
Expro Wins Well Test Contract for Major UK CCS Project
ABERDEEN, Scotland--(BUSINESS WIRE)--Energy services provider, Expro (NYSE: XPRO), has secured a key contract to deliver integrated well testing services for a high-profile carbon capture and storage (CCS) project offshore UK.
This award follows soon after the industry's much anticipated December 2024 award of the first ever carbon storage permit by the UK Regulator, the North Sea Transition Authority (NSTA), to the Northern Endurance Partnership (NEP) for the storage of carbon dioxide in the Endurance reservoir located off the North-East Coast of England.
Expro has been commissioned by NEP to provide critical services that will be needed to appraise two wells in the Endurance reservoir for future CCS suitability.
The production and injection testing of the Endurance aquifer will provide important information that will be used to characterize the reservoir as part of the East Coast Cluster field development plan. Expro will deliver operations using capabilities and technologies from its well testing, fluid sampling and analysis, and subsea business segments. To provide a fully integrated CCS appraisal solution, Expro has selected Baker Hughes to provide its electrical submersible pumps (ESP) and Metrol Technology for Drill Stem Testing (DST), Downhole Data Acquisition and Wireless Telemetry Services.
The Endurance reservoir has the capacity to store up to 450m tonnes of CO 2. It is regarded as critical to achieving UK Government CCS targets of 20-30 million tonnes of CO 2 a year by 2030 and over 50 million tonnes a year by 2035.
Northern Endurance Partnership (NEP) is a joint venture between bp, TotalEnergies, and Equinor. It was formed in 2020 as the East Coast Cluster CO 2 transportation and storage provider, which will transport and store CO 2 emissions from the Teesside and the Humber industrial clusters.
The contract is expected to safeguard local jobs in the North-East of Scotland, reinforcing Expro's long-standing presence in the region. The company's well test team will be based at its regional center of excellence in Aberdeen, ensuring operations are delivered utilizing local expertise. In its commitment to regional economic development, Expro will also prioritize engagement with UK-based suppliers, helping to strengthen and sustain the national energy supply chain.
Expro has more than 20 years' experience in supporting CCS projects around the world, including the Northern Lights project in Norway. The company also has a 50-year-plus heritage of supporting the energy industry in the North Sea.
Iain Farley, Regional Vice President for Europe and Sub-Saharan Africa at Expro said: 'Our success in securing this contract for the Northern Endurance Partnership demonstrates Expro's ability to use our reservoir appraisal and well test capabilities, that have traditionally been used for the development of oil and gas reservoirs, to help kick-off the carbon storage industry in the UK. Expro is proud of both playing a key role in helping to decarbonize the UK and in the confidence that the Northern Endurance Partnership has placed in Expro to successfully deliver this project.
'This contract win builds on the success of the integrated well testing services that Expro has also provided to Equinor for the Northern Lights CCS project in Norway. It also demonstrates our commitment to the UK's CCS program and the opportunities it is expected to create for local employment, economies, and supply chains.'
Notes to Editors
Working for clients across the well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company considers to be best-in-class safety and service quality. The Company's extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions.
With roots dating to 1938, Expro has approximately 8,500 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in more than 50 countries.
For more information, please visit and connect with Expro on Twitter @ExproGroup and LinkedIn @Expro.
This press release, and oral statements made from time to time by representatives of the Company, may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, the success, safety, efficiency and sustainability of the Company's tubular running services technologies, the Company's environmental, social and governance goals, targets and initiatives, and future growth, and are indicated by words or phrases such as "anticipate," "outlook," "estimate," "expect," "project," "believe," "envision," "goal," "target," "can," "will," and similar words or phrases. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on the Company's expectations and judgments and are subject to certain risks and uncertainties, many of which are unforeseeable and beyond our control. The factors that could cause actual results, performance or achievements to materially differ include, among others the risk factors identified in the Company's Annual Report on Form 10-K, Form 10-Q and Form 8-K reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, historical practice, or otherwise.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


New York Times
11 minutes ago
- New York Times
Southampton owner Dragan Solak open to investors but ‘selling the club never on my mind'
Southampton owner and chairman Dragan Solak has confirmed he has no plans to sell the club, but says he would welcome future investment from partners. Solak is the lead investor of Sport Republic, the investment firm that bought an 80 per cent stake in Southampton in 2022, and became the club's chairman in January after Henrik Kraft stepped down. Advertisement Southampton were relegated from the Premier League in April with seven games remaining. Manager Russell Martin was sacked in December and his successor, Ivan Juric, was dismissed in April after winning only one of his 14 league games in charge. Will Still, who left Ligue 1 side Lens at the end of the season, has now taken over. After some suggestions in April that Solak may look to move on from Southampton, the 60-year-old told the BBC a sale 'is not part of any plan'. 'I never had any plans of selling the club,' Solak said. 'I might invite some partners to join me when and if we (are promoted) to the Premier League because I think we will need maybe more base to invest and to be even better, but selling the club was never on my mind. 'I was thinking much more about this 10-year project of how to develop the club commercially and financially so it is more robust and less dependent on TV rights. 'My love for Southampton and respect and loyalty are just growing through all this.' Southampton finished the 2024-25 campaign with 12 points, only one above the lowest ever total in a Premier League season, set by Derby County in 2007-08. Solak pointed to the departure of Jason Wilcox, their director of football, as a factor. Wilcox became Manchester United's technical director in April 2024, and is now their director of football, but was not replaced ahead of Southampton's return to the Premier League. 'We suddenly lost a man who started building something and unfortunately we didn't replace him fast enough,' Solak said. 'We went into the challenges of the Premier League without a leading figure in our football department and that was very, very costly.' Johannes Spor was appointed in February as group technical director by Sport Republic, which also owns Turkish side Goztepe and French club Valenciennes. Southampton will discover their Championship fixtures next Thursday when the schedule is released by the English Football League. Still's side have made one signing so far this summer, bringing in Joshua Quarshie from German side Hoffenheim.
Yahoo
12 minutes ago
- Yahoo
UK paytech firm Icon Solutions gets funding from UBS
Icon Solutions, a UK-based payment technology company, has secured equity investment from UBS, with additional funding from existing stakeholders Citi and NatWest. Financial terms of the transaction remain undisclosed. This capital infusion is intended to support the ongoing development and strategic trajectory of the Icon Payments Framework (IPF). The IPF is a developmental framework designed to assist banks in the rapid transformation of their payment infrastructure. It allows financial institutions to independently build, test, and implement payment processing solutions, maintaining full oversight of project timelines and costs. Icon Solutions co-founder and director Tom Kelleher said: 'With IPF now internationally proven and increasingly adopted by major financial institutions, we look forward to continuing our close partnerships with Citi, NatWest and UBS to build on this global momentum and deliver truly innovative and ground-breaking payments solutions.' UBS GWM Switzerland & International personal & corporate banking Group Operations and Technology Office (GOTO) head Pieter Brouwer stated: 'This investment reinforces our partnership with Icon and confirms our commitment to deliver faster to market, future-ready payment solutions for our clients. The collaboration helps us drive innovation at scale and enhances our capabilities for seamless instant payments and advanced transaction processing.' UBS, a Swiss wealth manager, joins Citi and NatWest in this investment, with the last two firms already using the IPF. As of the fourth quarter of 2024, UBS managed assets worth $6.1tn, with operations across more than 50 international markets. In 2024, NatWest acquired a minority stake in Icon Solutions. "UK paytech firm Icon Solutions gets funding from UBS " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.


Time Business News
12 minutes ago
- Time Business News
Your Essential Guide to Non-Bank Lenders in Sydney: Real Solutions for Real People
Are you struggling to get financing through traditional banks? Don't worry, you're not alone. All across Sydney all the way from the bustling roads that run through Parramatta and the waterfront homes in Manly the non-bank lenders of Sydney have become vital financial resources for investors, homeowners, as well as business owners. As a Sydney-based finance expert with more than a decade's experience, I've helped thousands of people navigate this loan landscape. Last month, I saw an unmarried couple from Newtown get their home by utilizing a non-bank lender, after three major banks refused the couple due to 'unconventional income' – proving that solutions are available if you are aware of where to search. What Truly Sets Non-Bank Lenders Apart in Sydney Non-bank lenders Sydney are not regulated by bank licenses which frees them from the strict rules of institutional banks. Consider Michael's situation: banks refused the Redfern mortgage application due to the fact that the applicant had changed jobs twice in the last year. However, the Sydney non-bank lender backed the loan within 72 hours after studying his regular six-figure income and demand from the industry. They are specialized in Sydney-specific solutions such as: Historic property finance: for those gorgeous Paddington terraces that banks consider 'too risky' Auction ready pre-approvals: to be competitive in the fierce housing market Health practice loan: to specialists in Macquarie Park Finance for bridges: where settlement dates conflict The Nuts & Bolts of How do They Work In my brokering course I was able to understand how non bank lenders Sydney are moving faster Flexible assessment They'll take into consideration those BAS reports when banks request tax returns Local decision makers Credit officers truly know Sydney's peculiar property rules Specialised financing Many concentrate on specific areas such as equipment or construction finance Just yesterday, I assisted an Surry Hills cafe owner secure an expansion loan by using her EFTPOS documents as proof something that traditional lenders would not even consider. Who Benefits From Non-Bank Solutions? Property Buyers Hitting Brick Walls Sydney's auction madness demands creative solutions: Creatives who are self-employed in Newtown/Enmore contractors with a fluctuating source of income Divorcees needing quick buyout funds Remember the unfinished cottage in Balmain? The major banks were scared of the property's 'potential structural issues', but a non-bank lending institution saw the value of the property and financed the purchase. Business Owners Needing Breathing Room For Sydney's 220,000+ small-scale businesses Non-bank lenders in Sydney offer: Repayment plans for the season for Bondi Ice cream shops Financing for equipment without security for property Urgent cash injections during growth spurts Sarah's Marrickville bakery required new ovens in time for Christmas. The banks wanted her house as collateral, but a nonbank lender took the equipment and paid the loan after five working days. Unique Financial Situations If banks are concerned about the red flags, other lenders Sydney can offer solutions: Credit repair paths following medical debt Property investments in SMSF using custom structures Foreign income issues for expats returning to the country Sydney's Non-Bank Lender Landscape Digital Mortgage Innovators Platforms such as- Tiimely can be extremely helpful for: Refinancing urgently to reduce mortgage stress Straightforward purchases under time pressure Competitive rates often beating big four banks Professional tip The AI-powered systems accept vanilla applications within 4 hours. This is ideal for auctions with last-minute bids. Specialist Commercial Financiers Firms such as Prospa and Liberty help solve a variety of issues: Cash flow problems are exacerbated by using invoices that are not paid Import finance for Alexandria manufacturers Tradie car loans without any documents Private Credit Boutiques These hidden gems excel at: Financing for heritage properties (think Glebe terraces) Luxury asset credit against art, boats or even art Complex development deals Recently, the government funded the construction of a $3.2 million conversion of a warehouse in St Peters after banks demanded impossible presales. Real Advantages You Won't Find Elsewhere Flexibility That Understands Sydney Life Non-bank lenders Sydney will accept the following terms that banks don't: Statements of BAS in the event that tax return data is a mess Contracts for short-term duration as legitimate income Future rental revenue to invest properties Goodwill of medical practices as collateral Speed That Matches Our City's Pace Critical timeframes that they provide: Pre-approvals for 48 hours for auctions on Saturday Business loans for the same day for emergencies Settlements of 72 hours– to avoid contract defaults In the last month I secured $850,000 in bridge financing in just only three days on behalf of a customer who's bank had delayed the settlement, helping them save their dream home. Human Decision-Making Contrary to banks' algorithms: Credit officers will actually look over your financial situation You get explanations for rejections Negotiation is usually possible. Key Watch-Outs When Considering Options Interest Rate Realities Although solutions are available, consider: More complex cases could attract a premium Always look at three offers and compare them. Fixed rates provide budgeting certainty Protecting Yourself Essential safeguards: Verify ASIC licenses via Verify AFCA membership to resolve disputes Examine files by contacting your broker Fee Transparency Keep an eye out for: Fees for establishments upfront (typically 0.5-2 percent) Costs for property valuation Early exit penalties based on fixed terms Finding Your Ideal Match Broker Connection Strategy As an Sydney finance expert I will always recommend: Find brokers who have the expertise in lending to non-banks Make sure to check, the diversity of their panel lenders. Find case studies that match your particular situation Direct Approach Checklist If you're going it alone: Lenders that you can match to your exact requirements Test their responsiveness using a phone Request references from local clients Verify the authenticity of your credentials independently Navigating the Application Process Paperwork You'll Actually Need Accelerate things by: ID: Driver's license + Medicare card Income proof: Payslips/BAS/contracts Asset documents: Titles or bank statements Information on the liability of the loan: Existing loan statements Realistic Timelines What can you expect to see: 24 – 48 hours for an initial evaluation 3-5 days for formal approval Same-day assistance for cases with simple needs Approval-Boosting Secrets Give credit blips a clear explanation in context You can provide additional documents, without being asked. Make sure to highlight solid security assets Find brokers who are familiar with the credit teams intimately Sydney-Specific Market Intel Hotspot Suburbs Parramatta: Commercial lending boom Eastern Suburbs: Financing for luxury assets Inner West: Renovation finance demand Northern Beaches: SMSF property expansion Emerging Trends Green loans to finance sustainability improvements Professional practice finance surge Western Sydney infrastructure-driven lending Your Top Questions Answered Are non-bank lenders Sydney options really safe ?Reputable ones are ASIC-licensed and AFCA-approved. Always verify before proceeding. Do multiple applications harm my credit score? Responsible applications have a minimal impact. Cluster inquiries are made within fourteen days. Why should you choose these instead of the traditional bank? If you need specialized solutions, speedier approvals or flexible criteria, banks won't beat. How can I identify untrustworthy operators? Request your Australian Credit Licence number. Verify it. No licence? Get rid of it. Final thoughts from an Sydney Insider Non-bank lenders Sydney offer vital financial solutions when traditional channels do not work. Their ability to assess specific circumstances, quick response times, and specialized skills make them indispensable in today's competitive market. While due diligence remains essential particularly in relation to rates and regulations they are able to transform unimaginable scenarios into success stories. While you look into alternatives, be aware that Sydney's finance landscape has more potential than ever. If you're bidding on a hot auction in Paddington or growing the scope of your Chatswood practice, or repairing credit in Liverpool Non bank lenders Sydney are ready to assist you achieve your goals. TIME BUSINESS NEWS