Expro Wins Work on Well Abandonment Campaign Offshore UK
22 Maio 2023 - 5:00AM
Business Wire
Innovative subsea intervention solution
helps secure Plug & Abandonment contract
Energy services provider Expro (NYSE: XPRO) has secured a new
contract with Harbour Energy for a well abandonment campaign as
part of the decommissioning project for the Balmoral area, in the
UK Continental Shelf.
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Expro’s Subsea Well Access Technology.
(Photo: Business Wire)
The multi-year contract, valued at more than $20 million, will
utilize Expro’s Subsea Well Access technology with a combination of
open-water and in-riser applications deployed from a
semi-submersible rig.
Wells that require abandonment tend to suffer from loading and
fatigue issues on the wellhead and Xmas trees. Expro’s ability to
supply a lightweight open-water system will help to mitigate these
loading issues during the subsea well access intervention part of
the overall abandonment campaign.
Expro’s open-water and in-riser bore selector technology, which
eliminates the use of a dual bore riser for the entire abandonment
campaign, is designed to deliver significantly reduced system
deployment and retrieval times and with lower maintenance
costs.
To overcome key technical requirements from the customer, Expro
devised an innovative technological solution based on a new build
lightweight intervention system, incorporating its unique subsea
ball valve technologies. Expro’s existing API 17G standard high
debris ball valve was recently qualified to provide a single ball
cut and seal on coil tubing. This ball valve technology will be
re-packaged into bespoke open water riser housings to provide the
lightweight solution required.
The solution developed for this award expands Expro’s subsea
well access portfolio and allows Expro to now supply the client
with all the subsea well access tooling required for the
abandonment campaign on the Balmoral area, for horizontal and
vertical Xmas Trees.
This contract award further extends Expro’s involvement in this
major campaign, with our Well Test and Well Construction teams
already supporting the project. It will be delivered from Expro’s
Aberdeen facilities.
Colin Mackenzie, Expro’s Vice President of Europe and
Sub-Saharan Africa, said:
“We are proud to have secured this award by offering an
innovative approach to meet the needs of this important customer.
We believe that our leading-edge technology continues to deliver
safe, reliable and environmentally secure subsea well access in
support of major projects around the world. We are delighted to
further extend the scope of our partnership on this campaign which
reinforces our position as a key enabler within the plug and
abandonment market.”
Notes to Editors:
Expro
Working for clients across the well life cycle, Expro is a
leading provider of energy services, offering cost-effective,
innovative solutions and what the Company considers to be
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 intervention and integrity
solutions.
With roots dating to 1938, Expro has approximately 7,600
employees and provides services and solutions to leading
exploration and production companies in both onshore and offshore
environments in approximately 60 countries.
For more information, please visit 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, the
Company’s delivery of safe, reliable and environmentally secure
subsea well access, the Company’s environmental, social and
governance goals, targets and initiatives, and future growth, 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,
historical practice, or otherwise.
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