Expro today confirmed its order book hit the $2billion mark.
The oilfield services company announced the bumper sum, which coincides with the firm’s 40th anniversary, during the Offshore Technology Conference.
A string of successful contract wins, including a single £500million contract award, totalled up the tab.
Heightened activity in the Middle East, including work Algeria, Saudi Arabia and the Kurdistan region of Iraq, all contributed to the record sum.
Mike Jardon, Expro’s chief operating officer,said: “I am delighted to see Expro’s performance continue in 2014, which is testament to the hard work undertaken across our global regions and product lines.
“This year has delivered a record year of contract wins and as a result we sit with record order books for our North America, Middle East & North Africa, Europe & CIS and Asia regions, as well as our Well Test and Subsea product lines.
“As a result of our success, we continue to invest nearly $25million in our global operations bases, ensuring we can deliver the highest levels of service quality, whilst maintaining our reputation for flexibility and responsiveness.”
The firm also announced targeted investment, including a $5.6million cash injection in a new operational base in Macae and a $2.5million expansion of its operational facility in Broussard, Louisiana.
Jardon added: “At the forefront of our operations is our commitment to championing safety, which has allowed us to achieve our strong safety performance. Key areas of focus have demonstrated clear results, such as reducing wireline breaks by nearly 50% in the past year.
“Our performance, future investment and record order book, all combine to position us well for the next financial year.”
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