift, and intervention offerings, serving the same E&P customers with adjacent completion and production technologies.
• Core Laboratories: Core Laboratories specializes in reservoir description, production enhancement, and wellbore intervention diagnostics. It competes with Expro's Well Flow Management and Well Intervention product lines, particularly in reservoir analysis and production optimization.

Regional players

• Aker Solutions: Aker Solutions provides subsea production systems, intervention tooling, and offshore field services with strong exposure to Norwegian Continental Shelf operators. It is a relevant regional peer given Expro's Equinor framework agreement and the MPD acquisition of Norway-based Enhanced Drilling.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/ExproGroup
• YouTubeyoutube.com/user/ExproGroup1
• Facebookfacebook.com/exprogroup
• LinkedInlinkedin.com/company/expro

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Expro