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Member News02nd Jul 2019

Expro enters new market with technology acquisition

Oilfield services company Expro has acquired 100% of the equity of technology company Quality Intervention AS (QI). The Norway-based company was founded in 2008 and provides a portfolio of innovative products and services, including coiled tubing technology (CoilHose), annular integrity technology (Well Spring) and in-situ wellhead remediation tooling (Multi-tool).

The company has a proven track record in the North Sea for well intervention through CoilHose, which offers operators a unique system that is rapidly deployed, saving both time and cost compared to traditional coiled tubing services. Expro has said that the acquisition will enable it to extend its well intervention capability and expand into the coiled tubing and pumping service sector. Read more…