Expro (NYSE: XPRO), a prominent provider of energy services, has entered into a technology agreement (ETEC) with Petrobras to develop an innovative non-intrusive flowmeter.
This advanced technology aims to enhance operational efficiency by providing real-time flow rates and identifying flow patterns, which will support the monitoring of slug instabilities in oil wells.
By generating online data, the flowmeter will empower operators to optimise production processes effectively.
A key feature of this new technology is its non-intrusive clamp-on design, which allows for installation without disrupting existing operations and eliminates the need for radioactive sources.
The first prototype of this flowmeter is anticipated to be installed by the third quarter of 2027, marking a significant milestone in the collaboration between Expro and Petrobras.
Gregorio Rodrigues, Expro’s Vice President of Well Flow Management, expressed enthusiasm about the partnership, stating: “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.”
He further highlighted that the new flowmeter will address challenges related to understanding flow patterns, enabling clients to adjust parameters for individual well optimisation.
Roberta Mendes, General Manager for R&D&I in Exploration and Production at Petrobras, shared her optimism regarding the project.
She remarked that the new technology holds promise for enhancing production efficiency from existing wells, particularly in scenarios involving slug flow.
Mendes noted that its design facilitates easy implementation across both onshore and offshore facilities.
This partnership not only reinforces Expro’s strategic position in Brazil’s energy sector but also highlights its commitment to technological innovation in oil and gas production.
The anticipated advancements from this collaboration could lead to improved operational efficiencies and open new avenues for revenue generation in the competitive energy services market.
