Leading international oilfield services company, Expro, has secured a significant Europe CIS (Commonwealth of Independent States) contract, providing fully integrated well testing and fluid sampling services for Statoil Petroleum AS in the Norwegian Continental Shelf (NCS).
Starting on 1st January 2015, the initial 4-year contract is valued at $200 million with options to extend for a further 6 years.
The contract will include the provision of downhole tools, gauges, tubing, surface well testing, rig cooling and subsea services. This is complemented by a range of fluid sampling services, including downhole samplers, surface sampling, and specialised analysis and metering services. This extends across the exploration, appraisal and development activity for Statoil’s mobile offshore drilling units and fixed platforms within the NCS.
Expro’s new $10million base, due to open in Tananger, Norway in summer 2015, positions the company well to support this new contract. The 19,000 sqm facility consolidates Expro’s three current locations in Stavanger, and is complemented by existing offices in Bergen and Haugesund. The 10,600 sqm workshop has the capacity to rig-up four well test packages, and service a further six, simultaneously.
Mike Jardon, Chief Operating Officer, comments: “We are absolutely delighted to continue our long-standing relationship with Statoil, a cornerstone operator in the Norwegian Continental Shelf, providing long-term activity over the coming years.
“This contract award is an important achievement for Expro. We have proven our position as the leading well flow management company in Norway, with a firm focus on delivering safe, high quality services to our customers.
“We look forward to strengthening our relationship with Statoil, whilst growing the business through our investment in new facilities, equipment and highly skilled employees.”
About Statoil
Statoil ASA (OSE: STL, NYSE: STO) is an international energy company with operations in 36 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. We are headquartered in Stavanger, Norway, with approximately 23,000 employees worldwide, and are listed on the Oslo and New York stock exchanges.
About Expro
Expro’s mission is well flow management. We provide services and products that measure, improve, control and process flow from high-value oil and gas wells, from exploration and appraisal through to mature field production optimisation and enhancement.