AGR

What AGR does

AGR is a multi-disciplinary energy consultancy and software provider, headquartered in Oslo, Norway, and operating as a wholly-owned subsidiary of Aqualis ASA (formerly ABL Group ASA, listed on the Oslo Stock Exchange under ticker AQUA). Founded in 1989 and active across 40+ markets, AGR delivers integrated services spanning well management and drilling engineering, subsurface and reservoir management, marine and subsea operations, well control and blowout contingency, wellsite and operations geology, technical safety and risk management, decommissioning, and low-carbon solutions (CCS/CCUS, geothermal, hydrogen, deep seabed minerals). It also runs a technical staffing and recruitment arm, AGR Consultancy, which was materially expanded by the 2025 acquisition of Techconsult AS, giving the division access to a pool of 26,000+ professionals. The company co-founded the NORSOK D-010 well integrity standard, holds ISO 9001, 14001, and 45001 certifications, and reports 35+ years of continuous operations.

AGR's technology base centers on its proprietary iQx™ software platform for probabilistic well cost, risk, and rig scheduling, together with OLGA-WELL-KILL for customized transient multiphase blowout simulation. The marine capability is supported by a multi-purpose vessel fleet (Ross Eagle, Aquaman II, Sunny Lady), and the subsurface practice operates with 20+ years of average team experience and a data repository spanning 780+ well projects, 1,800+ blowout contingency plans, 1,500+ reservoir studies, and 2,500+ wells analysed. AGR serves enterprise energy operators — Equinor, Aker BP, Vår Energi, OKEA, Petoro, DNO, Wintershall Dea, OMV, CNOOC, Neptune Energy, JAPEX, KNOC — primarily via long-term frame agreements and project-based contracts, with complementary work in CCS and offshore wind. Revenue is generated through professional services engagements, technical staffing, and software provision, quoted on a custom project basis and delivered through direct enterprise sales channels across offices in Norway, the UK, Australia, and additional regions.

AGR has grown primarily through acquisition: the 2023 merger of Add Energy Drilling and Wells, the June 2024 Ross Offshore transaction, and the 2025 Techconsult AS acquisition, all wrapped within the June 2026 rebrand of the parent group from ABL Group to Aqualis. Strategic partnerships with Omega Subsea (North Sea survey and ROV), deepC Store (Australian offshore CCS), and IntelliS Corporation (APAC talent resourcing) extend the delivery network without capital-intensive in-house build. AGR's near-term focus appears to be scaling the energy-transition service line, deepening its recruitment franchise via the Consultancy division, and leveraging the Aqualis group footprint to cross-sell integrated marine, subsurface, and well management offerings to global operators.

Name

AGR

Legal name

AGR (part of Aqualis ASA)

Website

https://agr.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

251–500 employees

Short description

AGR is a Norwegian multi-disciplinary energy consultancy and software firm, serving global oil & gas operators, CCS projects, and offshore wind developers with well management, subsurface, marine, decommissioning, technical safety, and resourcing services under the Aqualis ASA parent.

Ownership category

akta.pro rank

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Professional Consultancy Services: AGR generates revenue through providing expert consultancy services across drilling & wells, subsurface, marine and subsea operations, technical safety, and software provision. Revenue is generated through project-based engagements, frame agreements, and long-term contracts with energy operators.
2. Technical Staffing & Recruitment: Technical staffing and resourcing services placing professional workforce in energy sector roles. Revenue generated through placement fees and ongoing workforce solutions contracts with clients across 100+ locations worldwide.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

AGR is a multi-disciplinary energy consultancy providing integrated services across drilling and wells, subsurface and reservoir management, marine and subsea operations, decommissioning, technical safety, technical staffing, and energy transition (CCS/CCUS, geothermal, hydrogen). It complements these services with proprietary software (iQx, OLGA-WELL-KILL) and a fleet of multi-purpose offshore vessels. The company delivers consultancy, engineering, project management, and resourcing solutions to oil and gas operators, CCS developers, and offshore wind clients across more than 40 global markets.

Product overview

AGR is a multi-disciplinary consultancy offering a comprehensive portfolio of energy services under an integrated platform-plus-modules architecture. The core proprietary software product is iQx™, which encompasses modules for rig scheduling (iQx RIG) and probabilistic planning for well abandonment (iQx P1™). Services are organized into distinct but complementary offerings: Well Management & Engineering (including Well Engineering, Well Control & Blowout Contingency with OLGA-WELL-KILL software, Wellsite & Operations Geology, and Technical Safety & Risk Management), Marine & Subsea Operations supported by a fleet of multi-purpose vessels, Subsurface & Asset Evaluation (including Reservoir Management, Asset Evaluations and Reserves), Decommissioning, AGR Consultancy (technical recruitment and staffing), and Low Carbon Solutions (CCS, geothermal, hydrogen, deep seabed minerals). The company operates as part of Aqualis ASA (formerly ABL Group) and draws on sister companies ABL and Longitude for integrated marine and engineering capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• iQx: Proprietary well engineering software for uncertainty management and well costing
• AGR Consultancy
• AGR Software

Products and services

• iQx Software

Quantifiable outcome

• Saved clients over $100m USD on well intervention costs
• +6 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Omega SubseacoreStrategic or Co-development Partner · 29 May 2026Long-term partnership for offshore survey and ROV services in the North Sea. Involves support vessel operations and subsea tasks including plug and abandonment, cable campaigns, and decommissioning. Initial two-year contract with extension options.
• deepC StorecoreStrategic or Co-development PartnerAgreement for AGR to provide well engineering and project management services for Australian offshore carbon capture and storage project.
• ABL Group (Aqualis)coreStrategic or Co-development PartnerAGR is part of Aqualis ASA (formerly ABL Group). Parent company provides access to 40+ markets through global footprint and integrated service portfolio across energy, marine, and engineering consultancy.
• OWC (Offshore Wind Consultants)minorStrategic or Co-development PartnerSister company under ABL Group providing dedicated engineering, technical advisory and consultancy for offshore and onshore renewable energy commercial development.
• Longitude EngineeringminorStrategic or Co-development PartnerSister company under ABL Group providing independent engineering, design and analysis consultants working across marine markets including renewables, oil & gas, maritime, and defense.
• Techconsult AScoreStrategic or Co-development PartnerAcquired in 2025, Techconsult is a leading resourcing and technical staffing company in Norway. Combined with AGR Consultancy, provides access to pool of 26,000 highly skilled professionals.
• IntelliS CorporationminorGTM or Marketing PartnerStrategic collaboration agreement signed to strengthen global technical talent resourcing, particularly in Asia Pacific region.

Scale indicators27 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• RPS Group: RPS Group (now part of Tetra Tech) is a UK-based energy and environmental consultancy with deep well engineering, subsurface, decommissioning, and reserves evaluation practices. Highly comparable to AGR across the well lifecycle and environmental advisory services, particularly in the North Sea.
• Wood plc: Wood is a global energy consulting and engineering company delivering well engineering, subsurface, project management, and decommissioning services. Comparable to AGR in the integrated energy consultancy segment, particularly for major operators and complex well projects.
• Helix Energy Solutions: Helix is a US-based offshore energy services company specializing in well intervention and decommissioning using specialized vessels. Comparable to AGR's Marine & Subsea and Decommissioning service lines, particularly vessel-based P&A work in the North Sea.
• Core Laboratories: Core Laboratories provides reservoir description, production enhancement, and reservoir management services to oil & gas operators globally. Comparable to AGR's Subsurface & Asset Evaluation practice, particularly reservoir engineering and petroleum economics.

Broad incumbents

• SLB (Schlumberger): SLB is the largest global oilfield services company, offering drilling, well construction, subsurface evaluation, and digital software across the well lifecycle. Competes with AGR on integrated well management projects and operates the DELFI E&P software platform, which competes conceptually with iQx.
• Halliburton: Halliburton is a major oilfield services company with drilling, well construction, completion, and digital solutions. Overlaps with AGR in drilling engineering, well control, and integrated well project management for major operators globally.
• Baker Hughes: Baker Hughes provides oilfield services and equipment across drilling, completions, production, and digital. Comparable to AGR in well engineering and reservoir services, and increasingly in CCS as part of its energy transition portfolio.
• TechnipFMC: TechnipFMC is a subsea and surface energy technology company offering integrated drilling, subsea, and decommissioning solutions. Comparable to AGR in subsea IRM/ROV operations and offshore project execution for major operators.
• Petrofac: Petrofac is an integrated energy services company providing well engineering, project management, and operations support to oil & gas operators. Comparable to AGR in integrated well project management and operations, particularly in the North Sea and Middle East.

Regional players

• Aker Solutions: Aker Solutions is a Norwegian engineering and construction company serving oil & gas and offshore wind operators with subsea, drilling, and decommissioning services. Comparable to AGR as a Norway-headquartered energy services provider with overlapping well management and offshore wind capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/AGR_Update
• LinkedInlinkedin.com/company/agr

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AGR