Expro grows well construction capability with deal for Coretrax

Feb. 13, 2024
Expro has entered an agreement to acquire Coretrax from an investment group led by Buckthorn Partners for about $210 million.

Offshore staff

HOUSTON Expro has entered an agreement to acquire drilling tools and wellbore cleanup specialist Coretrax from an investment group led by Buckthorn Partners for about $210 million.

The acquisition will allow Expro to expand its portfolio of construction, well intervention and integrity services, notably in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa.

In well construction, the company will now be able to offer the DAV-MX downhole circulation tool, the HyPR Holesaver hydraulic pipe recovery system, and the Activated Drilling Scrapper (ADS) debris recovery system.

ADS is said to remain dormant in the string until activated, allowing drilling operations and liner hanger preparation to be completed in a single trip. Once hydraulically activated, by dropping a ball from surface, the systems’ blades are said to provide 360-degree coverage for removal of debris.

As for well intervention and integrity, Coretrax brings what Expro claims is the sole expandables solution that can be deployed on coil tubing, wireline and drillpipe.


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