Expro International Group PLC
13 December 2005
Embargoed until 0700
13 December 2005
EXPRO INTERNATIONAL GROUP PLC
Expro announces another $85m of contract wins
Notification of Investor Visit
Expro International Group PLC ('Expro') today announces it has been awarded a
contract by Chevron Nigeria Ltd. to provide a barge mounted Early Production
System ('EPS'). The EPS will be capable of producing 50,000 barrels of oil per
day with water injection of up to 100,000 barrels per day. Operations are
scheduled to start in the first quarter of 2006. The contract is for a period of
two years. This will be the third facility of this type that Expro has
constructed and operated in Nigeria. Previous barge mounted production
facilities have been provided to Shell Petroleum Development Co. and to Brass
Exploration. Expro currently has a local workforce of over one hundred and the
new facility will provide employment for additional local staff.
Expro has also been awarded a contract by Shell Brasil Ltda. to supply Extended
Well Testing ('EWT') facilities for its drilling programme in the Santos Basin
offshore Brasil. This follows the successful completion of a similar EWT for
Shell on the Malampaya Field offshore the Philippines in 2002. The facility will
be capable of handling up to 10,000 barrels of oil per day for transfer to a
tanker and will be mobilised in the second quarter of 2006.
Commenting on the announcement, Expro's Chief Executive Officer, Graeme Coutts,
said: "Both these contracts, valued together at over $50 million, are further
evidence of Expro's proven track record in the field of Production Solutions,
following closely on the heels of the successful start up of an EPF for Exxon on
Sakhalin Island in Eastern Russia earlier this year."
Another of the Group's Global Businesses has seen the recent award of contracts
worth $35 million. Subsea Safety Systems has secured contracts for the supply
and operation of subsea intervention systems for Shell and BHP in SE Asia and
for Chevron offshore Nigeria. The contracts range from between one and four
years.
Expro is also today hosting an investor visit at its Aberdeen Technology Centre.
This is an informal visit focussing on Subsea operations and innovations which
will include technical demonstrations of hardware. A copy of the presentations
given at the meeting will be available on the Company's website from 12pm
(www.exprogroup.com).
During the course of the event the company does not intend to disclose any new
material information.
- Ends -
For further information, please contact:
Expro International Group PLC 01224 225700
Michael Speakman, Finance Director
Weber Shandwick Square Mile 020 7067 0700
James Chandler / Stephanie Badjonat
This information is provided by RNS
The company news service from the London Stock Exchange
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