This acquisition is expected to bolster Expro's portfolio of services in the subsea well access sector in North and Latin America, while also accelerating PRT Offshore's surface equipment offerings in the Europe and Sub-Saharan Africa and Asia Pacific regions.

This ten-year master services agreement encompasses the provision of well services and emergency well control services.

The move is set to ignite transformative growth for ASCO Group, allowing it to venture further into the burgeoning renewables and new energy markets.

The solution, featuring a multi-functional single shear and seal mechanism, will be incorporated into a full subsea deepwater completion/intervention system for a long-standing customer in the Gulf of Mexico.

The aim of this collaboration is to leverage AI and cloud-based technologies to enhance production and establish the foundation for achieving decarbonization and net-zero targets.