Financial News

Expro Named ‘Intervention Champion of the Year’ in Global Awards

Double triumph as company wins second award for ‘Energy Transition Pioneer’

Leading energy services provider Expro (NYSE: XPRO) has been named Intervention Champion of The Year at the OWI Global Awards 2023. The company also won Energy Transition Pioneer of The Year for its commitment to sustainable energy solutions.

Organized by Offshore Network, the awards recognize the best in well intervention excellence. Expro was also shortlisted for the Best Example in of Digital Innovation and Best Example of Platform Intervention.

The award for Intervention Champion of The Year recognizes Expro's dedication to Subsea Well Access reaching over 40 years of Subsea Test Tree Assemblies (SSTTA) operations in 2023 and more than 3,000 subsea deployments in exploration and appraisal (E&A), completion, and intervention applications, building a strong reputation and market share that is supported by the industry’s largest large-bore global SSTTA fleet.

Named energy transition pioneer of the year, the company is fully committed to sustainable energy solutions. This recognition reflects the company’s proactive efforts in playing its part in a cleaner and more sustainable future.

Alistair Geddes, Expro’s Chief Operating Officer, said: “These awards recognize Expro’s commitment to investing in and developing what the company believes to be the best-in-class technologies and techniques to support the industry, both now and in the future, and are testament to the expertise and commitment of our teams.

“The Intervention Champion of The Year award honors the innovation, know-how and dedication that our team has invested in the subsea well access market over 40 years to create the exceptional track record and reputation we have today.

“I am particularly pleased that our sustainable energy solutions efforts were also recognized by our peers with the Energy Transition Pioneer of The Year award. By taking action across a vast spectrum of activities, Expro is committed to reducing our own emissions and to support our clients achieving their sustainability targets. We are innovating with a purpose to adapt and invest in technology with a strong focus on carbon capture, use and storage and geothermal sectors.

“We are committed to further strengthening our sustainable energy solutions to manage the evolving industry needs. More broadly, we will leverage our technologies and expertise to reduce emissions and unlock new sources of cleaner, lower carbon energy. This allows us to ultimately play our part as a true citizen of the world.”

ENDS

Notes to Editors:

Expro

Working for clients across the 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 approximately 8,000 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 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 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 Company’s environmental, social and governance goals, targets and initiatives, and the benefits and success of the SSTTA and other technologies mentioned, 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.

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