AGR Software is one of Norway’s fastest growing businesses - AGR - Well Management | Reservoir Management | Software | Consultancy
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AGR Software is one of Norway’s fastest growing businesses

Published: 31.03.17

AGR’s Software division was recently named the gazelle company of 2016.

This is an outstanding recognition awarded by the Norwegian leading financial newspaper Dagens Næringsliv. AGR Software was among the small group of business highlighted for their growth and continuous development.

AGR’s Software has been at the forefront of developing technologies, based on the user experience and applied in the upstream industry, since as early as the 1990ies. It has currently four products in its portfolio:
P1™ – probabilistic time and cost modelling
iQx™ – data processing and management
CT™ – cost tracking
M2™ – materials supply management
P1™ is built on the understanding of the probabilistic approach as applied to time and cost estimates for all drilling and well related operations, including completions and interventions. The product lives through the whole life cycle of the well, from initial well planning, operations and reporting phase. By applying the tool, the software user can improve the accuracy of AFEs, by identifying risk factors – both overall in the project and specifically for each well phase/operation. As a result, the operational team and the management has wider understanding of the upcoming costs.
The well data management and analysis tool iQx™ not only allows operators to increase well planning efficiency but also improves the quality of the feasibility phase by enabling visual interpretation of offset and best practices data.
Key benefits of iQx are:
  • Improved multidisciplinary collaboration
  • 50% saving on time used for offset analysis
  • Learning from previous experiences based on location, drilling bit, equipment avoids unnecessary downtime
  • Increased efficiency in knowledge transfer and skills development.
  • Enhanced commercial and technical intelligence in new license areas.
Our client feedback and case stories speak for themselves and provide the best reflection of iQx™ benefits.

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For more information about AGR’s software solutions, visit our website or read the Snackbox blog.

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