AGR Field Operations Seals Deal for In-Service Inspection

AGR Field Operations has, through its entity AGR EmiTeam AS, signed a 4 year frame agreement with Statoil for the provision of In-Service Inspection. The agreement covers a total of 24 assets on the Norwegian Continental Shelf and onshore Norway.

The contract has provision for 2 successive 2 year extensions. The 24 assets covered by this agreement include Kårstø, Draupner, Sleipner, Troll, Brage, Heimdal, Huldra, Veslefrikk, Kvitebjørn, Oseberg, Visund, Grane and Snorre. Total value including options is estimated to more than NOK 750 million.

The increased scope of this contract will require a growth in AGR's workforce.

Åge Landro, EVP AGR Field Operations commented, "We are very pleased with this award by Statoil. This award constitutes a significant growth in the long term relationship between Statoil and Field Operations. We consider this long term contract with Statoil, and other recent awards, as a vote of confidence for the quality of services and the high competence we offer to our clients worldwide. Today we have 200 highly skilled and qualified employees within the Inspection & Integrity group, and as a positive effect of these awards we expect to increase this number substantially."