Expro scores ‘major’ North Sea plug and abandonment win in UK waters
What happened
Expro won a multi-million-pound plug-and-abandonment deal on the UK Continental Shelf to support a portfolio of mature subsea wells. The contract includes a large-bore subsea test tree assembly and covers six firm wells with six optional wells, making it a multi-well mobilisation program rather than a one-off. Watch whether suppliers start shortening quote validity or require reservation terms as the program proceeds
Why the category manager should care
Treat multi-well P&A awards as a real capacity bind: suppliers can prioritise these frames and shorten availability windows, so buyers must lock mobilisation terms earlier
Key facts
- Includes 7-3/8” large-bore subsea test tree assembly scope
- Six firm wells with six optional wells included