AGR secures software contract with Petronas

Global oil and gas service company based in Norway, AGR, has been awarded a software contract with Malaysian oil and gas company, PETRONAS Carigali Sdn Bhd (PCSB).

Valued at over $1 million, the contract signals a three year partnership with an option to extend for a further two years between AGR and the government- owned corporation.

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.

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 says.

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.