ExproSoft Receives $4.2M Equity Investment

ExproSoft AS, a Trondheim, Norway-based supplier of analyses and software for condition based and lifecycle evaluations in wells and well equipment, has received a 27.5 mNOK (approximately US$4.2m) investment from Viking Venture and Investinor.
The capital infusion and the new partnership with the investors, which will take a 42.3% share in the company, will be used to allow ExproSoft to further develop and become a global independent provider of risk and reliability studies, technology qualification services and related software/database products for the upstream sector of the oil and gas industry.

Customers include more than 40 major oil and gas companies, e.g Shell, BP, Chevron, ConocoPhillips, Statoil and Total.
The company also operates local offices in Sandnes, Norway and Houston, Texas. 


Join the discussion