Global oil and gas service company AGR is pleased to announce that it has entered into a Memorandum of Understanding (MOU) with Independent Oil & Gas PLC (IOG) to work together to deliver Well Construction & Well Project Management services in respect of IOG’s forthcoming drilling activity.

AGR’s EVP UK and Africa, Ian Burdis, said: “We are delighted to have been granted the opportunity to work alongside IOG to deliver their projects safely and efficiently.

“At AGR, we strive to add value to our client’s projects and with experience gathered from over 500 drilling projects globally we are well positioned to do just that.”

Mark Routh, CEO of IOG said: “We are delighted to have signed this MOU and with AGR’s assistance we look forward to operating next year’s proposed drilling programme on Cronx, subject to completing the Cronx acquisition.”

AGR delivers well construction and project management, 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. AGR operates in all regional main oil hubs around the world and over the last 13 years has completed over 500 well projects.

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.

About Independent Oil and Gas

IOG is an oil and gas company with established assets focused on the UK North Sea. The company’s strategy is to deliver near term development and production assets in North West Europe, through its extensive technical and commercial expertise, whilst maintaining some exposure to exploration upside. The Company is looking to grow both organically and through acquisition.

Post completion of the Cronx acquisition IOG will have five licences in the North Sea: The Blythe and Skipper licences are co-owned 50% with Alpha Petroleum Resources (formerly ATP Oil and Gas UK Ltd). IOG has a 100% working interest in two other licences awarded in the 27th licensing round. One is to the west of and adjacent to Skipper, which contains the Theakston and Moorhouse prospects and the other is to the east of Blythe containing the Truman prospect and Harvey discovery. Both these 100% owned licences have potential resources that could be tied back to developments at Skipper and Blythe respectively. The Blythe owners are preparing for the submission of the Blythe Field Development Plan.