Under the agreement, AGR’s Norway-based Reservoir Management Team will deliver services within geology and reservoir engineering, including reservoir modelling, petrophysics, reservoir simulation and increased oil recovery.
Following a tendering process NPD selected AGR from a shortlist of three companies to deliver the contract, which has a one plus one year extension option.
Morten Heir, AGR’s VP of Reservoir Management, said “We are very pleased to have been selected to deliver this important frame agreement and to continue our excellent working relationship with the NPD.
“The award of this contract again demonstrates the confidence the Directorate has in AGR’s reservoir engineering and geology expertise and the experience and professionalism of our team.���
AGR’s Reservoir Management Team comprises more than 100 highly skilled and experienced professionals working worldwide. The Norwegian team has over 30 members, with an average industry experience of 15-20 years.
For information, please contact:
Morten Heir, VP Reservoir Management, +47 970 115 09
Svein Sollund, CFO, +47 918 069 10
Note to Editors
Oslo Stock Exchange listed AGR delivers well, reservoir and field management services to the upstream oil and gas industry. It operates in all regional main oil hubs around the world. Since 2000, AGR has drilled more than 470 wells in some of the most challenging environments.