Expro signs LOI for AX-S(TM)

Expro International Group PLC 27 June 2007 27 June 2007 EXPRO INTERNATIONAL GROUP PLC ("Expro") Expro signs LOI for the AX-S(TM) Lightweight Intervention System Expro International Group PLC today announces the signing of a Letter of Intent with BP plc concerning the development and commercialisation of Expro's AX-S lightweight subsea wireline intervention system. This follows on from a Joint Industry Project that proved the design concepts of AX-S. Final contractual discussions between Expro and BP are underway, and upon successful completion: Expro will build a fully engineered AX-S system and provide operational capability to deploy and operate the first system; BP will provide partial project funding and conduct field trials of the AX-S system on subsea wells; and both parties will have agreed upon a contractual arrangement to further the introduction of this unique technology. The AX-S System will service the rapidly growing market for lightweight well intervention services that diagnose production problems and improve production from subsea wells. The goal is to reduce the "recovery gap" in reserves between subsea wells and those managed from platforms. Commenting on behalf of Expro, Graeme Coutts, CEO, said, "Today's announcement is the result of a focused engineering exercise over the last two to three years. AX-S will offer a "step change" in well flow management of subsea wells. We are delighted that BP, who have jointly worked with us from initial project conception, continue to recognise the potential for AX-S in their long term vision of deepwater field management." - Ends - For further information please contact: Expro International Group PLC 0118 959 1341 Graeme Coutts, Chief Executive Officer Michael Speakman, Finance Director Weber Shandwick Financial 020 7067 0700 Nick Oborne / Rachel Taylor / Stephanie Badjonat Note to Editors Expro's business is well flow management. Expro is a leading provider of products and services that measure, improve, control and process flow from high-value oil and gas wells. Key niche businesses must be able to command and sustain market share leadership through a combination of technological pre-eminence and/or operational economies of scale. They will have a high knowledge and service content and will be able to anticipate, meet and exceed customers' expectations. With its head office in the UK, Expro employs more than 4,000 highly-trained staff in 50 countries. For more information, please visit the Expro website www.exprogroup.com This information is provided by RNS The company news service from the London Stock Exchange
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