Equinor Signs Deal With AGR for Subsurface & Field Development Support

Group 1 - Equinor ASA (EQNR) has signed a long-term frame agreement with AGR for subsurface and field development solutions, supporting both offshore and onshore projects [1][2] - The agreement is valid for three years with options to extend for two additional years, providing technological support for early-phase project development [2] - AGR will leverage its expertise in reservoir management and subsurface consulting to assist Equinor in various projects, including energy transition initiatives [3][4] Group 2 - AGR's team consists of experts in geology, reservoir engineering, and production technology, with a proven track record of over 1,700 reservoir studies and involvement in more than 65 carbon capture projects [4] - Equinor is actively exploring new oil and gas fields while upgrading existing infrastructure and working on offshore wind, blue hydrogen, ammonia, and carbon capture technologies [3] - The energy sector includes other companies like PEDEVCO Corp., Archrock Inc., and Subsea7, which are also positioned for growth in the current market [5][6]