Norway: Statoil Extends Surface Management Contract with AGR FO

Statoil has exercised options in the current framework agreement with AGR Field Operations for surface management services. The extension has an estimated total value of NOK 40 million over a period of 24 months.

AGR Field Operations will provide Surface Management services including AGR’s proprietary SOLV™ concept to 13 offshore installations and the Sture Onshore terminal. In addition to this scope of work, AGR already has a similar contract with Statoil covering their remaining 31 installations on the NCS.

Åge Landro, Executive Vice President of AGR Field Operations commented: “This extension will allow us to continue the current relationship between AGR Field Operations and Statoil all across their operations in the North Sea region. By extending this contract, Statoil confirms that our products and services are valuable in the effective management of their assets.”

With more than 140 highly skilled and qualified employees within the Maintenance Management group, AGR Field Operations is amongst the leading providers of integrity engineering services and innovative solutions to the Oil & Gas industry.

AGR Field Operations is part of the Oslo Stock Exchange listed AGR Group. AGR Field Operations supports both operators and asset holders with expertise and knowledge in the management of their assets during their entire life-cycle. We provide innovative technologies and solutions that maximize efficiencies and improve profitability for our customers. Our area of expertise lies within field development, operations and operational support, and asset integrity management of oil and gas infrastructure. In addition, we serve local industries including power utilities, nuclear, marine, and food processing. We have more than 800 employees with offices in Norway, Sweden, UK, Malaysia, Singapore, Australia, USA and Brazil.

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Source:AGR , October 6, 2010;