Well management firm AGR said today it had picked up a frame agreement with Scandavian oil firm Statoil.
The agreement includes the possibility for total well management services with Statoil worth about £10.7million-£14million a year.
It also includes well management support to Statoil’s international operations, where AGR can provide support from offices including Aberdeen, London, Houston, Perth and Dubai/Abu Dhabi.
The contract period is for an initial two years.