Monday, July 23, 2012
Leading international oilfield services company Expro has been awarded a contract to provide equipment and services in support of Xcite Energy's 90 day extended well test in the Bentley Field.
Located in Block 9/3b. 160km's east of the Shetlands, the Bentley Field is said to contain 116 million barrels of proven and probable reserves. Expro has been contracted to provide heavy oil well testing and data management services through drilling and completions company ADTI on the Rowan Norway jack-up rig, in a contract valued at about $12m (£8m).
Expro has been providing extended well testing services in the North Sea and internationally since 1983 and is recognised as a global leader in the delivery of fast track production facilities.
Gary Belcher, Expro's President of testing & production, said: 'We are very pleased to be working with Xcite Energy and ADTI as part of the Bentley development project.
'Our portfolio of services allows us to support our customers across the entire life cycle of their well through exploration, appraisal, development, production and the eventual abandonment.
'With an increasing demand and depleting reserves, development and restructuring of marginal and mature fields will continue to be key for our clients. Expro's operational competence, extensive equipment inventory and in-house engineering capability coupled with a proven track record of facilities design and delivery provides our customers with the ability to secure new or incremental production safely, quickly and economically.
'This early production or extended well test provides further data to accurately model the potential of their reservoir whilst delivering early cashflow and allowing optimisation of any permanent facility designs.'
This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More
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