Expro has signed a five-year master services agreement to provide well services across Repsol Sinopec Resources UK's assets in the North Sea.
The contract is valued at $8m in the first calendar year and will be reviewed annually, and also includes the option to extend beyond the five-year term.
Under the contract, Expro will provide well intervention services at all Repsol Sinopec’s UK North Sea assets.
The services include production assurance and enhancement, well integrity, subsea, and reservoir, as well as decommissioning and abandonment applications.
Expro UK area manager Gary Sims said: "Securing this significant agreement gives a major boost to our UK well intervention business, as we work hard to maintain contracts with valued, long-term customers."
The contract also requires Expro to provide suitable personnel to supervise all offshore intervention activity such as slickline and electric line conveyance, memory and real time cased hole logging, explosive and perforating services, downhole cameras, gauges, and sampling.
Headquartered in the UK, Expro owns key well intervention facilities in Aberdeen, in addition to its regional hubs in North America, Asia, the Middle East and Latin America.
Image: Expro will provide offshore well services to Repsol’s assets in North Sea. Photo: courtesy of Expro Group.