Oilfield services firm Expro has formed an exclusive partnership with FTAI Ocean for the supply of its well intervention vessel.
The DP3 M/V Pride ship, which was built in 2014, will provide full light well intervention service to the subsea oil and gas sector.
Reading-headquartered Expro will use the vessel to carry out work on the Chevron-operated Gorgon project, offshore Australia, as well as in the Asian and African subsea markets more widely.
FTAI Ocean, a New York-headquartered vessel provider and subsidiary of Fortress Transportation and Infrastructure Investors, will supply the vessel to Expro on a three-year contract.
It’s claimed the deal will allow both firms to expand their capabilities and resources to deliver a “fully integrated intervention package”.
The new alliance will target the riserless and riser-based well intervention and P&A markets, providing a range of services including subsea well access and hydraulic intervention.
Graham Cheyne, Expro’s VP of well access and subsea, said: “This partnership is a significant step forward for both companies. It will strengthen our position in the subsea well access and P&A markets combining our efforts to provide a bespoke project-specific complete subsea intervention package to meet our customers’ exact requirements.
“The new alliance and technology offering were paramount in Expro’s recent five-year contract award for the supply of light well intervention services for the Chevron-operated Gorgon facility, offshore Australia.
“We have introduced the first fully integrated alliance package to the market. This not only enhances our LWI offering but represents Expro’s strong and continued commitment to safety through reduced risks, lower operational costs, and greater efficiencies for our customers.”
Last week, Expro announced plans to merge with Dutch firm Frank’s International to create an oilfield services giant, with operations in more than 50 countries.
Under the new alliance with FTAI Ocean, both firms will supply their services and technologies under one banner.
That includes rolling out FTAI Ocean’s “innovative” well intervention smart tower system, which has been designed, tested, and classed to DNV standards.
The system can operate in water depths up to 1,500 meters in riser mode and 2,500m in riser-less mode – will be installed on the flagship DP3 M/V Pride.
Jon Attenburrow, managing director of FTAI Ocean, commented: “We are very pleased to be working with Expro, a world leader in well flow technology, with a global footprint and strong track record in subsea well intervention. We look forward to collaborating with Expro to offer clients the highest calibre of subsea intervention services on a global basis.”