New Contract Win

6th December 2000


New contract wins of £50million for Expro



Expro International Group PLC, the UK's leading oilfield services company, announced today contract awards of £50m. 

The Company provides products and services for production optimisation of existing fields, deepwater field development and production of small fields.

The two largest orders relate to small field production projects, one in Iran for Shell (£18m) and the other for Brovig in Tunisia (£10m), both due to commence in the summer of 2001.

The Soroosh field is offshore Iran, where Expro has teamed up with joint venture partner Swire Pacific to provide and operate an early production system.  The joint venture interest was formerly held by PTI, which was acquired by Expro earlier this year.  This contract represents Expro's first major step into the market in the Middle East.

Expro will provide and operate the production facilities for Brovig on board their FPSO to be installed in the Isis field offshore Tunisia.

Expro have secured a major field rejuvenation project in Kazakhstan with Baker Hughes for the Agip/BG consortium, with an initial value to Expro of £9m. 

Other contract awards include BP Colombia, Sante Fe Indonesia and Chevron Equatorial Guinea.

John Dawson the CEO said 'We have been working on these projects for many months, we knew our client commitment was there, but now to see them converted to orders unfolding over the next few years means the industry is now getting back to work.  We saw this six months ago in North America but it is heartening to see confidence spreading to other global markets'.

For further information:

Expro International Group PLC	On 6th December: 020 7253 2252
John Dawson, Chief Executive	Thereafter: 01189 591341
Eric Woolley, Group Finance Director

Golin/Harris Ludgate	020 7253 2252
Robin Hepburn
Denise Peplow