SpotOn Energy Acquires AGR Well Management

Wednesday, December 22, 2021

SpotOn Energy has acquired AGR Well Management, a Scotland-registered well management division of AGR.

As compensation for the transfer, AGR received 20% ownership in SpotOn Energy, which will strengthen the cooperation between AGR and SpotOn Energy going forward.

AGR Well Management will now change name to SpotOn Well Management. 

The AGR Consultancy Services UK division will continue under its current ownership servicing international and UK North Sea clients from AGR’s Aberdeen-based office in the Admiral Court.

 AGR continues to run its well management operations through its offices in Perth, Australia. 

"Our Perth Well Management team has overseen the completion of more than 60 Well Management projects and numerous well engineering peer studies. The team has played a significant role in building AGR’s unrivaled well delivery track record of completing over 550 well projects globally," AGR said.

AGR Consultancy Services Limited will service SpotOn Well Management and continue providing tailor-made manpower solutions to its UK-based and international clients from its Aberdeen-based offices.

Categories: Mergers & Acquisitions Engineering Activity Well Operations

Related Stories

TechnipFMC Secures Subsea Job for Energean’s Development in the Mediterranean

Vard-Built Cable Layer for NCT Offshore Hits Water

Wood Secures Engineering Work on Shell’s Prelude FLNG Unit

Current News

Chinese Wind Turbine-makers Move into Europe as Trade Tensions Flare

SLB Beats Quarterly Profit Estimates on International Drilling Demand

India’s ONGC Buys Stake in Caspian Sea Oil Assets from Equinor for $60M

ExxonMobil Selling Malaysia Oil and Gas Assets to Petronas

Subscribe for OE Digital E‑News