Expro N : 2025 ESG Report
XPRO
Published on 05/12/2026 at 06:32 am EDT
Our 2025 Sustainability Review
Delivery is
in our DNA
Unlocking energy answers for tomorrow
Delivering technology, expertise and service for the wells of today
PR IN CIPLE S
18
Leading with integrity and sustainability
This report highlights our ongoing commitment to sustainability, social responsibility, and governance. It provides an in-depth look at the actions we are taking to create lasting, positive impact in line with our core values. Through transparency, innovation, and accountability, we continue to drive meaningful change across our business and the communities we serve.
We invite you to explore the following pages, which reflect our dedication to being a true citizen of the world.
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G E T TO K N OW E X PRO
Delivering technology, unlocking energy answers
PE R FOR M ANC E
31
Driving impact through action
APPE N D I X
PAR TNE R SHIP 9 82
Delivering impact together
Tracking progress towards our goals
GET TO KNOW EXPRO
Our 2025 Sustainability Review
PARTNERSHIP
PRINCIPLES
PERFORMANCE APPENDIX 4
G E T TO K N OW E X PRO
Through adaptable, innovative technologies and forward-thinking solutions, we are helping to ensure long-term success in a dynamic environment.
Our commitment to sustainability is powered by our culture to innovate with purpose. This allows us to adapt and invest in our technologies and expertise to reduce emissions, and unlock new sources of lower carbon energy, for both Expro and our customers.
A letter from our Chief Executive Officer
A letter from our
Director of Sustainability, Marketing and Communications
Partnering to unlock energy for over 85 years
Our global portfolio
Our 2025 Sustainability Review
PARTNERSHIP
PRINCIPLES
PERFORMANCE APPENDIX 5
GET TO KNOW EXPRO
A letter from our Chief Executive Officer
To our shareholders, customers, employees, and communities,
The global energy system continues to evolve at pace. Demand for reliable, affordable energy is growing, even as expectations around emissions reduction, environmental performance, and transparency continue to rise. Meeting these dual priorities, energy security and environmental responsibility, requires realism, innovation, and operational discipline.
At Expro, our role is clear. We deliver the technologies, services, and expertise that enable our customers to develop and manage energy resources safely, efficiently, and responsibly across the full well lifecycle. Sustainability is not separate from this mission, it is embedded in how we operate, invest, and create long-term value.
Throughout 2025, we continued to translate strategy into delivery. Our focus remained on deploying proven technologies that improve well efficiency, reduce uncertainty, and lower emissions intensity; advancing diagnostics-led decision-making; and supporting safe intervention, decommissioning, and well integrity. In parallel, we applied these capabilities to energy transition applications such as carbon management and geothermal, where our expertise can be deployed pragmatically and at scale.
Safety remains our first priority. In 2025, Expro achieved two consecutive years without a Lost Time Injury, reflecting the strength of our safety culture
and the daily commitment of our people operating in complex environments around the world.
Environmental stewardship and strong governance remain central to our license to operate. During
the year, we advanced programs to reduce operational emissions, strengthen environmental management systems, and enhance transparency through decision-useful reporting aligned
with evolving regulatory expectations.
None of this progress would be possible without the dedication of our people. Across every region, Expro teams continue to demonstrate professionalism, ingenuity, and resilience in delivering for our customers and contributing positively to the communities where we work.
Looking ahead, oil and gas will remain essential components of the global energy mix. Companies like Expro play a critical role in making their development safer, more efficient, and less carbon intensive. Our focus remains on supporting our customers, investing in technology, and operating responsibly - creating
long-term value through disciplined, sustainable growth.
Michael Jardon
Chief Executive Officer
Our 2025 Sustainability Review
PARTNERSHIP
PRINCIPLES
PERFORMANCE APPENDIX 6
GET TO KNOW EXPRO
A letter from our Director of Sustainability, Marketing and Communications
Sustainability at Expro is driven by purposeful action - translating strategy into measurable progress across our operations, solutions, and culture. In 2025, we continued to strengthen how sustainability is integrated across our business, supporting performance today while positioning Expro for long-term resilience and growth.
As a global provider of energy services and solutions, our work sits at the intersection of energy security, environmental stewardship, and economic development. Our sustainability strategy reflects this balance and is guided by four interconnected priorities: enabling lower-carbon outcomes for
our customers, reducing the environmental footprint of our own operations, maintaining strong governance and ethical standards, and fostering
a safe, inclusive, high-performing culture.
Supporting customers in reducing the environmental impact of energy production remains a central
focus. Across the well lifecycle, our technologies enable improved efficiency, diagnostics-led
decision-making, methane mitigation, and operational optimization. As demonstrated throughout this report, these solutions are delivering tangible outcomes, reducing emissions intensity, improving resource efficiency, and supporting responsible production, intervention, and decommissioning.
Internally, we continued to strengthen the sustainability of our own operations through initiatives focused on energy efficiency, fleet and logistics optimization, waste
management, and environmental management systems. These efforts are underpinned by disciplined processes and improving data quality, enabling more accurate performance tracking and continued improvement.
We also strengthened our approach to climate-related risk management, integrating physical and
transition-related considerations into governance and business planning. Transparency remains central to our approach, with responsive reporting to recognized frameworks and evolving disclosure expectations.
Our progress is driven by our people. In 2025, Expro achieved two consecutive years without a Lost Time Injury, a milestone reflecting strong leadership, disciplined systems, and active
employee engagement. More broadly, employees across the organization contribute ideas and actions that improve safety, reduce environmental impact, and strengthen performance every day.
This Sustainability Review reflects both our progress and our mindset: committed, accountable, and forward-looking. While there is more work to do,
we are confident in our direction and focused on continuous improvement as we continue this journey.
Hannah Rumbles
Director of Sustainability, Marketing and Communications
GET TO KNOW EXPRO
7
Our 2025 Sustainability Review
PARTNERSHIP
PRINCIPLES
PERFORMANCE
APPENDIX
Partnering to unlock energy for over 85 years
Our Scope
+60
Countries
+7K
Employees
75
Nationalities
+85
Years experience
Our Business
XPRO
NYSE
Headquartered in Houston,
Texas and domiciled in the Netherlands
Our Revenue
~80%
International
~70%
Offshore
~70%
Drilling and completions related
Our Safety Performance
Lost Time Incident Frequency (LTIF) (per million hours worked):
0.00
Total Recordable Case Frequency (TRCF) (per million hours worked):
0.37
Service-Quality Leader A Diverse Set Of Global Capabilities
WELL CONSTRUCTION
2025 customer service, quality, and customer job performance rating:
WELL MANAGEMENT
94%
Well Flow Management
North and Latin America (NLA)
Subsea Well Access
Well Intervention And Integrity
95%
Europe, Sub Saharan Africa (ESSA)
SUSTAINABLE
ENERGY SOLUTIONS
95%
Middle East and North Africa (MENA)
97%
Asia Pacific (APAC)
Our Sustainability Ratings
AA B
Medium
Dates and statements in this report reflect the Company's views as of and for the year ended 31 December 2025, unless otherwise stated. This report provides highlights of our sustainability activities during this year; it is not a comprehensive description of all such activities. "Medium" indicates a moderate level of unmanaged, financially material ESG risk, based on Morningstar Sustainalytics' assessment of ESG risk exposure and management. Job performance rate is based on the key indicators: Health, Safety, and Environment (HSE), Communication, Equipment Performance, Personnel Performance, and Job Planning and Delivery, and is compiled from the responses contained in job performance forms and feedback provided by our clients.
GET TO KNOW EXPRO
8
Our 2025 Sustainability Review
PARTNERSHIP
PRINCIPLES
PERFORMANCE
APPENDIX
Our global portfolio
Working for clients across the well lifecycle, Expro is a leading provider of energy services, delivering cost-effective, innovative solutions with what we consider to be best-in-class safety and service quality.
With roots dating back to 1938, we employ approximately 7,000 employees (as of 31 December 2025) and provide services and solutions to
leading exploration and production companies in both onshore and offshore environments in roughly 60 countries. Our four operating regions include North and Latin America (NLA), Europe and Sub-Saharan Africa (ESSA), Middle East and North Africa (MENA), and Asia Pacific (APAC).
Combining innovative, future-facing technologies with high-quality data, our services and solutions help customers cost effectively develop their most complex wells, enhancing production efficiency, and pursue lower-carbon energy opportunities. Through adaptable and forward-thinking strategies we support long-term success by reducing operational costs and emissions in an evolving market landscape.
WELL CONSTRUCTION
Our Well Construction portfolio supports customers' drilling, completion, recompletion, and plug and abandonment (P&A) requirements. We deliver advanced technology Tubular Running Services, cementing, and performance drilling.
With a focus on innovation, we are continuing to advance the way wells are constructed through our efforts to optimize safety and process efficiency on the rig floor, develop new methods to handle and install tubulars, and mitigate well integrity risks.
Since acquiring Coretrax in 2024, we expanded our offering to include more than 50 differentiates, technology enabled solutions that help:
Address challenges commonly encountered during drilling
Optimize drilling and completion times to reduce costs
Extend well life
Increase production efficiently and cost-effectively
WELL MANAGEMENT
Well Flow Management
We gather valuable well and reservoir data with a particular focus on well site safety and environmental impact. We provide global,
comprehensive well flow management systems for the safe production, measurement, and sampling of hydrocarbons from a well during the exploration
and appraisal phase of a new field, the flowback and clean up of a new well prior to production, and in-line testing of a well during production life. We provide:
Early production facilities to accelerate production
Production enhancement packages to enhance reservoir recovery rates through the realization of production that was previously locked within the reservoir
Metering and other well surveillance technologies to monitor and measure flow and other characteristics of wells
Subsea Well Access
With more than 40 years of experience providing a wide range of fit-for-purpose subsea well access solutions, our technology aims to provide safe well access and optimized production throughout the well lifecycle. We deliver reliable, efficient,
and cost-effective subsea well access systems for exploration and appraisal, development, intervention, and abandonment, including an
extensive portfolio of Subsea Test Tree Assemblies and a rig-deployed Intervention Riser System.
An International Footprint
Asia-Pacific (APAC)
Middle East And North Africa (MENA)
Europe And Sub-Saharan Africa (ESSA)
North And Latin America (NLA)
We offer systems integration and project management services. The 2023 acquisition of PRT Offshore expanded our offering to include a complete Hook-to-Hanger™ solution enabling safe, efficient well completions, interventions, and decommissioning from surface to subsea, while significantly reducing personnel on board.
Well Intervention And Integrity
Our well intervention solutions support well bore integrity, enhance production, and enable high-resolution downhole diagnostics. In addition to our extensive fleet of mechanical and cased hole wireline units, we offer cost-effective, innovative well intervention services, including CoilHose™, a lightweight, small-footprint solution for wellbore lifting, cleaning and chemical treatments; Octopoda™, for fluid treatments in wellbore annuli; and the Distributed Fiber Optic Sensing (DFOS), utilizing what we believe to be the most advanced well diagnostics platform currently on the market.
SUSTAINABLE ENERGY SOLUTIONS
As the energy industry embraces transition, we believe the key enablers to change will be those who can differentiate themselves as solutions providers. At every level of the energy collection process, Expro strives to work together with
our customers to develop and deploy the right solutions to help contribute to a lower carbon world. We are dedicated to utilizing data, technology, and innovation to reduce our own carbon footprint and support our customers to achieve their carbon reduction goals.
Unlocking Europe's geothermal and lithium potential
PAR TNE R SHIP
Velonix™: intelligent automation for safer, cleaner, and more reliable pipeline operations
Partnering with our clients to create innovative, sustainable solutions that drive
meaningful impact, foster long-term growth, and support a more resilient future.
Delivering impact together
9
APPENDIX
PERFORMANCE
PRINCIPLES
PARTNERSHIP
GET TO KNOW EXPRO
Our 2025 Sustainability Review
Enabling offshore carbon storage through data-led well testing
From well test to early production: unlocking long-term value
Guyana - community and partnerships
Flare elimination in action
Zero flaring well testing: cutting methane, creating value
Our 2025 Sustainability Review GET TO KNOW EXPRO
PRINCIPLES
PERFORMANCE APPENDIX 10
AT A GLANCE: ZERO FLARING WELL TESTING IMPACT
Emissions Avoided
~13K
Tonnes CO₂e
Prevented from being released through the recovery of associated methane during well testing operations (2023-2025).
Gas Recovered
200
MMscf of methane
Captured and exported to existing production pipelines instead of being flared.
Value Created
680K
US$
In additional revenue generated from gas that would otherwise have been wasted.
PARTNERSHIP
Zero flaring well testing: cutting methane, creating value
Routine flaring during well testing remains a significant source
of avoidable emissions across upstream operations. As operators accelerate efforts to reduce carbon intensity, well testing is increasingly being reexamined - not as an unavoidable emissions source, but as an opportunity to recover value and reduce environmental impact.
In the Middle East and North Africa region, an upstream operator, committed to the World Bank's Zero Routine Flaring by 2030 initiative, needed a practical, scalable solution to eliminate flaring during well-testing while maintaining safety, reliability, and production integrity.
Re-thinking Well Testing
The challenge was to recover associated methane generated during well testing and export it to existing production pipelines, while preventing solids contamination and maintaining safe operations across multiple well sites.
Expro delivered a mobile zero flaring well testing package, integrating solids management,
separation, gas measurement and temporary export infrastructure. Gas was separated from produced fluids and diverted directly to production pipelines using temporary pipework or reinforced thermoplastic pipe (RTP), providing a flexible alternative to flaring across varying site layouts and distances.
The system incorporated technologies specifically selected to prevent solids and contaminants from reaching downstream gas processing facilities, providing gas quality and asset protection. A compact equipment footprint allowed the full setup to fit within existing well pad boundaries, supporting efficient deployment and minimizing site disturbance.
Measurable Impact At Scale
Zero flaring operations began in 2023 and have been carried out continuously across multiple well sites through to the present day. Over this period, the results have been significant. Expro's solution has delivered sustained environmental and operational benefits
- recovering gas that would otherwise have been flared, while maintaining safe, reliable performance.
All operations were completed with zero
non-productive time and no lost-time incidents, demonstrating that emissions reduction can be achieved without introducing additional operational risk.
By enabling the recovery and monetization of associated gas during well testing, the solution supported the operator's decarbonization objectives while generating tangible economic value.
Enabling Lower-Carbon Operations Today
This project demonstrates how proven well flow management expertise can be applied in new ways to address one of the industry's most immediate emissions challenges. By transforming well testing into a zero flaring operation, Expro is helping operators reduce methane emissions, improve resource efficiency and deliver measurable progress toward a lower-carbon energy system.
well testing
Operations across multiple well sites since 2023
incidents
Our 2025 Sustainability Review GET TO KNOW EXPRO
PRINCIPLES
PERFORMANCE APPENDIX 11
PARTNERSHIP
From well test to early production: unlocking long-term value
Recovering gas, harvesting rainwater and integrating solar power for low carbon early production.
In Colombia, a collaborative partnership between Expro and Ecopetrol has transformed a short term well testing campaign into a fully functioning production site - demonstrating how innovation, flexibility and shared sustainability goals can unlock long-term value.
Recognized by Ecopetrol as a strategic discovery, the asset is estimated to hold recoverable reserves of approximately 250 million barrels, making it one of Colombia's most significant finds of the past decade.
Developing the resource efficiently and responsibly from the earliest stages was therefore a critical priority.
Operating in a remote location without access to central processing infrastructure, the project
started as a short-term well test and evolved into an early production facility (EPF), enabling on site processing and direct delivery of crude oil into the
sales pipeline, while minimizing environmental impact.
This transition reduced logistical complexity, eliminated the need for additional downstream treatment and supported compliance with local commercialization requirements - all while maintaining high standards
of safety, quality and environmental performance.
KEY STATS
Recovering Energy At Site
A key element of the project's success was the recovery and reuse of gas generated during production. Rather than flaring this gas, Expro adapted equipment so that recovered gas could be used to power boilers and support steam generation for refining the crude oil.
By reusing energy already available on site, the project significantly reduced flaring and associated emissions, while improving overall efficiency. Up to 40% of the gas produced is now reused - turning an operational by product into a valuable resource.
Integrating Solar Power
To further reduce reliance on fuel generated electricity, solar energy was incorporated into the site design.
Solar panels now provide power for lighting and control systems, supporting day-to-day operations and increasing resilience in a remote environment.
This integration demonstrates how renewable energy can be embedded into production facilities in a practical, low disruption way - contributing to emissions reduction without compromising operational reliability.
Beneficial Re-Use Of Water
Water stewardship was another important focus of the partnership. Steam generation requires a dependable water supply, which was achieved by repurposing existing infrastructure on site.
A contingency pond originally designed for rainwater collection was converted to supply water for the boiler
system. By harvesting and reusing rainwater, the project reduced the need for freshwater abstraction while making beneficial use of an existing asset.
Delivering Impact Through Partnership
The combined use of recovered gas, solar energy and harvested rainwater has delivered measurable environmental and economic benefits. Together, these initiatives have resulted in an estimated 1,200 tonnes of CO₂ avoided per year, alongside annual cost savings of approximately US$ 360,000.
Beyond environmental performance, the project has delivered lasting social value. A local workforce was integrated into operations and trained by Expro, building technical capability while embedding company values around safety, quality, and sustainability. This approach supports long-term skills development and creates enduring benefits for the surrounding community.
Crucially, the project was designed and implemented entirely by a 100% Colombian team, reinforcing
local content and in-country expertise. Activities were delivered in compliance with local authorities and environmental regulations, as well as national safety, quality and boiler operation standards.
Together, the partners demonstrate how sustainability outcomes are strongest when teams work collaboratively - from well testing through to production - embedding environmental
considerations into every stage of decision making.
"This project shows how well testing can evolve into a lower carbon
~1,200
Tonnes CO₂e
Estimated annual reduction
360K
US$
Estimated annual savings
700K+
Barrels of crude oil
Produced
production solution through strong partnerships and practical innovation."
Our 2025 Sustainability Review GET TO KNOW EXPRO
PRINCIPLES
PERFORMANCE APPENDIX 12
PARTNERSHIP
Flare elimination in action
Recovering associated gas to cut emissions, support energy
security, and create shared value.
At a remote production site in North Africa, Expro partnered with an operator to address routine flaring at a satellite gathering station. Associated gas produced alongside oil had historically been flared due to the lack of processing infrastructure - resulting in avoidable emissions and lost economic value.
Through close collaboration and a shared commitment to sustainability, we delivered a practical solution: a modular flare gas recovery facility designed to capture, process, and repurpose associated gas. The project demonstrates how partnership led execution can turn an environmental challenge into a lower carbon energy solution.
The Challenge: Routine Flaring In A Remote Location
The site gathers production from multiple wells in a remote desert environment. Without access to gas processing infrastructure, associated gas was routinely flared, increasing greenhouse gas emissions and exposing the operator to regulatory and commercial risk.
The operator sought a fast track solution that could eliminate flaring, align with national climate commitments, and unlock the value of gas that was previously wasted - without compromising safety or operational reliability.
A Collaborative, Fast Track Solution
Expro worked closely with the client to design, deliver, and commission a dedicated flare gas recovery facility. The modular plant receives gas from a high pressure separator and boosts it for export to an existing processing network, eliminating routine flaring at the site.
Delivered on a lease, operate, and maintain basis, the facility was engineered for rapid deployment and
long-term performance. Automated control systems and realtime monitoring support safe, efficient operations while enabling continuous optimization.
Speed and efficiency were central to the project's success. Through close collaboration with
the customer and our dedicated engineering teams, front end engineering and design (FEED) was completed early, ahead of operations.
This early alignment streamlined procurement, construction and commissioning activities, enabling first gas to be processed within 18 months of receiving the call-off order.
Reducing Emissions Through Smarter Energy Use
Further emissions reductions were achieved by replacing diesel powered systems with gas generators. Recovered associated gas is now
used to generate electricity on site, powering the facility itself and reducing fuel consumption.
This integrated approach improves efficiency, lowers operating costs, and reduces the overall carbon footprint - demonstrating how recovered energy
can be put to productive use rather than wasted.
Delivering Measurable Impact
By capturing gas that would otherwise have been flared, the project avoids an estimated 800 tonnes of CO₂e
per day, equating to approximately 292,000 tonnes of CO₂e per year. Over the three year contract period, this represents more than 876,000 tonnes of CO₂e avoided.
In parallel, the project has transformed waste gas into a valuable energy resource. Approximately 400,000 cubic meters of gas per day are now recovered and processed, supporting domestic energy security, enabling export opportunities, limiting regulatory exposure, and generating an estimated USD 16 million in value per year.
Building Local Value Through Partnership Local collaboration played a central role in the project's success. More than 95% local content was achieved across construction, operations, and maintenance, supporting employment, skills development, and long-term in country capability.
Since start-up, the facility has achieved ~100% uptime, zero nonproductive time, and no lost time incidents-reinforcing that strong environmental performance and operational excellence can be delivered together.
By working in partnership from concept through to operations, Expro and its client demonstrated how collaborative approaches can eliminate routine flaring, reduce emissions, and deliver lasting value for the environment, the economy, and the communities where we operate.
~400K
Cubic meters gas
Recovered per day
~800
Tonnes CO₂e
Avoided per day
~292K
Tonnes CO₂e
Avoided per year
>95%
Local workforce
A modular flare gas recovery facility transformed waste gas into a valuable energy resource -
Our 2025 Sustainability Review GET TO KNOW EXPRO
PRINCIPLES
PERFORMANCE APPENDIX 13
PARTNERSHIP
Enabling offshore carbon storage through data-led well testing
As the global energy sector accelerates toward a lower-carbon future, carbon dioxide abatement and removal technologies are no longer aspirations - they are necessities.
Among the most ambitious undertakings is the UK's Northern Endurance Partnership (NEP), a critical initiative shaping the future of carbon capture and storage (CCS) in the North Sea. And supporting this mission is Expro, a company quietly but powerfully writing the playbook for offshore well testing.
Enabling The UK's Net Zero Vision
Formed by a consortium of energy heavyweights, NEP is laying the backbone infrastructure for transporting and permanently storing CO₂ beneath the North Sea. This pioneering development will support a network of decarbonization projects, advancing the UK's strategy to capture and store between 20-30 million tonnes of CO₂ per year
by 2030, and up to 50 million tonnes by 2035.
In 2025, Expro was awarded a significant contract to deliver integrated well testing services for
NEP. The scope includes production and injection testing of two appraisal wells in the Endurance reservoir - an essential phase to determine
their viability for long-term CO₂ storage.
Read the case study: Expro leads the way with carbon storage well testing
Testing The Foundations Of A New Industry Understanding whether a reservoir can safely and efficiently store CO₂ over decades is not a trivial matter. While saline aquifers hold vast storage potential, their geology is often uncharacterized. Comprehensive testing is vital to reduce reservoir
uncertainties and understand key properties of subsurface formations and fluid dynamics.
Expro's well testing capabilities - refined over decades in oil and gas - are now being repurposed to support this emergent CCS frontier. The company brings a deep bench of expertise, industry-leading equipment, and a global footprint, making it the partner of choice for complex, high-stakes offshore operations.
A Proven Track Record In The North Sea Expro's recent CCS credentials are unrivalled, particularly in the North Sea, the world's leading offshore CCS hub. The company has supported
Equinor's Northern Lights and Smeaheia projects, as well as Harbour Energy's Havstjerne development, delivering three successful well tests in the first
half of 2025 alone. This track record has continued to grow, with further well testing planned in Denmark later this year and a partnership with NEP commencing this year, underscoring the trust
operators place in Expro to deliver reliable, data-rich testing under demanding offshore conditions.
50 MtCO₂e is equivalent to
~50%
of UK road transport emissions in 2023
Data-Driven Decisions For Time-Critical Targets
Government mandates across the UK and EU have set the clock ticking. As part of its Net Zero Industry Act, the EU's legally binding target to store 50 million tonnes of CO₂ annually by 2030 means that every test well drilled today must seek to deliver maximum value, providing robust data and reducing risks for future field developments.
Expro's integrated Well Flow Management and Subsea Well Access services enable operators to efficiently gather the high-quality data needed to make informed development decisions. By getting operations right the first time, project developers can shorten the time from appraisal to first injection, helping secure early contracts with European emitters and stay ahead in a competitive market.
Shaping The Global Future Of CCS
James Yard, CCUS Development Manager, said: "As a flexible, safety-focused solutions provider, Expro is well positioned to support the rollout of CCS beyond the UK and Norway. With operations across key markets and a scalable service model, the company is exporting its North Sea expertise to accelerate global decarbonization goals."
"From first appraisal to full-scale deployment, Expro is setting a new standard for CCS well testing - delivering the certainty to permanently lock away CO₂."
"From first appraisal to full-scale deployment, Expro is setting a new standard for CCS well testing - delivering the certainty to permanently lock away CO₂."
James Yard, CCUS Development Manager
Our 2025 Sustainability Review GET TO KNOW EXPRO
PRINCIPLES
PERFORMANCE APPENDIX 14
PARTNERSHIP
Unlocking Europe's geothermal and lithium potential
As Europe accelerates its transition to a lower-carbon energy system, geothermal energy is emerging
as a critical enabler - offering reliable, baseload renewable power while supporting access to strategic raw materials essential for electrification.
In Germany, one of Europe's most ambitious geothermal and lithium developments is taking shape. The Lionheart Project, recently recognized under the European Union's Critical Raw Materials Act, represents the largest integrated geothermal and lithium extraction program of its kind on the continent. At the heart of this project is a focus on
innovation, collaboration and the application of proven subsurface expertise to new energy systems.
Supporting A Strategic Energy Transition Project
Expro is supporting the Lionheart Project through a Master Services Agreement with VERCANA GmbH (part of Vulcan Energy Resources GmbH), alongside a contract award to deliver well testing services for the Schleidberg cluster - one of the first developments within the wider project.
The work will support the characterization of geothermal reservoirs and the evaluation of fluid properties, enabling the development of
high-performance geothermal energy and lithium extraction. These activities are fundamental
to ensuring that geothermal resources are developed efficiently, safely and at scale.
Applying Proven Technologies In New Ways Central to Expro's scope is the deployment of its GeoFlow™ Surface Well Testing package, combined with wireline logging and integrated data acquisition capabilities. While these technologies are well established in traditional energy applications, their
adaptation to geothermal environments reflects how existing oilfield expertise can be repurposed to support low-carbon energy systems.
By delivering high-quality data from the earliest stages of development, well testing plays a critical role in reducing uncertainty, improving reservoir understanding and supporting informed decision-making - key factors in the long-term viability of geothermal projects.
Building On Decades Of Geothermal Experience
Expro has been servicing geothermal projects for more than 40 years, with a growing portfolio across Europe. The Lionheart Project builds
on this experience, following the recent successful delivery of well testing services for an independent project developer in Germany.
The work will be delivered by Expro's Europe, Mediterranean and Caspian team, drawing on expertise from across the company. This integrated approach allows knowledge and capability developed over decades to be applied to emerging energy systems with similar technical challenges.
Enabling Sustainable Energy And Critical Materials Geothermal developments like Lionheart demonstrate how subsurface engineering can support multiple sustainability objectives simultaneously - providing renewable heat and power while enabling access to critical materials such as lithium, which is essential for battery technologies and the wider energy transition.
As Europe seeks to strengthen energy security and reduce reliance on imported raw materials, projects of this scale will play an increasingly important role. Expro's involvement reflects its continued commitment to supporting the energy transition with scalable, high-impact solutions that contribute to a lower-carbon future.
By adapting proven technologies, working in close partnership with clients, and applying deep technical expertise to new challenges, Expro is helping to unlock the full potential of geothermal energy - supporting Europe's transition today while laying the foundations for tomorrow.
Read the press release: Expro to deliver geothermal well testing services for groundbreaking Lionheart Project in Germany
Our 2025 Sustainability Review GET TO KNOW EXPRO
PRINCIPLES
PERFORMANCE APPENDIX 15
PARTNERSHIP
Velonix™: intelligent automation for safer, cleaner, and more reliable pipeline operations
Delivering sustainable performance through intelligent flow control and partnership.
As the energy sector continues to balance production demands with accelerating sustainability commitments, operators are increasingly turning to digital
automation to unlock safer, cleaner and more efficient operations. In 2025, Expro's Velonix™ Optimized
Pig Control System emerged as a key technology in helping partners reduce emissions, improve asset integrity and substantially cut operational risk.
Built around state of the art SONAR measurement and automated closed loop flow control, Velonix is designed to deliver precise and consistent Pipeline Inspection Gauge (PIG) velocity management across diverse pipeline environments. Whether deployed on low-, high-, or no-flow lines, the system can enhance data quality, minimize operator exposure and strengthen the reliability of inline inspections.
SUSTAINABILITY IMPACT
69K
Tonnes CO₂e
Avoided by transitioning from cold venting to flaring
Transforming Pigging Through Intelligent Automation
Traditionally pipeline pigging has required intensive manual intervention to approximate the correct flow velocity, requiring operators to closely monitor flow and intervene continually, resulting in inconsistent pig speeds, increased emissions from reruns, and greater worker exposure. Velonix transforms this process through automating and stabilizing the process.
By continuously measuring velocity via clamp-on SONAR and adjusting flow through a digital
skid that is controlled by the Programmable Logic Controller (PLC), Velonix enables:
Ideal, stable, consistent pig velocities
Improved inspection data quality, reducing pipeline integrity uncertainty
Reduced emissions by eliminating unnecessary in-line inspection (ILI) reruns
Lower personnel exposure through reduced manual intervention
Increased operational reliability and faster response times
These benefits combine materially to reduce the carbon footprint of routine pipeline integrity work, making Velonix not only a technical
asset but a sustainable accelerator.
OPERATIONAL VALUE
187K
US$
Saved in natural gas waste
Partnership In Practice
In 2025, a long-standing Expro client operating a 30 inch, 60 mile natural gas pipeline required
support for a critical integrity inspection in a no flow environment. Delivering the correct pig velocity
in such conditions is particularly challenging -historically requiring substantial gas flaring to create enough force to push the tool through the line.
Rather than relying on the client's initial request for 100 MMSCFD flare support, Expro proposed a smarter, more sustainable solution.
By reducing pipeline pressure to around 475 psig, the required flow rate was significantly lowered while
maintaining the necessary pig velocity - resulting in a substantial reduction in emissions. Through deploying
Velonix's automated control system, Expro enabled the
A Flexible, Scalable Technology For Modern Pipeline Integrity
Velonix's modular and nonintrusive architecture means it can be deployed quickly across a
wide range of pipeline diameters and operating conditions. The system's mobile, bolt on nature reduces infrastructure requirements, while its ability to integrate with other Expro technologies, such as flarestacks artificial propulsion, makes
it adaptable to a broad operational envelope.
The result is a solution that not only improves technical performance but also strengthens longterm integrity planning and reduces emissions associated with traditional pigging practices.
Delivering On Sustainability Through Partnership As the industry advances toward lower carbon operational profiles, collaboration between technology partners and operators will continue
to drive meaningful progress. Velonix embodies this collaborative approach, offering a proven, data driven system that improves performance
while delivering measurable sustainability gains.
Read the case study: CO₂ and cost savings delivered through optimized pig velocity control with Expro's Velonix™
3K 1.1M
pig to run smoothly and accurately, eliminating speed excursions and avoiding the need for costly reruns.
In 2025, Velonix helped operators cut waste, reduce emissions, improve safety and enhance data quality.
Tonnes CO₂e
Reduced through optimized pressure control
US$
In potential savings by avoiding an ILI rerun
The client praised the outcome, noting the precision of the speed control and the value of real-time data
visibility, highlighting Velonix as an enabling technology for pigging low-, variable or no-flow pipelines.
As more organizations adopt intelligent automation across their pipeline networks, the technology's impact will continue to grow, supporting safer operations today and a lower carbon energy system tomorrow.
Our 2025 Sustainability Review GET TO KNOW EXPRO
PRINCIPLES
PERFORMANCE APPENDIX 16
PARTNERSHIP
Guyana - community and partnerships
A year of impact, connection, and purpose.
Expro Guyana's 2025 journey towards enhancing local environmental sustainability reflects far more than a collection of activities; it embodies the true meaning of serving with purpose. Throughout
the year, our team demonstrated that meaningful impact is created when people willingly show up for one another, stand with their communities, and work together toward shared progress.
Through strong partnerships with organizations such as the Rotary Club of Demerara, the Salvation Army, the Guyana Cancer Foundation, and the National Blood Transfusion Center, we extended our reach while contributing towards community development. These collaborations allowed us
to strengthen access to healthcare, education, environmental protection, and social support for some of the most vulnerable groups in our society.
At the same time, we recognize that impactful sustainability work begins internally. We believe that giving back to the community is paramount, but we also think that our ability to serve outwardly is strengthened when we care for our own people. For this reason,
2025 included a deliberate focus on mental health and employee wellbeing, with initiatives designed to create safe, supportive, and nurturing spaces for our staff. Whether through mental health breaks,
creative expression activities, charades sessions, or open conversations about emotional resilience, we emphasized that caring for our workforce is just as important as caring for the communities around us.
KEY STATS
Our volunteers consistently embraced each initiative with compassion and determination. Whether waking up at dawn to clean the Kingston seawall, offering support to families in need, uplifting children during festive seasons, or walking in solidarity for breast cancer awareness, our team leaned fully into each opportunity to support and give back. Their actions demonstrated that kindness, empathy, and
a willingness to participate can transform lives, often beginning with simple, heartfelt gestures.
Environmental advocacy also remained a focus throughout the year, with cleanups and sustainable donation efforts reinforcing our duty to protect natural spaces and promote conscious living, contributing
to a healthier future for generations to come.
In 2025, we strengthened communities, supported one another, and reaffirmed our belief that when people unite with care and intention, powerful and lasting change follows. With over 70 employees volunteering across 11 initiatives, the team achieved over 3,000 volunteer hours in 2025. This level of participation illustrates the strong commitment of our workforce, who consistently showed up to support, engage, and contribute to meaningful community development efforts. Expro Guyana's commitment and enthusiasm across each and every initiative highlights what it truly means to be a citizen of the world.
Pause For A Cause
At the start of the year, Expro Guyana set the tone with a purposeful Mental Health Break designed to support employee wellbeing in an increasingly fast-paced
work environment. For one hour, our team stepped away from daily operational pressures. What made this hour significant was not the refreshments but the reminder that taking time for oneself is essential to sustained performance. The sound of laughter and
light conversation created a refreshing pause which re-energized employees for the rest of the day. The session also served as a moment to reinforce the importance
of our Employee Assistance Program (EAP), reminding staff that confidential support is always available.
11
Initiatives
70
Employee volunteers
3,000+
Give Blood, Save A Life
In January, Expro Guyana proudly hosted a blood drive in partnership with the National Blood Transfusion Center (NBTC). The medical team visited our base to facilitate a seamless donation process for staff volunteers. Their message was powerful: one unit of donated blood can save up to three lives, and with someone in Guyana needing blood every two seconds, the need is constant and urgent.
Beyond saving lives, the initiative also highlighted the personal health benefits of blood donation, such as improved
cardiovascular health and the fulfillment of giving back. Employees not only contributed to the national blood supply but also experienced a sense of purpose knowing their donation directly supported those in need.
Volunteer hours in 2025
17
APPENDIX
PERFORMANCE
PRINCIPLES
Our 2025 Sustainability Review
GET TO KNOW EXPRO
PARTNERSHIP
Guyana - community and partnerships
Clothing Drive - Supporting The Salvation Army Our Clothing Drive focused on supporting individuals and families facing financial hardship through the Salvation Army Guyana. Employees were encouraged to sort through their closets and donate gently used clothing, transforming simple household items into meaningful assistance for those who need it most.
This initiative was rooted in compassion but also aligned with our sustainability priorities. Donating clothes can extend their lifecycle, reduce textile waste, and minimize environmental burden. For the recipients, the donated clothing offered dignity, warmth, comfort, and renewed confidence.
Easter Kites And Snacks Distribution
Breast Cancer Awareness
Walk And Office Awareness Session
Expro Guyana proudly participated in the Guyana Cancer Foundation's Annual Breast Cancer Awareness Walk. Surrounded by hundreds of fellow participants, our team walked with purpose to support awareness and encourage early detection.
Following the walk, we hosted a Breast Cancer Awareness Talk at our office, where employees learned about risk factors, self-examinations, and accessible resources. Personal stories shared during the session strengthened our collective commitment to health advocacy.
Pause For A Cause
For Mental Health Awareness Day, our team gathered for a lively and uplifting charades session. This simple yet meaningful
activity created joy, strengthened team spirit, and reminded us of the importance of prioritizing emotional wellbeing.
By dedicating time to celebrate mental health, we reinforced our people-first culture and supported open discussions around personal wellbeing.
Back To School, Forward With Love
Ahead of the new school year, Expro Guyana once again returned to the St. John Bosco Orphanage to offer support. Based on the administrator's request, our team provided essential school supplies along with church attire, helping the boys be prepared both academically and spiritually.
The children's smiles and enthusiasm reinforced the meaning behind this initiative: every act of generosity helps create opportunity, stability, and encouragement.
Medical Outreach At
St. John Bosco Orphanage
In partnership with the Rotary Club of Demerara, Expro Guyana supported a medical outreach program for children at the St. John Bosco Orphanage.
Volunteer medical professionals performed health checks and addressed essential wellness needs.
Expro complemented the initiative by donating dental hygiene
backpacks packed with toothbrushes, toothpaste, floss, mouthwash, and wipes. These items will help the
boys maintain good oral hygiene and build lifelong healthy habits.
Located just a short distance from our base, Container City is home to many families experiencing economic difficulties. In Easter 2025, our employees came together to bring joy to the children of this community by donating funds
to purchase locally made kites and snacks.
The children's excitement was unmistakable. Their joy as they flew their colorful kites and enjoyed their treats created heartwarming memories for both the children and our volunteers. This initiative reinforced the importance of kindness and community care.
Kingston Seawall Cleanup
Our environmental stewardship efforts continued with another early-morning Kingston Seawall Cleanup. At 6 AM, volunteers gathered to remove litter and debris along the coastline, contributing directly to the preservation of Guyana's marine and shoreline ecosystems.
A noteworthy change throughout repeated cleanups is the gradual reduction in the amount of litter collected. This encouraging trend suggests shifting community habits -perhaps influenced by the visibility of our cleanups and consistent advocacy.
Time Out For Mental Health
In July, our Games and Arts initiative offered employees a refreshing and creative pause from daily demands. Activities encouraged self-expression and connection, helping employees decompress while strengthening team relationships.
These moments underscored our commitment to fostering an emotionally supportive and mentally healthy workplace.
PRINCIPLES
Our 2025 Sustainability Review GET TO KNOW EXPRO PARTNERSHIP
PR IN CIPLE S
Leading with integrity and sustainability
PERFORMANCE APPENDIX 18
Our robust governance, responsible business practices, and commitment to sustainability drive long-term success for our people, partners, and communities.
G OVE RN AN CE SU STAI N AB I LIT Y TARG ETS
CO MME RCIAL
SU STAI N AB I LIT Y
SU STAI N AB LE
E N E RGY SOLU TION S
Our Board
Our approach to sustainability
Enterprise risk management and execution
Our 2025
environmental targets achieved
Progressing decarbonization
Building momentum and scaling impact: 2026-2030
Sustainable Energy Solutions
Our program to support Company-wide compliance
Aligning strategy with impact
Partnering with stakeholders to guide our sustainability strategy
PRINCIPLES
Our 2025 Sustainability Review GET TO KNOW EXPRO PARTNERSHIP PERFORMANCE APPENDIX 19
Our Board
The Board of Directors (Board) is actively involved in oversight of risks that could affect the Company.
Expro is incorporated in The Netherlands. Under Dutch law, only a non-executive director can be the Chair of the Board. The Board believes this structure promotes increased Board independence from management and therefore, leads to better monitoring and oversight.
The Board currently has three standing committees: the Audit Committee, the Compensation Committee and the Nominating and Governance Committee.
Each of the three committees is composed of independent directors and has the composition and responsibilities described below. The Board may decide in the future to create additional committees. The Board also includes a non-executive member of the Board who, for 10 years as a regulator, oversaw
U.S. listed public company governance and disclosure at the U.S. Securities and Exchange Commission.
Audit Committee
The Audit Committee oversees, reviews, acts on and reports to the Board on various auditing and accounting matters, including: the selection of the Company's independent accountants; the scope of the Company's annual audits; fees to be paid to the independent accountants; the performance of the Company's independent accountants and the Company's accounting practices. In addition, the
Audit Committee oversees the Company's compliance programs relating to legal and regulatory requirements.
Compensation Committee
The Compensation Committee oversees, reviews, acts on and reports to the Board on various compensation matters, including: the compensation of the Company's executive officers and directors; the Compensation Discussion and Analysis included in the Company's proxy statement or Annual Report on Form 10-K and the Compensation Committee Report; compensation matters required by Dutch Law; and the discharge of the Board's responsibilities relating to compensation
of the Company's executive officers and directors.
Nominating And Governance Committee
The Nominating and Governance Committee oversees, reviews, acts on and reports to the Board on various corporate governance matters, including the selection of director nominees; composition of the Board and its committees; compliance with corporate governance guidelines; enterprise risk management, including
risks related to matters including compliance, and information technology and cybersecurity as well as artificial intelligence; annual performance evaluations of the Board and its committees; and succession planning for the Chief Executive Officer. It also oversees management's efforts to execute the Company's environmental, social and governance initiatives, including climate- and human capital-related risks.
Expro selects Board members through criteria established by the Nominating and Governance Committee. In evaluating director candidates, the Company assesses whether a candidate possesses the integrity, judgment, knowledge, experience, skills and expertise that are likely to enhance the Board's ability to oversee and direct the Company's affairs and business, including, when applicable,
to enhance the ability of committees of the Board to fulfill their duties and the quality of the Board's deliberations and decisions. In evaluating directors under its diversity policy, the Company considers
diversity in its broadest sense, including persons diverse in perspectives, personal and professional experiences and geography. The Board assesses the effectiveness of this policy in connection with its annual evaluation of the Board and its committees.
The Corporate Governance Guidelines confirm that an important component of the Board is diversity. In addition, the Board believes that the Company should strive to take into account a balanced gender representation as much as possible when making nominations for election. Currently, three of the seven directors (or 42.9%) are women.
PRINCIPLES
Our 2025 Sustainability Review GET TO KNOW EXPRO PARTNERSHIP PERFORMANCE APPENDIX 20
Our approach to sustainability
We believe sustainable solutions have never been more important to our industry.
Guided by our commitment to 'Innovate with Purpose', we continue to develop next-generation solutions that will help enable Expro - and our customers - to tackle challenges while shaping a more sustainable tomorrow.
Innovate with Purpose
Our ambition is to remain relevant in an evolving world. We strive to be a true citizen of the world, creating positive impact for each and every one of us.
As the energy sector works toward a lower-carbon future, we are committed to being part of the solution. We continue to advance technologies that reduce emissions, improve efficiency, and support the transition to lower carbon energy sources. Our focus on innovation, digitalization, and operational excellence empowers customers with better insights, more efficient processes, and faster, data-driven decisions.
We take pride in being a responsible and transparent business operating under a defined set of Environmental, Social, and Governance principles.
Our Sustainability Leadership Council - supported by the Board and championed by four members
of our Executive Management Team - oversees the company's sustainability agenda.
Regular reports are provided to the Nominating and Governance Committee. The Sustainability
Leadership Council has oversight of Environmental, Social and Governance matters, including overseeing the progress towards our carbon-reducing goals, managing the risks of climate change, steering
our Social agenda to be good neighbors in our communities, and developing and enhancing our own organizational culture. Our Sustainability Leadership Council typically meets on a quarterly basis to present progress and discuss future targets and focus areas.
Disclaimer
Expro Group Holdings NV published this content on May 12, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 12, 2026 at 10:31 UTC.