AGR has struck a frame agreement with Det Norske for annual, independent reporting of the company’s reserves portfolio.
The deal will last four years and includes an option for Det Norske to expand the scope to cover the reserves assessment of merger and acquisition targets as well as resources assessment and certification of unsanctioned projects.
Det Norske is one of Europe’s leading independent exploration and production companies with a number of interests and licences across the exploration, development and production lifecycle on the Norwegian continental shelf.
Morten Heir, AGR’s vice president of Reservoir Managment, said:“Det norske is one of the most respected players on the Norwegian Continental Shelf and we are very pleased to be working with them on their reserves reporting. AGR has 20 years’ experience as an asset evaluator and auditor and is recognised as an official 3rd party reserves auditor by major international banks and financial institutions.
“We look forward to continuing our good relationship with the operator and working with the team at Det norske.”