Chinese offshore and subsea solutions company, COOEC Offshore, has formed an alliance with Expro to venture into deepwater Riserless Well Intervention (RWI) to strengthen its service offering.
Both companies already provide high-quality subsea and well intervention solutions.
COOEC Offshore is a subsidiary of China’s COOEC, an engineering, procurement, construction and installation (EPCI) contractor for the Asia Pacific region offshore oil and gas industry.
The Chinese subsidiary services the full lifecycle of offshore, from field development to field decommissioning through more than 22 specialised marine assets, subsea intervention equipment and in house engineering.
Expro is a major British oilfield services company in the subsea landing string and well intervention markets. It has recently entered the riser-based intervention market with the Intervention Riser System (IRS).
As part of the alliance, the RWI system provides a proven wire through-water integrated solution to carry out cost-effective intervention and abandonment operations on subsea wells.
Both companies will deliver the new system in 2020 and deploy it off the new HYSY287 DP3 construction vessel.
The vessel has a dedicated handling and deployment system to facilitate slick and efficient well construction, intervention and plug and abandonment (P&A) activities.
Expro’s propriety coil hose technology for open water is expected to be an exclusive capability onboard the vessel.
The alliance will ensure minimal interfaces, integrated management teams, and most services will be delivered in-house.
COOEC Offshore commercial director Brett Silich said: “This is an extremely significant alliance for both companies that wish to cement their position in the subsea well intervention market long into the future. Allowing us to use our respective key strengths, developed through solid offshore experience across the globe, to further enhance the highly specialised services we provide to our valued global customers.”
Expro Light Well Intervention Services (LWIS) global sales manager Kevin Illingworth said: “The agreement is an opportunity for both companies to combine our efforts and provide a very attractive commercial alternative to rig-based intervention.
“It complements our range of services and ultimately the quality of well access and well intervention services available to our clients. Both parent groups have a long standing and close working relationship that ensures deep collaboration.”
COOEC Offshore said that it will continue to focus on its international expansion while growing its network of international alliance partners.