AGR Field Operations signs 2+1 year contract with PTTEP Australasia for provision of Logistics and Supply Base operations

Wednesday, Jun 23, 2010

AGR Field Operations, has signed a 2+1 year contract with PTTEP Australasia for the provision of Logistics and Supply Base operations.

The services will be provided out of AGR’s Darwin Oilfield Services Centre, a modern custom-built facility designed for the management of logistics, storage, maintenance, refurbishment, testing and rental of oilfield equipment. The contract has an estimated value of NOK 8 million over the next three years.

Brett Smith, Senior Vice President in AGR Field Operations commented: “AGR’s Darwin Oilfield Services Centre has been catering to the Subsea, Drilling and Offshore operations sector for the past 15 years. We have invested considerable time and effort in setting up ISO certified safety, technical and management systems to provide our customers with world-class service delivery in support of their operations. We welcome this contract with PTTEP Australasia in support of their offshore operations in the Timor Sea.”

AGR Field Operations is part of the Oslo Stock Exchange-listed AGR Group. AGR Field Operations supports both operators and asset holders with expertise and knowledge in the management of their assets during the entire life-cycle. We are providing innovative technologies and solutions that maximize efficiencies and improve profitability for our customers. Our areas of expertise lie within field development, operations and operational support, and asset integrity management of oil and gas infrastructures. In addition we serve local industries including power utilities, nuclear, marine, and food processing. We have approximately 800 employees and have offices in Norway, Sweden, UK, Malaysia, Singapore, Australia, USA and Brazil.