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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsContractsSmall CapGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!