Expro Wins Contract Supplying Tubular Running Services for Landmark Carbon Capture and Storage Project
Expro (NYSE: XPRO) has secured a significant contract to provide Tubular Running Services (TRS) for the Netherlands' first offshore Carbon Capture and Storage (CCS) project. The scope includes recompletion and conversion of legacy offshore gas production wells into CO₂ injection wells, decommissioning shallow wells, and drilling platform slot recovery wells.
The company will deploy its proprietary non-marking TRS technology, specifically designed for corrosion-resistant alloy tubulars in highly corrosive CO₂ environments. This technology aims to maximize pipe longevity and ensure long-term well integrity. The contract reinforces Expro's position in well construction services and demonstrates their commitment to energy transition solutions.
Expro (NYSE: XPRO) ha ottenuto un contratto significativo per fornire Servizi di Esecuzione Tubolare (TRS) per il primo progetto offshore di Cattura e Stoccaggio del Carbonio (CCS) nei Paesi Bassi. L'ambito del contratto include la riconversione e la trasformazione di vecchi pozzi di produzione di gas offshore in pozzi di iniezione di CO₂, la dismissione di pozzi superficiali e la perforazione di pozzi di recupero per piattaforme.
L'azienda utilizzerà la sua tecnologia TRS proprietaria non marcante, progettata specificamente per tubi in lega resistente alla corrosione in ambienti altamente corrosivi di CO₂. Questa tecnologia mira a massimizzare la longevità dei tubi e garantire l'integrità a lungo termine dei pozzi. Il contratto rafforza la posizione di Expro nei servizi di costruzione di pozzi e dimostra il loro impegno verso soluzioni per la transizione energetica.
Expro (NYSE: XPRO) ha asegurado un contrato significativo para proporcionar Servicios de Ejecución Tubular (TRS) para el primer proyecto offshore de Captura y Almacenamiento de Carbono (CCS) en los Países Bajos. El alcance incluye la recompresión y conversión de viejos pozos de producción de gas offshore en pozos de inyección de CO₂, la desactivación de pozos superficiales y la perforación de pozos de recuperación para plataformas.
La empresa desplegará su tecnología TRS no marcante, diseñada específicamente para tubos de aleación resistentes a la corrosión en entornos altamente corrosivos de CO₂. Esta tecnología tiene como objetivo maximizar la longevidad de los tubos y garantizar la integridad a largo plazo de los pozos. El contrato refuerza la posición de Expro en los servicios de construcción de pozos y demuestra su compromiso con soluciones de transición energética.
Expro (NYSE: XPRO)는 네덜란드 최초의 해양 탄소 포집 및 저장(CCS) 프로젝트를 위한 관로 운영 서비스(TRS)를 제공하는 중요한 계약을 체결했습니다. 이 계약의 범위에는 기존의 해양 가스 생산 우물을 CO₂ 주입 우물로 재완공 및 전환하고, 얕은 우물을 폐기하며, 플랫폼 슬롯 회수 우물을 드릴링하는 것이 포함됩니다.
회사는 부식에 강한 합금 관을 위한 비표식 TRS 기술을 배치할 예정이며, 이는 고도로 부식성 CO₂ 환경에 맞춰 특별히 설계되었습니다. 이 기술은 파이프의 수명을 극대화하고 장기적인 우물의 무결성을 보장하는 것을 목표로 합니다. 이 계약은 우물 건설 서비스에서 Expro의 입지를 강화하고 에너지 전환 솔루션에 대한 그들의 헌신을 보여줍니다.
Expro (NYSE: XPRO) a obtenu un contrat significatif pour fournir des Services de Tubes (TRS) pour le premier projet offshore de Captage et de Stockage du Carbone (CCS) aux Pays-Bas. Le champ d'application comprend la recompletion et la conversion des anciens puits de production de gaz offshore en puits d'injection de CO₂, la mise hors service de puits peu profonds et le forage de puits de récupération pour plateformes.
L'entreprise déploiera sa technologie TRS propriétaire non marquante, spécialement conçue pour des tubes en alliage résistants à la corrosion dans des environnements CO₂ hautement corrosifs. Cette technologie vise à maximiser la longévité des tubes et à garantir l'intégrité à long terme des puits. Le contrat renforce la position d'Expro dans les services de construction de puits et démontre leur engagement envers des solutions de transition énergétique.
Expro (NYSE: XPRO) hat einen bedeutenden Vertrag zur Bereitstellung von Tubular Running Services (TRS) für das erste Offshore-Projekt zur Kohlenstoffabscheidung und -speicherung (CCS) in den Niederlanden gesichert. Der Umfang umfasst die Wiedervervollständigung und Umwandlung von alten Offshore-Gasproduktionsbohrungen in CO₂-Injektionsbohrungen, die Stilllegung flacher Bohrungen und die Bohrung von Plattform-Rückgewinnungsbohrungen.
Das Unternehmen wird seine proprietäre nicht-markierende TRS-Technologie einsetzen, die speziell für korrosionsbeständige Legierungsrohre in hochkorrosiven CO₂-Umgebungen entwickelt wurde. Diese Technologie zielt darauf ab, die Lebensdauer der Rohre zu maximieren und die langfristige Integrität der Bohrungen zu gewährleisten. Der Vertrag stärkt die Position von Expro im Bereich der Bohrdienstleistungen und zeigt ihr Engagement für Energiewende-Lösungen.
- Secured major contract for first offshore CCS project in Netherlands
- Proprietary technology deployment in growing CCS market
- Expansion into energy transition services
- Leveraging existing expertise for new market opportunities
- None.
Insights
Expro's new contract to provide specialized Tubular Running Services for the Netherlands' first offshore Carbon Capture and Storage project represents a strategic positioning in the energy transition market rather than an immediate financial catalyst. The company is leveraging its core competencies in well construction to address the technical challenges of CCS implementation.
The technical differentiation here is significant. Expro's proprietary non-marking technology for handling corrosion-resistant alloy tubulars addresses a critical challenge in CCS operations - maintaining well integrity in highly corrosive CO₂ environments over decades-long timeframes. This specialized capability creates a competitive moat in the growing CCS services market.
From a business perspective, this contract signals Expro's diversification strategy beyond traditional hydrocarbon services. While unlikely to materially impact near-term financials given Expro's
For investors, this represents Expro's adaptation to energy transition trends while maintaining focus on its technical core competencies. The company is effectively positioning itself as a technical enabler for decarbonization projects rather than attempting a wholesale business model transformation. This balanced approach mitigates transition risk while opening new revenue opportunities as CCS project pipelines expand across Europe and globally.
This underlines Expro as a preferred partner for well construction services in CCS, highlighting the company’s technical expertise and innovation.
Jack-up rig (Photo: Business Wire)
The contract includes the recompletion and conversion of legacy offshore gas production wells into CO₂ injection wells, decommissioning of shallow wells and drilling of platform slot recovery wells. The project, which is the first offshore CCS storage system in
Expro will deliver the contract using its proprietary non-marking TRS technology which has been specifically designed to run corrosion-resistant alloy (CRA) tubulars. In a highly corrosive Co2 environment, this will maximize the longevity of the pipe and help address the challenges of long-term well integrity assurance.
Iain Farley, Regional Vice President for
Since 1938, Expro has built a reputation as the industry pioneer, and premier and trusted provider, of tubular running services for all applications globally.
Expro offers supplementary services, such as performance drilling tools, wellbore clean-out, and cementing technologies, to support comprehensive well integrity solutions.
Expro’s portfolio of solutions offers the most complete line of tubular handling products and devices encompassing all sizes of large OD tubulars, surface, and intermediate casing, through to production casing and tubing, whilst also offering a fleet of drill pipe handling tools for harsh drilling operations and heavy landing strings.
Notes to Editors:
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 more than 8,000 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 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 success and safety of the Company’s tubular running services technologies, 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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Media Contact
MediaRelations@expro.com
Source: Expro
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