China based offshore and subsea solutions company, COOEC Offshore and international oilfield services company Expro have formed international Riserless Well Intervention (RWI) alliance.
The formal exclusive agreement allows both companies to expand its capabilities and resources.
Expro has recently entered the riser-based intervention market with the Intervention Riser System (IRS)
Under the alliance, COOEC Offshore and Expro will deliver this new system to market in 2020, tested and ready for service. The system will be deployed off the new HYSY287 DP3 construction vessel with a dedicated handling and deployment system to facilitate well construction, well intervention and well plug and abandonment (P&A) activities.
Furthermore, with Expro’s recent acquisition of Quality Intervention (specializing in coiled tubing and annular integrity technologies), the propriety coil hose technology for open water will be a key exclusive capability onboard the vessel.
COOEC Offshore commercial director Brett Silich said: “This is an extremely significant alliance for both companies that wish to cement their position in the subsea well intervention market long into the future. Allowing us to use our respective key strengths, developed through solid offshore experience across the globe, to further enhance the highly specialised services we provide to our valued global customers.”
Expro Light Well Intervention Services (LWIS) global sales manager, Kevin Illingworth, said: “The agreement is an opportunity for both companies to combine our efforts and provide a very attractive commercial alternative to rig-based intervention. It complements our range of services and ultimately the quality of well access and well intervention services available to our clients. Both parent groups have a long standing and close working relationship that ensures deep collaboration.”