Expro (NYSE: XPRO), a leading provider of energy services has been awarded major contracts from OMV Petrom, totalling more than $10 million USD for the Neptun Deep gas project in the Black Sea.
The contracts involve Expro’s subsea landing string (SSLS), SeaCure® cementing technology, tubular running services (TRS) and Coretrax Advance drilling tools to support the project in offshore Romania.
Neptun Deep is the largest natural gas project in the Romanian Black Sea and is essential for Romania’s energy supply.
The two contracts mark the latest stage in Expro’s growth in Romania. Recent investments by the company include opening a new office in Bucharest, setting up a new operational base, and a program to grow its Romanian-based staff.
Andrei Ion, Expro Senior Area Manager in Europe Mediterranean and Caspian, said: “With the awarding of these contracts, Expro is progressing our plans to expand our operations and strengthen our support of the energy industry in eastern Europe and beyond.
“Neptun Deep is an important energy project for Romania. We are proud of being selected to support this important development.”