Oil demand will rise further in the medium term, according to Rystad Energy research and modelling, as low-carbon alternatives are not yet sufficiently developed or economically competitive to offset the growing demand for transportation and industrial services.
The acquisition will help Expro to expand its portfolio of cost-effective, technology-enabled well construction and well intervention and integrity solutions.
To further support its growth strategy, the company will launch the new Viridien brand on 10 June at the upcoming EAGE Annual Conference in Oslo.