Expro Forms Well-Intervention Vessel Alliance With FTAI Ocean
The pairing was instrumental in Expro’s receipt of a multiyear well-intervention services contract for Chevron’s Gorgon development.
Expro Group has formed an exclusive alliance with global vessel provider FTAI Ocean LLC for the supply of the DP3 M/V Pride well-intervention vessel to provide full light well-intervention (LWI) services to the subsea oil and gas sector.
Built in 2014 with an overall length of 130 m and breadth of 28 m, the vessel offers 2000 square meters of deck space and 6,000 tons of cargo-carrying capacity.
The exclusive 3-year agreement allows both companies to expand their capabilities and resources to deliver a fully integrated intervention package to the industry.
The alliance creates a full-service offering for the well-intervention-and-abandonment markets, providing all marine, ROV, well intervention, wireline, e-line, coil-hose, subsea well access, hydraulic intervention, well planning, execution, and offshore well management by a single supplier using one entity.
“The new alliance and technology offering were paramount in Expro’s recent 5-year contract award for the supply of light well-intervention services for the Chevron-operated Gorgon facility, offshore Australia,” said Graham Cheyne, Expro’s vice president of well access and subsea.
Expro invested in an $11-million multipurpose facility in Perth which will support the Chevron contract. The facility will have a 2100-square-meter re-enforced dedicated light well-intervention area for storage and maintenance of specific equipment.
According to Expro, both services and technologies will be deployed under the alliance, and will be supported by the introduction of FTAI Ocean’s well intervention smart tower system, which will expand the alliance’s LWI vessel services with the provision of both riser and riserless equipment and services.
The new integrated smart tower system can operate in water depths up to 1,500 meters in riser mode and 2,500m in riser-less mode.
Earlier this month, Expro revealed an all-stock merger with Franks International that would result in a “full cycle service provider” for the global oilfield. The combined business is expected to generate more than $1 billion in revenue annually. The deal is expected to close in the third quarter of 2021.