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AGR drills well in record time resulting in significant time and cost savings

AGR was contracted to design, manage and construct an Operator's primary exploration drilling venture in the North Sea.   
 
CHALLENGE

AGR was contracted by a UK-based independent exploration company to drill an exploratory well, the Globe, in the North Sea. The project required a well design that would explore the hydrocarbon potential of two targets in the Flugga and Heimdal sandstones. This was coupled with needing to drill the well at a low cost, limiting the risk of the project.

RESULT

AGR were able to allocate a slot to the client in the middle of a successful campaign on the Transocean Prospect. By utilising a first-rate drilling rig with a crew that had already established an excellent working relationship with AGR, the drilling of Globe was carried out smoothly and efficiently.  

As a result, AGR delivered the following to the client:
  • This was the client's first operated well on the UKCS
  • A well drilled in just 12.25 days against a budget of 17 days
  • A well meeting all the technical and HSE objectives
  • Cost savings of £1.89 million (26%) against the AFE.



 

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