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01.06.2021 iQx™ Petroleum engineering software

AGR acquires rig scheduling software

Our iQx™ platform will enable its users to manage their entire well planning, operations and reporting from one simple platform.

In a move to take lead in delivering advances in digital rig scheduling, we announced today the acquisition of the Deloitte Digital portfolio application, ‘RIG’. As a result, the acquisition will expand the portfolio of applications within our iQx™ unit.

There are a number of plug-and-play applications available on AGR’s iQx™ platform which enable game-changing efficiencies in the energy exploration and production sectors.

This acquisition supports the ambitions of iQx™ to become the driving force in standardising and simplifying data management related to well delivery and rig scheduling.

RIG was developed to optimise rig scheduling and to give users complete visibility of their rig portfolio, helping avoid downtime and delays. The application is already proven, having been successfully rolled out on the Norwegian Continental Shelf.

Alongside RIG, iQx™ applications enable our users to accelerate digitalisation within well delivery process by delivering bespoke tools:

  • P1™ – probabilistic well time and cost estimation
  • CT™ – actual time and cost tracking
  • D2 – collaborating through increased automation in drilling related document generation
  • Ex™ – knowledge management and learning from experiences.

“RIG is an important supplement to iQx™ users, enabling innovation and supporting transparency of well data. The platform enables drilling engineers to simplify their workflows. AGR Software AS is a rapidly growing business unit within AGR and we are very pleased with the recent addition to their drilling software products,” said Svein Sollund, CEO of AGR.

”Digitalisation for more efficient operations management is a priority in the energy industry. Optimised rig scheduling results in reduced cost and emissions in addition to more efficient planning, logistics and personnel management. Critically, it also gives organisations real-time insight, allowing for better informed, more strategic and commercially viable decisions,” added Øystein Andersen, VP at AGR Software, who commented on the benefits of the acquired application.