XPRO - Expro secures contract for Advanced Subsea Technology

2023-07-05 05:25:32 ET

• Energy services provider Expro ( NYSE: XPRO ) has secured a three-year contract valued over $15 million, with a major operator for the first installation of its innovative single shear and seal bi-directional valve supports well safety and helps to reduce costs.
• The multi-functional single shear and seal mechanism will form part of a full subsea deepwater completion/intervention system being designed by Expro for a long-standing and valued customer for a deepwater subsea field at about 6,600ft in the Gulf of Mexico.
• The contract enhances Expro’s position as the top supplier of rented and specially designed subsea well access solutions.

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