AGR Software Solutions awarded Petronas contract

Global oil and gas service company, AGR Software Solutions, has been awarded a software contract with Malaysian oil and gas company Petronas.

The contract is valued at over US$ 1 million and establishes a three-year partnership with an option to extend for a further two years between AGR and Petronas.

Software products

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 probabilistic planning tool for estimating time and cost of well operations. CT™ will act as a real-time cost tracker enabling operational managers to accurately track the financial status of their projects.

Comments

Petter Mathisen, VP 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 4%.”

Adapted from press release by Katie Woodward

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/04072014/agr_awarded_software_solutions_contract_by_petronas_976/