AGR Field Operations has so far succeeded in its strategy of geographical expansion.

AGR Field Operations has been awarded a maintenance engineering project for StatoilHydro on their Peregrino project in Brazil. AGR Field Operations will provide maintenance engineering services for the Peregrino field outside Brazil.

This is the first maintenance engineering project for AGR in Brazil.

Executive Vice President of AGR Field Operations, Age Landro commented, "This represents a milestone for us, and it confirms the quality of our services. It serves as an excellent indicator of AGR's ability to provide engineering and consultancy services to a major player. We see this as a very important project for us, as it is the first project we do in Brazil. We consider Brazil as a very interesting area and believe this will be a region of strategic importance for the expansion of our business in the time to come. We are very pleased that we get the opportunity to work together with StatoilHydro on this project."

AGR Field Operations has established an entity in Rio de Janeiro, Brazil. The company's name is AGR Group Brazil Servicos de Petróleo LTDA, and was recently ISO 9001 certificated. It will be responsible for carrying out all AGR activities in Brazil. For now the activities are focused within the product lines maintenance management, integrity and inspection. The parent company has in the last few years developed several high technology products that in addition to vastly improve technical safety, meet international requirements, and reduce the cost of such inspections also provides environmental benefits.

AS part of the strategy in establishing the branch company i Brazil, AGR Field Operations expects to launch all services within inspection and technical integrity within end of this year.

Peregrino is an oilfield located offshore southwest of the Campos Basin area. It is located 85km off the coast at 100 meter depth. The field is operated by StatoilHydro after their acquisition of 50% share previously owned by Anadarko.

Tags: AGR Group