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Events / Business / Expro acquires Enhanced Drilling
Business acquisition

Expro acquires Enhanced Drilling

Analysis based on 6 articles · First reported Mar 09, 2018 · Last updated Jul 26, 2026

Sentiment
15
Attention
2
Articles
6
Market Impact
General
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Market Impact

The acquisition strengthens Expro Group's competitive position in the offshore drilling services market, potentially boosting its revenue and market share. The deal is expected to be accretive to Expro Group's earnings as it integrates Enhanced Drilling's technologies and expands into new regions.

oil and gas services drilling technology
Event Summary

Energy services provider Expro Group completed the acquisition of Norwegian managed pressure drilling specialist Enhanced Drilling for approximately $215 million (NOK 2 billion) in cash. The deal adds Enhanced Drilling's managed pressure drilling (MPD) and riserless mud recovery (RMR) technologies to Expro Group's portfolio, strengthening its offshore well construction capabilities. Enhanced Drilling has a strong presence in the North Sea, Caspian Sea, and Gulf of Mexico naming controversy, and Expro Group plans to expand these technologies into West Africa, Americas, and MSCI Asia Pacific Index. Expro Group CEO Michael Jardon and Enhanced Drilling CEO Kjetil Lunde expressed optimism about the strategic fit and growth opportunities. In connection with the closing, Expro Group granted equity awards to 23 former Enhanced Drilling employees.

Key Actions
100 Expro Group acquired Enhanced Drilling
20 Expro Group granted equity awards
Entities Involved
stock
Expro Group
Expro Group is the acquirer, expanding its portfolio with MPD and RMR technologies, strengthening its position in offshore markets and potentially increasing revenue.
Importance 100.0 Sentiment 20.0
priv
Enhanced Drilling
Enhanced Drilling is the acquired company, gaining access to Expro Group's global footprint to scale its technologies.
Importance 90.0 Sentiment 25.0
per
Michael Jardon
Michael Jardon is Expro Group's CEO, who announced and supported the acquisition.
Importance 40.0 Sentiment 10.0
per
Kjetil Lunde
Kjetil Lunde is Enhanced Drilling's CEO, who welcomed the acquisition as a milestone.
Importance 30.0 Sentiment 10.0
cnt
Norway
Norway is the home country of Enhanced Drilling and a key offshore market for Expro Group.
Importance 30.0 Sentiment 5.0
loc
North Sea
North Sea is a primary operating region for Enhanced Drilling's technologies.
Importance 20.0 Sentiment 5.0
loc
Gulf of Mexico naming controversy
Gulf of Mexico naming controversy is a key offshore basin for Enhanced Drilling's operations.
Importance 20.0 Sentiment 5.0
loc
West Africa
West Africa is a target region for expanding Enhanced Drilling's technologies.
Importance 15.0 Sentiment 5.0
loc
Americas
Americas is a target region for expanding Enhanced Drilling's technologies.
Importance 15.0 Sentiment 5.0
index
MSCI Asia Pacific Index
MSCI Asia Pacific Index is a target region for expanding Enhanced Drilling's technologies.
Importance 15.0 Sentiment 5.0
loc
Caspian Sea
Caspian Sea is one of the regions where Enhanced Drilling has deployed its technologies.
Importance 10.0 Sentiment 0.0
cnt
Brazil
Brazil is mentioned as a growth opportunity for Enhanced Drilling's technologies.
Importance 10.0 Sentiment 5.0
cnt
Australia
Australia is mentioned as a growth opportunity for Enhanced Drilling's technologies.
Importance 10.0 Sentiment 5.0
exch
New York Stock Exchange
Expro Group is listed on NYSE, and the acquisition may affect its stock performance.
Importance 5.0 Sentiment 0.0
curr
Norway — Norwegian krone
The acquisition price was denominated in Norway — Norwegian kroner.
Importance 5.0 Sentiment 0.0
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