Oil services firm AGR could be set to sell off its main well management arm after successfully spinning off its drilling division last year.
The Oslo-listed firm, which provides well management for operators in the North Sea and around the world, employs around 80 people at its Aberdeen base.
It has managed a number of major projects, including drilling off the Falklands and in the North Sea.
“Following the spinoff of AGR Enhanced Drilling, the board has initiated a strategy review for AGR Petroleum Services which constitutes the majority of the listed AGR Group ASA,” the company said in a statement.
“Alpha Corporate Finance has been appointed as advisor and will assist in an evaluation of all strategic avenues open to the company.”
Last year AGR demerged the company’s two divisions – Petroleum Services and Drilling Services – with the latter being spunoff into a new private company.
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