AGR Group: Ormen Field Services Contract Canceled

AGR Group announced that the previously exercised Option 2 of the services contract to extend the excavation work on the Ormen Lange Southern Field has been cancelled due to design development. AGR Group's high powered DWE Equipment including the new Claycutter X excavation technology will still be used for the Base Scope Work of this contract and for any additional work and extensions that are required.

The Base Scope of work remains at the significant level of approximately 1.900 m3 excavation volume and an estimated 32 days offshore work.