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Moves on Stavanger rig safety group
Posted 09.05.2012 10:14:02 av John Bradbury
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AGR Group is buying a majority stake in a Stavanger based company which provides key rig suppor and safety personnel.

Oslo-listed AGR said today it has signed an agreement to buy 80%  of Steinsvik and Co which provides safety coaches and internal control officers and which runs safety training courses for oil companies and operates a safety inspection service in Norway and internationally.

“The acquisition is part of AGR's strategy to  strengthen the HSEQ [health, safety, environment and quality] product offering linked to Well Management projects,” AGR said in announcing the deal today.

Last year Steinsvik reported turnover of NOK 50 million (US $5m) and earnings of NOK 8.9 m.
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