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Expro Announces Another $85m of Contract Wins

Source: www.gulfoilandgas.com 12/13/2005, Location: Africa

Expro International Group PLC has been awarded a contract by Chevron Nigeria Ltd. to provide a barge mounted Early Production System ('EPS'). The EPS will be capable of producing 50,000 barrels of oil per day with water injection of up to 100,000 barrels per day. Operations are scheduled to start in the first quarter of 2006. The contract is for a period of two years. 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 programme in the Santos Basin offshore Brasil. 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 barrels of oil per day for transfer to a tanker and will be mobilised in the second quarter of 2006.

Commenting on the announcement, Expro's Chief Executive Officer, Graeme Coutts , said: “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 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.

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