Svenska Engages AGR for Guinea Bissau Drilling Campaign

Svenska Petroleum Exploration Guinea Bissau AB (Svenska) has engaged AGR Well Management Limited (AGR) to plan, manage and execute their upcoming exploration campaign offshore Guinea Bissau.

Global oil services provider AGR has signed a contract with Svenska to deliver Well Management services for Svenska’s offshore Guinea Bissau drilling campaign. The contract involves provision of full Well Management and associated services, including drilling engineering and planning services, supply chain management and operations support for the drilling campaign on Svenska’s operated Blocks 2 and 5A licences. Starting in the final quarter of 2013, the programme is for a minimum of one firm well with the option of two additional exploration wells dependant on results (rig contract allowing). The sequence length could therefore range from 45 days (dry hole case) to up to 180 days. This will be further clarified once the rig contract is tendered and the rig availability is known.