Energy consultancy AGR has signed a strategic agreement to incorporate the multipurpose vessel Aquaman II into its North Sea operations, strengthening its capacity in plug and abandonment (P&A) campaigns, subsea operations, and decommissioning.
This initiative responds to the sustained increase in offshore activity in northern Europe, as well as the growing demand for integrated solutions for the closure of mature energy infrastructure.
Vertical Integration for Offshore Campaigns
AGR’s operational model is based on an integrated delivery strategy that combines well engineering, cost management, vessel provision, and offshore execution within a unified framework. This integration enables optimized resource mobilization, reduced contractual interfaces, and improved efficiency in complex projects.
AGR’s current capability in marine surveys and offshore operations was consolidated following the acquisition of Ross Offshore in 2024, expanding its technical and operational scope.
A Fundamental Asset in a Market Under Pressure
The incorporation of Aquaman II comes in a context of increasing rates for anchor handling tug supply (AHTS) vessels in northern Europe. According to the company, having owned or controlled capacity enables more competitive campaigns and improved operational availability in an increasingly constrained market.
The vessel, owned by Star Matrix Ltd and operated by AGR, will be configured as a CAHTS (Construction Anchor Handling Tug Supply) unit, optimized for light construction operations and subsea work.
Technical Capabilities of Aquaman II
Built in 2005, Aquaman II measures 89.3 meters in length and 20.6 meters in beam, with a deck area of 755 m² and a load capacity of up to 2,100 tons.
Its main capabilities include:
- Active heave compensation (AHC) system, essential for safe operations in adverse maritime conditions
- Work-class ROV for subsea interventions
- Towing and anchor handling capabilities
- Specialized systems for well abandonment and decommissioning operations
These characteristics make it a flexible alternative to higher-tonnage construction vessels, especially in campaigns where cost control and schedule certainty are critical factors.
Optimization of Abandonment and Decommissioning
AGR’s approach to P&A projects focuses on integrating all phases of the process, from planning to offshore execution. By incorporating maritime capabilities within its model, the company reduces operational risks, improves decision-making, and increases project predictability.
This approach is particularly relevant in the North Sea context, where asset aging is driving a growing portfolio of abandonment and decommissioning projects.
Fleet Expansion and Strategic Positioning
AGR already operates other vessels such as Ross Eagle and Sunny Lady, used in site surveys, subsea operations, and offshore wind energy projects. The company is part of ABL Group ASA, which strengthens its positioning as an integrated provider of solutions across the lifecycle of offshore energy assets.
Source and photos: https://agr.com/news/