AGR’s Division Joins Forces with ORS (Norway)

AGR's Division Joins Forces with ORS (Norway)

Ocean Riser Systems (ORS) has joined forces with Enhanced Drilling Solutions (EDS), a division of AGR Group (AGR), to form AGR EDS-ORS.

The announcement was made on the Oslo Stock Exchange this morning that AGR has signed an agreement to purchase 100% of the shares in ORS, which has ‘developed technology and Intellectual property complementary to AGR’s EDS services’.

This transaction is subject to several conditions such as financing and board approvals. It is intended that the transaction process is completed in late August.

David Hine, EVP of AGR EDS-ORS, said: “This merger is an exciting development for both companies: AGR EDS-ORS will be at the forefront of the marketplace when it comes to providing the industry with the next generation of Dual Gradient Drilling and Managed Pressure Drilling solutions. Together, we will provide a truly comprehensive technology portfolio, reduced risk and a constant R&D capability.”

AGR EDS-ORS headquarters will be at the former EDS division head office in Straume, Norway. The new company retains EDS offices in the USA, Canada, Brazil, Australia and Azerbaijan.

Former ORS-staff will continue to be based at its Oslo and Houston offices.

The integration of both AGR Enhanced Drilling Solutions and ORS will be a gradual process over the coming months, with no disruption to customers.

AGR Enhanced Drilling Solutions made its name with the Riserless Mud Recovery system (RMR®) and Cuttings Transportation System (CTS®), which together have been deployed on more than 500 wells worldwide.

More recently, the firm moved into Managed Pressure Drilling for floating rigs with its EC-Drill® system, plus Managed Pressure Cementing system, MPC®. Both solutions have been nominated for this year’s ONS Innovation Award.

ORS has been developing its Low Riser Return System (LRRS™) since 2001 to provide Managed Pressure Drilling for the subsea market. LRRS™ has also been nominated for the ONS Innovation Award.

Lars Bjerke, CEO of ORS, added: “AGR EDS-ORS combines the formidable talent of both companies. I am positive that there is much that we can learn from each other as we move forward as one team. I am confident we can achieve remarkable things together.”

Subsea World News Staff , July 16, 2012;  Image: AGR

Share this article

Follow Subsea World News


<< Dec 2015 >>
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

2nd Annual Offshore Power Cable Engineering and Reliability Forum

This exclusive BIS forum will showcase an analytical insights into how industry leaders are reducing risk and improving efficiency during offshore power cable installation. Participants will learn how to increase cable integrity and manage cost during offshore projects. This interactive forum will explore effective and safe maintenance of offshore cables in deeper, harsher environments. With a two day intimate forum followed by half a day workshop, joining together key industry professionals to discuss, brainstorm, share experience and partake in exclusive networking sessions in a flexible and dynamic platform – together shaping the future of the market.

As Europe strives to meet its 2020 renewable targets the need for infrastructure increases and the integration of renewable energy into the European grid along with the necessity for trade is of huge importance. HVDC offshore cables are a vital investment; both of time and money, and any challenges arising could result in operational and financial losses. An insight on how to efficiently cope with the changes and keeping up with market trends is needed.

This BIS GROUP Forum will allow leading electricity cable and interconnection players to exchange and discuss experience on reliable offshore power cable monitoring, protection strategies, repair and installation technologies that are vital for operating in cost-efficient manner. The forum will also provide solutions and strategies on how to overcome the challenges of laying and installing of offshore power cables in deep water / far offshore.


  • Deepen your insight into the latest cable design advancements
  • Identify the latest technological innovations in cable laying & installation projects
  • Explore the possibilities of dynamic cables and deep water installation
  • Discover new generation of cost effective burial and trenching methods
  • Ease your cable protection strategy and save your resources
  • Explore how to use the latest monitoring and testing techniques to enhance cable repair
  • Gain invaluable insight into the latest maintenance methodologies to achieve cable integrity and reduce cost
  • Benefit from expert opinion on predictive and preventative maintenance strategy
  • Examine vessel capabilities and availabilities in offshore projects
  • Receive clarification on the roles and responsibilities of Marine Warranty Surveyor
  • Take advantage of an excellent opportunity to meet other stakeholders in an informal setting

More Info

read more >

66kV Offshore Wind 2015

The only networking event on 66kV array grids.

66kV Offshore Wind is a technical event for experts in the wind industry. The goal is to provide a clear path to commercial implementation of 66kV array grids. By exploring developer requirements, WTG capabilities and equipment certification, we hope to reduce both uncertainty and time to implementation for 66kV offshore wind.

The conference aims to:

  • Evaluate project requirements to select 66kV inter-arrays
  • Explore turbine requirements for use in 66kV systems
  • Review certification procedures for higher voltage equipment
  • Evaluate the technology and cost impacts on transformers, cables and switchgears
  • Understand the need for reactive power compensation in offshore substations

More Info

read more >

Decommissioning and Mature Wells Management Conference

Understand how to effectively plan for decommissioning in a low oil price environment, including accurate cost estimation while ensuring…

read more >


This course will provide a complete and up-todate overview of the area of Subsea Pipeline Engineering, taking delegates through the pre-design…

read more >