Expro continues to build on its exceptional financial performance by announcing a $2 billion order book for the first time.
This milestone was achieved at the end of Expro’s 40th anniversary year, thanks to a number of contract wins, including almost $500million in the last quarter alone.
Expro attributes this success due to its market-leading position in deep water well testing and subsea landing string services, the re-emergence of its production systems business and the strengthening of its position in the Gulf of Mexico and Middle East. This is combined with important contributions across its six global regions.
The company’s North America order book increased significantly with a number of key large bore subsea completion landing string and offshore well testing contracts for major international and smaller independent companies. As a result of these wins, Expro is making some strategic investments in the North America market, which includes a $2.5million expansion of its operational facility in Broussard, Louisiana.