Engage Xr Regulatory News (EXR)

31 May 2006 07:02

Expro International Group PLC31 May 2006 Embargoed until 07.00 Wednesday, 31 May 2006 EXPRO INTERNATIONAL GROUP PLC Expro Announces £46 million of Contract Wins Expro International Group PLC ("Expro" or the "Group") today announced the awardof contracts totalling £46 million. The awards are geographically spreadthroughout both its Global and Regional Businesses. In the Global Businesses, where Expro has strong technical positions, £20million of new business was secured in the subsea safety tools segment with BHPand Shell in the Gulf of Mexico and from increased scope of work on thepreviously announced ground breaking deepwater Tahiti project for Chevron.Contracts with Woodside for the provision of the GOLD onsite fluids analysissystem and a small Early Production Facility (EPF) in Indonesia are valued at £6million. The Regional Businesses, where Expro provides product and service on a call-offbasis from its comprehensive global infrastructure, also recorded wins of £20million from contracts with Repsol, bp, Total and First Calgary in Algeria, aswell as Woodside in Mauritania and Libya and British Gas in Tunisia. Thesecontracts were mainly for the provision of well testing and data acquisition. The total of these awards has helped Expro achieve record levels of orderbacklog, which now stands at £419 million across the Group. Conversion of thebacklog to revenue varies from contract to contract, with some phased out over3-5 years improving the visibility of future revenue streams. Commenting on today's announcement, Group CEO Graeme Coutts said: "Expro placesa great deal of emphasis on customer care in carrying out our strategy. This hasenabled the Group to be well positioned to assist our clients as marketconditions have steadily improved. The level of our order backlog confirms thestrength of our approach, and indeed the equally positive level of customerenquiries continues to support our view that the market for late cycle upstreamservices has not yet peaked." - Ends - For further information please contact:Expro International Group PLC 0118 959 1341Graeme Coutts, CEOMichael Speakman, Finance Director Weber Shandwick Square Mile 020 7067 0700James Chandler / Rachel Taylor / Stephanie Badjonat Note to Editors: Expro is one of the leading UK international oilfield services companies,supplying services and products fundamental to the safe, efficient and economicexploitation of hydrocarbon reserves. Expro provides the international oil andgas industry with a range of high value added, differentiated services focusedon improving well-performance and optimising well production in a safe andenvironmentally friendly way. The Expro Group employs over 2,300 people andoperates in fifty countries worldwide. For more information, please refer to theGroup's website at www.exprogroup.com. This information is provided by RNS The company news service from the London Stock Exchange