Expro Wins Wireline Contract in Brazil
Expro announced that its Latin America team has been awarded a new multi-million dollar wireline contract with Petrobras in Brazil.
As part of the four-year contract, Expro will provide 20 packages of slickline equipment and personnel to operate them. The initial contract term has the potential to significantly increase the number of slickline packages provided. There are options to allow up to four years of contract extensions.
This award will make Expro the largest slickline provider in Brazil.
This contract enhances the specialist well testing, subsea and Drill Stem Testing services the company already delivers to Petrobras and will give a platform for subsequent wireline intervention growth in the region, including the opportunity to introduce cased hole products to Petrobras and elsewhere in the country.
Sergio Zubelli, Expro's Latin America region director, said, "This contract has elevated Expro's status and we will be the biggest slickline provider in Brazil. This achievement is due to the hard work of our local teams and the support from Expro's global wireline intervention product line team. This contract will also allow us further opportunities for our complete portfolio of intervention tools."
Mark Illingworth, Expro's wireline intervention director, said, "An award of this magnitude further cements Expro's reputation as a global market leader in wireline intervention. We are an established provider of wireline services with over 40 years' experience working for some of the biggest operators in the world.
"These types of awards are only gained through a clear focus on the product line, a clear understanding of what our customer wants, and by utilizing the vast experience our people have in wireline intervention operations. We look forward to delivering for Petrobras through this project and beyond."
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Rooftop Solar Now 4th Largest Source of Electricity in Australia
- US Confirms Reimposition of Oil Sanctions against Venezuela
- EU, Industry Players Ink Charter to Meet Solar Energy Targets
- Analyst Says USA Influence on Middle East Seems to be Fading
- Russian Ships to Remain Banned from US Ports
- Brazil Court Reinstates Petrobras Chair to Divided Board
- EIB Lends $425.7 Million for Thuringia's Grid Upgrades
- Var Energi Confirms Oil Discovery in Ringhorne
- Seatrium, Shell Strengthen Floating Production Systems Collaboration
- An Already Bad Situation in the Red Sea Just Got Worse
- What's Next for Oil? Analysts Weigh In After Iran's Attack
- USA Regional Banks Dramatically Step Up Loans to Oil and Gas
- EIA Raises WTI Oil Price Forecasts
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Venezuela Authorities Arrest Two Senior Energy Officials
- Namibia Expects FID on Potential Major Oil Discovery by Yearend
- Oil Markets Were Already Positioned for Iran Attack
- Is The Iran Nuclear Deal Revival Project Dead?
- Petrobras Chairman Suspended
- Oil and Gas Executives Predict WTI Oil Price
- An Already Bad Situation in the Red Sea Just Got Worse
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil and Gas Execs Reveal Where They See Henry Hub Price Heading
- Equinor Makes Discovery in North Sea
- Macquarie Strategists Warn of Large Oil Price Correction
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Standard Chartered Reiterates $94 Brent Call
- Chevron, Hess Confident Embattled Merger Will Close Mid-2024
- Analysts Flag 'Remarkable Feature' of 2024 Oil Price Rally