BHI and Expro form QuantX Wellbore Instrumentation joint venture

Baker Hughes Inc. and the UK-based Expro International PLC formed a joint venture company, QuantX Wellbore Instrumentation, merging the existing companies' well completion technology and permanent well-data acquisition systems.

April 9, 2003

By OGJ editors

HOUSTON, Apr. 9 -- Baker Hughes Inc. and the UK-based Expro International PLC formed a joint venture company, QuantX Wellbore Instrumentation, merging the existing companies' well completion technology and permanent well-data acquisition systems.

QuantX, owned equally by its two parent companies, combined Expro's permanent monitoring business with Baker Hughes' In-Form product line.

Baker Hughes will pay Expro $30 million. QuantX will be based in Houston with an operating facility in Aberdeen.

"The QuantX venture. . .presents an important enhancement to our clients' project economics, particularly in the deep water," said Michael E. Wiley, Baker Hughes chairman, president and CEO.