Expro signs LoI for Cecon newbuild vessel

Offshore staff

ARENDAL, Norway -- Expro AX-S Technology has signed a Letter of Intent with Cecon ASA to agree, subject to contract, a five-plus-five-year charter of its first newbuild VS4220 vessel. The vessel will be used as a work platform for Expro's AX-S subsea well intervention system.

Expro is developing a new generation deepwater well intervention system with a unique tooling package to be deployed from a mono hull vessel. It will provide riser-less well intervention in up to 10,000 ft (3,048 m) of water.

The long-term charter is expected to start in April 2010.

12/03/2009