AGR Field Operations signs three-year contract with AWE Limited

The contract has provision for two successive two year extensions. The assets consist of 2 oilfields and 3 gas fields along with their associated production infrastructure. The contract will add 37 personnel to AGR’s workforce in Western Australia with annual revenues of NOK 27 million over the next three years. AGR Field Operations has been managing the adjacent Cliff Head oil field for Roc Oil since 2006 in which AWE is a joint venture partner.

Duncan Nuttall, VP Operations and Maintenance for AGR Field Operations commented:

“We are very pleased with the agreement, and excited about growing our association with AWE. The contract is a vote of confidence for AGR’s model for the management of remote, marginal and declining assets by providing field owners with a cost effective and flexible operation while maintaining high standards of safety and technical integrity for their assets.”
 
AWE is an Australian based oil and gas exploration and production company and part of the ASX 100 list. AWE's focus is on exploration and appraisal-type assets, in regions of proven prospectivity and where there is a high chance of commercial success.

AGR Field Operations is part of the Norwegian Listed Company AGR Group ASA.



For further information, please contact:

Åge Landro, EVP AGR Field Operations 
Mobile: + 47 92 06 11 82 
E-mail: aage.landro@agr.com

Duncan Nuttall, VP Operations & Maintenance
Mobile: +61 418 808 290 
E-mail: duncan.nuttall@agr.com