International oilfield services company Expro has won the Offshore Achievement Innovator Award in recognition of its ground breaking AX-S subsea well intervention technology.
The Innovator Award, which was presented at a ceremony in Aberdeen on Thursday (15 March), recognises excellence in innovative technological solutions developed in the UK for the offshore energy sector.
AX-S is a unique, remotely-operated, inherently safe and cost-effective intervention system, operated from a mid-sized construction vessel. AX-S will change the way in which oil and gas companies can access and intervene on their subsea well assets at any water depth down to 10,000ft.
The award comes only five months after signing its first long-term frame agreement with Total E&P UK Ltd to further advance the technology.
David Shand, AX-S managing director , said: “Subsea and deepwater well intervention are increasingly important as operators look to extend reservoir life and maximise production. Fundamentally AX-S reduces risk, increases recovery, improves safety and minimises environmental impact to subsea well operators worldwide.
“After seven years of dedication to the development of AX-S, it is extremely rewarding to be recognised by the industry for our efforts.”
With its industry experience and innovative technology, Expro offer tailor-made solutions for its customers across the lifecycle of their wells.
[mappress] Subsea World News Staff , March 20, 2012; Image: Expro