Expro and FTAI Ocean LLC form well intervention vessel alliance

IEA March 21International oilfield service company Expro Group has formed an alliance with global vessel provider FTAI Ocean LLC (FTAI Ocean), a subsidiary of Fortress Transportation and Infrastructure Investors LLC to supply the DP3 M/V Pride well intervention vessel

The goal is to provide full light well intervention (LWI) services to the subsea oil and gas sector.

The exclusive three-year agreement allows both companies, which are globally recognised as safe providers of high-quality subsea well access and well intervention solutions, to expand their capabilities and resources to deliver a fully integrated intervention package to the industry. 

The new alliance creates a full service offering for the riserless and riser-based well intervention and P&A markets, providing all marine, ROV, well intervention, wireline, e-line, coilhose, subsea well access, hydraulic intervention, well planning, execution and offshore well management by a single supplier using one contracting entity.

FTAI Ocean is a leading marine services provider to the international offshore energy industries. Its expertise includes well intervention, subsea, umbilicals, risers and flowlines (SURF), offshore construction, inspection, repair and maintenance (IRM), remotely-operated vehicles (ROVs) and survey and positioning services.

Expro, as a premier well flow optimisation service provider, already maintains a leading position in the subsea landing string and well intervention markets, enhanced by its Riserless Well Intervention (RWI) and Intervention Riser System (IRS) equipment supply.

Graham Cheyne, Expro’s vice-president of well access and subsea, commented, “This partnership is a significant step forward for both companies. It will strengthen our position in the subsea well access and P&A markets combining our efforts to provide a bespoke project-specific complete subsea intervention package to meet our customers’ exact requirements.”

The services and technologies will be deployed under the alliance, and will be supported by the introduction of FTAI Ocean’s innovative well intervention smart tower system, which will expand the alliance’s LWI vessel services with the provision of both riser and riserless equipment and services.

 

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

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