AGR Receives New Well Management Contract from OMV

AGR has been awarded a new Well Management Services Contract by OMV (Norge).

The Contract also covers delivery of other Drilling and Well Engineering services for complete well construction.

The Contract is for three years with the option of two further years.

AGR has previously worked with OMV on the Norwegian Continental Shelf (NCS) delivering two Well Management projects. The first, Chamonix, was drilled using the Borgland Dolphin rig.

The second were Norway’s most northerly wells, Wisting and Wisting Alternative in the Barents Sea using the Leiv Eiriksson rig. The Wisting wells had combined environmental, operational and logistical challenges related to the location and shallow reservoir nature of the wells.

Sjur Talstad, AGR’s Executive Vice President, Norway and Russia, said: “We are very pleased to further grow our relationship with OMV and support the Operator in their continuous growth in Norway. OMV has a very exciting portfolio of wells going forward.”

AGR drilled 15 per cent of all exploration wells on the NCS in 2013. Globally, the company has delivered more than 500 wells – an average of one drilling project commenced every 10 days since 2000.

AGR’s experience spans drilling in a wide range of environments, including HPHT, deepwater and ultra deepwater drilling, operations in remote locations and in environmentally sensitive areas.

Press Release, April 10, 2014