Expro Recognized for Well Intervention Technology

Press Release
Tuesday, March 20, 2012

International oilfield services company Expro has won the Offshore Achievement Innovator Award in recognition of its ground-breaking AX-S subsea well intervention technology.

The Innovator Award, which was presented at a ceremony in Aberdeen on 15 March, recognizes excellence in innovative technological solutions developed in the UK for the offshore energy sector.

 “Subsea and deepwater well intervention are increasingly important, as operators look to extend reservoir life and maximize production,” said David Shand, AX-S managing director. Fundamentally AX-S reduces risk, increases recovery, improves safety and minimizes environmental impact to subsea well operators worldwide. After seven years of dedication to the development of AX-S, it is extremely rewarding to be recognized by the industry for our efforts.”

AX-S is a remotely-operated, cost-effective intervention system, operated from a mid-sized construction vessel. AX-S will change the way in which oil and gas companies can access and intervene on their subsea well assets at any water depth down to 10,000 feet.

The award comes only five months after the company signed its first long-term frame agreement with Total E&P UK Ltd. to further advance the technology.



 


People & Company News

Kongsberg Performs Well in Q2

Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends,

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

MN100: Conrad Shipyard

The Company: Conrad Shipyard was established in 1948 and is headquartered in Morgan City, Louisiana. The company designs, builds and overhauls tugboats, ferries,

Technology

Scorpene Submarine Data Leak: Setback to Indian Navy

India has began multiple investigations to determine the extent of damage caused by the reported massive leak of secret data detailing the combat and stealth capabilities

NOAA Engineers a Better Current Sensor for Mariners

Navigating into seaports is now safer and more efficient for mariners thanks to improved NOAA technology that ships rely on to give them information about currents.

SMM 2016: World Premieres from around the Globe

Some 50,000 trade visitors from the whole of the world are expected in Hamburg for the start of SMM in less than two weeks. And once again, it is fully booked – with a total of more than 2,

Offshore

Onshore Spending on the Cusp of Recovery?

DW’s recently released quarterly World Oilfield Services Market Forecast (OFS) and World Oilfield Equipment Market Forecast (OFE) continue to suggest 2016 will

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1466 sec (7 req/sec)