Expro International Group PLC
27 May 2004
Embargoed until 0700
27 May 2004
Expro International Group PLC
Expro's Production Solutions Wins Largest Ever Contract
Expro International Group PLC ("Expro") announces today a new $60 million
contract in its Expro Gulf Ltd subsidiary, awarded by Exxon Neftegas Limited, an
affiliate of ExxonMobil Corporation and operator of the Sakhalin-1 consortium.
The contract is for the provision of an Early Production Facility ("EPF") to be
installed at the Chayvo drilling and production site on the east side of
Sakhalin Island, Russia. The contract duration is for approximately 30 months,
inclusive of a 14 month, lease and operating period.
The EPF will consist of a 50,000 BPD crude oil separation and pumping facility,
and a 150 MMSCFD gas conditioning plant, together with associated utilities,
plant controls, storage, workshop and offices. Engineering design and
procurement activities will be conducted by Expro staff based mainly in Houston.
The modular design of the equipment must accommodate severe winter weather
operating conditions (-40degreesF and heavy snow) yet facilitate a safe, fast
track solution for installation and commissioning. Russian subcontractors will
be employed, under direct supervision by Expro, for on site EPF installation and
commissioning. Start-up of the EPF is planned for summer 2005. Expro personnel
(Russian and Expatriate) based at the Chayvo site will operate and maintain the
plant.
The EPF will introduce first gas from the Sakhalin-1 Project into a pipeline for
local gas supply and first oil into a pipeline for export. Operation of the EPF
will continue until the permanent production facilities are ready, currently
scheduled for late 2006.
Commenting on the award, Graeme Coutts, CEO of Expro stated: "Expro is delighted
to have received this award to participate in this significant field development.
This award demonstrates confidence in our proven ability to provide fast track
solutions for early production."
- Ends -
For further information, please contact:
Expro International Group PLC 0118 959 1341
Graeme Coutts, Chief Executive
Michael Speakman, Finance Director
Colin Ainger, Executive Director
Weber Shandwick Square Mile 020 7067 0700
Mike Kirk /Rachel Taylor/Stephanie Badjonat
This information is provided by RNS
The company news service from the London Stock Exchange
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