The Aberdeen office of AGR Petroleum Services (AGR) said yesterday it had won an £875,000 contract to evaluate oil and gas reserves on behalf of Pakistan’s national oil company.
Oil and Gas Development Company (OGDC) is Pakistan’s biggest operator with more than 140 oil and gas assets.
The evaluation will review the reserves of OGDC’s operated and non-operated assets and identify operational activities which could add to the growth of Pakistan’s oil industry.
Mark Cook, vice-president of AGR’s reservoir-management team in the UK, said: “This represents the largest single reserves evaluation, certification and fair-market-value reporting project that our company has secured.
“The work will be completed by an experienced team based in Aberdeen and will include input from OGDC’s technical team who will travel to Aberdeen to assist our engineers and geoscientists.”
Marathon Oil reported net income for the third quarter of 2010 of £435million, up from £258million a year earlier.
It said sales volume from continuing operations during the third quarter averaged 399,000 barrels of oil equivalent per day (boepd), compared with 366,000boepd for the same period last year.
It said revenue for the quarter was £11.5billion, against £9.5billion the year before.