«New» AGR – October 2012 (VNR) AGR Group ASA. 1987200020032004200520062007200820112012 Key...
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Transcript of «New» AGR – October 2012 (VNR) AGR Group ASA. 1987200020032004200520062007200820112012 Key...
«New» AGR – October 2012 (VNR)
AGR Group ASA
1987 2000 2003 2004 2005 2006 2007 2008 2011 2012
Key events in the history of AGR Group
AGR Services AS founded – cleaning of
oil and gas equipment
AGR sold to UK based PSL Group
AGR acquired back to Norway by original
founders
Sale of AGR Field Operations division
Altor Increases ownership share up
to 76%.
AGR organizes its business into three
stand-alone divisions.
Acquisition of Drilling Production
Technology AS (DPT)
Acquisition of Triangle
Technology
Acquisition of the
Peak Group
Acquisition of Reservoir Evaluation
Services AS
Acquisition of TRACS International
Consultancy Ltd
Acquisition of the Upstream Petroleum
Acquisition of Safe Control
NDT
Acquisition of RC Gruppen
70% of AGR sold to Altor
Private Equity
AGR listed in the Oslo Stock Exchange
AGR EDS acquires ORS
AGR establishes AGR Energy
AGR re-establishes a structure with stand-alone
divisions
The AGR Group
Field OperationsDrilling servicesPetroleum services
• Reservoir management
• Well management• Field Development• HSE&Q
• Well service tools – rental
• Trenching & excavation
• Project management and engineering
• Subsea Infrastructure
• Facilities Integrity• Operations and
maintenance• HSE&Q
Sold to Oceaneering in 2011
AGR Field Operations sold to OceaneeringMNOK
Sold at 1,365 MNOK
700 MNOK dividend
• Well Management• Reservoir Management• Consultancy• Training• HSEQ & Risk
Management • Software Solutions• Technical Operator
Today’s structure of AGR
AGR Group ASA
Petroleum Services
Enhanced Drilling Solutions
Tools &Technologies
• CTS• RMR• EC-drill• Dual Gradient Drilling
• Well Service tools• Dynamic Desander• Trenchning & Excavation• Cannseal
A significant global presence
• Abu Dhabi• Australia• Brazil• Dubai• Israel• Norway• Russia• UK• USA
AGR Offices
• ~ 1.000 employees world wide• 4 regional hubs (Norway, UK, Australia, Americas)• Revenue in 2011: ~ 1,9 BNOK• EBITDA in 2011: ~ 250 MNOK
International development
10
2000
International revenue
Regional hubs
45
2011
International revenue
Regional hubs
AGR Petroleum Services
Well Management
ReservoirManagement
HSEQ & Risk Management
Software Solutions
Consultancy Services
AGR Petroleum Services is a global player offering a complete portfolio of Reservoir and Well Delivery Services covering all aspects of a the activities. The services is delivered integrated as one combined solution, as well as separate services from each of the five business areas.
– Managed drilling of 400 wells in 10 years
– 1,000 reservoir studies in 5 years
– Managed 13 rigs simultaneously worldwide
– Drilled the deepest GoM HPHT well at 33,000 ft below mud line and 33,000 psi
Experience and strength
Abandonm
ent
Exploration & Appraisal
Feas
ibili
tyCon
cept
Sele
ctio
n
FEED
Exec
ute Production
Field Development
GainingAccess
Reservoir
Wells
Integrated Services
Facilities Solutions
AGR Integrated Services
AGR Petroleum Services locations in Norway
AGR Petroleum Services - current
Bergen
Stavanger
Oslo
AGR Petroleum Services - future
AGR Petroleum Services has traditionally been located in Oslo, Trondheim and Stavanger.
In 2nd half of 2012 the search for personnel to start the build-up of a reservoir and well delivery business out of the Bergen region has started.
Trondheim
AGR. Pioneering AchievementsTM.
www.agr.com