AGR Acquired by Silverfleet Capital - AGR - Upstream Services, Training & Software
Drilling & Wells
bredford dolphin 1180
topstrip 0014 ps forside-bilde
AGR Consultancy
agr energy web and ppt copy2
816 thumb
Facilities Solutions
TRACS Training
AGR Acquired by Silverfleet Capital
Published 21.07.2014
Norway-headquartered AGR Holdings AS (AGR) has been acquired by the independent European private equity firm Silverfleet Capital. The deal, worth NOK 1,640 million (€195m) is expected to be completed on or around end of August 2014.

AGR Holdings AS is the petroleum services division of Oslo-listed AGR Group. It is the world’s largest independent well management group.

Åge Landro, CEO of AGR, commented: “AGR has enjoyed a strong market position and experienced great growth over the last few years whilst operating across all the main oil and gas hubs. We have grown by 13% annually over the last five years and have established ourselves as a truly global business.

“Moving forward we are very excited to be partnering with Silverfleet Capital. We are committed to providing the highest quality of service to our clients and, with Silverfleet’s support, AGR will be able to continue an international expansion strategy and deepen its range of upstream services.” 

Silverfleet partner, Adrian Yurkwich, who will join AGR’s management board, commented:  “This investment offers an opportunity to back an excellent team that is providing the highest quality integrated solutions for the entire field life cycle of upstream oil and gas.

���We look forward to working with AGR’s management team to further expand its operations internationally.”

AGR delivers well, HSEQ, reservoir and field management services to the upstream oil and gas industry. The company also offers rig access management, consultancy manpower, expert software solutions and tailored training.

Since 2000 AGR has completed over 500 well projects in 25 countries on six continents and completed more than 1,000 reservoir studies only in five years. AGR has offices in Norway, Australia, CIS, UAE, UK and the USA.

For more information, please visit the Investor Relations page.

CEO Åge Landro,, phone +47 92 06 11 82
CFO Svein Sollund,, phone +47 918 06 910

< Back

Latest news

2018-03-14 — Sasol selects AGR’s P1™ and Cost Tracker™ for digital well planning
Read More
2018-03-01 — AGR wins contract for Australia’s first offshore C02 Storage Appraisal Well
Read More
© AGR. All rights reserved 2017. Norway l UK l Americas l Asia Pacific l Middle East l Africa