Expro Awarded Contract With INPEX for Carbon Capture Utilization and Storage Pilot Project
January 23 2024 - 4:00AM
Business Wire
Tubular Running Services Supports Carbon
Storage Development for Japan’s First Clean Hydrogen Production
Demonstration Project
Energy services provider, Expro Group Holdings N.V. (NYSE: XPRO)
(the “Company” or “Expro”), has secured a new Carbon Capture
Utilization and Storage (CCUS) contract with INPEX Corporation for
the Kashiwazaki Clean Hydrogen/Ammonia project which is Japan’s
first clean hydrogen production demonstration project.
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Expro's Rotary Spider system (Photo:
Business Wire)
Expro’s work scope, will include the delivery of tubular running
services for multiple sections of casing, liner and tubing across a
12-month period. This comprehensive scope covers one production
well, one injection well, and one monitoring well. The company’s
range of technologies for handling and running tubulars is designed
to enable safe and efficient operations, while providing maximum
protection to downhole equipment.
Expro’s Chief Operating Officer, Alistair Geddes said “Expro's
long-standing relationship with INPEX, supported by our expertise
in tubular running services, played a pivotal role in securing this
contract.
“Carbon storage sites are a fundamental part of clean hydrogen
projects and ensuring the long-term integrity of those wells is
imperative. Across our portfolio of Well Construction services, we
provide technologies that enhance well integrity during the
drilling and completions phases.”
The Kashiwazaki Clean Hydrogen/Ammonia project is a key
milestone in Japan’s energy security journey to help produce clean
energy from domestically sourced gas. This will be the country's
first project to build an integrated hydrogen and ammonia value
chain from production to usage.
Alistair Geddes added “We are proud to be a part of this
demonstration project that aligns with Expro’s and the industry’s
efforts to reduce carbon emissions, whilst advancing our
Sustainable Energy Solutions. We have supported CCUS globally for
over 10 years, gaining invaluable experience in executing
operations with excellent results, and continue to believe it is a
key industry enabler to support our own and our clients' net-zero
goals.”
Notes to Editors:
Expro
Working for clients across the entire well life cycle, Expro is
a leading provider of energy services, offering cost-effective,
innovative solutions and what the Company considers to be
best-in-class safety and service quality. The Company’s extensive
portfolio of capabilities spans well construction, well flow
management, subsea well access, and well intervention and integrity
solutions.
With roots dating to 1938, Expro has approximately 8,000
employees and provides services and solutions to leading
exploration and production companies in both onshore and offshore
environments in approximately 60 countries.
For more information, please visit expro.com and connect with
Expro on X (formerly Twitter) @ExproGroup and LinkedIn @Expro.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release, and oral statements made from time to time
by representatives of the Company, may contain certain
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include statements regarding, among other things, the
success of technologies associated with carbon capture utilization
and storage and the Company’s environmental, social and governance
goals, targets and initiatives, and are indicated by words or
phrases such as "anticipate," "outlook," "estimate," "expect,"
"project," "believe," "envision," "goal," "target," "can," "will,"
and similar words or phrases. These forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause actual results, performance or achievements to be
materially different from the future results, performance or
achievements expressed in or implied by such forward-looking
statements. Forward-looking statements are based largely on the
Company's expectations and judgments and are subject to certain
risks and uncertainties, many of which are unforeseeable and beyond
our control. The factors that could cause actual results,
performance or achievements to materially differ include, among
others the risk factors identified in the Company’s Annual Report
on Form 10-K, Form 10-Q and Form 8-K reports filed with the
Securities and Exchange Commission. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events,
historical practice, or otherwise.
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