HOUSTON–(BUSINESS WIRE)–Aug. 29, 2022–
Energy services provider Expro (NYSE: XPRO) is leading industry efforts to meet environmental goals with the development of digital technology that can help drilling contractors and operators reduce an estimated 146 tons of greenhouse gas emissions annually. CO2, the equivalent of 58 transatlantic flights.
Expro iTONG™ System: Smart Autonomous Connections. (Photo: Business Wire)
While the oil and gas industry has introduced many digital innovations, Tubular Running Services (TRS) is one area that has historically lagged behind. Expro, however, is driving further automation of the rig floor with its iTONG™ system. In addition to reducing emissions, the iTONG system is designed to help protect personnel and is estimated to save operators nearly 50 hours of drilling time and $2 million per year per installation.
The iTONG system is the industry’s most technologically advanced one-button tubular configuration solution that allows the operator to control, execute, verify and validate each connection configuration via a tablet or their control chair. It ensures that casing and tubing joints can be made with a specific torque, or broken in an automated sequence, with the push of a button.
With a reduction in the number of personnel required for pipeline operations, a rig using iTONG can reduce annual emissions from rig time, travel and accommodation by approximately 146 tons per year, the equivalent of eliminating 58 flights from 10 hours from Oslo to Houston. in the course of a year.
Expro experts are available this week on Stand 2200 at ONS 2022 in Stavanger to discuss the system with conference delegates.
Jeremy Angelle, Vice President of Well Construction, said: “iTONG offers seamless integration into existing automated rig operations and marks a key step towards fully autonomous tubular operation. Digital solutions are increasingly being deployed to improve operations, improve well integrity reliability and reduce personnel on the rig floor, resulting in greater safety and efficiency, with lower operating costs throughout. the industry.
“Thanks to systems like iTONG, our highly trained research and development teams lead the industry in improving safety, reducing emissions and increasing savings around the world. Some 47% of our R&D spend is directly allocated to carbon reduction projects, demonstrating our dedication to helping energy companies achieve their goals.
“iTONG not only enhances the industry’s ability to improve service quality and reliability, but is also a paradigm shift that revolutionizes the tubular execution process, providing a fully self-contained solution to deliver operational excellence.”
The technology has undergone major field testing on a high-efficiency jack-up platform in the North Sea, involving 22 jobs, resulting in more than 1,600 connections being made. Other studies revealed that the technology can save an estimated 50 hours of rig time per year, which would equate to nearly $2 million annually, and 52 return helicopter flights for TRS crews.
In another example of the company’s commitment to advancing the industry, iTONG is paired with Expro’s iCAM ® twist-turn tubular connection system, which uses artificial intelligence to make data-driven decisions, ultimately determining whether makeup has been successful.
Earlier this year, Expro received a Spotlight on New Technology ® award for its Galea™ Autonomous Well Intervention System at the Offshore Technology Conference (OTC) in Houston, while last month it was announced that Expro had been commissioned by a consortium formed by Ed. Züblin AG and Huisman Geo BV, specialists in drilling and geothermal energy, to offer an integrated well services program for a new geothermal power plant in the Upper Rhine Valley in Germany.
That partnership came about as part of the company’s long-term strategy to continue to invest in transforming its business portfolio and reducing its greenhouse gas emissions, as well as its stated goal of achieving Net Zero by 2050 with a 50% reduction in carbon intensity by 2030. .
Working for clients throughout the well life cycle, Expro is a leading provider of energy services, offering innovative, cost-effective solutions and what the company considers best-in-class quality of service and safety. The company’s broad portfolio of capabilities encompasses well construction, well flow management, subsea well access, and well integrity and intervention solutions.
With roots dating back to 1938, Expro has approximately 7,200 employees and provides services and solutions to leading onshore and offshore exploration and production companies in approximately 60 countries.
Today, Expro’s well experience and technologies are transferable to the low-carbon and renewable energy industry. As the energy industry looks to address the challenges of tomorrow, Expro believes it is well positioned to play a leadership role in enabling its clients to achieve their carbon reduction targets in support of the energy transition.
SPECIAL NOTE ON 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 about, among other things , the Company’s environmental, social and governance goals, objectives and initiatives, and the benefits and success of the iTONG system, and are indicated by words or phrases such as “anticipate”, “outlook”, “estimate”, “expect” , “project”, “believe”, “imagine”, “goal”, “target”, “may”, “will” and similar words or phrases. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed 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. Factors that could cause actual results, performance or achievements to differ materially include, but are not limited to, the risk factors identified in the Company’s Annual Report on Form 10-K, Form 10-Q and Form 8- K filed with the Securities and Exchange Commission. . The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, historical practice or otherwise.
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INDUSTRY KEYWORD: OTHER ENERGY SOFTWARE OIL/GAS HARDWARE ALTERNATIVE ENERGY ENERGY ARTIFICIAL INTELLIGENCE TECHNOLOGY
Copyright Business Wire 2022.
PUBLICATION: 08/29/2022 03:00 AM/DISC: 08/29/2022 03:02 AM
Copyright Business Wire 2022.