NORWAY– May 5, 2026 – Enhanced Drilling has entered into a definitive agreement to be acquired by Expro, a leading global energy services provider. The transaction represents an important milestone for Enhanced Drilling and creates new opportunities to further scale our managed pressure drilling technologies globally.
By joining Expro, we combine our advanced managed pressure drilling solutions with Expro’s global reach and integrated well lifecycle capabilities. Together, this strengthens our ability to support operators in improving well delivery, managing operational risk, and increasing execution certainty in technically demanding offshore environments.
Headquartered in Norway, Enhanced Drilling is a recognized technology leader within managed pressure drilling, with a strong track record across challenging offshore environments, including the North Sea, Gulf of America, West Africa, the Caspian region, and Asia Pacific. Our technologies are designed to manage narrow drilling windows, improve wellbore control, reduce non-productive time, and simplify well designs through increased efficiency.
Through Expro’s global operating footprint and established customer relationships, Enhanced Drilling’s technologies are expected to see accelerated international adoption across key offshore markets.
"This transaction marks an exciting new chapter for Enhanced Drilling. Becoming part of Expro provides an opportunity to scale our technologies through a global organization with deep operational expertise and longstanding customer relationships. We look forward to working together to expand the reach of our solutions.” - Kjetil Lunde, CEO of Enhanced Drilling
The combination also strengthens Expro’s position in Norway, a strategically important offshore market known for technical leadership, while reinforcing Enhanced Drilling’s role as a provider of differentiated managed pressure drilling technologies. Our early involvement in design and planning complements Expro’s strategy of delivering technology‑enabled solutions across the well lifecycle.
“Enhanced Drilling is a strong strategic fit that expands our portfolio and strengthens our relevance in Norway. Their managed pressure drilling technologies complement Expro’s existing capabilities and align closely with our focus on helping customers improve efficiency, manage risk, and deliver wells with greater certainty.” - Michael Jardon, CEO of Expro
Total consideration to be paid at closing is approximately NOK 2 billion in cash, subject to customary closing and working capital adjustments. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the third quarter of 2026.
Until the transaction is completed, Enhanced Drilling and Expro will continue to operate independently, with no expected disruption to customers, partners, or suppliers.
Tom Hasler
Chief Commercial Officer, Enhanced Drilling
toha@enhanced-drilling.com
+447415951329
EXPRO
Expro Working for clients across the entire well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company considers to be best-in-class safety and service quality. The Company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions. With roots dating to 1938, Expro has approximately 7,000 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in approximately 60 countries.
For more information, please visit expro.com and connect with Expro on X (formerly Twitter) @ExproGroup and LinkedIn @Expro.
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