HOUSTON – March 15, 2022 - Leading provider of energy services, Expro (NYSE: XPRO) has acquired 100% of Distributed Fiber Optic Sensing (DFOS) company, SolaSense Ltd.
Based in the UK, SolaSense’s well surveillance technology features portable processing software and enhanced visualization interface for delivering near real time analysis of distributed acoustic sensing (DAS) / distributed temperature sensing (DTS) data at the well site. This allows well characteristics to be readily recognized and evaluated, avoiding the shut-in of wells for extended periods and minimizing lost production.
Combined with Expro’s 50 years of well intervention and integrity experience, this acquisition will allow Expro to meet industry demand to provide customers with a unique one-stop-shop service for the in-depth evaluation of the entire well and also the provision of any subsequent remediation solutions.
Expro’s DFOS offering monitors dynamic behavior in the well, providing a health check of the well and an accurate diagnosis of any well and reservoir issues.
Compared to traditional completion deployed applications of fiber optic technologies, DFOS can be deployed thru-tubing and used to analyze and evaluate well performance and integrity within hours of the completion of the survey providing greater insight of the dynamic behavior of the well, to help customers make important time-sensitive decisions. Supported by DFOS, it can provide an enhanced cased hole offering and integrated slickline mechanical services all within Expro.
Steve Russell, Expro’s Chief Technology Officer, commented: “We are committed to delivering cost-effective, innovative technologies and solutions, and best-in-class safety and service quality performance to our customers, all while advancing our commitment to creating a more sustainable business and lower carbon future.
“Access to representative well data is key for making informed well performance and integrity decisions. This acquisition allows us to build on our existing well intervention and integrity portfolio, leveraging the expertise from both companies to extend our customer’s wells’ lifespan, while reducing time and costs. Led by a highly skilled and dedicated team with extensive industry experience, we look forward to building on our digital solutions and welcoming the SolaSense team to the Expro family.”
John Davies, SolaSense CEO, said: “The SolaSense ambition has always been to see distributed fiber optic logging being used widely as a simple and affordable means of well performance and well integrity monitoring. The integration of SolaSense’s technology and expertise into Expro’s existing global well intervention footprint will fast track the realization of this ambition, and more importantly add value for the end customers through the wider uptake of fiber-enabled slickline deployed DFOS surveys. The SolaSense team are very excited about this significant development and look forward to supporting Expro in the fast and efficient expansion of DFOS well logging.”