FI Frank's International NV

Expro Completes Subsea Decommissioning Project on Ireland’s First Indigenous Gas Wells

Leading energy services provider (NYSE: XPRO) has successfully completed the plug and abandonment (P&A) of Ireland’s first indigenous gas wells.

This press release features multimedia. View the full release here:

Graham Cheyne, Expro’s Vice President of Subsea Well Access (Photo: Business Wire)

Graham Cheyne, Expro’s Vice President of Subsea Well Access (Photo: Business Wire)

Expro provided the delivery of integrated subsea and well test services over an eight-month period to intervene, plug and abandon subsea wells from a mobile offshore drilling unit located in the Celtic Sea.

The subsea intervention scope utilized Expro’s 7 3/8” ELSA (Expro landing string assemblies) system, supported by a complete backup system and direct hydraulic topside and subsea controls package.

Achieving over 3,000 successful operations globally, ELSA is Expro’s industry-leading subsea well access technology, providing clients with a safe and environmentally secure operating system for the commissioning and decommissioning of subsea wells.

Expro completed the work scope with 100% operational uptime and zero non-productive time (NPT) across the duration of the project.

The performance on this project, allied with the recent highly successful completion of Intervention Riser System deep-water operations in Mauritania, further enhances Expro’s position as a leading provider of subsea P&A solutions.

Graham Cheyne, Expro’s Vice President of Subsea Well Access, commented:

“With ten wells successfully intervened and abandoned one after another in a short timeframe, the reliability of the system was proven with 100% operational uptime and zero NPT, improving the efficiency of Expro and our client’s subsea operations over the extended operational period.

“This project not only enhances our already established subsea well access experience and track record, but it also demonstrates our strong position to deliver value and extraordinary performance in the integrated decommissioning and plug and abandonment market.

“Building on our industry-leading technology, the latest Subsea Test Tree Assemblies addition, our Next Generation Landing String, is designed to fully comply with all aspects of the industry’s latest API17G standard. The system includes a range of new and advanced design elements and functionality across its 7-3/8” valve range, incorporating high-debris tolerant ball mechanism and hydraulic latch mechanism, as well as supplying dual seal protection for safe and environmentally secure operations.”

Colin Mackenzie, Expro’s Vice President of Europe and Sub-Saharan Africa, added:

“Throughout this project the team showed a true commitment to both Expro’s and our client’s high environmental and safety standards. I see this is a true reflection of Expro’s dedication and passion to supporting our people, our clients, and the environments in which we operate.”

Expro

Working for clients across the well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company considers to be best-in-class safety and service quality. The Company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions.

With roots dating to 1938, Expro has approximately 7,200 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in approximately 60 countries.

For more information, please visit: and connect with Expro on Twitter and LinkedIn .

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release, and oral statements made from time to time by representatives of the Company, may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, the Company’s environmental, social and governance goals, targets and initiatives, and the benefits and success of the ELSA system, and are indicated by words or phrases such as "anticipate," "outlook," "estimate," "expect," "project," "believe," "envision," "goal," "target," "can," "will," and similar words or phrases. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on the Company's expectations and judgments and are subject to certain risks and uncertainties, many of which are unforeseeable and beyond our control. The factors that could cause actual results, performance or achievements to materially differ include, among others the risk factors identified in the Company’s Annual Report on Form 10-K, Form 10-Q and Form 8-K reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, historical practice, or otherwise.

EN
30/09/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Frank's International NV

Fiserv Inc: 2 directors

A director at Fiserv Inc sold 5,652 shares at 160.000USD and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly show...

 PRESS RELEASE

Expro Boosts Romanian Growth With $10M+ Contracts for Black Sea Projec...

HOUSTON--(BUSINESS WIRE)-- Expro (NYSE: XPRO), a leading provider of energy services has been awarded major contracts from OMV Petrom, totalling more than $10 million USD for the Neptun Deep gas project in the Black Sea. This press release features multimedia. View the full release here: Semi Submersible Rig (Photo: Business Wire) The contracts involve Expro’s subsea landing string (SSLS), SeaCure® cementing technology, tubular running services (TRS) and Coretrax Advance drilling tools to support the project in offshore Romania. Neptun Deep is the largest natural gas project in the Romanian B...

 PRESS RELEASE

Expro Wins Contract Supplying Tubular Running Services for Landmark Ca...

HOUSTON--(BUSINESS WIRE)-- Energy services provider (NYSE: XPRO) has secured a contract to supply Tubular Running Services (TRS) as part of a major Carbon Capture and Storage (CCS) project in the Netherlands. This press release features multimedia. View the full release here: Jack-up rig (Photo: Business Wire) The contract includes the recompletion and conversion of legacy offshore gas production wells into CO₂ injection wells, decommissioning of shallow wells and drilling of platform slot recovery wells. The project, which is the first offshore CCS storage system in the Netherlands, aligns ...

 PRESS RELEASE

Expro Announces Fourth Quarter and Full Year 2024 Results

HOUSTON--(BUSINESS WIRE)-- Expro Group Holdings N.V. (NYSE: XPRO) (the “Company” or “Expro”) today reported financial and operational results for the three months and year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Revenue was $437 million compared to revenue of $423 million in the third quarter of 2024, a sequential increase of $14 million, or 3%, primarily driven by increased activity and revenue in Europe and Sub-Saharan Africa (ESSA) and Middle East and North Africa (MENA). Adjusted EBITDA was $100 million, a sequential increase of $15 million, or 18%, as com...

 PRESS RELEASE

Expro Group Holdings N.V. Schedules Fourth Quarter and Full Year 2024 ...

HOUSTON--(BUSINESS WIRE)-- Expro Group Holdings N.V. (NYSE: XPRO) (“Expro” or the “Company”) will hold a conference call on February 25, 2025 to discuss results for the fourth quarter and full year ended December 31, 2024. The conference call is scheduled to begin at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). A press release regarding the results will be issued before the market opens on February 25 and the press release, together with associated presentation slides, will be posted to the investor relations section of the Expro website in advance of the conference call. We encourage ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch