Expro Wins Over $50 Million in Subsea Well Contracts for Asia/Australia
30 Novembro 2021 - 6:00AM
Business Wire
Leading provider of energy services, Expro (NYSE: XPRO), has
secured four significant subsea well access contracts in South East
Asia and Australia worth in excess of $50 million.
The company has won two contracts in Australia and two in
Malaysia.
In Australia, Expro has been awarded a multi-million dollar
contract for the abandonment of 18 subsea wells and the removal of
open water production trees. The project will require Expro to
deliver an integrated subsea solution, including its
industry-leading Intervention Riser System (IRS), to access the
wells and undertake plug and abandonment work.
Also in Australia, Expro has been commissioned to deliver an
integrated program for a new subsea development. The major contract
will include the delivery of a complete subsea completion landing
string package and a bespoke high-rate surface well test
system.
In Malaysia, Expro has been awarded a seven-figure contract for
the provision of large bore electro hydraulic subsea landing string
equipment for a new subsea deepwater campaign. Expro was selected
due to its outstanding operational performance on similar campaigns
in the area during 2019 and 2020.
Also in Malaysia, Shell has awarded Expro a substantial contract
for the provision of a subsea landing string integrated package for
the Gumusut-Kakap deepwater field. The contract is for a fixed
scope of work on four development wells.
Graham Cheyne, Expro’s Vice President of Well Access and
Subsea, commented: “The award of these significant contracts
enhances our strong reputation as a global leader in the subsea
well access space and allows us to further demonstrate our
capabilities in the growing Asian and Australian markets. This
follows the broadening of our subsea intervention capabilities
during 2019 and 2020, with the completion of successful IRS
deepwater operations in Mauritania.’
“As activity in the international subsea oil and gas sector
increases following several challenging years, our unique and
integrated service portfolio, together with industry recognised
expertise and operational excellence, places Expro in a very strong
position to support all of our client’s subsea well access
activity.”
Mrinal Vohra, Expro’s Region Vice President of Asia Pacific,
added: “Expro’s excellent safety record, coupled with our
service quality performance and extensive operational knowledge in
Asia and Australia, ensures we can safely deliver technical and
operational excellence to customers in this region. We look forward
to executing the work scope associated with these multiple contract
awards to enhance our already strong position in the subsea
market.”
ENDS
Notes to Editors:
Expro
Working for clients across the entire well life cycle, Expro is
a leading provider of energy services, offering cost-effective,
innovative solutions and best-in-class safety and service quality.
The company’s extensive portfolio of capabilities spans well
construction, well flow management, subsea well access, and well
integrity and intervention.
Founded in 1938, Expro has more than 6,500 employees and
provides services and solutions to leading exploration and
production companies in both onshore and offshore environments in
approximately 60 countries with over 100 locations.
For more information, please visit: expro.com and connect with
Expro on Twitter @ExproGroup and LinkedIn @Expro.
SPECIAL NOTE REGARDING 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 regarding, among other things, subsea
well access activity and delivering technical and operational
regional requirements, and are indicated by words or phrases such
as "anticipate," "outlook," "estimate," "expect," "project,"
"believe," "envision," "goal," "target," "can," "will," and similar
words or phrases. These forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause
actual results, performance or achievements to be materially
different from the future results, performance or achievements
expressed in 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. The factors that could cause actual results, performance
or achievements to materially differ include, among others the risk
factors identified in the Company’s Annual Report on Form 10-K,
Form 10-Q and Form 8-K reports filed with the Securities and
Exchange Commission. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
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Expro – Hannah Rumbles +44 (0) 1224-796729
Expro Group Holdings NV (NYSE:XPRO)
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