Two providers of subsea and well intervention solutions, China based offshore and subsea solutions company COOEC Offshore and oilfield services company Expro, have formed an alliance agreement to expand capabilities and resources.
COOEC Offshore, as a division of COOEC, is an offshore engineering contractor servicing the full lifecycle of offshore from field development through field decommissioning. With more than 22 specialized marine assets, subsea intervention equipment and in house engineering, the venture into deepwater riserless well intervention (RWI) will further strengthen the depth of service offering to industry.
Expro, a well flow management group, is already established in the subsea landing string and well intervention markets and has recently entered the riser-based intervention market with the Intervention Riser System (IRS). As part of this alliance, the RWI system provides a field proven, established and reliable wire through-water integrated solution for carrying out cost effective intervention and/or abandonment operations on all types of subsea well.
Under the alliance, COOEC Offshore and Expro will deliver this new system to market in 2020, tested and ready for service. The system will be deployed off the new HYSY287 DP3 construction vessel with a dedicated handling and deployment system to facilitate slick and efficient well construction, well intervention and well plug and abandonment (P&A) activities. Furthermore, with Expro’s recent acquisition of Quality Intervention (specializing in coiled tubing and annular integrity technologies), the propriety coil hose technology for open water will be a key exclusive capability on board the vessel.
The alliance ensures minimal interfaces, integrated management teams and the majority of the services being delivered in-house.
COOEC Offshore commercial director, Brett Silich, said, “This is an extremely significant alliance for both companies that wish to cement their position in the subsea well intervention market long into the future. Allowing us to use our respective key strengths, developed through solid offshore experience across the globe, to further enhance the highly specialized services we provide to our valued global customers.”
Expro Light Well Intervention Services (LWIS) Global Sales Manager, Kevin Illingworth, said, “The agreement is an opportunity for both companies to combine our efforts and provide a very attractive commercial alternative to rig-based intervention. It complements our range of services and ultimately the quality of well access and well intervention services available to our clients. Both parent groups have a long standing and close working relationship that ensures deep collaboration.”
COOEC Offshore will continue to focus on its international expansion while growing its network of international alliance partners.
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