Expro, a Houston-headquartered energy services provider, signed a contract with Apache Corp. worth $50 million on Apache's Beryl and Forties assets, according to a press statement released Dec. 1.
"Expro have worked with Apache for two decades. We are committed to providing safe, efficient, and environmentally responsible services," Expro regional vice president of Europe and Sub-Saharan Africa Colin Mackenzie said in the statement. "We look forward to adding further value to Apache with the introduction of our latest well intervention technologies."
Through a fully integrated well intervention and integrity services contract, Expro will provide slickline, e-line, cased hole and pressure pumping services, as well as technology innovations including Octopoda, CoilHose and Distributed Fiber Optic Sensing Slickline. The project is expected to begin in fourth-quarter 2022.
The contract will enable Expro to optimize Apache's operations at its Beryl Alpha and Bravo and Forties Alpha, Bravo, Charlie, Delta and Echo assets, along with other Apache North Sea assets.
Additionally, Expro will commit to a long-term future on the U.K. continental shelf through the investment of "significant" capital in new technology and equipment. The contract between the two companies has a primary term of the three years, with two one-year extension opportunities.
"We are delighted to receive this award, which demonstrates the continuation of our longstanding relationship with Apache and long-term investment in the U.K. sector of the North Sea," Mackenzie added. "The full scope of services for this campaign will be supported from Expro’s regional headquarters in Aberdeen."
Recommended Reading
Phillips 66 Buys EPIC’s Permian NGL Midstream Assets for $2.2B
2025-01-07 - Phillips 66 will buy EPIC’s NGL assets, including a 175,000 bbl/d pipeline that links production supplies in the Delaware and Midland basins and the Eagle Ford Shale to Gulf Coast fractionation complexes.
Report: Colonial Pipeline Considering $10B Sale
2024-10-29 - Colonial owns a 5,500-mile pipeline network which carries more than 100,000 gallons of fuel to an area stretching from Houston to New Jersey.
Enterprise Closes $950MM Acquisition of Delaware’s Piñon Midstream
2024-10-28 - Enterprise Products Partners acquisition of Piñon Midstream expands Enterprise’s New Mexico Delaware Basin footprint with sour-gas processing.
DNOW Closes Cash Acquisition of Water Service Company Trojan Rentals
2024-11-26 - DNOW Inc.’s acquisition of Trojan Rentals LLC is its third purchase aimed at providing a holistic water management solution to the market, the company said.
Hollub: Oxy Low Carbon Ventures Bolsters US Energy Independence
2024-11-18 - Occidental Petroleum is making a number of low-carbon moves in the Permian—a maneuver that will bolster the U.S.' energy independence, CEO Vicki Hollub told Hart Energy in an exclusive interview.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.