News | March 13, 2019

Exceed Energy Announces First Contract Offshore Guinea Bissau

Aberdeen-headquartered Exceed, a well management and performance improvement specialist, continues to consolidate its West African presence, by announcing the company’s first contract to be undertaken offshore Guinea Bissau.

Awarded by Swedish E&P company, Svenska Petroleum Exploration AB, the project will comprise full well project management services to deliver a deep water exploration well – the first deep water well to be drilled offshore Guinea Bissau.

Exceed’s workscope will include all front end engineering planning, service procurement support, logistical set-up, HSE management (including systems permitting) and operational execution of the well.

Valued in the region of $4M, the 12-month contract follows on from existing operations in the region, begun during Q4 2018, which have seen Exceed steer an operator through its maiden well project offshore The Gambia.

Head Of Well Management, Al Brockie Comments: "As the first deep water well to be drilled offshore in this area, this contract win succinctly illustrates Exceed’s unparalleled reputation for deep water project management services in the West African region.

“Our track record and continuous investment in capability inspires confidence on a global level. We are at the forefront of operations in some of the world’s most complex and remote environments, consistently chosen to manage those challenging projects.”

Reflecting this, Exceed has revealed that it is at final negotiation stage on additional exploration well projects for other clients in the region, which will present opportunities for synergies and value optimisation for all participants across a multi well campaign.

2019 sees Exceed's long-term investment strategy continue to bear fruit, as it deploys its expertise in well management and performance improvement projects across the UK, Middle East, West Africa, South East Asia, Norway and North and Central America. With 180+ personnel being employed across the company during the course of 2018, Q1 2019 has already seen Exceed’s global skills base increase by 10%.

SOURCE: Exceed