Expro Group Holdings N.V. Company Profile

Background

Expro Group Holdings N.V. (Expro) is a global energy services provider headquartered in Houston, Texas. Established in 1938, the company specializes in delivering innovative solutions across the entire well lifecycle, including well construction, well flow management, subsea well access, and well intervention and integrity services. Expro's mission is to enable clients to make timely and informed decisions by leveraging data and digital transformation, thereby addressing critical energy challenges and engineering future solutions.

Key Strategic Focus

Expro's strategic focus encompasses:

Well Construction: Providing advanced drilling technologies, tubular running services, and cementing solutions to ensure efficient and safe well construction.

Well Flow Management: Offering services such as well testing, metering, and fluids sampling to optimize production and reservoir performance.

Subsea Well Access: Delivering market-leading technologies for safe and efficient subsea well access, including subsea test tree assemblies (SSTTAs).

Well Intervention and Integrity: Providing innovative solutions for well intervention, integrity management, and production optimization.

The company targets both onshore and offshore markets globally, with a significant presence in regions such as North America, Europe, Sub-Saharan Africa, the Middle East, and Asia-Pacific.

Financials and Funding

As of the fiscal year ending December 31, 2024, Expro reported:

Revenue: $1.51 billion

Net Income: -$23.36 million

Market Capitalization: $1.6 billion (as of October 29, 2024)

The company operates with a global workforce of approximately 8,000 employees.

Technological Platform and Innovation

Expro distinguishes itself through proprietary technologies and innovative methodologies, including:

Subsea Test Tree Assemblies (SSTTAs): With over 40 years of operation and more than 3,000 subsea deployments, Expro has established a strong reputation in subsea well access.

Digital Transformation: The company emphasizes data-driven decision-making, integrating digital technologies to enhance operational efficiency and service delivery.

Leadership Team

Expro's executive leadership includes:

Michael Jardon: Chief Executive Officer

Quinn Fanning: Chief Financial Officer

Alistair Geddes: Chief Operating Officer

Steve Russell: Chief Technology Officer

These leaders bring extensive experience in the energy sector, guiding Expro's strategic initiatives and operational excellence.

Competitor Profile

Market Insights and Dynamics:

The global oilfield services market is highly competitive, with a projected compound annual growth rate (CAGR) of approximately 6.5% from 2023 to 2028. This growth is driven by increasing energy demand and technological advancements.

Competitor Analysis:

Expro faces competition from several key players:

Schlumberger Limited: A leading oilfield services company offering a comprehensive range of services, including drilling, production, and reservoir management.

Halliburton Company: Provides services related to exploration, production, and well completion, with a global reach and diverse service offerings.

Baker Hughes Company: Specializes in oilfield services and equipment, focusing on enhancing productivity and sustainability for its clients.

Weatherford International plc: Offers a range of oilfield services, including drilling, evaluation, and completion, with a focus on integrated solutions and technology-driven services.

National Oilwell Varco, Inc. (NOV): Provides equipment and technology solutions for the oil and gas industry, focusing on drilling, completion, and production.

Strategic Collaborations and Partnerships

Expro has engaged in significant collaborations to enhance its market position and innovation capacity:

Merger with Frank's International: In October 2021, Expro completed a merger with Frank's International, creating a leading full-cycle energy services provider.

Contracts with OMV Petrom: In March 2025, Expro secured contracts totaling over $10 million for the Neptun Deep gas project in the Black Sea.

Operational Insights

Expro's strategic considerations include:

Global Presence: Operating in over 60 countries, Expro leverages its extensive footprint to serve diverse markets and reduce dependency on any single region.

Technological Investment: Continuous investment in research and development ensures that Expro remains at the forefront of innovation, offering cutting-edge solutions that improve operational efficiency.