XPRO - Expro wins four subsea well contracts in Asia/Australia worth over $50M

Expro (NYSE:XPRO) has won four significant subsea well access contracts in South East Asia and Australia worth in excess of $50M, two contracts in Australia and two in Malaysia. In Australia, the company has won a multi-million dollar contract for the abandonment of 18 subsea wells and the removal of open water production trees. In Malaysia, Expro has been awarded a seven-figure contract for the provision of large bore electro hydraulic subsea landing string equipment for a new subsea deepwater campaign. Shell has also awarded the company a substantial contract for the provision of a subsea landing string integrated package for the Gumusut-Kakap deepwater field in Malaysia. The contract is for a fixed scope of work on four development wells. Mrinal Vohra, Expro’s Region Vice President of Asia Pacific, added: “Expro’s excellent safety record, coupled with our service quality performance and extensive operational knowledge in Asia and Australia, ensures we

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Expro wins four subsea well contracts in Asia/Australia worth over $50M