Expro awarded $100M Shah Deniz subsea contract
- Business & Finance
Expro has secured a milestone subsea contract with BP for the Shah Deniz Stage 2 project in the South Caspian Sea, one of Expro’s largest Europe CIS contracts to date.
The 5-year contract, worth almost $100m, will see the UK-based Expro provide completion landing string equipment and services for the installation and completion of Shah Deniz Stage 2 subsea wells, covering 24 new subsea completions.
As a result of the contract, Expro is set to invest in its subsea onshore support base and infrastructure in order to support BP locally in Baku, Azerbaijan.
Expro will supply its Landing String Assembly – High Pressure (ESLA-HP) 15k valves in conjunction with its EXPRESS electro hydraulic control systems thus ensuring a fast Emergency Shut Down during the clean-up of high pressure/high rate gas wells.
The ELSA-HP has been developed to service the high pressure horizontal tree completion and intervention market. With systems designed and qualified up to 15,000 psi, 250 degF and 10,000ft water depth, this landing string assembly provides clients with the safety and reliability to develop fields with challenging conditions.
Keith Palmer, Region Director for Europe CIS at Expro, said:
“This contract further strengthens Expro’s relationship with BP through the provision of our ELSA landing string technologies.
“Expro have been a leading provider of subsea equipment and services to BP in Azerbaijan since 2009, performing to a high standard of safety and service.
“Our specialist subsea teams have deployed more than 1500 completions / 2000 exploration operations to date, clearly demonstrating that Expro is the first choice global subsea landing string provider for reliability in deepwater.
“This additional contract allows Expro to establish further infrastructure and personnel in Baku, to enhance our local presence. This in turn will also allow Expro to promote and provide other products and services to our client base in this area.”
Press Release, April 23, 2014