KEY BENEFITS DELIVERED
AGR provided an independent assessment of the initial petroleum resources, technically recoverable resources, and potential field development pathways, encompassing detailed estimates of drilling expenses and project-related risks.
The insights from the AGR report, coupled with the client’s internal evaluation, played a pivotal role in shaping the acquisition verdict. Subsequently, an accord was reached between the two firms, culminating in the creation of a collaborative entity under the joint venture arrangement. As a result, JAPEX has entered the Norwegian continental shelf through strategic acquisiton.