Operating under the joint venture Caspian Integrated Maritime Solutions (CIMS), the vessels represent a combined investment of $35 million and are tailored for the Caspian's shallow draft, meeting international oil companies' requirements.

The agreement encompasses well-testing operations for Equinor across the Barents, Norwegian, and North Sea regions.

Expro's scope includes production optimization and well flow management, aiming to enhance Equinor's assets in various operational phases such as production, abandonment, completion, and intervention activities.

Siem Helix 1 and Siem Helix 2, both constructed in 2016, boast dimensions of 158 meters in length, 31 meters in beam, and an accommodation capacity for 150 individuals.

The partnership will focus on industrializing Shearwater's marine vibratory source technology and associated services for use in the Brazilian offshore basins.

The company continues to strengthen its global footprint and contribute to the energy transition by supporting major projects around the world.

The Orion project encompasses two carbon storage licenses, CS017 and CS018, covering the decommissioned Amethyst and depleted West Sole gas fields operated by Perenco UK.

The offshore operations are slated to commence in December 2023.

The acquisition, made for an undisclosed amount, underscores OEG's commitment to strengthening its presence and capabilities in the European offshore energy market.

This strategic partnership is geared towards the production of high-quality polymers, incorporating advanced environmental practices such as Carbon Capture and Storage (CCS) utilizing geological formations beneath the Java Sea.