Global oil and gas service provider AGR has announced that its software solutions division had signed its first contract with Sakhalin Energy. The three-year deal includes the latest version of its P1™ software, as well as maintenance and support services.
This software allows operators to maximise performance during well-construction projects.
AGR relaunched P1™ Version 4.0 last spring. The latest version draws on data from previous well-construction projects to offer operators a range of solutions to problems that may arise during construction work. It also provides information on the net effect of changes, allowing users to understand the financial implications.
Petter Mathisen , vice president of AGR’s software solutions division, said: “We are delighted to have landed this significant contract with Sakhalin Energy.
“This contract adds to AGR’s position in Russia where currently Rosneft is using P1™, and we are hoping this latest win will lead to more projects in the country.
“When we first launched P1™ Version 3.0 in 2009, it was revolutionary compared to existing risk-management software.
“The philosophy behind this product is that the value of a project is enhanced when operators plan correctly and understand risk and opportunity.
“Usability and user-friendliness is key to P1™ Version 4.0.”
AGR is a leading independent services and technology company and operates in all regional main oil hubs worldwide.
Sakhalin Energy is the operator of the Sakhalin-2 project. The company was formed in 1994 to develop the Piltun-Astokhskoye oil field and the Lunskoye gas field in the Sea of Okhotsk offshore Sakhalin Island in the Russian Far East. Its shareholders are Gazprom (50% + 1 share), Shell (27.5% – 1 share), Mitsui (12.5%) and Mitsubishi (10%).