International oilfield services company, Expro, is planning further expansion into Saudi Arabia following two lucrative contract wins worth USD 50M.
Expro announced the two-year deal with a major Saudi operator, which includes an option to extend for a further 12 months, at the 2013 ADIPEC conference in Abu Dhabi. The contracts will focus on providing integrated services procedures on 160 wells across four different sites in Udhailiyah, an eastern province of Saudi Arabia. As a result of the project, Expro will expand in the Kingdom, employing more staff – nearly doubling the size of business in the country.
Speaking at ADIPEC, Hussein Elsisi, Business Development Manager for Expro Middle East and North Africa, believes the strategic contracts win will further shape future activities in Saudi Arabia. "Saudi Arabia was identified as a country with high growth potential for Expro and we are delighted to cement our position through these key contracts", said Elsisi.
"Operational activity in the area continues at an elevated level due to the planned number of wells to be drilled in the next few years. With 40 years global experience in well flow management, we look forward to developing our presence in Saudi over the coming months and years."