28 November 2008
International oilfield service company Expro has been awarded a subsea landing string service contract from FMC Technologies (NYSE: FTI). The 5-year contract covers support to FMC's subsea work for StatoilHydro ASA, and has options for assignment to other clients in FMC's portfolio.
This is the second occasion that Expro has secured this contract structure which will fully execute all the company's large bore subsea capabilities, including maintenance and service of end client equipment. The scope of work covers the entire Norwegian Continental Shelf and secures Expro's Bergen base for the foreseeable future. The new contract is aimed at fostering a closer relationship between Expro and FMC.
The contract, which includes a two-year extension option, is worth approximately NOK 250 million, with another NOK 100 million for the option period. The initial contract is expected to be completed in March 2013 and, if options are secured, the contract will run until end March 2015.
Expro's Chief Operating Officer Gavin Prise, said: "We have enjoyed an excellent working relationship with FMC for many years and are delighted to have secured this significant contract for a second time. This is an excellent result for the team who have consistently proved their position as the leading well test company in Norway.
"This contract gives us stability and a firm foundation to build the organisation and strengthen our team to fully support FMC's needs. We look forward to working with FMC again to provide large bore subsea services for their Norwegian operations."
- Ends -
About EXPRO
Expro's business is well flow management. Expro is a market leader in providing services and products that measure, improve, control and process flow from high-value oil and gas wells. Today's Expro combines the strengths of its extensive worldwide operations under one Expro brand, in the five marketing areas of: Well Testing & Commissioning, Production Systems, Wireline Intervention, Connectors & Measurements and Drilling Choke Systems.
Expro's industry knowledge and commitment to deliver, combined with its innovative technology, empowers the company to offer exemplary solutions for its customers. With its head office in the UK, Expro employs more than 4,500 people in 50 countries, committed to delivering excellence in operations to its customers around the world.
For more information, please contact:
Expro
Kay Drummond
Corporate communications manager
Tel: +44 (0)1224 225700
Email: kay.drummond@exprogroup.com
Fifth Ring
Jordan Harkins
PR senior account executive
Tel: +44 (0)1224 628069
Email: jordan@fifthring.com
International oilfield service company Expro has been awarded a subsea landing string service contract from FMC Technologies (NYSE: FTI). The 5-year contract covers support to FMC's subsea work for StatoilHydro ASA, and has options for assignment to other clients in FMC's portfolio.
This is the second occasion that Expro has secured this contract structure which will fully execute all the company's large bore subsea capabilities, including maintenance and service of end client equipment. The scope of work covers the entire Norwegian Continental Shelf and secures Expro's Bergen base for the foreseeable future. The new contract is aimed at fostering a closer relationship between Expro and FMC.
The contract, which includes a two-year extension option, is worth approximately NOK 250 million, with another NOK 100 million for the option period. The initial contract is expected to be completed in March 2013 and, if options are secured, the contract will run until end March 2015.
Expro's Chief Operating Officer Gavin Prise, said: "We have enjoyed an excellent working relationship with FMC for many years and are delighted to have secured this significant contract for a second time. This is an excellent result for the team who have consistently proved their position as the leading well test company in Norway.
"This contract gives us stability and a firm foundation to build the organisation and strengthen our team to fully support FMC's needs. We look forward to working with FMC again to provide large bore subsea services for their Norwegian operations."
- Ends -
About EXPRO
Expro's business is well flow management. Expro is a market leader in providing services and products that measure, improve, control and process flow from high-value oil and gas wells. Today's Expro combines the strengths of its extensive worldwide operations under one Expro brand, in the five marketing areas of: Well Testing & Commissioning, Production Systems, Wireline Intervention, Connectors & Measurements and Drilling Choke Systems.
Expro's industry knowledge and commitment to deliver, combined with its innovative technology, empowers the company to offer exemplary solutions for its customers. With its head office in the UK, Expro employs more than 4,500 people in 50 countries, committed to delivering excellence in operations to its customers around the world.
For more information, please contact:
Expro
Kay Drummond
Corporate communications manager
Tel: +44 (0)1224 225700
Email: kay.drummond@exprogroup.com
Fifth Ring
Jordan Harkins
PR senior account executive
Tel: +44 (0)1224 628069
Email: jordan@fifthring.com
Press Release 2008
