Interim Results - 6 Months to 30 September 1999

Expro International Group PLC
2 December 1999


   Interim results for the six months ending 30 September 1999

Expro  International Group PLC, the oil field services  company,
today  announces  interim results for the six  months  ended  30
September 1999.


Highlights

* Slow down in first half activity in line with expectations, as
 a result of the oil price collapse in 1998
* Turnover reduced 13.6% to £65.8m (1998: £76.1m)
* Operating profits declined to £7.1m (1998: £11.3m)
* Pre-tax profits at £6.2m (1998: £10.1m)
*  Earnings per share, excluding goodwill amortisation  at  7.2p
 (1998: 11.5p)
*  Interim dividend unchanged at 3.4p per share, reflecting  the
 Company's  confidence  in  the  underlying  strength   of   the
 business
* Reorganisation of the business delivering greater efficiencies
 and cost savings
* Announcement of recent contract awards worth over £50m*


Commenting on these results, John Dawson, Chief Executive, said:

'Against  a difficult market background, many of our competitors
have  seen profits in the last year decline between 40% and 65%.
Expro has delivered a robust performance largely because of  the
company's  focus on the more stable development  and  production
activities.  With the recent recovery in the oil price,  we  are
confident  that  our  clients  will  gradually  increase   their
expenditure which will benefit Expro in the coming year.'

For further information:

Expro International Group PLC     On 2nd December: 0171 253 2252
John Dawson, Chief Executive            Thereafter: 01189 591341
Eric Woolley, Group Finance Director

Ludgate Communications                             0171 253 2252
Robin Hepburn
Denise Peplow

* Please refer to press releases dated 8 November and 1 December
for further details


Chairman's and Chief Executive's Statement

Introduction:   Expro,  with  its  wide  geographic  spread   of
activities has continued to deliver a robust performance against
a  difficult market background. This performance is a result  of
the  Group's focus on the more stable production and development
phase activities from which it derives 80% of turnover, with the
remainder  from  the  important, but inherently  more  volatile,
exploration and appraisal phase of an oilfield's life.

Market  Background: Whilst current oil prices are in the  region
of  $25  a barrel for Brent crude, client spending plans  remain
conditioned by the sub $10 oil price witnessed at this time last
year.  The impact of the unprecedented fall in real oil price in
1998  has  forced the industry to adjust its spending behaviour;
with investment decisions being appraised in the range of $10 to
$14 a barrel of oil.

Many  oil companies have sought cost reductions through  mergers
and  reorganisation  activity in  the  last  twelve  months.  In
response to this, the oilfield service industry has also  sought
to  realign its cost structure, through consolidation  and  cost
cutting.   A further key theme has been the continuing drive  to
deliver  innovative  technology, in  order  to  reduce  finding,
development  and operating costs for the upstream  oil  and  gas
industry.

With  oil  companies  generally  looking  to  maximise  existing
production   to   benefit  from  current  higher   oil   prices,
expenditure to maintain ongoing production (Opex) has  not  been
as  severely  affected  as  new  capital  investment  programmes
(Capex).   It is anticipated that the Capex spend will start  to
liberalise during the course of next year, as the oil  producers
address  the significant issues of production declines resulting
from reservoir depletion and insufficient reserve replacement.

Results  Summary: The performance for the six  months  ended  30
September  1999  reflects  a period when  the  industry  was  in
transition.   The  activity slow down  in  the  first  half  and
weighting  towards the second half of the year  was  anticipated
and  well referenced at the time of the preliminary results  for
1999.  Turnover reduced 13.6% to £65.8m, compared with the  same
period last year.  Operating profits declined 37% at £7.1m, with
pre-tax profits at £6.2m, similarly reduced.  Basic earnings per
share  at 6.7p or 7.2p excluding goodwill amortisation,  compare
with   the   prior  year  figure  of  11.5p  excluding  goodwill
amortisation.

Dividend:   Reflecting the Board's confidence in the  underlying
strength of the business, the interim dividend remains unchanged
at  3.4p per share.  This will be payable on 31 January 2000  to
shareholders on the register on 6 January 2000.

Strategic  Development: Ahead of the sustained downturn  in  the
oil price in late 1998, we had started the reorganisation of our
many   product  and  service  lines  into  three  core  business
activities,  with  the  aim  of improving  focus  and  providing
improvements in operational efficiency.  Each of these  business
streams  has  unique areas of competitive advantage:  production
enhancement  skills  in  Cased Hole  Services  (CHS);  deepwater
expertise in Subsurface Systems (SSS); and facilities management
capabilities in Surface and Environmental Systems (SES).

The  new  structure  is  delivering  cost  savings  and  greater
efficiencies  enabling  us  to  remain  competitive.   With  the
increased  focus  that the new structure  provides  we  are  now
concentrating  on  building our technical  solutions  capability
across  the  three  businesses  using  our  global  distribution
network.  In  this way we are positioning ourselves to  continue
our track record of double digit growth through a combination of
organic and acquisition opportunities.

CHS:  This will be expanded by increasing the market penetration
of our leading technologies such as in data acquisition from the
well, together with opportunities to add to our service range.

SSS: With its close linkage to field development Capex projects,
this  activity  offers numerous seabed to surface  opportunities
for  the  Group,  including data applications for  the  emerging
intelligent well completion technology.  The increasing  use  of
seabed completions in areas such as the Gulf of Mexico, offshore
Angola and Brazil, give an indication of the future potential of
this  business.  In addition, as these fields become established
they require intervention services for maintenance purposes over
their  life.   This provides enormous pull-through opportunities
for other Group services.

SES: The main areas of expansion will be linked to the provision
of  well intervention activities for subsea completions and  the
provision of long term production facilities.

Results  Analysis: The CHS business stream, which was production
(i.e.   Opex)  driven,  was  comparatively  unaffected  by   the
downturn, and experienced only a modest turnover decline  of  5%
to  £22.7m.   This  was principally the result  of  the  reduced
demand for gas in the Netherlands, lowering the number of  field
rejuvenation programmes required, together with short term  well
maintenance economies in the UK North Sea.

Good   progress  is  being  made  with  a  number  of  new   CHS
technologies.  Following the recent acquisition of 4S, their new
depth  correlation  tools,  which enable  lower  cost  reservoir
perforation,  have now been field proven in hostile  environment
wells  in  the Asia Pacific region.   The systems are now  being
introduced into other regions.

With  its focus on Capex projects related to field developments,
the  impact of the industry cycle on the SSS business  was  more
pronounced.   Turnover  was  down  24%  to  £17.4m,  as  clients
reduced,  delayed or deferred new field development  programmes.
The  most  significant  area to have been  affected  is  Norway,
following  the slow down in activity by clients such as  Statoil
and Norsk Hydro/Saga.

The  SES  business stream activity spans all phases of a  well's
life,  25%  relating  to  exploration and  production  with  the
balance in development and production.  Turnover declined 12% to
£25.6m,  with  the anticipated steep decline in exploration  and
appraisal  activity  in the Netherlands and reduced  development
activity  in  the UK accounting for much of the  reduction.  The
build  up  of  operations in Africa, the majority  of  which  is
production related, or linked to activities offshore  Angola  in
the deepwater, mitigated the reduced activity in Europe.

Overall,  whilst  gross  margins have been  maintained  at  last
year's  level,  indicating the high value added  nature  of  our
product  and  service offerings, the reduction of  turnover  has
adversely  impacted operating margins in the period  which  have
reduced  to  10.7% compared with 14.8% in the same  period  last
year.

The  fixed  cost infrastructure of the business is significantly
leveraged  to  turnover  growth and  will  lead  to  a  material
improvement in margins as turnover increases.

Outlook:   Much  of  the  short-term  decline  in  business  was
anticipated  as  a result of the after shock following  the  oil
price collapse last year.  As confidence returns to the industry
we  are  looking for an improvement in business  in  the  second
half,  particularly  in the SSS business stream  in  markets  in
Africa  and the Americas.  During the course of 2000 we  foresee
our  clients gradually increasing their capital spend.  With the
significant  operational  gearing  in  our  business,  and   the
investment in establishing a greater international presence over
the past eighteen months, we expect increased activity levels to
be   rapidly  translated  into  increased  profitability.    The
financial  position of the company is strong, with  considerable
reserve  debt  capacity  available to facilitate  the  continued
development of the business.

It  is against this backdrop that the directors remain confident
in the long-term future of the business.

Dr Chris Fay, CBE        John H. Dawson
Chairman                 Chief Executive

1 December 1999

UNAUDITED GROUP PROFIT AND LOSS ACCOUNT
for the six months ended 30 September 1999


                        Note  Six months    Six months     Year
                                   ended         ended     ended
                             30 September  30 September 31 March
                                     1999          1998     1999
                                   £000's        £000's   £000's

Turnover                   2       65,771        76,103  153,490

                                  =======       =======  =======

Operating profit                    7,056        11,253   22,391
Interest payable less
  interest receivable (net)         (905)       (1,140)  (2,280)
                                  _______       _______  _______

Profit on ordinary
  activities before tax             6,151        10,113   20,111
Tax on profit on ordinary
  activities               3      (1,875)       (3,084)  (6,134)
                                  _______       _______  _______

Profit on ordinary
  activities after tax              4,276         7,029   13,977
Minority equity interests               9           (9)       11
                                  _______       _______  _______

Profit for the period               4,285         7,020   13,988
Dividends paid and
  proposed                 4      (2,173)       (2,168)  (6,260)
                                  _______       _______  _______

Retained profit for the
  period                            2,112         4,852    7,728
                                  =======       =======  =======

Earnings per ordinary share

Basic                      5         6.7p         11.1p    22.0p
Diluted                    5         6.7p         11.0p    21.9p
Basic before goodwill
  amortisation and
    exceptional charge     5         7.2p         11.5p    24.0p

Total  recognised gains and losses for the six months  ended  30
September  1999 comprise the profit for the period of £4,285,000
and  a  gain  of  £14,000 on foreign currency  translation  (six
months ended 30 September 1998 - gain of £149,000; year ended 31
March 1999 - gain of £34,000)


UNAUDITED GROUP BALANCE SHEET
at 30 September 1999

                        30 September   30 September     31 March
                                 1999          1998         1999
                               £000's        £000's       £000's

Intangible fixed assets
  and goodwill                 10,922        11,525       11,222
Tangible fixed assets and
  investments                  64,509        55,296       63,869
                              _______       _______      _______

Fixed assets                   75,431        66,821       75,091
                              _______       _______      _______

Stocks and work in progress     5,359         4,051        4,132
Debtors                        46,217        57,079       50,171
Cash at bank and in hand        2,324         1,293        2,241
                              _______       _______      _______

Current assets                 53,900        62,423       56,544
Creditors due within one
  year                       (46,863)      (45,619)     (50,286)
                              _______       _______      _______

Net current assets              7,037        16,804        6,258
                              _______       _______      _______

Total assets less current
  liabilities                  82,468        83,625       81,349
Creditors due after more
  than one year              (16,506)      (23,683)     (17,441)
Provisions for liabilities
  and charges                 (2,612)       (1,393)      (2,765)
                              _______       _______      _______

Net assets                     63,350        58,549       61,143
                              =======       =======      =======

Capital and reserves
Called-up share capital         6,400         6,388        6,394
Share premium account and
  capital reserve              53,707        53,556       53,623
Profit and loss account         3,239       (1,428)        1,113
                              _______       _______      _______

Shareholders' funds being
  equity interests             63,346        58,516       61,130
Minority interest                   4            33           13
                              _______       _______      _______

Total capital and reserves     63,350        58,549       61,143
                              =======       =======      =======


UNAUDITED GROUP CASH FLOW STATEMENT
for the six months ended 30 September 1999

                     Note   Six months     Six months       Year
                                 ended         ended       ended
                          30 September   30 September   31 March
                                   1999          1998       1999
                                 £000's        £000's     £000's

Cash inflow from
  operating activities  6        11,908        12,528     38,896
Returns on investments
  and servicing of
    finance                       (788)         (979)    (2,147)
Taxation                          (964)       (2,500)    (7,136)
Capital expenditure and
  Financial investment          (6,833)      (13,889)   (26,851)
Acquisition of subsidiary
 undertakings                     (477)       (4,648)    (4,648)
Equity dividends paid           (4,088)       (3,702)    (5,858)
                                _______       _______    _______

Net cash outflow before
  financing                     (1,242)      (13,190)    (7,744)
Financing                         (596)        12,040     11,993
                                _______       _______    _______

(Decrease)/increase in
  cash in the period            (1,838)       (1,150)      4,249
                                =======       =======    =======


NOTES TO THE INTERIM RESULTS

1. The  results for the six months to 30 September 1999 and  the
   comparative  results for the six months to 30 September  1998
   are  unaudited  and have been prepared on a basis  consistent
   with  the  accounting  policies  set  out  in  the  statutory
   accounts  for the year ended 31 March 1999.  The  comparative
   figures  for  the year ended 31 March 1999 do not  constitute
   statutory  accounts  for the purpose of section  240  of  the
   Companies  Act  1985  and  have  been  extracted   from   the
   Company's  published  accounts, a  copy  of  which  has  been
   delivered  to  the Registrar of Companies  and  on  which  an
   unqualified audit report has been made by the auditors  under
   Section 235 of the Companies Act 1985.

2. Analysis of turnover

                          Six months    Six months          Year
                               ended         ended         ended
                        30 September   30 September     31 March
                                 1999          1998         1999
                               £000's        £000's       £000's

Cased Hole Services            22,708        23,897       48,950
Subsurface Systems             17,415        23,038       46,821
Surface and Environmental
  Systems                      25,648        29,168       57,719
                              _______       _______     ________

                               65,771        76,103      153,490
                              =======       =======     ========

3. Taxation

   Taxation   on  profits  on  ordinary  activities   has   been
   calculated  based  on  an estimated tax  rate  for  the  year
   ending  31  March  2000 of 30.5% and includes  £1,494,000  in
   respect  of overseas tax (six months ended 30 September  1998
   -  rate, 30.5%; overseas tax, £1,333,000; year ended 31 March
   1999 - rate, 30.5%, overseas tax, £2,876,000).

4. Dividends

   An  interim  dividend  of 3.4 pence  per  ordinary  share  is
   declared for payment on 31 January 2000 (six months ended  30
   September 1998 - 3.4p; year ended 31 March 1999 - 9.8p).

5. Earnings Per Share

   Basic  earnings per share is based on the Group's  profit  on
   ordinary  activities after taxation.  For the six  months  to
   30  September 1999, the earnings per share are calculated  on
   a  weighted average number of ordinary shares in issue during
   the  period of 63,866,013 shares.  The earnings per share for
   the  six  months to 30 September 1998 are based on 63,107,506
   and for the year ended 31 March 1999 on 63,451,407 shares.

   Diluted earnings per share are calculated in accordance  with
   FRS  14.   The  basic  earnings  per  share  before  goodwill
   amortisation   and  exceptional  charge  is   calculated   by
   adjusting  earnings  by  £283,000 goodwill  amortisation  and
   £Nil  exceptional charge in the period (six months  ended  30
   September  1998, goodwill amortisation of £211,000  and  £Nil
   exceptional  charge;  year  ended  31  March  1999,  goodwill
   amortisation   of   £493,000  and   exceptional   charge   of
   £1,028,000).

6. Cash Flow Information
   Reconciliation  of  operating profit to net  cash  flow  from
   operating activities.

                           Six months     Six months       Year
                                ended          ended      ended
                         30 September   30 September   31 March
                                  1999          1998       1999
                                £000's        £000's     £000's

Operating profit                 7,056        11,253     22,391
Depreciation and
  amortisation                   6,190         4,891     10,507
Loss/(profit) on sale of
  tangible fixed assets             21             9      (208)
Increase in stocks and work
  in progress                  (1,227)         (486)      (567)
Decrease/(increase) in debtors   3,954         (838)      5,343
(Decrease)/increase in
  creditors and provisions     (4,086)       (2,301)      1,430
                               _______       _______    _______

Net cash inflow from operating
  activities                    11,908        12,528     38,896
                               =======       =======    =======

Analysis of net debt

                                                 Other  30 Sept-
                           1 April     Cash  non cash      ember
                             1999      Flow    changes      1999
                            £000's   £000's     £000's    £000's

Cash at bank and in hand     2,241       83          -     2,324
Bank overdrafts            (5,397)  (1,921)          -   (7,318)
Debt due within one year   (6,242)      300      (300)   (6,242)
Debt due after one year   (17,374)      600        470  (16,304)
Finance leases               (259)       86          -     (173)
                           _______   ______     ______    ______

                          (27,031)    (852)        170  (27,713)
                           =======  =======    =======   =======

7. Year 2000 Compliance

   The   testing  of  all  identified  system  changes  is   now
   complete.   Although no company can guarantee  that  no  year
   2000  problems  will  remain, corrective action  relating  to
   identified  hardware  and software systems  has  been  taken.
   Final  contingency  planning, with  respect  to  third  party
   suppliers for all the numerous sites worldwide, is now  being
   completed.   The  estimated costs of the  actions  that  have
   been  taken are in line with those quoted in the 1999  annual
   report.



Visit our new Website for more information about the Group:

www.exprogroup.com


Copies of these unaudited interim results will be sent to
registered shareholders.

Further copies can be obtained from:

The Company Secretary
Expro International Group PLC
Reading Bridge House
Reading
Berkshire
RG1 8PL