AGR to report on OKEA’s Norwegian production imterests

OKEA has awarded AGR a frame agreement covering independent reserves evaluation and competent person reporting for its development and production interests across the Norwegian Continental Shelf.

AGR will provide a certification of OKEA’s mandatory annual statement of reserves and resources. The scope of work, which runs for four years, applies to all the company’s operated, partner-operated interests.

There are options to extend the arrangement.

AGR says its team uses proven reserves and resources evaluation methodologies and internationally accepted industry standards to estimate current and future oil and gas production volumes.

It also assesses associated uncertainties, fiscal frameworks and environmental conditions. The company is a subsidiary of ABL Group ASA.