Well construction and engineering project management company AGR has signed an agreement with Det norske oljeselskap for an annual, independent reserves report of the company’s reserves portfolio.
Det norske has various interests and licences across the exploration, development and production lifecycle on the Norwegian continental shelf.
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The four-year agreement includes options for the company to expand the scope to cover the reserves assessment of M&A targets, resources assessment, as well as certification of unsanctioned projects.
AGR reservoir management vice-president Morten Heir said: “Det norske is one of the most respected players on the Norwegian Continental Shelf and we are very pleased to be working with them on their reserves reporting.
“AGR has 20 years’ experience as an asset evaluator and auditor and is recognised as an official third party reserves auditor by major international banks and financial institutions."
“We look forward to continuing our good relationship with the operator and working with the team at Det norske.”
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By GlobalDataAGR has launched a product stream called ‘Tracs Evaluations’, which brings together its services that support commercial activities, such as acquisitions and divestments, flotation, competent person's reports (CPR) and independent engineer reports (IER).
The teams comprise commercial and technical specialists with experience in subsurface analysis, reserves auditing, commercial evaluations and business consultancy.
