{"id":821776,"date":"2025-03-05T04:57:08","date_gmt":"2025-03-05T09:57:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/expro-boosts-romanian-growth-with-10m-contracts-for-black-sea-project\/"},"modified":"2025-03-05T04:57:08","modified_gmt":"2025-03-05T09:57:08","slug":"expro-boosts-romanian-growth-with-10m-contracts-for-black-sea-project","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/expro-boosts-romanian-growth-with-10m-contracts-for-black-sea-project\/","title":{"rendered":"Expro Boosts Romanian Growth With $10M+ Contracts for Black Sea Project"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Expro Boosts Romanian Growth With $10M+ Contracts for Black Sea Project<\/b><\/p>\n<p>HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nExpro (NYSE: XPRO), a leading provider of energy services has been awarded major contracts from OMV Petrom, totalling more than $10 million USD for the Neptun Deep gas project in the Black Sea.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250305933686\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250305933686\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250305933686\/en\/2400799\/4\/Semi_Submersible_Rig.jpg\" alt=\"Semi Submersible Rig (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Semi Submersible Rig (Photo: Business Wire)<\/p>\n<\/div>\n<p>\nThe contracts involve Expro\u2019s subsea landing string (SSLS), SeaCure\u00ae cementing technology, tubular running services (TRS) and Coretrax Advance drilling tools to support the project in offshore Romania.\n<\/p>\n<p>\nNeptun Deep is the largest natural gas project in the Romanian Black Sea and is essential for Romania\u2019s energy supply.\n<\/p>\n<p>\nThe two contracts mark the latest stage in Expro\u2019s growth in Romania. Recent investments by the company include opening a new office in Bucharest, setting up a new operational base, and a program to grow its Romanian-based staff.\n<\/p>\n<p>\nAndrei Ion, Expro Senior Area Manager in Europe Mediterranean and Caspian, said: \u201cWith the awarding of these contracts, Expro is progressing our plans to expand our operations and strengthen our support of the energy industry in eastern Europe and beyond.\n<\/p>\n<p>\n\u201cNeptun Deep is an important energy project for Romania. We are proud of being selected to support this important development.\u201d\n<\/p>\n<p><strong>Expro<\/strong><\/p>\n<p>\nWorking for clients across the entire 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\u2019s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions.\n<\/p>\n<p>\nWith roots dating to 1938, Expro has more than 8,000 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in approximately 60 countries.\n<\/p>\n<p>\nFor more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.expro.com&amp;esheet=54219271&amp;newsitemid=20250305933686&amp;lan=en-US&amp;anchor=expro.com&amp;index=1&amp;md5=45fb674c787129d26903cde6eb776055\">expro.com<\/a> and connect with Expro on X (formerly Twitter) @ExproGroup and LinkedIn @Expro.\n<\/p>\n<p><b>About OMV Petrom:<\/b><\/p>\n<p>\nOMV Petrom is the largest integrated energy producer in Southeastern Europe, with an annual Group hydrocarbon production of approximately 40 million boe in 2024. The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high-efficiency gas-fired power plant. The Group is present on the oil products retail market in Romania and neighboring countries through approximately 780 filling stations under two brands \u2013 OMV and Petrom.\n<\/p>\n<p>\nMore details about Neptun Deep project can be found here: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.omvpetrom.com%2Fen%2Four-business%2Fexploration-and-production%2Fneptun-deep&amp;esheet=54219271&amp;newsitemid=20250305933686&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.omvpetrom.com%2Fen%2Four-business%2Fexploration-and-production%2Fneptun-deep&amp;index=2&amp;md5=35bc229c1ce1872bf7fbbfed3c230846\">https:\/\/www.omvpetrom.com\/en\/our-business\/exploration-and-production\/neptun-deep<\/a><\/p>\n<p><b>About ROMGAZ:<\/b><\/p>\n<p>\nROMGAZ is the largest natural gas producer and the main supplier in Romania. The company has a vast experience in gas exploration and production. In 2013, took over Iernut thermoelectric power plant, becoming electricity producer and supplier. ROMGAZ became in 2022 the sole shareholder of ROMGAZ BLACK SEA LIMITED (formerly ExxonMobil Exploration and Production Romania Limited) which holds 50% of the acquired rights and obligations under the Petroleum Agreement for the Deep Water Zone of XIX Neptun offshore block (\u201cNeptun Deep\u201d).\n<\/p>\n<p><b>SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS<\/b><\/p>\n<p>\nThis press release, and oral statements made from time to time by representatives of Expro Group Holdings N.V. (\u201cthe Company\u201d), may contain certain &#8220;forward-looking statements&#8221; within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, the Company\u2019s future business strategy and prospects for growth, and are indicated by words or phrases such as \u201canticipate,\u201d \u201coutlook,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cproject,\u201d \u201cbelieve,\u201d \u201cenvision,\u201d \u201cgoal,\u201d \u201ctarget,\u201d \u201ccan,\u201d \u201cwill,\u201d 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\u2019s 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\u2019s 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.\n<\/p>\n<p>\nThe Company is not able to provide a reconciliation of Coretrax\u2019s forward-looking Adjusted EBITDA to the most directly comparable measure in accordance with U.S. generally accepted accounting principles without unreasonable effort because of the inherent difficulty in forecasting and quantifying certain amounts necessary for such a reconciliation, including net income (loss).\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250305933686r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250305933686\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250305933686\/en\/<\/a><\/span><\/p>\n<p><b>Media Contact<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:InvestorRelations@expro.com\">InvestorRelations@expro.com<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"mailto:MediaRelations@expro.com\">MediaRelations@expro.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Europe Romania United States North America Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Maritime Other Energy Transport Oil\/Gas Alternative Energy Energy<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250305933686\/en\/2400799\/3\/Semi_Submersible_Rig.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Semi Submersible Rig (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250305933686\/en\/1267913\/3\/Expro_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Expro Boosts Romanian Growth With $10M+ Contracts for Black Sea Project HOUSTON&#8211;(BUSINESS WIRE)&#8211; Expro (NYSE: XPRO), a leading provider of energy services has been awarded major contracts from OMV Petrom, totalling more than $10 million USD for the Neptun Deep gas project in the Black Sea. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250305933686\/en\/ Semi Submersible Rig (Photo: Business Wire) The contracts involve Expro\u2019s subsea landing string (SSLS), SeaCure\u00ae cementing technology, tubular running services (TRS) and Coretrax Advance drilling tools to support the project in offshore Romania. Neptun Deep is the largest natural gas project in the Romanian Black Sea and is essential for Romania\u2019s energy supply. The two contracts mark the latest stage in Expro\u2019s growth &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/expro-boosts-romanian-growth-with-10m-contracts-for-black-sea-project\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Expro Boosts Romanian Growth With $10M+ Contracts for Black Sea Project&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-821776","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Expro Boosts Romanian Growth With $10M+ Contracts for Black Sea Project - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/expro-boosts-romanian-growth-with-10m-contracts-for-black-sea-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expro Boosts Romanian Growth With $10M+ Contracts for Black Sea Project - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Expro Boosts Romanian Growth With $10M+ Contracts for Black Sea Project HOUSTON&#8211;(BUSINESS WIRE)&#8211; Expro (NYSE: XPRO), a leading provider of energy services has been awarded major contracts from OMV Petrom, totalling more than $10 million USD for the Neptun Deep gas project in the Black Sea. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250305933686\/en\/ Semi Submersible Rig (Photo: Business Wire) The contracts involve Expro\u2019s subsea landing string (SSLS), SeaCure\u00ae cementing technology, tubular running services (TRS) and Coretrax Advance drilling tools to support the project in offshore Romania. Neptun Deep is the largest natural gas project in the Romanian Black Sea and is essential for Romania\u2019s energy supply. 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This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250305933686\/en\/ Semi Submersible Rig (Photo: Business Wire) The contracts involve Expro\u2019s subsea landing string (SSLS), SeaCure\u00ae cementing technology, tubular running services (TRS) and Coretrax Advance drilling tools to support the project in offshore Romania. Neptun Deep is the largest natural gas project in the Romanian Black Sea and is essential for Romania\u2019s energy supply. The two contracts mark the latest stage in Expro\u2019s growth &hellip; Continue reading \"Expro Boosts Romanian Growth With $10M+ Contracts for Black Sea Project\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/expro-boosts-romanian-growth-with-10m-contracts-for-black-sea-project\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-05T09:57:08+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20250305933686\/en\/2400799\/4\/Semi_Submersible_Rig.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/expro-boosts-romanian-growth-with-10m-contracts-for-black-sea-project\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/expro-boosts-romanian-growth-with-10m-contracts-for-black-sea-project\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Expro Boosts Romanian Growth With $10M+ Contracts for Black Sea Project","datePublished":"2025-03-05T09:57:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/expro-boosts-romanian-growth-with-10m-contracts-for-black-sea-project\/"},"wordCount":822,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/expro-boosts-romanian-growth-with-10m-contracts-for-black-sea-project\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20250305933686\/en\/2400799\/4\/Semi_Submersible_Rig.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/expro-boosts-romanian-growth-with-10m-contracts-for-black-sea-project\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/expro-boosts-romanian-growth-with-10m-contracts-for-black-sea-project\/","name":"Expro Boosts Romanian Growth With $10M+ Contracts for Black Sea Project - 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