China-based offshore and subsea solutions company, COOEC Offshore, has formed an alliance with international oilfield services company Expro.
The formal exclusive agreement allows both companies to expand its capabilities and resources, COOEC said in a statement on Sunday.
COOEC Offshore, as a division of COOEC, is an offshore engineering contractor servicing the full lifecycle of offshore from field development through field decommissioning.
“With over 22 specialized marine assets, subsea intervention equipment and in-house engineering, the venture into deepwater Riserless Well Intervention (RWI) will further strengthen the depth of service offering to industry,” the company said.
Expro, as a well flow management group, already maintains a position in subsea landing string and Well Intervention markets and has recently entered the riser-based intervention market with the Intervention Riser System (IRS).
As part of this alliance, RWI system provides a wire through-water integrated solution for carrying out intervention and/or abandonment operations on all types of subsea well.
Under the alliance, COOEC Offshore and Expro will deliver this new system to market in 2020, tested and ready for service. The system will be deployed off the new HYSY287 DP3 construction vessel with a dedicated handling and deployment system to facilitate slick and efficient well construction, well intervention and well plug and abandonment (P&A) activities.
Furthermore, with Expro’s recent acquisition of Quality Intervention (specializing in coiled tubing and annular integrity technologies), the propriety coil hose technology for open water will be a key exclusive capability onboard the vessel.
COOEC Offshore commercial director Brett Silich said: “This is an extremely significant alliance for both companies that wish to cement their position in the subsea well intervention market long into the future. Allowing us to use our respective key strengths, developed through solid offshore experience across the globe, to further enhance the highly specialized services we provide to our valued global customers.”
Expro Light Well Intervention Services (LWIS) Global Sales Manager, Kevin Illingworth, said: “The agreement is an opportunity for both companies to combine our efforts and provide a very attractive commercial alternative to rig-based intervention. It complements our range of services and ultimately the quality of well access and well intervention services available to our clients.”
Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.
Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.