AGR has reached an agreement with the Norwegian development and production company, OKEA, to support the life cycle of its upstream assets on the Norwegian Continental Shelf.
OKEA was launched in late 2015 with the sole focus of unlocking value in conventional oil and gas discoveries that have been found, but not developed over the years.
Through strategic partnerships with companies like AGR, OKEA aims to create cost-effective development solutions to bring existing discoveries into production.
Morten Heir , AGR’s VP of Reservoir Management, said: “We are excited to have signed the frame agreement with OKEA and to be part of the company’s ambitious business model. Our first assignment covers supporting OKEA in their field development and reservoir evaluation studies.”