Expro Leads the Largest Surface Well Testing Operation in Norway
22 Novembro 2023 - 6:00AM
Business Wire
A demonstrable commitment to a low carbon
plan helps secure contract
Expro (NYSE: XPRO) has been awarded a Corporate Frame Agreement
to deliver well testing services for Equinor in the Norwegian
Continental Shelf (NCS).
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Expro's modular well test clean-up
package (Photo: Business Wire)
The Corporate Frame Agreement will see a substantial delivery of
well testing operations in the NCS from a single service provider,
across the Barents, Norwegian and North Sea. Expro will deliver the
contract using its multi-disciplined local team in Stavanger,
supported by its Fluids centre of excellence in Haugesund.
The four-year contract, with the potential of three two-year
options, builds on the company’s previous seven-year agreement. The
scope of work includes well flow management and production
optimization services to enhance Equinor’s assets across
completion, intervention, production, and abandonment
operations.
Building on the Corporate Frame Agreement, the work scope will
see the delivery of hydraulic intervention well services using
Expro’s innovative CoilHoseTM Light Well Circulation System (LWCS)
that is designed to provide a more efficient and lower operational
carbon footprint approach to operations.
A significant portion of the contract is directly linked to a
demonstrable commitment to a low carbon plan, allowing Expro
implement its environmental capabilities with Equinor and further
enhance the strength and depth of this partnership.
Iain Farley, Expro’s Regional Vice President of Europe and
Sub-Saharan Africa, said:
"The contract award is an excellent example of how we continue
to build on our collaborative engagement with Equinor. The ongoing
seven-year contract has allowed us to work together to drive value
through production optimization that encapsulates our ability to
reduce our carbon footprint at all stages of project delivery.
“The strong relationship that has created this opportunity for
growth demonstrates the ability and commitment of our team as we
continue to provide what we believe to be best-in-class project
delivery.
“We take pride in employing a local workforce in Expro Norway AS
and will continue to invest in our people, bringing new talent to
our operational team, to continue to deliver the performance this
important client expects of Expro.”
NOTES TO EDITORS:
About 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 8,000
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: expro.com and connect with
Expro on X (formerly 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 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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