AGR, a provider of technologies and services to the petroleum industry, has been awarded a frame contract worth Nkr100m-130m ($17m-21m) from Statoil to provide well-management services in Norway.
The two-year contract has the option to be extended for an additional four years. The primary scope of the contract includes the possibility of executing, planning, operations and post-well activity for drilling and well operations out of Stavanger, Stjørdal and northern Norway.
In addition, the frame agreement includes well-management support to Statoil’s international operations including Aberdeen and London, UK; Houston, US; Perth, Australia; and Dubai/Abu Dhabi, UAE.
AGR executive vice-president Sjur Talstad said that the company is looking forward to supporting Statoil in its drilling and well operations in a time with increased drilling activity for the industry.
"Our well-management teams are exceptionally experienced when it comes to this type of activity, ensuring our clients achieve enhanced operational performance within a safe environment," said Talstad.
AGR is the world’s largest independent well management organisation and is one of two service providers awarded this type of contract from Statoil. The company is known for operating within very challenging environments where it provides an innovative and effective approach.