Expro bags tubular running services contract for Dutch CCS project

Expro has been awarded a significant contract to provide tubular running services for a pioneering carbon capture storage (CCS) project in the Netherlands. The initiative represents a major advancement in offshore energy transition, marking the country’s first large-scale offshore CCS storage system. This project, which involves the conversion of legacy offshore gas production wells into CO₂ injection wells, is a crucial step toward achieving emissions reduction goals while repurposing existing infrastructure.

With growing global emphasis on carbon capture storage, Expro’s proprietary tubular running services have become an essential component in tackling well construction challenges in highly corrosive environments. The project aligns with Expro’s commitment to advancing offshore energy solutions through cutting-edge technologies that ensure long-term well integrity assurance in CCS operations.

Why Is This Offshore CCS Project a Game Changer?

The offshore CCS project in the Netherlands is a strategic effort to significantly lower industrial carbon emissions by capturing and storing CO₂ underground. Instead of developing new injection wells, this initiative repurposes decommissioned offshore gas wells, reducing environmental impact and cost. The project includes recompleting and converting existing gas wells into CO₂ injection wells, decommissioning shallow wells to clear redundant infrastructure, and drilling platform slot recovery wells to optimize storage capacity.

By utilizing tubular running services specifically designed for corrosion-resistant alloy (CRA) tubulars, Expro ensures that injection wells maintain long-term structural integrity. Given the harsh CO₂ environment, maintaining robust well infrastructure is vital to the success of carbon capture storage projects. Industry analysts emphasize that offshore CCS solutions are essential in meeting carbon neutrality targets. The ability to repurpose wells for CO₂ injection significantly accelerates the transition to sustainable energy, making this project a model for future offshore CCS developments.

How Do Expro’s Tubular Running Services Improve Well Integrity?

A key challenge in carbon capture storage is ensuring that wells can withstand prolonged exposure to high-pressure CO₂. Traditional well materials degrade in such conditions, leading to potential well integrity assurance issues. Expro’s tubular running services address these challenges by employing advanced non-marking technology specifically designed for CRA tubulars, which are resistant to corrosion.

This proprietary technology prevents surface damage during installation, extending the operational lifespan of CO₂ injection wells. The ability to maintain high-precision installation while minimizing material degradation makes Expro’s tubular running services critical to the success of offshore CCS projects. Experts highlight that advanced well construction challenges solutions, like Expro’s, are becoming a necessity in energy transition projects. The integration of specialized tubular running services into CCS operations not only enhances safety but also optimizes performance, positioning Expro as a key player in sustainable offshore energy solutions.

What Does This Contract Win Mean for Expro’s Market Position?

Securing this contract strengthens Expro’s role as a market leader in offshore energy solutions and highlights its expertise in handling complex well construction challenges. The company has built a reputation for providing tubular running services that meet the highest industry standards, ensuring efficiency and precision in demanding offshore environments. This project aligns with Expro’s broader sustainability strategy, reinforcing its commitment to supporting energy transition challenges through innovation. The company’s well-established track record in delivering high-performance solutions places it at the forefront of the evolving CCS market.

Industry analysts note that Expro’s recent financial performance supports its growing market influence. The company reported a 3% increase in quarterly revenue, reaching $437 million in the fourth quarter of 2024, driven by expanded operations in Europe, Sub-Saharan Africa, and the Middle East. Adjusted EBITDA surged by 18%, reflecting strong operational execution. For the full year of 2024, Expro achieved $1.71 billion in revenue, a 13% increase from 2023, with adjusted EBITDA rising to $347 million, marking a 40% year-over-year growth. The company’s acquisition of Coretrax contributed an additional $88 million in revenue, reinforcing its growth strategy. With strong financial performance and strategic contract wins in CCS, Expro is well-positioned to capitalize on the growing demand for sustainable offshore energy solutions.

How Does This Project Fit Into the Future of Energy Transition?

As governments and corporations ramp up efforts to achieve carbon neutrality, carbon capture storage is emerging as a vital technology. Offshore CCS projects like this one play a critical role in mitigating industrial emissions, particularly for hard-to-abate sectors such as power generation and heavy industry. Expro’s involvement in this initiative underscores its leadership in energy transition challenges by delivering advanced technical expertise in well construction. By integrating tubular running services that enhance the reliability of CCS wells, Expro is helping to lay the foundation for a more sustainable offshore energy ecosystem.

Industry experts predict that successful execution of this project will serve as a benchmark for future CCS developments worldwide. As regulatory frameworks evolve and carbon pricing mechanisms gain traction, demand for tubular running services in CCS infrastructure is expected to surge, positioning Expro as a preferred partner for offshore energy solutions.

What’s Next for Expro?

With decades of experience in well construction challenges, Expro continues to expand its influence in both traditional and renewable energy markets. The company’s focus on technological innovation ensures that its tubular running services remain at the forefront of carbon capture storage advancements. Looking ahead, Expro aims to further integrate its specialized solutions into large-scale CCS projects across multiple regions. As the global shift toward decarbonization accelerates, Expro’s expertise in offshore energy solutions will be increasingly valuable.

This contract solidifies Expro’s position as a leader in CCS technology, showcasing its ability to deliver advanced technical expertise in well construction for carbon capture storage. By leveraging its proprietary tubular running services, the company is actively shaping the future of offshore energy solutions, driving both industry progress and long-term sustainability.