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AGR Software Solutions Builds on Petronas' Success

Source: www.gulfoilandgas.com 7/4/2014, Location: Asia

Global oil and gas service company, AGR, has been awarded a software contract with Malaysian oil and gas company, PETRONAS Carigali Sdn Bhd (PCSB). Valued at over 1MUSD, the contract signals a three year partnership with an option to extend for a further two years between AGR SS and the government-owned corporation; a long-standing client of AGR’s.

This latest agreement will see AGR provide two products from its software portfolio, including P1™ and CT™, as well as the full training for PCSB’s personnel in their use.

The first of the software products to be delivered, P1™, is a market-leading probabilistic planning tool for estimating time and cost of well operations. Meanwhile, CT™ will act 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, commented: “PETRONAS Carigali is a long-standing client of AGR and we have developed an excellent relationship over the years. This contract win is testament to that and, indeed, the capabilities of our software products.

“We pride ourselves on the fact that these solutions are tried, tested and trusted, providing real and trusted results for our clients. As operators increasingly search for more efficient and safer operations, our software solutions can effectively cut total drilling costs by four per cent.”

Based on experience gathered from over 500 drilling projects managed in all possible environments globally, clients look to these tools for risk mitigation and cost efficiency, resulting in the saving of millions of dollars.

AGR’s software portfolio is supported by technical specialists across the business’ international network, with regional hubs in Europe, Norway, the Americas, the Middle East and Asia Pacific.

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