Expro Wins Contract to Support Plug and Abandonment Campaign

HOUSTON--(BUSINESS WIRE)--Dec 16, 2024--

Energy services provider Expro (NYSE: XPRO) has been awarded a contract valued at over $10 million for the provision of a well decommissioning solution. The solution combines subsea safety systems and surface processing design to enable both safe entry to the well and effective management of well fluids.

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From its global support hub in Aberdeen, Expro will provide a surface fluid management package and its market-leading 7-3/8” large-bore subsea test tree assembly (SSTTA) with surface tree and controls, providing dual barrier and disconnect capability to facilitate re-entry into the subsea wells.

Expro has supplied subsea safety systems and well test equipment to this client for almost 15 years and was involved in the construction of many of the 52 wells now being plugged and abandoned (P&A’d). This demonstrates Expro’s ability to provide technical solutions across the entire well lifecycle.

With an unrivalled portfolio of standard and bespoke subsea solutions, Expro offers subsea well access systems that interface with any Christmas tree type and can operate in open water or within a drilling riser with blow-out preventer. Expro’s surface well test systems equally provide industry-leading solutions that can be configured to specific well conditions and customer requirements.

Iain Farley, Expro’s Regional Vice President for Europe and Sub-Saharan Africa said: “Having been involved in the development phase for many of these fields, we have gained a life of well experience that will be invaluable for this P&A campaign. Our expertise and know how will help deliver key technical and commercial benefits for the client across the project.

“The contract reinforces our reputation as the leading provider of subsea safety systems and surface well test equipment, including within the P&A sector. It demonstrates our commitment to delivering best-in-class equipment, allied with the highest standards of safety and service quality that Expro is renowned for.”

Notes to Editors:

Expro

Working for clients across the well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company considers to be best-in-class safety and service quality. The Company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions.

With roots dating to 1938, Expro has approximately 8,500 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in approximately 60 countries.

For more information, please visit and connect with Expro on Twitter @ExproGroup and LinkedIn @Expro.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release, and oral statements made from time to time by representatives of the Company, may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, the Company’s delivery of safe, reliable and environmentally secure subsea well access, the Company’s environmental, social and governance goals, targets and initiatives, and future growth, and are indicated by words or phrases such as "anticipate," "outlook," "estimate," "expect," "project," "believe," "envision," "goal," "target," "can," "will," and similar words or phrases. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on the Company's expectations and judgments and are subject to certain risks and uncertainties, many of which are unforeseeable and beyond our control. The factors that could cause actual results, performance or achievements to materially differ include, among others the risk factors identified in the Company’s Annual Report on Form 10-K, Form 10-Q and Form 8-K reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, historical practice, or otherwise.

SSTTA String (Photo: Business Wire)

WASHINGTON (AP) — President Joe Biden will sign a proclamation Monday establishing a national monument honoring the late FDR-era Labor Secretary Frances Perkins, the first woman appointed to serve in a presidential Cabinet and a driving force behind the New Deal, according to the White House.

Biden is expected to visit the Labor Department on Monday to formally make the announcement and sign the proclamation that will establish the monument in Newcastle, Maine, the White House said.

As labor secretary, Perkins helped President Franklin D. Roosevelt formulate policies behind the 1930s New Deal and create safeguards in the national economy following the Great Depression.

During her 12 years as Roosevelt's labor secretary, she is credited with helping establish the Social Security Act, the Fair Labor Standards Act, and the National Labor Relations Act that established workers' rights to organize and collective bargaining.

“Frances Perkins accepted the position as the first female Cabinet member only after President Franklin D. Roosevelt agreed to support her goals to improve working conditions for all people,” Interior Secretary Deb Haaland said in a statement. “She worked tirelessly to see them to fruition, and she set a standard of excellence that is a beacon for all of us who serve.”

The proclamation calls for the establishment of the national monument in Newcastle, Maine, where Perkins and her family had deep roots and where she was buried after her death in 1965. The monument would be established on her family homestead and managed by the National Park Service.

Biden is expected to be joined by Haaland, acting Labor Secretary Julie Su, other Cabinet members as well as labor and women's right leaders for the signing.

The proclamation announcing the establishment of the monument comes with just over five weeks left in Biden's presidency and as he seeks to burnish his legacy as a champion of women and labor rights.

The White House said Biden in his remarks later Monday will honor Perkins' legacy. He'll also speak to his record over the last four years on labor issues.

Haaland toured the Frances Perkins homestead in August and met with community leaders to discuss the historic site.

Haaland on Monday also announced five new national historic landmarks recognizing women’s history: The Charleston Cigar Factory in Charleston, South Carolina; The Furies Collective, and Lucy Diggs Slowe and Mary Burrill House, both in Washington, D.C.; Azurest South in Petersburg, Virginia; and the Peter Hurd and Henriette Wyeth House and Studios in San Patricio, New Mexico.

Interior Secretary Deb Haaland, right, and Bryan Newland, Assistant Secretary for Indian Affairs at the Department of the Interior, left, present President Joe Biden with an Eighth Generation blanket from a tribally-owned business, embroidered with "Joe Biden Champion for Indian Country," at the 2024 White House Tribal Nations Summit at the Department of the Interior in Washington, Monday, Dec. 9, 2024. (AP Photo/Susan Walsh)

President Joe Biden, accompanied by Vice President Kamala Harris, left, and first lady Jill Biden, right, delivers his remarks at the Democratic National Committee's Holiday Reception at Willard Hotel in Washington, Sunday, Dec. 15, 2024. (AP Photo/Jose Luis Magana)