Expro Wins Well Intervention and Integrity Contract for Major Project in Uganda
05 Juni 2023 - 10:00AM
Business Wire
Innovative carbon-reduction solution will
support frontier field development
Energy services provider, Expro Group Holdings N.V. (NYSE: XPRO)
(the “Company” or “Expro”), has announced a five-year Well
Intervention and Integrity contract with TotalEnergies EP Uganda
for the multi-well Tilenga project.
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the full release here:
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EXPRO WINS WELL INTERVENTION AND
INTEGRITY CONTRACT FOR MAJOR PROJECT IN UGANDA. (Photo: Business
Wire)
A key component in Expro securing a contract worth over $30
million for slickline services was its ability to provide an
innovative environmental solution in support of the client’s carbon
reduction objectives, as well as Expro’s commitment to national
recruitment in line with a local development plan, working in
collaboration with TotalEnergies and the Petroleum Authority of
Uganda (PAU).
Expro’s solution placed significant focus on the location’s
sensitivity near a national park. The company is providing
environmentally sympathetic lower carbon operations solutions
compared to current market alternatives. Expro has also invested in
a new operational facility in-country, supported by investment in
people and training to help exceed local expectations.
Work begins in Q2 2023, with Expro initially supporting drilling
activity followed by production optimization, integrity and well
workover support. Expro has designed four well intervention units
to deliver a single operational solution for slickline and braided
line in a cased hole environment across the life of the well. The
solution is designed to reduce equipment footprint and equivalent
CO² emissions, while delivering improved efficiency.
The Tilenga project covers six fields, with over 400 wells
planned across multiple pads. Drilling will start this year and
continue for five years.
Iain Farley, Expro’s Regional Vice President for Europe and
Sub-Saharan Africa, said:
“We are delighted to further develop our relationship with
TotalEnergies through work on this key project, which reinforces
Expro’s ability to partner in frontier field developments in
support of energy security.
“Expro’s solution was designed and engineered with the specific
needs of this project in mind, taking into account the
environmental sensitivities of the location and the need to support
the project’s overall environmental and social objectives. It
builds on our current operations in East Africa and on many years
of successful delivery on key projects in locations such as
Algeria, Saudi Arabia, Mozambique and Egypt.”
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 believes 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: 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, 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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