Expro wins contracts worth $85 million
Expro International Group PLC has been awarded a two-year contract by Chevron Nigeria Ltd. to provide a barge-mounted early production system.
(West Africa, Brazil, Asia-Pacific) - Expro International Group PLC has been awarded a two-year contract by Chevron Nigeria Ltd. to provide a barge-mounted early production system (EPS).
The EPS will be capable of producing 50,000 b/d of oil with water injection of up to 100,000 b/d. Operations are scheduled to start in 1Q 2006.
This will be the third facility of this type that Expro has constructed and operated in Nigeria. Previous barge-mounted production facilities have been provided to Shell Petroleum Development Co. and to Brass Exploration.
Expro currently has a local workforce of over one hundred and the new facility will provide employment for additional local staff.
Expro has also been awarded a contract by Shell Brasil Ltda. to supply extended well testing (EWT) facilities for its drilling program in the Santos basin offshore Brazil.
This follows the successful completion of a similar EWT for Shell on the Malampaya field offshore the Philippines in 2002.
The facility will be capable of handling up to 10,000 b/d of oil for transfer to a tanker and will be mobilized in 2Q 2006.
Expro's CEO, Graeme Coutts, says, "Both these contracts, valued together at over $50 million, are further evidence of Expro's proven track record in the field of production solutions, following closely on the heels of the successful start-up of an EPF [early production facility] for Exxon on Sakhalin Island in Eastern Russia earlier this year."
Another of the group's global businesses has seen the recent award of contracts worth $35 million.
Subsea Safety Systems has secured contracts for the supply and operation of subsea intervention systems for Shell and BHP in SE Asia and for Chevron offshore Nigeria. The contracts range from between one and four years.