AGR secures Frame Agreement with Det Norske

4/29/2014

AGR secures Frame Agreement with Det Norske

OSLO, Norway -- AGR has been awarded a frame agreement with Det Norske to provide well services and consultancy resources to the operator’s projects on the Norwegian Continental Shelf (NCS).

The frame agreement commences May 1, 2014, with a duration of three years. The possible additional two plus two years’ extension will see the frame agreement end in 2021.

Under the agreement, AGR is to provide well services and consultancy manpower to support Det Norske’s upcoming exploration and production activity.

Sjur Talstad, AGR’s EVP, Norway and Russia, said: “We are very pleased to continue our good working relationship with Det norske on the Norwegian Continental Shelf (NCS)."

“AGR has established a long track record of delivering wells efficiently and with high focus on HSEQ. With this contract award AGR will continue our support to Det Norske on drilling projects in addition to our existing collaboration within reservoir management.”

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