AGR Joins Consortium to Bid on Niger Delta Asset

Wednesday, October 15, 2014

AGR has joined as technical partner in a bid consortium to acquire Nigeria’s OML 29 onshore the Niger Delta from Shell. Indigenous firm Aiteo E&P has taken the majority stake in the consortium.

AGR as technical partner will be a key player in the future development of the asset and the technical scope will be carried out by AGR’s Facilities Solutions.

Inge Holm, VP of AGR Facilities Solutions, said: “This is an exciting and very important prospect for us. The Shell assets contain a large amount of reserves and will give a good return to shareholders. When successful, the deal will also signal a significant contract for us.”

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