In 2003, Graeme Coutts was appointed CEO and a new management team was established. A detailed review of strategy was completed and a new 4-point strategy for growth was adopted based on:
- Establishing areas of critical mass
- Enhanced customer care
- Best in class technology
- Strategic acquisitions
In 2005, Expro acquired Read Matre Instruments AS and DHV Inc. Expro opened a new technology centre in Aberdeen on September 6, and opened offices in Sakhalin (Russia) and Calgary (Canada).
Also in 2005, Expro were recognised as leaders in safety being awarded the prestigious Royal Society for the Prevention of Accident (RoSPA) Gold Award for occupational health and safety, covering all Expro’s operations and support activities. This recognised a highly successful 5-year improvement programme. Furthermore in 2006, Expro achieved the ultimate accolade by winning RoSPA’s Oil and Gas Industry Sector Award.
In late 2005, Expro produced the first oil for Exxonmobil in Russia with start-up of the Chayvo early production system on Sahkalin Island. Expro also pushed on with the development of the 3rd generation of subsea landing strings with tools designed for large-bore, high temperature-high pressure, deepwater applications. Expro were now embracing major projects and technology developments to support the IOC’s in their challenge for increasingly remote hydrocarbon development.
In 2006, Expro took its most significant step forward with the acquisition of PowerWell Services, a leading supplier of well and other flow management products and services to the global oil and gas industry. This acquisition was an ideal fit with Expro’s growth strategy.
In order to deliver the ongoing business and also to support further sustained growth, Expro successfully re-shaped its organisation. The business was divided into hemispheres – East and West.
The Eastern Hemisphere included the Regional businesses of:
- Europe CIS
- West Africa
- North Africa / Middle East
The Western Hemisphere included the Regional businesses of:
- North America – Land
- North America – Offshore
- Latin America
In addition to the Regional businesses, Expro continued to deliver a number of Global businesses that rely on the Regional infrastructure for operations support. The Subsea Business Unit provided subsea intervention equipment used to access subsea wells for completion, testing and maintenance. The Production Solutions Business Unit supplied and operates fast track production facilities to establish early production from proven fields. The Tronic-Matre Business Unit provided a specialist range of subsea electrical connectors and instrumentation.
This enhanced global footprint allowed Expro to effectively deliver a wide range of services to the major International Oil Companies, the Independents and to the increasingly important National Oil Companies.
In April 2007, Expro identified and defined the concept of Well Flow Management, reinforcing the company’s strength in providing products, services and technology that measure, improve, control and process flow from oil and gas wells. The business also reviewed its marketing focus in line with customers’ buying habits, with new marketing areas of: Well Testing & Commissioning, Production Systems, Wireline Intervention, Connectors & Measurements, Drilling Chokes.
At the same time, the company delivered a new brand identity, with a focus on delivering world-class performance in HSE, service quality and customer care under the banner of 'Excellence in Operations'.
The year 2007/08 saw Expro record its most successful year in its history. Expro has achieved world-first operations with its deepwater technology, received industry awards for safety and innovation and reaffirmed its position as a leading international oilfield service company.
Expro won the coveted Subsea Company of the Year award at the Subsea UK Business Awards 2008. The award recognises excellence and achievement in the subsea industry.
The company is also proud to have won three major health and safety awards in a row from RoSPA in recognition of its industry-leading HSE performance.
In June 2008, Expro was acquired by the private equity consortium Umbrellastream Ltd, made up of Candover, Goldman Sachs and Alpinvest. This consortium has an outstanding track record of creating value in the services industry and remains fully supportive of current Expro strategies and its management. The takeover has paved the way for Expro to further progress its successful strategy for growth and to continue in the delivery of operational excellence to its customers worldwide.
In 2008/2009, Expro was proud to win the coveted Oil & Gas sector award from RoSPA for the fourth year in succession, in recognition of its outstanding international safety standards and performance.
In 2010, Expro appointed Charles Woodburn as Chief Executive Officer. Charles joined Expro following a highly successful career in the Oil & Gas services industry with Schlumberger.
In 2011, Expro once again received an award from the Royal Society for the Prevention of Accidents in recognition of its safety record. Expro was commended in the Oil & Gas Industry sector of the annual 2011 RoSPA safety awards, making it the seventh year in a row Expro has been successful.
A major new investment programme was announced that reinforced the company’s leading position as a supplier of innovative technology and specialist services to the upstream Oil & Gas sector. The programme included expanding Expro’s established fleet of subsea safety systems and well test packages, as well as globalisation of Expro’s strong drill stem testing (DST) heritage and emerging, innovative telemetry capability.
Investments were also made to fuel specific customer growth initiatives in the wireine and production systems product lines as well as new product developments in productions surveillance (multi-phase metering) and fluid analysis.
After more than 21 years of working at Expro, chairman Graeme Coutts retired in July. During his distinguished career within the company he held several prominent senior executive roles including President Western Hemisphere and Chief Executive Officer, before taking over as Executive Chairman in 2008.
Expro refined the company vision in the summer of 2011. Expro is the leader in well flow management, providing a complete package of services and products to assist customers across the lifecycle of a well.
In 2012, Expro hired Sir George Buckley as its new Chairman. In March, Expro sold its Connectors & Measurements (C&M) business, including the Tronic and Matre brands, to Siemens AG at a valuation of US$630 million.
Expro Chief Executive Officer, Charles Woodburn, said: “We received several unsolicited indications of interest for our C&M business last year, allowing us to explore strategic alternatives that led to the optimal outcome for our shareholders, customers and employees. We are very pleased with the result of the sale process. We will look to use the net proceeds from the sale of the C&M business to repay existing borrowings and support our strong position within the industry by further investing in the growth strategy of our core business. We wish Siemens and everyone at C&M every success in the future.”
Today, Expro operates in all the major hydrocarbon producing areas of the world, employing more than 5,000 people in 50 countries. With our head office in the UK, Expro has regional headquarters in Aberdeen, Accra, Dubai, Houston, Kuala Lumpur and Rio. We have grown rapidly in recent years to become a market leader in the offshore and subsea arena, with a strengthened presence in gas wells and land markets.
Expro’s global product line teams are supported by our network of multi-discipline experts, ensuring consistency of service and underpinning our commitment to deliver service excellence to our customers worldwide.
Expro offers services and products through three marketing segments:
- Well Testing & Commissioning
- Production Systems
- Wireline Intervention
The range of well flow management services that we offer across our portfolio allows us to provide integrated solutions to our customers worldwide.
Expro’s expertise extends across the lifecycle of a well, reinforcing our ability to assist our customers to achieve their goals – from Exploration & Appraisal through to Abandonment.