Statoil Extends Surface Management Services Agreement with AGR

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 60 million over a period of 12 months. This contract has an estimated value of 180 million including remaining options.

AGR Field Operations will provide Surface Management services including AGR’s proprietary SOLV™ concept to all Statoil on – offshore installations in Norway and on the Norwegian Continental shelf, a total of 44 installations.

 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. We see the extension as a confirmation from Statoil that our products and services are valuable in the effective management of their assets.”

AGR Field Operations has witnessed an increased focus from our clients in relation to the value adding maintenance management service we provide. As a result of this the SOLV concept has experienced a strong growth during 2011 with a number of new clients in the North Sea, Gulf of Mexico and Brazil. The maintenance management team consists of more than 140 highly skilled and highly qualified employees within the Maintenance Management group in Europe, Asia, Australia and USA. 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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Offshore Nieuws Staff , December 9, 2011; Image: AGR