#AGR and #Lundin Norway in NCS drilling services agreement

AGR, a provider of technologies and services to the petroleum industry, has signed a three-year frame agreement with Lundin Norway to provide drilling services on the Norwegian continental shelf, with two one-year options. Reported Energy Business Review.

The company will provide drilling management services for Lundin on a call-off basis, and the contract may also include emergency response to support the drilling operations.

AGR executive vice president Sjur Talstad said the company looks forward to continue to work with and deliver drilling management projects for Lundin.

"The newly formed AGR equips us with the leading drilling technologies and I look forward to the start of another successful partnership with Lundin," Talstad said. Full article available here 

Operators and service companies are viewing the NCS with renewed interested after Statoil’s recent discoveries in the Aldous South. We recently undertook a North Sea Survey where responses supported the argument that the NCS is a new exploration opportunity for many E&P companies.

To download the full survey report click here

Oil and Gas Outlook North Sea 2012 will highlight new exploration opportunities in North Sea as a whole, with a strong focus on the NCS and the west of Shetlands. For more information visit the website here