Expro Completes Subsea Decommissioning Project on Ireland’s First Indigenous Gas Wells

Rhea-AI Summary

Expro (NYSE: XPRO), a leading energy services provider, has completed Ireland's first indigenous gas wells' plug and abandonment (P&A). Over eight months, Expro delivered integrated subsea and well test services using its ELSA system, achieving 3,000 successful global operations with 100% operational uptime and zero non-productive time. This performance bolsters Expro's position in subsea P&A solutions, enhancing its track record. The company emphasizes its commitment to safety and environmental standards throughout the project's execution.

Positive

• Successful completion of Ireland's first indigenous gas wells' plug and abandonment process.
• Used ELSA technology, achieving 100% operational uptime and zero non-productive time.
• Strengthened position in the subsea plug and abandonment market with proven reliability.

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- Leading energy services provider Expro (NYSE: XPRO) has successfully completed the plug and abandonment (P&A) of Ireland’s first indigenous gas wells.

Graham Cheyne, Expro’s Vice President of Subsea Well Access (Photo: Business Wire)

Expro provided the delivery of integrated subsea and well test services over an eight-month period to intervene, plug and abandon subsea wells from a mobile offshore drilling unit located in the Celtic Sea.

The subsea intervention scope utilized Expro’s 7 3/8” ELSA (Expro landing string assemblies) system, supported by a complete backup system and direct hydraulic topside and subsea controls package.

Achieving over 3,000 successful operations globally, ELSA is Expro’s industry-leading subsea well access technology, providing clients with a safe and environmentally secure operating system for the commissioning and decommissioning of subsea wells.

Expro completed the work scope with 100% operational uptime and zero non-productive time (NPT) across the duration of the project.

The performance on this project, allied with the recent highly successful completion of Intervention Riser System deep-water operations in Mauritania, further enhances Expro’s position as a leading provider of subsea P&A solutions.

Graham Cheyne, Expro’s Vice President of Subsea Well Access, commented:

“With ten wells successfully intervened and abandoned one after another in a short timeframe, the reliability of the system was proven with 100% operational uptime and zero NPT, improving the efficiency of Expro and our client’s subsea operations over the extended operational period.

“This project not only enhances our already established subsea well access experience and track record, but it also demonstrates our strong position to deliver value and extraordinary performance in the integrated decommissioning and plug and abandonment market.

“Building on our industry-leading technology, the latest Subsea Test Tree Assemblies addition, our Next Generation Landing String, is designed to fully comply with all aspects of the industry’s latest API17G standard. The system includes a range of new and advanced design elements and functionality across its 7-3/8” valve range, incorporating high-debris tolerant ball mechanism and hydraulic latch mechanism, as well as supplying dual seal protection for safe and environmentally secure operations.”

Colin Mackenzie, Expro’s Vice President of Europe and Sub-Saharan Africa, added:

“Throughout this project the team showed a true commitment to both Expro’s and our client’s high environmental and safety standards. I see this is a true reflection of Expro’s dedication and passion to supporting our people, our clients, and the environments in which we operate.”

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 considers 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 7,200 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 the benefits and success of the ELSA system, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220930005227/en/

Media Contact

MediaRelations@expro.com

Source: Expro

FAQ

What did Expro announce regarding Ireland's gas wells on September 30, 2022?

Expro announced the successful completion of plug and abandonment of Ireland’s first indigenous gas wells.

What technology did Expro use for the subsea operations in Ireland?

Expro utilized its 7 3/8” ELSA system for the subsea operations.

How many operations has the ELSA system achieved globally?

The ELSA system has achieved over 3,000 successful operations globally.

What was the operational uptime during the project in Ireland?

The project achieved 100% operational uptime with zero non-productive time.

How does the successful completion impact Expro's market position?

The successful completion enhances Expro's position as a leading provider of subsea plug and abandonment solutions.