SPT Group acquires Sharp E&P Solutions

Rebranded Scandpower Petroleum Technologies acquires Houston-based multiphase specialist.

Scandpower Petroleum Technology has rebranded itself into the acronymic ‘SPT Group’ and to celebrate the fact, has acquired Sharp Exploration and Production Solutions (SEPS) of Houston. SEPS was founded by Richard Sharp in 2002, and is now recognized as an independent advisor on multiphase meter (MPM) selection and deployment for oil and gas companies. SEPS also advises clients on production allocation techniques.


Richard Sharp and SPT CEO Dag Rian plan to offer a ‘complete allocation solution,’ by combining SPT’s OLGA and EDPM software with SEPS’ multiphase metering business. The deal will leverage SPT’s ‘transparent pipeline’ concept which provides ‘soft sensor’ measurement at any location in the system to build profiles of pressure, temperature and liquid holdup. SEPS will integrate SPT Group’s Houston office as a new ‘Metering and Allocation business unit’, headed by Sharp.

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