AGR sells well management division

Private equity firm Silverfleet Capital has agreed to acquire AGR Holdings, the petroleum services division of the AGR Group, for $265 million.

Offshore staff

OSLO, Norway – Private equity firm Silverfleet Capital has agreed to acquire AGR Holdings, the petroleum services division of the AGR Group, for $265 million.

AGR Holdings provides well, HSEQ,reservoir, and field management services to the upstream sector.

It also provides rig access management, consultancy manpower, expert software solutions, and tailored training.

Since 2000 the company has delivered more than 500 well projects in 25 countries and over the last five years it has completed more than 1,000 reservoir studies. It has offices in Norway, Australia, the CIS, UAE, UK, and the US.

07/22/2014

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