AGR Nets Three Contracts for Its Software Solutions

With a total contract value of over 1MUSD, global oil and gas service company, AGR, announces that they have been awarded software contracts with Det norske oljeselskap, VNG (Norge) and OMV (Norge).

AGR will be delivering its bespoke software products P1™, CT™ and iQˣ™ to support operators’ activities on Norwegian Continental Shelf. AGR have a strong relationship  with Det norske, VNG and OMV both on the software side and operational side having previously delivered well management projects.

iQˣ™ is a new addition to the AGR software portfolio and has been developed to simplify the planning and execution of wells. The software utilises technical and operational public data from over 6,000 wells drilled on the Norwegian Continental Shelf.  P1™ is a market-leading probabilistic planning tool for managing time and risk of well operations. Meanwhile, CT™ acts as a real-time cost tracker enabling operational managers to accurately track the financial status of their projects.

Petter Mathisen, Vice President of Software Solutions at AGR, said: “We are delighted to have landed these three significant contracts which are testament to the capabilities of our software products.

“AGR’s philosophy is to add value to our client’s projects by enabling them to undertake planning correctly, understand risk and opportunity, and conduct active performance management.  With experience gathered from over 500 drilling projects globally we can deliver tried, tested and trusted software solutions that will provide real results for our clients.”

AGR’s iQˣ™ has been nominated for this year’s ONS Innovation Award. This prestigious award was established to recognise the fact that the future of the international oil, gas and energy industry depends increasingly on its ability to develop new technologies and solutions.

Press Release, August 25, 2014

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