13th Dec 2005 07:01
Expro International Group PLC13 December 2005 Embargoed until 070013 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 acontract by Chevron Nigeria Ltd. to provide a barge mounted Early ProductionSystem ('EPS'). The EPS will be capable of producing 50,000 barrels of oil perday with water injection of up to 100,000 barrels per day. Operations arescheduled to start in the first quarter of 2006. The contract is for a period oftwo years. This will be the third facility of this type that Expro hasconstructed and operated in Nigeria. Previous barge mounted productionfacilities have been provided to Shell Petroleum Development Co. and to BrassExploration. Expro currently has a local workforce of over one hundred and thenew facility will provide employment for additional local staff. Expro has also been awarded a contract by Shell Brasil Ltda. to supply ExtendedWell Testing ('EWT') facilities for its drilling programme in the Santos Basinoffshore Brasil. This follows the successful completion of a similar EWT forShell on the Malampaya Field offshore the Philippines in 2002. The facility willbe capable of handling up to 10,000 barrels of oil per day for transfer to atanker 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 furtherevidence 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 onSakhalin Island in Eastern Russia earlier this year." Another of the Group's Global Businesses has seen the recent award of contractsworth $35 million. Subsea Safety Systems has secured contracts for the supplyand operation of subsea intervention systems for Shell and BHP in SE Asia andfor Chevron offshore Nigeria. The contracts range from between one and fouryears. Expro is also today hosting an investor visit at its Aberdeen Technology Centre.This is an informal visit focussing on Subsea operations and innovations whichwill include technical demonstrations of hardware. A copy of the presentationsgiven 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 newmaterial information. - Ends - For further information, please contact: Expro International Group PLC 01224 225700Michael Speakman, Finance Director Weber Shandwick Square Mile 020 7067 0700James Chandler / Stephanie Badjonat This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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