Expro, BP to develop wireline intervention system

Expro International Group Plc. has agreed with BP to develop the AX-S lightweight subsea wireline intervention system.

Offshore staff

ABERDEEN, UK --Expro International Group Plc. has agreed with BP to develop the AX-S lightweight subsea wireline intervention system. Upon final contract signing, Expro will build a system and BP will conduct field trials.

The AX-S System will service the rapidly growing market for lightweight well intervention services that diagnose production problems and improve production from subsea wells. The goal is to reduce the "recovery gap" in reserves between subsea wells and those managed from platforms.

"This announcement is the result of a focused engineering exercise over the last two to three years," says Graeme Coutts, Expro CEO. "AX-S will offer a 'step change' in well flow management of subsea wells. We are delighted that BP, who have jointly worked with us from initial project conception, continue to recognize the potential for AX-S in their long term vision of deepwater field management."

06/28/2007

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