AGR has been awarded an agreement with GDF Suez E&P Norge to deliver well construction and drilling operations for the Cara well license in the Norwegian North Sea.
The well is in the license area of PL636 and the planning phase for the project is currently underway with drilling planned for the third quarter of 2016.
The operational phase may be extended with an optional drill stem test which is part of the scope of work.
AGR’s chief executive, Svein Sollund, said: “We are very excited about this award and look forward to the collaboration with GDF SUEZ E&P Norge.
“Our Well Management team is ready to commence the work. We will apply our experience from 500 well projects globally of which more than 80 have been delivered on the Norwegian Continental Shelf.”