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.
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.