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  • Major contract extension strengthens Expro’s position in Azerbaijan
    édité le 15/11/2018 - Plus de news de "EXPRO" - Voir la fiche entreprise de "EXPRO"

Major contract extension strengthens Expro’s position in Azerbaijan
Leading international oilfield services company, Expro, has strengthened the opening of its new purpose-built facilities in Baku, winning a four-year contract extension for BP’s Shah Deniz Stage 2 project.

The contract extension will see Expro continue its provision of subsea landing string equipment and services to the project in the South Caspian Sea. In 2014, Expro secured a five-year contract for the project, providing its Landing String Assembly – High Pressure (ELSA-HP) 15k valves in conjunction with its EXPRESS electro hydraulic control systems. These are designed to ensure the highest standards of safety and reliability for the most challenging deepwater market conditions.

To support this major contract and expand its portfolio in the region, Expro has invested in a new purpose-built facility, which is opening today (November 15th). The $5million facility will house 30 employees, encompassing both office and workshop space over 8,500 m2. It will allow Expro to provide integrated subsea services to clients in the region, with the capacity to expand further core areas of the business.

Neil Sims, Expro’s Vice President for Europe CIS region, said:

“The investment in our new facilities allows us to grow our presence and deliver the highest quality of subsea services to major clients, including BP. It also allows us to broaden our portfolio offering, leveraging our leading global expertise in well testing and intervention services.

“Our key stakeholders are critical to our success and I would like to thank our employees for their significant contribution to date, alongside our customers, suppliers and broader partners in Azerbaijan. We look forward to continuing our success and delivering an even stronger business for the future.”

About Shah Deniz

- The Shah Deniz consortium is: BP, 28.8% - operator; TPAO,19%; Petronas,15.5%; AzSD, 10.0%; SGC Upstream, 6.7%; Lukoil,10%; and NICO,10%.
- BP and partners signed the production sharing agreement (PSA) for the development of the Shah Deniz gas condensate field in the Caspian in 1996 and production began in 2006. The development of Shah Deniz 2 was approved and sanctioned in late 2013.
- When complete, the Southern Gas Corridor will in total comprise 3,500km of pipelines, including the South Caucasus Pipeline Expansion (SCPX) across Azerbaijan and Georgia, the Trans-Anatolian Pipeline (TANAP) across Turkey and the Trans-Adriatic Pipeline (TAP). When fully complete, currently expected in 2020, it will transport gas from Azerbaijan through Georgia, Turkey, Greece, Albania and under the Adriatic Sea to Italy.
- BP and partners signed its first PSA in Azerbaijan with SOCAR, covering the development of the Azeri, Chirag and Deepwater Gunashli (ACG) field, in 1994. Production from ACG began in 1997 and the field has since produced over 3.3 billion barrels of oil.
- In 2017, SOCAR and the ACG partners signed an amended and restated PSA for ACG that extends to the end of 2049.
- BP has also signed a number of exploration PSAs with SOCAR: a PSA for the Shafag-Asiman offshore block signed in 2010; a PSA for the shallow water area around the Absheron Peninsula in 2014; and, most recently, a PSA for the joint exploration and development of Block D230 in the North Absheron basin, signed in April 2018.The Shah Deniz consortium is: BP, 28.8% - operator; TPAO,19%; Petronas,15.5%; AzSD, 10.0%; SGC Upstream, 6.7%; Lukoil,10%; and NICO,10%.

About Expro

Expro is headquartered in the UK and has key well intervention facilities in Aberdeen (Europe CIS), alongside regional hubs in North America, Asia, the Middle East and Latin America.

About BP

BP (NYSE:BP) is one of the world's largest oil and gas companies, serving millions of customers every day in more than 80 countries, and employing nearly 85,000 people. BP's business segments are oil and gas exploration & production, and refining & marketing. In alternative energies, BP has low- and no-carbon wind and biofuels businesses. Through these activities, BP provides fuel for transportation; energy for heat and light; services for motorists; and petrochemicals products for plastics, textiles and food packaging. It has strong positions in many of the world's hydrocarbons basins and strong market positions in key economies.

Origine : Communiqué EXPRO

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