AGR Well Management team in Norway is currently planning and preparing the delivery of two exploration wells in the Norwegian North Sea.

As announced earlier, AGR is managing the well construction and operational execution of the Cara well which is located in the production licence PL 636 on behalf of Engie E&P.

The wildcat Brasse, located in the PL 740 and jointly operated by Faroe Petroleum (50%) and Core Energy (50%), will be drilled to test a structure immediately to the south of the producing Brage field (Faroe 14.3%). AGR is the Well Management company providing well construction, logistics and cost management support in addition to operational execution.

Svein Sollund, CEO AGR comments, “We are very pleased to be delivering our industry recognised Well Delivery Process to such highly reputable partners like Engie E&P and Faroe Petroleum."

Both Brasse and Cara wells are expected to be spud in Q2/Q3 2016 using the Transocean Arctic rig.

About AGR

AGR delivers well, HSEQ, reservoir and field management services to the upstream oil and gas industry. The company also offers rig access management, consultancy manpower, expert software solutions and tailored training.

Since 2000 AGR has completed over 500 well projects in 25 countries on six continents and completed more than 1,000 reservoir studies only in five years. AGR has offices in Norway, Australia, CIS, UAE, UK and the USA.