AGR shares new drilling tech and growth plans

The CEO of AGR Group, Sverre Skogen, outlined the corporation’s objectives at the annual Pareto Securities Conference. The company will take on a new growth strategy that will enable it to maximize opportunities presented by today’s market conditions. The strategy focuses on better technology and closer working relationships across divisions and markets. AGR Group is launching a new technology which allows for safer, cost-effecient drilling of wells where reservoir conditions require more precise bottom-hole-pressure management. Suitable for use off both fixed and floating rigs, the EC-Drill® technology is expected to provide further growth across the businesses. Skogen also intends to combine the company’s drilling technology and petroleum services divisions together to form ‘AGR’. By bringing them together, the company can offer customers more choice and flexibility.

Previous articleAMG business unit celebrates 100 years
Next articleCoal-fired plant in Vietnam
Stainless Steel World Publisher
Stainless Steel World is part of The KCI Media Group, a group of companies focused on building and sustaining global communities in the flow control industries. We publish news on a daily basis and connect business-to-business professionals through our online communities, publications, conferences and exhibitions.