Having delivered successful plug and abandonment contracts for exploration wells in the North Sea and Norwegian Sea, the company is looking to grow its share of the global market this year.
It was recently awarded a contract to provide well abandonment project management services for an offshore field in the Asia-Pacific region.
AGR CEO Age Landro believes the flexibility of its approach and experience of drilling in all possible environments, including deepwater, ultra deepwater and sensitive and remote locations, positions it as a contractor of choice for operators seeking to close down wells.
"There is a growing market demand globally for plug and abandonment services, with many mature fields being decommissioned and a high number of wells that require to be closed down," he said.
"It is an area of offshore activity where we can offer operators experience, high level of drilling, operational and project management expertise and a flexible approach to meet specific project requirements.
"We have already delivered a number of abandonment projects in the North Sea and are very pleased to have recently secured a new assignment in the Asia-Pacific area."
