AGR Subsea Signs Master Service Agreement with HMC

26 June 2009

AGR Group subsidiary AGR Subsea Ltd has signed a master service agreement with Heerema Marine Contractors (HMC).

The five year agreement covers a range of equipment, including Seabed Transfer System pumps, the SeaVator Mass Flow Excavator and AGR's 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.

AGR Subsea Ltd Managing Director John Sands 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."