Expro International Group PLC
09 February 2005
Embargoed until 14.00
09 February 2005
EXPRO INTERNATIONAL GROUP PLC
Expro International Group PLC awarded two significant Shell European contracts
Expro International Group PLC ("Expro" or "the Group") today announces the award
of two significant contracts by Shell Exploration and Production Europe ("EPE").
The contracts are for the provision of Wireline and Well Test services across
Shell EPE's operations. Expro has been Shell's incumbent contractor for several
years and these awards increase the scope with some additional work in UK
Southern North Sea and Norway.
Through these contracts, Expro will provide Shell's entire Wireline and Well
Test activities within the operating units of Shell UK Limited, Nederlandse
Aardolie Maatschappij B.V. ("NAM"), A/S Norske Shell and Shell E & P Ireland
Limited.
The contracts have an effective commencement date of 1st February 2005 with work
getting underway immediately. The contracts have a combined value of $100
million over five years. This value may increase with activity levels and there
are also two one year extensions on each contract. The work will be managed and
implemented by Expro staff based in Aberdeen and Great Yarmouth within the UK,
Den Helder in Holland and Bergen in Norway.
Commenting on the announcement, Expro's Chief Executive Officer, Graeme Coutts,
said: "We are delighted to have been awarded this work by Shell and it confirms
our position as one of Europe's leading oilfield service provider. Expro's
retention of these significant contracts and their increase in scope clearly
demonstrates Shell's confidence in our capabilities to support their key assets.
Overall, the North Sea markets continue to offer positive conditions. Our
technology portfolio, critical mass and in-depth understanding of the
requirements of mature oil and gas provinces, is clearly understood by our
clients and provides a positive environment for the Group".
- Ends -
Note to Editors:
Expro International Group PLC ("Expro Group", "Expro" or "the Group") is a
leading upstream oil and gas technology and service provider, specialising in
well performance and production optimisation. Its products and services are
packaged into three distinct business segments: Cased Hole Services, Subsurface
Systems, and Surface and Environmental Systems. The Expro Group employs over
2,000 people worldwide and is an innovative leader in oilfield technology which
enables clients to maximise recovery of their reserves. For more information,
please refer to the Group's website at www.exprogroup.com
For further information please contact:
Expro International Group PLC 0118 9591 341
Graeme Coutts, Chief Executive
Michael Speakman, Finance 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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