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Expro Sponsors Parliamentary Reception on Subsea Industry Future

30th May 2008

30 May 2008

Leading international oilfield service company Expro is the main sponsor of a Parliamentary reception organised by Subsea UK to discuss the future of the country’s subsea oil and gas industry.

The reception will be held on June 3 in the House of Commons and will be hosted by Frank Doran MP, and attended by Minister for Energy Malcolm Wicks, fellow MPs, Peers and leading figures from the subsea industry. The event will focus on current successes in the industry and its forthcoming prospects.

Expro was named recently as Subsea Company of the Year at Subsea UK’s business awards. As an international market leader in key subsea technologies, including subsea landing strings, valve technology and connection and measurements systems, Expro has been involved in many successful oil and gas developments across the world. The UK North Sea remains a major part of its subsea business, with recent successes including the BP Clair project, which saw the world’s first successful application of Expro’s award-winning Cableless Telemetry System (CaTS™) for the monitoring of the reservoir pressure and temperature response in an abandoned subsea well.

Expro’s commitment to the subsea sector is taking a step change with major investment in the development of AX-S, a rigless system which will allow wireline intervention in wells from vessels and will be capable of operating in deepwater environments, further strengthening Expro’s position as a leading innovator in subsea technology.

Expro recently put in place a three-year programme of Excellence in Operations, focusing on safety, service quality and customer care, with the clear aim of being recognised as the industry leaders in delivering operational excellence to its customers.

Graeme Coutts, Expro’s Chief Executive Officer, said: “As the world struggles to find and produce additional hydrocarbons, the focus will increasingly switch to offshore and deepwater provinces. It is very clear that the use of subsea as the preferred development technique is now adopted by oil and gas producers world wide. This method of field exploitation has shaken off its niche tag and has become widely embraced as a core activity.

“Subsea developments are also used to support ageing offshore provinces, such as the North Sea, as a cost-effective way to connect stranded hydrocarbons to host infrastructure. This latter point has driven innovation by UK-based companies ahead of most other countries, giving the UK real global technology leadership in a rapidly growing sector.

“The Parliamentary reception organised by Subsea UK is an ideal platform for politicians and key industry figures to discuss the way ahead and we were delighted to lend our support as Subsea UK’s Subsea Company of the Year.”