Expro, an oilfield services company, has secured a five-year master services agreement with Repsol Sinopec Resources UK Limited, for well services across assets in the UK sector of the North Sea.
The contract is valued at $8 million/£5 million for the first calendar year, which will be reviewed on an annual basis – including options to extend beyond the initial term, Expro has informed.
This contract award includes well intervention services across all of Repsol Sinopec’s UK North Sea assets for production assurance and enhancement, well integrity, subsea, reservoir and decommissioning and abandonment applications.
The wireline and cased hole logging services include personnel to supervise all offshore intervention activity, including slickline and electric line conveyance, memory and real time cased hole logging (including production logging and calliper services), explosive and perforating services, downhole cameras, gauges and sampling.
Expro’s UK Area Manager, Gary Sims, said: “Securing this significant agreement gives a major boost to our UK well intervention business, as we work hard to maintain contracts with valued, long term customers.”