AGR awarded Frame agreement with Det norske for annual reserves review
AGR has entered into a Frame Agreement with Det norske oljeselskap for annual, independent reserves report of the company’s reserves portfolio.
Det norske is one of Europe’s leading independent exploration and production companies, with a number of interests and licences across the exploration, development and production lifecycle on the Norwegian continental shelf.
The agreement is for four years and includes options for Det norske to expand the scope to cover the reserves assessment of M&A targets, and resources assessment and certification of unsanctioned projects.
Morten Heir, AGR’s VP of Reservoir Management 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 3rd 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.”
For more information about our reserves audits and asset evaluations, contact our TRACS Evaluations