AGR Signs MOU with SP Offshore for Work Offshore Comoros Islands

Norway's AGR Petroleum Serices AS reported Thursday that the company and SP Offshore Energy Services Ltd have entered into a Memorandum of Understanding (MoU) under which AGR will provide a range of exploration services and the drilling of an ultra-deepwater (UDW) well off the Comoros Islands, between Mozambique and the Comoros.

SP Offshore, through its subsidiary SPO E&P (Comoros) SARL, works exclusively for Western Energy (USA) and Safari Petroleum plc (Jersey) in the territorial waters of the Comoros.

Western Energy East Africa LTD (Western) & Safari Petroleum Indian Ocean Limited (Safari) were awarded a Production Sharing Contract in blocks 38, 39, and 40 in the Comoros in March 2014.  It now plans a program of exploration studies including seismic interpretation, basin modelling, and resource assessments, followed by the drilling of an UDW exploration well.

Ian Burdis, AGR’s executive vice president, UK & West Africa, said: “We are delighted to have been granted the opportunity to work alongside SP Offshore to fully assess the potential of blocks 38, 39, and 40, and to deliver the Comoros UDW exploration well safely and efficiently.”

“AGR’s exploration team has experience with petroleum systems all over Africa and the rest of the world and has worked in a variety of basins, play types and structural styles. We have previously worked with the SP Offshore team on resource assessments in West Africa. AGR always strives to add value to our client’s projects, and on the drilling side, the experience gathered from over 500 drilling projects globally allows us to do just that. The combination of our Reservoir Management and Well Management divisions gives us the capability and the scale to support activities from exploration through to drilling and development, anywhere in the world.”

Scott Spears, CEO of SP Offshore said: “We are pleased to bring in AGR’s capabilities to our exploration services for Western and Safari in the Mozambique Channel. They offer a wide range of skills and experience in Ultra Deep Water which we feel will add value to our project requirements and we are certainly pleased to start working together in East Africa.”