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Business News of Friday, 26 June 2015

Source: GNA

Expro secures $100 million Tullow Oil contract

International oilfield services company, Expro, has been awarded new contracts from Tullow Oil plc, Africa’s leading independent oil company, according to a statement issued in Accra and copied to Ghana News Agency.

Worth in excess of $100 million over three years, the contracts would see Expro work across Tullow Oil’s assets in Ghana, including the Jubilee Field and the Tweneboa-Enyenra-Ntomme (TEN) field project.

Following on from Expro’s phase one contract for Jubilee, involving more than 10 completions, the company has been awarded continued services for phase 1a- this covers completions on new wells for Jubilee, as well as interventions and remedial work.

A number of Expro’s product lines and services would be utilised, including large bore subsea completion landing strings, subsea exploration and appraisal landing strings, high flow rate surface well testing and sampling services. The TEN project would also see Expro provide subsea completion work in all planned wells.

The company has invested more than $32m in Ghana since entering the market in 2008 to support key clients such as Tullow.

Riccardo Muttoni, Expro’s Sub-Saharan Africa Region Director, said: “We are delighted to work with Tullow in delivering a range of world class projects, strengthening our existing partnership and delivering value to their Ghanaian business.

“These contracts build on investments Expro has made over the past five years including the establishment of our world class operating facility in Takoradi. We are proud that 70 per cent of our workforce in-country, including 20 graduate engineers, is Ghanaian, which we are looking to increase to 85 per cent by 2017.”

Charles Darku, Tullow Ghana’s General Manager, said: “We look forward to utilising Expro’s expertise in the offshore environment to deliver our key projects in Ghana. Major investments have been undertaken to date by both Tullow and Expro, with emphasis on local content development plans to further create opportunities for local businesses and people.”

Expro’s Sub-Saharan Africa operational headquarters are in the Ghanaian capital, Accra.