Expro Group Bags $50M Contract From North Sea Operator Apache

  • Expro Group Holdings NV XPRO has bagged a $50 million contract with North Sea operator Apache Corporation on its Beryl and Forties assets.
  • The fully integrated well intervention and integrity services contract has a primary term of three years, and two one-year extension options.
  • The contract involves pumping and optimization operations across all of Apache's North Sea assets.
  • Expro will provide integrated services to Apache, including slickline, e-line, cased hole, pressure pumping, and new technologies, including Octopoda, CoilHose, and Distributed Fiber Optic Sensing (DFOS) Slickline.
  • The project is due to start early fourth quarter 2022.
  • Expro is a provider of energy services whose portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions.
  • Price Action: XPRO shares are trading higher by 0.06% at $17.37 in premarket on the last check Thursday.
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