New Venture

Expro International Group PLC
01 April 2003


Embargoed until 07.00                                               1 April 2003


                         EXPRO INTERNATIONAL GROUP PLC
                                   ("Expro")

  Formation of QuantX Wellbore Instrumentation ("QuantX") in conjunction with
                   Baker Hughes Incorporated ("Baker Hughes")


Expro announce today that they are forming a stand alone 50:50 joint venture
with Baker Hughes. The new joint venture, to be named QuantX Wellbore
Instrumentation, will be a leading provider of permanent in-well data
acquisition systems. QuantX will be headquartered in Houston, Texas and have a
major facility in Aberdeen and will utilise Baker Hughes' and Expro's global
infrastructure as required.


Expro will inject its existing permanent monitoring business, which has a net
asset value of $6.5m and achieved income of approximately $26m and EBITDA of $6m
in 2002/03, into QuantX. In order that each party contributes assets and
businesses that are worth 50% of the joint venture, Baker Hughes will make a
compensating cash payment to Expro of $30m. This additional cash payment values
the business that Expro is contributing to the joint venture at an EBITDA
multiple of 10x. QuantX will be only minimally dilutive to Expro for the first
year and is expected to be earnings enhancing thereafter. The cash proceeds will
be used to increase financial flexibility through a reduction in net debt.


The ever present drive of E&P operators to improve reservoir production yields
and reduce costs is creating an increasing need for reservoir and other downhole
parameter data to be available in real-time. QuantX has been formed to serve
this market, combining the capabilities of Baker Hughes, the market leader of
in-well completion hardware, with Expro, one of the leading providers of
permanently installed in-well data acquisition systems. Reservoir performance
monitoring is an important market, with so-called 'intelligent wells' forecast
to be one of the fastest growing types of instrumented wells. The market for new
permanent monitoring data systems is forecast to grow from approximately $125m
p.a. to $200m p.a. over the next three years.


John Dawson, Chief Executive of Expro, said today: "We are delighted with this
deal, which we believe will be an exciting opportunity for both Expro and Baker
Hughes. The joint venture will enable Expro and Baker Hughes to provide a more
extensive product range to their clients in a rapidly developing market through
an enhanced global distribution and sales network."


Michael E. Wiley, Chairman, President and Chief Executive Officer of Baker
Hughes Incorporated, said in Houston today: "The QuantX venture will be a leader
in advancing permanent in-well monitoring technology. Integrating Expro's
capability to measure real-time reservoir performance with Baker Hughes'
intelligent well completions and other technologies presents an important
enhancement to our clients' project economics, particularly in deepwater."


                                    - Ends -


For further information please contact:


Expro International Group PLC                                      0118 9591 341
John Dawson, Chief Executive
Eric Woolley, Finance Director
Colin Ainger, Director Corporate Development

Weber Shandwick Square Mile                                        020 7067 0700
Tim Jackaman/ Kirsty Hall/ Rachel Taylor




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