Bethel Finances: UK co Expro wins $27m Tamar drilling contract

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Bethel Finance news:

Expro will provide Noble Energy with specialist well testing and deep sea services and equipment.

Noble Energy Inc. (NYSE: NBL) has awarded a $27 million contract to UK company Expro International Group Ltd. for deep-sea drilling operations.

Expro will implement development operations for drilling the Tamar gas field using the Sedco Express rig, and will also be involved in Noble Energy's exploration plans using the Pride North America rig. The Tamar gas field is off the coast of Hadera.

Expro will provide Noble Energy with specialist well testing and deep sea services and equipment, including a high flow rate well testing package and large bore subsea safety systems.

Expro has a proven track record of providing custom-designed solutions for the oil and gas industry and offers a comprehensive package of support services and products for exploration stage drilling and investigations in assessing discoveries. The company is active in deep water energy exploration projects worldwide in Africa, the Gulf of Mexico and Brazil.

This is the largest contract ever signed by Expro in the Mediterranean region and represents a significant expansion by the company in the region.

Expro Europe CIS regional director Keith Palmer said: “Expro’s track record in deep water means we are well positioned to move in to new markets and bring the benefits of our leading-edge technologies to our customers. This is a significant win for Expro’s Continental Europe team.”