AGR Secures Frame Agreement with Petoro for Oil and Gas Work

© MR.Zanis / Adobe Stock
© MR.Zanis / Adobe Stock

Norwegian state-owned company Petoro has awarded a frame agreement to AGR for the provision of independent consultancy and third-party verification studies within subsurface, drilling and wells and field development.

Petoro is a state-owned limited company which manages the Norwegian state’s direct financial interest in the Norwegian oil and gas sector.

The company’s most important task is to ensure maximum value and achieve the highest possible income to the state from its oil and gas assets. Petoro is not an operator, but has the same rights and obligations as other licensees on the Norwegian continental shelf (NCS).

The frame agreement is valid for three years, plus options for two one-year extensions (3+1+1).

The scope under the frame agreement covers the majority of AGR’s services within the entire petroleum asset lifecycle, including reservoir and well management, well control and blowout contingency, operations geologists, and resourcing.

“We have extensive expertise from IOR/EOR with reservoir modelling, well integrity and well control, concept and production technology, field development and verification. This competence, combined with in-depth experience from the NCS, enabled us to win this frame agreement,” said Erik Lorange, VP Reservoir Management at AGR, which is part of Oslo-listed energy and marine consultancy group ABL Group.

Current News

Tyra II: Completion Test Successfully Met

Tyra II: Completion Test Succe

RWE Inks O&M Deals with Clarkson Port Services for Nordseecluster OW Project

RWE Inks O&M Deals with Clarks

TenneT Installs Giant HVDC Offshore Wind Converter Platform in North Sea

TenneT Installs Giant HVDC Off

UK Firm Secures Exploration Extension for Two Blocks off Vietnam

UK Firm Secures Exploration Ex

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine