Monday 7 April 2014

AGR provides risk management software to Sakhalin Energy

Global oil and gas service provider AGR reported 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 this 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.

"We are delighted to have landed this significant contract with Sakhalin Energy," Petter Mathisen, vice president of AGR’s software solutions division said.

"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."

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%).