Asia Pacific based TSmarine PTY Ltd is pleased to announce the signing of a multi-year service contract with Expro for provision of its DP2 Intervention Vessel Havila Phoenix and associated services.
Contracted under its new subsidiary SALT Subsea Ltd, TSmarine will support Expro's groundbreaking subsea well intervention system AX-S on a worldwide basis. The contract has a potential value of more than $100million.
AX-S (pronounced 'access') will change the way in which oil and gas companies can access and work on their subsea wells, saving them valuable time and money.
There are approximately 4,000 oil and gas producing subsea wells across the globe and this number is ever increasing. With many now over a decade old, these wells require ‘servicing' to allow for maximum oil and gas recovery. Current methods generally require the use of a rig to be positioned above the well while this work is carried out, which is a time-consuming, costly activity, with rig costs running at up to $1 million a day.
Expro's subsea solution is 35metres high and weighs 220 tonnes and is deployed from a monohull vessel. This system can be lowered on to any subsea well in up to 10,000ft of water which covers every subsea well in the world today. This allows Expro's AX-S system to provide a safer and cheaper alternative to what is currently available.
TSmarine will supply the vessel, Dual Schilling UHD Workclass ROV systems, specialised tooling packages, survey and positioning and overall Marine management of the vessel.
The choice of Schilling 4000metre rated UHD ROV systems by TSmarine provides compatibility with the AX-S control systems and sub-assemblies, further enhancing the inbuilt redundancy and reliability of the system.
The Havila Phoenix is a DP2 DNV-classed intervention vessel, built in 2009 at Havyard Leirvik yard, in Norway. The vessel is 110metres long and 23metres wide with a moonpool of 7.2metres x 7.2metres, and a 250tonne actively-heave compensated subsea crane.
The Havila Phoenix and AX-S will be mobilised in Europe, in October, following which Expro and TSmarine will undertake a series of significant and demanding offshore trials.
TSmarine Asia Pacific's chief executive John Edwards said: "TSmarine is very pleased to enter into this important contract with Expro and the AX-S technology. We believe we will prove the ideal partner for Expro's well intervention strategy by combining our integrated services of vessel, ROV, subsea positioning and marine operations with our own well intervention experience from ongoing operations in Asia Pacific."
Expro's AX-S managing director David Shand said: "I am extremely pleased to have signed this important contract with our new vessel and subsea support partner, TSmarine Asia Pacific, bringing AX-S one step closer to becoming operational. I am confident that both companies will become a successful team globally and our plans for AX-S will allow us to deliver to the highest standards for our customers."