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October 04, 2015 8:47 AM ET

Energy Equipment and Services

Company Overview of AGR Group ASA

Company Overview

AGR Group ASA supplies services and software to the oil and gas industry. The company offers reservoir evaluation and management, well planning and management, well operations, well testing, and integrated field management services, as well as facilities solutions, consultancy services, training, and software solutions. The company provides services primarily in the areas of geology, geophysics, petrophysics, reservoir and petroleum engineering, well construction, drilling management, completion design and installation, field development planning, and risk and economics evaluation. It serves small and medium sized operators and international oil companies in Norway, Europe, Australia, the Un...

Karenslyst allé 4

PO Box 444


Oslo,  0213


Founded in 1987

321 Employees


47 24 06 10 00


47 24 06 10 99

Key Executives for AGR Group ASA

Chief Executive Officer and Director
Age: 46
Chief Financial Officer
Senior Vice President of HSEQ
Executive Vice President of UK & West Africa
Senior Vice President of Asia Pacific
Compensation as of Fiscal Year 2015.

AGR Group ASA Key Developments

AGR Appoints Olav Fjell as New Chairman and Member of the Board

AGR has appointed Olav Fjell as its Chairman of the Board of Directors following the acquisition by the European private equity firm Silverfleet Capital in 2014. Olav has significant leadership experience in the financial and oil & gas industries including leading Statoil as Chief Executive Officer from 1999 - 2003. He is currently Chairman of Statkraft. Olav joins company's Adrian Yurkwich and David MacKenzie as a board member.

AGR Group ASA Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

AGR Group ASA announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported operating revenue, external of NOK 136,000 against NOK 17,221,000 a year ago. Negative EBITDA was NOK 18,572,000 against EBITDA of NOK 1,565,000 a year ago. Negative EBIT was NOK 19,150,000 against EBIT of NOK 682,000 a year ago. For the nine months, the company reported operating revenue of NOK 1,432,000 against NOK 26,560,000 a year ago. Negative operating profit before depreciation (EBITDA) was NOK 30,451,000 against operating profit before depreciation (EBITDA) of NOK 27,000 a year ago. Negative operating profit (EBIT) was NOK 31,149,000 against NOK 993,000 a year ago. Loss before taxes was NOK 19,965,000 against NOK 3,583,000 a year ago. Profit for the period was NOK 521,989,000 against NOK 99,131,000 a year ago. Net cash flow from operational activities was NOK 82,107,000 and capital expenditure for property, plant and equipment and intangible assets was NOK 98,000. Earnings per share continued operations were NOK 0.44 against NOK 0.03 a year ago. Earnings per share were NOK 4.20 against NOK 0.79 a year ago.

AGR Group ASA, Special/Extraordinary Shareholders Meeting, Nov 04, 2014

AGR Group ASA, Special/Extraordinary Shareholders Meeting, Nov 04, 2014., at 10:00 Central European Standard Time. Location: Karenslyst Allé 4. Agenda: To consider the election of the chairman for the meeting; to consider the election of one person to co-sign the minutes; to consider the approval of notice and agenda of the general meeting; to consider the approval of interim balance; to consider the reduction of share capital; to consider the distribution of dividend; and to consider the election of new board of directors.

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