Expro and FTAI Ocean Form Exclusive Well Intervention Vessel Alliance
International oilfield service company Expro Group (“Expro”) has formed an exclusive alliance with global vessel provider FTAI Ocean LLC (“FTAI Ocean”), a subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI), for the supply of the DP3 M/V Pride well intervention vessel to provide full light well intervention (“LWI”) services to the subsea oil and gas sector.
The exclusive three-year agreement allows both companies, which are globally recognised 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 (“SURF”), offshore construction, inspection, repair and maintenance (“IRM”), remotely operated vehicles (“ROVs”) and survey & positioning services.
Expro, as a premier well flow optimisation service provider, already maintains a leading position in the subsea landing string and well intervention markets, enhanced by its Riserless Well Intervention (“RWI”) and Intervention Riser System (“IRS”) equipment supply.
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