Getech (AIM: GTC), a world-leading locator of subsurface resources, has strategically partnered with Expro (NYSE: XPRO), a leading provider of energy services, to propel low-carbon geoenergy projects, including geothermal energy, natural hydrogen and carbon capture and storage (CCS).
Expro today announced it had entered into a definitive agreement (subject to customary closing conditions and working capital adjustments) to acquire Coretrax, a technology leader in performance drilling tools and wellbore cleanup, well integrity and production optimization solutions, from an investment group led by Buckthorn Partners.
Expro has secured a new Carbon Capture Utilization and Storage (CCUS) contract with INPEX Corporation for the Kashiwazaki Clean Hydrogen/Ammonia project which is Japan’s first clean hydrogen production demonstration project.
Coretrax, a global leader in oil and gas well integrity and production optimisation, is set for further growth with five multi-year contract wins secured for 2024 and plans to grow its footprint in Asia Pacific by a further 30% this year.
Coretrax, a global leader in oil and gas well integrity and production optimisation, has strengthened its well intervention capabilities after acquiring a complementary suite of technology from Wireline Drilling Technologies.
HOUSTON – JANUARY 3 2023 – Leading energy services provider Expro (NYSE: XPRO) is celebrating 40 years of successfully leading the way in the subsea sector since the launch of its first subsea test tree system in the North Sea in 1983.
Coretrax, a global leader in oil and gas well integrity and production optimisation, has appointed Colin Graham as the company’s first sales and operations manager for Africa as it plans for further growth in the region.