AGR Group has entered its first jackup agreement for its Riserless Mud Recovery (RMR) technology, on the jackup rig Constellation II in Egypt, with BP.
Previously the RMR, which is designed to re-circulate and reuse the drilling fluids that are needed when drilling top hole sections of a well, has been exclusively used on semi-sub rigs.
Sverre Skogen, CEO AGR Group commented, "This is a significant, breakthrough agreement for AGR Group. This contract with BP and its joint venture partner on a Jackup expands the potential market for the RMR considerably, when taking into account the addition of the jackup rig market to our established presence on semi-submersibles."
The tophole the RMR will be used on is at 19 meters depth at the Rahamat Field outside Alexandria.
As at December 2007, since its introduction the RMR has been used to drill 58 wells, in locations including the Barents Sea, the Caspian Sea, the North Sea and in the Asia Pacific region.
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