Expro wins over $50 million in Asia-Pacific subsea well contracts
Energy services group Expro has secured four subsea well access contracts in south east Asia and Australia, worth in excess of $50 million (£37.5m).
By Andrew Dykes
29/11/2021, 11:00 am
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Energy services group Expro has secured four subsea well access contracts in south east Asia and Australia, worth in excess of $50 million (£37.5m).
The Houston-headquartered company confirmed it has secured 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 see Expro deliver an integrated subsea solution, including its Intervention Riser System (IRS), to access the wells and undertake plug and abandonment work.
In addition, the company has been commissioned to deliver an integrated program for a new subsea development. This 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. It said the company was selected due to its outstanding operational performance on similar campaigns in the area during 2019 and 2020.
Separately, 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.
The contracts follow the completion of Expro’s merger with rival Frank’s International, a Dutch drilling and completions solutions group, which concluded in early October.
The combined company began trading on the New York Stock Exchange on 4 October under the ticker symbol “XPRO.”
Expro vice president of well access and subsea, Graham Cheyne, 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.”
Mr Cheyne said that as activity increased following several challenging years, Expro’s integrated service portfolio places the company “in a very strong position” to support its clients’ subsea well access activities.
Vice president of Asia Pacific, Mrinal Vohra added: “We look forward to executing the work scope associated with these multiple contract awards to enhance our already strong position in the subsea market.”