VARG: “The Tail Is Bigger Than The Fish”.
VARG: “The Tail Is Bigger Than The Fish”.
1 PagesAGR Karenslyst Allé 4 PO Box 444, Skøyen 0213 Oslo Norway T: +47 24 06 10 00 E: petroleum.services@agr.com www.agr.com CHALLENGE PGS production had an FPSO on the North Sea Varg Field when the Operator decided to shut the ?eld down due to low pro- duction. Pertra, PGS’ oil company, acquired Varg in 2002 for $1 plus an obligation to cover abandonment costs. In order to tackle this challenging opportunity, Pertra contracted with AGR to lever
