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Expro Partners With Petrobras for Development of New Flowmeter Technology

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Expro (NYSE: XPRO) has signed a technology agreement (ETEC) with Petrobras to develop a new non-intrusive flowmeter. The innovative technology will provide real-time flow rates and pattern identification data to monitor slug instabilities, aiming to optimize well production efficiency. The clamp-on design will be non-intrusive and operate without radioactive sources.

The first prototype is scheduled for installation by Q3 2027. This development builds on Expro's experience in Mobile Fiscal Metering, having performed flow metering in over 1,000 wells. The new flowmeter will address challenges in understanding flow patterns and enable parameter adjustments for individual well optimization.

Expro (NYSE: XPRO) ha firmato un accordo tecnologico (ETEC) con Petrobras per sviluppare un nuovo flussimetro non intrusivo. Questa tecnologia innovativa fornirà dati in tempo reale sui tassi di flusso e sull'identificazione dei modelli per monitorare le instabilità di slug, puntando a ottimizzare l'efficienza della produzione dei pozzi. Il design clamp-on sarà non intrusivo e funzionerà senza fonti radioattive.

Il primo prototipo è previsto per l'installazione entro il Q3 2027. Questo sviluppo si basa sull'esperienza di Expro nella Misurazione Fiscale Mobile, avendo effettuato misurazioni di flusso in oltre 1.000 pozzi. Il nuovo flussimetro affronterà le sfide nella comprensione dei modelli di flusso e consentirà regolazioni dei parametri per l'ottimizzazione individuale dei pozzi.

Expro (NYSE: XPRO) ha firmado un acuerdo tecnológico (ETEC) con Petrobras para desarrollar un nuevo medidor de flujo no intrusivo. Esta tecnología innovadora proporcionará datos en tiempo real sobre tasas de flujo e identificación de patrones para monitorear inestabilidades de slug, con el objetivo de optimizar la eficiencia de producción de pozos. El diseño clamp-on será no intrusivo y funcionará sin fuentes radiactivas.

El primer prototipo está programado para su instalación para el Q3 2027. Este desarrollo se basa en la experiencia de Expro en Medición Fiscal Móvil, habiendo realizado mediciones de flujo en más de 1.000 pozos. El nuevo medidor de flujo abordará desafíos en la comprensión de patrones de flujo y permitirá ajustes de parámetros para la optimización individual de pozos.

Expro (NYSE: XPRO)Petrobras와 비침습식 유량계를 개발하기 위한 기술 계약(ETEC)에 서명했습니다. 이 혁신적인 기술은 슬러그 불안정을 모니터링하기 위해 실시간 유량 및 패턴 식별 데이터를 제공하여 우물 생산 효율성을 최적화하는 것을 목표로 합니다. 클램프온 디자인은 비침습적이며 방사성 소스 없이 작동합니다.

첫 번째 프로토타입은 Q3 2027까지 설치될 예정입니다. 이 개발은 1,000개 이상의 우물에서 유량 측정을 수행한 Expro의 이동식 세금 유량계 경험을 바탕으로 하고 있습니다. 새로운 유량계는 유량 패턴 이해의 어려움을 해결하고 개별 우물 최적화를 위한 매개변수 조정을 가능하게 할 것입니다.

Expro (NYSE: XPRO) a signé un accord technologique (ETEC) avec Petrobras pour développer un nouveau débitmètre non intrusif. Cette technologie innovante fournira des données en temps réel sur les débits et l'identification de motifs afin de surveiller les instabilités de slug, dans le but d'optimiser l'efficacité de la production des puits. Le design clamp-on sera non intrusif et fonctionnera sans sources radioactives.

Le premier prototype est prévu pour installation d'ici Q3 2027. Ce développement s'appuie sur l'expérience d'Expro en mesure fiscale mobile, ayant effectué des mesures de débit dans plus de 1 000 puits. Le nouveau débitmètre abordera les défis de compréhension des motifs de flux et permettra des ajustements de paramètres pour l'optimisation individuelle des puits.

Expro (NYSE: XPRO) hat einen Technologievertrag (ETEC) mit Petrobras unterzeichnet, um ein neues nicht-invasives Durchflussmessgerät zu entwickeln. Diese innovative Technologie wird in Echtzeit Durchflussraten und Musteridentifikationsdaten bereitstellen, um Schlamminstabilitäten zu überwachen und so die Effizienz der Brunnenproduktion zu optimieren. Das Clamp-On-Design wird nicht-invasiv sein und ohne radioaktive Quellen arbeiten.

Der erste Prototyp soll bis Q3 2027 installiert werden. Diese Entwicklung baut auf Expros Erfahrung im mobilen fiskalischen Messen auf, das in über 1.000 Brunnen durchgeführt wurde. Das neue Durchflussmessgerät wird Herausforderungen bei der Verständnis von Durchflussmustern angehen und Anpassungen der Parameter für die individuelle Brunnenoptimierung ermöglichen.

Positive
  • Partnership with major oil company Petrobras for technology development
  • Technology could increase production efficiency in slug flow scenarios
  • Expands company's metering solutions portfolio
  • Potential applications across multiple scenarios and facilities
Negative
  • Long development timeline with first prototype expected in Q3 2027
  • Uncertain success of new technology development

Insights

The partnership between Expro and Petrobras to develop a non-intrusive flowmeter represents a significant technological advancement in well monitoring and optimization. The innovative clamp-on design without radioactive components addresses key safety and operational concerns in the industry. The technology's ability to provide real-time data for slug flow monitoring could substantially improve well production efficiency.

The key technical differentiator is the non-intrusive measurement capability, which eliminates the need for system interruption during installation and maintenance. This feature, combined with real-time monitoring, positions the solution uniquely in the market for both onshore and offshore applications. While the 2027 deployment timeline suggests a long development cycle, the potential impact on well optimization and production efficiency could be substantial for Expro's service offerings.

This strategic partnership strengthens Expro's position in Brazil's energy services market and demonstrates their commitment to technological innovation. The collaboration with Petrobras, a major player in the global oil and gas industry, validates Expro's technological capabilities and could lead to significant market opportunities once the technology is proven successful.

The agreement builds upon Expro's track record of over 1,000 well measurements and their established presence in Brazil. The development of this new technology could create a competitive advantage in the well monitoring segment and potentially open up new revenue streams. While the financial impact won't be immediate due to the extended development timeline, the long-term market potential for this technology across both onshore and offshore applications is promising.

HOUSTON--(BUSINESS WIRE)-- Expro (NYSE: XPRO), a leading provider of energy services, has signed a technology agreement (ETEC) with Petrobras for the development of a new non-intrusive flowmeter.

Clamp-on flowmeter (Photo: Business Wire)

Clamp-on flowmeter (Photo: Business Wire)

The technology will provide flow rates and identify flow patterns, generating online and real-time data availability for control and monitoring of slug instabilities to increase efficiency and optimize production of wells.

The key requirement in this technology development is the non-intrusive aspect of the clamp-on design, as well as the absence of any radioactive source. The first prototype is expected to be installed by Q3 2027.

Talking on the agreement, Gregorio Rodrigues, Expro Vice President of Well Flow Management, commented: “We are delighted to partner with Petrobras to continue providing metering solutions, across Brazil. Expro has been at the forefront of pioneering Mobile Fiscal Metering packages, successfully performing flow metering in over 1,000 wells for a number of clients, including Petrobras. We are dedicated to consistently innovating with purpose, and this agreement is a testament to our commitment to being a technology-driven company.

“The new flowmeter can target multiple scenarios where currently there are challenges understanding the flow pattern and enable the client to adjust the parameters in an effort to optimize the production of the wells on an individual basis. Further developments will allow the solution to be utilized in multiple applications.”

Roberta Mendes, Petrobras General Manager for R&D&I in Exploration and Production, commented, “We are hopeful about the development of the technology, which will upgrade the optimization of production from producing wells. The technology has the potential to increase production, especially in slug flow scenarios, and it has the premise of easy implementation in the company's facilities, both onshore and offshore.”

Expro

Working for clients across the entire well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company considers to be best-in-class safety and service quality. The Company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions.

With roots dating to 1938, Expro has more than 8,500 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in approximately 60 countries.

For more information, please visit expro.com and connect with Expro on X (formerly Twitter) @ExproGroup and LinkedIn @Expro.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release, and oral statements made from time to time by representatives of Expro Group Holdings N.V. (“the Company”), may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, the success of the new flowmeter technology and the Company’s future business strategy and prospects for growth, and are indicated by words or phrases such as “anticipate,” “outlook,” “estimate,” “expect,” “project,” “believe,” “envision,” “goal,” “target,” “can,” “will,” and similar words or phrases. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on the Company’s expectations and judgments and are subject to certain risks and uncertainties, many of which are unforeseeable and beyond our control. The factors that could cause actual results, performance or achievements to materially differ include, among others the risk factors identified in the Company’s Annual Report on Form 10-K, Form 10-Q and Form 8-K reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, historical practice, or otherwise.

Media Contact

InvestorRelations@expro.com

MediaRelations@expro.com

Source: Expro

FAQ

What is the purpose of Expro's new flowmeter technology partnership with Petrobras?

The partnership aims to develop a non-intrusive flowmeter that will provide real-time flow rates and pattern identification data to monitor slug instabilities and optimize well production efficiency.

When will XPRO's new flowmeter prototype be installed?

The first prototype is scheduled for installation by Q3 2027.

How many wells has XPRO performed flow metering on?

Expro has successfully performed flow metering in over 1,000 wells for various clients, including Petrobras.

What are the key features of XPRO's new flowmeter technology?

The key features include a non-intrusive clamp-on design, absence of radioactive sources, and ability to provide real-time flow data for well production optimization.

Where can the new XPRO flowmeter technology be implemented?

The technology can be implemented in both onshore and offshore facilities, with potential for multiple applications across different scenarios.

Expro Group Holdings N.V.

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