AGR Subsea signed a contract for Riserless Mud Recovery

There's more to this concept than the name might indicate. Drilling without risers is not just an efficient way to make the top hole when seabed conditions complicate this initial phase of exploration drilling.

Just as unique, in an exploration drilling context is the system which allows the operator to collect used drilling fluid and cuttings from the seabed and pump them back to the rig. This enables engineered fluids to be used as there are no discharges to sea. This also enables precise volume control to be implemented on the topholes. Combined, this will impact well construction.

The duration of the contracts is three years with options to extend contract for two periods of one year each. The agreement also includes option of extending the contract to cover other drilling unit(s).

Tom Hasler, Executive Vice President at AGR Drilling Services Holdings AS says; ”Not only does the Aker Exploration / AGR Drilling Services contract represent a significant commitment between the respective parties, but it reflects the underlying value and quality of our services and the Riserless Mud Recovery technology”

For further information, please contact:

Vegard Dale, Regional Sales & Marketing Manager
+47 9111 6195 vegard.dale@agr.com

David Hine, VP Sales & Marketing AGR Drilling
+47 9597 4682 david.hine@agr.com  

Notes to editors:

AGR Subsea Ltd and AGR Drilling Services Holdings AS are both a part of the Norwegian Listed Company AGR Group ASA
AGR Subsea Ltd offers a range of seabed intervention solutions for the oil & gas industry.  The SeaVator Mass Flow Excavation system is widely used for post-pipelay trenching and excavating seabed equipment for maintenance and decommissioning purposes.  AGR’s ClayCutter X route preparation system is poised to revolutionise pipeline installation planning by making previously impossible routes available for safe installation of new lines.  AGR Subsea Ltd is a wholly-owned subsidiary of Norway’s AGR Group (OSE ticker: AGR)
AGR Drilling supply equipment and services for drilling, well operations and underwater trenching and excavation in the global offshore industry. We have approximately 800 employees and have offices in Norway, Sweden, UK, Kuala Lumpur, Singapore, Australia and USA.