AGR Garners Another Contract from Hydro

AGR Group ASA has been awarded another contract providing riserless mud recovery (RMR) equipment and services to Hydro on the Norwegian Continental Shelf.

The contract covers the drilling of two wells on the Vilje field with Deep Sea Delta. Equipment and personnel are being mobilized.

The estimated start-up of operations is mid-May 2007. The current estimated contract value is NOK 8 million.

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