Expro Wins Well Intervention and Integrity Contract for Major Project in Uganda

2023-06-05 16:19

HOUSTON--(BUSINESS WIRE)--Jun 5, 2023--

Energy services provider, Expro Group Holdings N.V. (NYSE: XPRO) (the “Company” or “Expro”), has announced a five-year Well Intervention and Integrity contract with TotalEnergies EP Uganda for the multi-well Tilenga project.

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EXPRO WINS WELL INTERVENTION AND INTEGRITY CONTRACT FOR MAJOR PROJECT IN UGANDA. (Photo: Business Wire)

A key component in Expro securing a contract worth over $30 million for slickline services was its ability to provide an innovative environmental solution in support of the client’s carbon reduction objectives, as well as Expro’s commitment to national recruitment in line with a local development plan, working in collaboration with TotalEnergies and the Petroleum Authority of Uganda (PAU).

Expro’s solution placed significant focus on the location’s sensitivity near a national park. The company is providing environmentally sympathetic lower carbon operations solutions compared to current market alternatives. Expro has also invested in a new operational facility in-country, supported by investment in people and training to help exceed local expectations.

Work begins in Q2 2023, with Expro initially supporting drilling activity followed by production optimization, integrity and well workover support. Expro has designed four well intervention units to deliver a single operational solution for slickline and braided line in a cased hole environment across the life of the well. The solution is designed to reduce equipment footprint and equivalent CO² emissions, while delivering improved efficiency.

The Tilenga project covers six fields, with over 400 wells planned across multiple pads. Drilling will start this year and continue for five years.

Iain Farley, Expro’s Regional Vice President for Europe and Sub-Saharan Africa, said:

“We are delighted to further develop our relationship with TotalEnergies through work on this key project, which reinforces Expro’s ability to partner in frontier field developments in support of energy security.

“Expro’s solution was designed and engineered with the specific needs of this project in mind, taking into account the environmental sensitivities of the location and the need to support the project’s overall environmental and social objectives. It builds on our current operations in East Africa and on many years of successful delivery on key projects in locations such as Algeria, Saudi Arabia, Mozambique and Egypt.”

NOTES TO EDITORS:

About 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 believes 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 7,600 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: expro.com and connect with Expro on Twitter @ExproGroup and LinkedIn @Expro.

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 future growth, 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.

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MediaRelations@expro.com

KEYWORD: AFRICA UNITED STATES NORTH AMERICA UGANDA TEXAS

INDUSTRY KEYWORD: OIL/GAS ALTERNATIVE ENERGY ENERGY ENVIRONMENT OTHER ENERGY

SOURCE: Expro

PUB: 06/05/2023 04:00 AM/DISC: 06/05/2023 03:59 AM

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