International oilfield service company Expro Group has formed an exclusive alliance with global vessel provider FTAI Ocean LLC, a subsidiary of Fortress Transportation and Infrastructure Investors LLC, on March 17 for the supply of the DP3 M/V Pride well intervention vessel to provide full light well intervention services to the subsea oil and gas sector.
The exclusive three-year agreement allows both companies, which are globally recognized 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, offshore construction, inspection, repair and maintenance, ROVs and survey and positioning services.
Expro, as a premier well flow optimization service provider, already maintains a leading position in the subsea landing string and well intervention markets, enhanced by its riserless well intervention and intervention riser system equipment supply.
“This partnership is a significant step forward for both companies,” Graham Cheyne, Expro’s vice president of well access and subsea, said. “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.
Both 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.
Expro and FTAI Ocean will offer the new integrated smart tower system, which has been designed, tested, and classed to DNV standards. The system, operational in water depths up to 1,500 m in riser mode and 2,500 m in riser-less mode, will be installed on the flagship DP3 M/V Pride offshore construction vessel.