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«New» AGR – October 2012 (VNR)

AGR Group ASA. «New» AGR – October 2012 (VNR). Key events in the history of AGR Group. Acquisition of Drilling Production Technology AS (DPT). Acquisition of the Upstream Petroleum. AGR acquired back to Norway by original founders.

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«New» AGR – October 2012 (VNR)

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  1. AGR Group ASA «New» AGR – October 2012 (VNR)

  2. Key events in the history of AGR Group Acquisition of Drilling Production Technology AS (DPT) Acquisition of the Upstream Petroleum AGR acquired back to Norway by original founders AGR Services AS founded – cleaning of oil and gas equipment Sale of AGR Field Operations division AGR establishes AGR Energy Acquisition of Safe Control NDT Acquisition of Triangle Technology AGR sold to UK based PSL Group 70% of AGR sold to Altor Private Equity Acquisition of the Peak Group Altor Increases ownership share up to 76%. AGR organizes its business into three stand-alone divisions. AGR EDS acquires ORS Acquisition of RC Gruppen AGR re-establishes a structure with stand-alone divisions Acquisition of Reservoir Evaluation Services AS Acquisition of TRACS International Consultancy Ltd AGR listed in the Oslo Stock Exchange

  3. The AGR Group Sold to Oceaneering in 2011 Petroleum services Drilling services Field Operations • Reservoir management • Well management • Field Development • HSE&Q • Well service tools – rental • Trenching & excavation • Project management and engineering • Subsea Infrastructure • Facilities Integrity • Operations and maintenance • HSE&Q

  4. AGR Field Operations sold to Oceaneering MNOK Sold at 1,365 MNOK 700 MNOK dividend

  5. Today’s structure of AGR AGR Group ASA Petroleum Services Enhanced Drilling Solutions Tools & Technologies • Well Service tools • DynamicDesander • Trenchning & Excavation • Cannseal • CTS • RMR • EC-drill • Dual Gradient Drilling • Well Management • Reservoir Management • Consultancy • Training • HSEQ & Risk Management • Software Solutions • Technical Operator

  6. A significant global presence AGR Offices • Abu Dhabi • Australia • Brazil • Dubai • Israel • Norway • Russia • UK • USA • ~ 1.000 employees world wide • 4 regional hubs (Norway, UK, Australia, Americas) • Revenue in 2011: ~ 1,9 BNOK • EBITDA in 2011: ~ 250 MNOK

  7. International development • 2000 • 2011 • Regional hubs • Regional hubs • International revenue • International revenue

  8. AGR Petroleum Services AGR Petroleum Services is a global player offering a complete portfolio of Reservoir and Well Delivery Services covering all aspects of a the activities. The services is delivered integrated as one combined solution, as well as separate services from each of the five business areas. Reservoir Management Software Solutions HSEQ & Risk Management Consultancy Services Well Management

  9. Experienceandstrength • Managed drilling of 400 wells in 10 years • 1,000 reservoir studies in 5 years • Managed 13 rigs simultaneously worldwide • Drilled the deepest GoM HPHT well at 33,000 ft below mud line and 33,000 psi

  10. AGR Integrated Services Field Development Gaining Access Exploration & Appraisal Production Abandonment Concept Selection Feasibility FEED Execute Reservoir Wells Facilities Solutions Integrated Services

  11. AGR Petroleum Services locations in Norway AGR Petroleum Services has traditionally been located in Oslo, Trondheim and Stavanger. In 2nd half of 2012 the search for personnel to start the build-up of a reservoir and well delivery business out of the Bergen region has started. Trondheim Bergen Oslo Stavanger AGR Petroleum Services - current AGR Petroleum Services - future

  12. www.agr.com AGR. Pioneering AchievementsTM.

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