AGR signs Excavation Master Service Agreement with Heerema Marine Contractors
2009.06.25 -
Company News
AGR Subsea Ltd today announced that it has signed a Master Service Agreement with Heerema Marine Contractors. The five year Agreement covers a range of equipment, including Seabed Transfer System pumps, the SeaVator Mass Flow Excavator and AGR’s unique ClayCutter X hard ground excavation and pipeline route preparation system.
The first work to be executed under the new agreement will be seabed excavation around platform piles on a number of Ekofisk platforms, in preparation for removal of the structures.
John Sands, AGR Subsea Ltd’s Managing Director, stated: “AGR Subsea are delighted to have this opportunity to increase our exposure to the growing decommissioning market. Working closely with HMC means that operators will be able to take advantage of our reliable and cost effective excavation equipment as part of a wider service package now and in the future.”
Illustration://AGR Subsea
Petroleum Geo-Services ASA ('PGS' or the Company) announced today that it has entered into a definitive agreement to acquire Applied Geophysical Services, Inc. (AGS) for a price of USD 51 million, subject to certain adjustments for changes in working capital. PGS estimates an enterprise value for AGS of approximately USD 46 million. AGS is based in Houston, Texas and specializes in providing advanced depth imaging services. The transaction is expected to close during the course of this week.
Total announces the acquisition of a 40% interest in three exploration permits northeast of Ichthys on the Australian Browse Basin jointly with Inpex (60%, operator). These interests were held by ConocoPhillips. This acquisition is subject to the approval of the Australian authorities.
Rowan Companies, Inc. (NYSE:RDC) announced today that it has entered into contracts with Keppel AmFELS, Inc. for the construction of four Super 116E class jack-ups. The rigs will be built at AmFELS' Brownsville, Texas shipyard, with delivery scheduled at approximately four-month intervals beginning in the second quarter of 2010.
Gaz de France has acquired a 45% stake in the Alam El Shawish West licence in Egypt from Vegas Oil & Gas.
Trico Marine Services, Inc. (NASDAQ: TRMA) ("Trico") and Active Subsea ASA (NOTC: ASUB) ("Active Subsea") today announced that Trico intends to make a voluntary offer for all outstanding shares, options and warrants of Active Subsea.
