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13.01.2020 Asset Evaluations & Reserves

AGR secures several Competent Persons Report CPR contracts

Our Asset Evaluations & Reserves business unit has yet again proved that they are the 3rd party asset evaluator of choice for compiling Competent Persons Reports (CPR) after announcing new assignments with several regional and global operators.

With work started in January, for several largest operators on the Norwegian Continental Shelf (NCS), Australia and South America, AGR’s Asset Evaluations & Reserves team of experts have reaffirmed its strong reputation for reserves certification related projects.

Our teams will be providing an independent report to assess the reserves and/or contingent resources using its in-house methodologies to estimate in-place and future production, analyse uncertainties and calculate commercial forecast of E&P assets.

Erik Lorange, VP Reservoir Management, said: “These new contracts are great news for us. Several of these assignments are for clients AGR has a long collaboration relationship with which is proof of the quality of our work we deliver. We are a global provider for Competent Persons Reports as we have recently delivered reports to stock exchanges in, among other locations, Scandinavia and Australia. We’re also recognised as independent auditors by multiple banks in these regions, further underpinning our expertise.”


AGR are able to deliver CPR work thanks to its in-house expert team who have more than 20 years’ experience in disciplines covering reservoir engineering, petroleum economics, petrophysics, geophysics as well as drilling and facilities.

To learn more about our Competent Person Report capabilities and discuss your exact requirements, please contact us.