Expro Announces First Contract for Advanced Subsea Technology
05 Julho 2023 - 5:00AM
Business Wire
Innovative single shear and seal
bi-directional valve supports well safety and helps to reduce
costs
Energy services provider Expro (NYSE: XPRO) has secured a
contract with a major operator for the first deployment of its
unique and industry-leading single shear and seal high-debris 15K
ball valve assembly.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230705359345/en/
Expro's Innovative single shear and seal
bi-directional valve supports well safety and helps to reduce costs
(Photo: Business Wire)
The multi-functional single shear and seal mechanism will form
part of a full subsea deepwater completion/intervention system
being designed by Expro for a long-standing and valued customer for
a deepwater subsea field at about 6,600ft (2,000 m) in the Gulf of
Mexico.
The mechanism is designed to answer the customer’s requirement
for a versatile, single-valve subsea solution rather than the
conventional double-valve system while offering the reassurance of
risk reduction through an additional safety barrier.
The three-year contract for the in-riser system, valued at over
$15 million, reinforces Expro’s stature as the leading provider of
rental and customized subsea well access solutions, offering
primary well control and disconnect options during well testing,
completion, or intervention subsea operations.
Expro’s high-debris single ball system, which delivers shear and
post shear seal on a multitude of sizes of coiled tubing,
slickline, and electrical cable, is a solution for both gas and
liquid. Its versatility makes it suitable for deployment in both
in-riser or open water environments.
It is NACE MR0175 compliant and qualified for sour hydrogen
sulfide environments. Bi-directional sealing is available even
after a pump-through. The mechanism has been qualified to API 17G
standard for the performance and design of subsea well intervention
equipment. Its ability to handle up to 15% debris is a significant
improvement over alternative mechanisms used in this environment
today.
Expro’s shear and seal valve is available in the ELSA-HP 15ksi
enhanced landing string assembly. It can be configured as a single
valve, a single valve with a latch mechanism, or as a conventional
subsea test tree arrangement, enabling flexibility. Expro is
currently integrating the shear and seal ball system into its
ELSA-HD 10ksi equipment and open water offerings.
Graham Cheyne, Expro’s Vice President of Subsea Well Access,
said:
“We are proud to offer our innovative shear and seal solution to
meet the needs of this important customer in the Gulf of Mexico.
Our cutting-edge technology propels the industry’s momentum towards
increased automation, improving safety on the rig floor by
minimizing personnel and mitigating human error, while providing an
additional safety barrier. It offers operators with flexibility for
their operations in both in-riser and open water subsea
applications.
“We are honored to further strengthen our long-standing
partnership with this customer by consistently delivering new ways
of enhancing their installation safety and efficiency, ultimately
contributing to the overall advancement of the industry.”
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 secure subsea well access
technology, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230705359345/en/
MediaRelations@expro.com
Expro Group Holdings NV (NYSE:XPRO)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Expro Group Holdings NV (NYSE:XPRO)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024