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24.06.2021 Asset Evaluations & Reserves Petroleum engineering software Reservoir Management & Subsurface reStore™

AGR launches reStore™ – a reserves and resources management software

The plug-and-play tool streamlines reserves management and regulatory reporting activity and offers crucial insight to help energy businesses make more viable decisions.

Our cloud-based reStore™ is built to secure the safe and efficient storage of an energy company’s most valuable data. This innovative software has been developed to simplify and ensure compliance while giving energy and production companies a complete overview of their reserves and resources portfolio.

Its core features improve efficiency in the collection, processing, extraction and sharing of reserves and resources data, empower collaboration between teams and minimise risk through human error.

reStore™ joins our expanding range of digitalisation solutions that are proving vital in automating and standardising energy exploration and production processes.

“One of the most valuable assets for any energy and production company is their reserves and resources. By enabling the secure and compliant storage of data relating to this, reStore™ offers businesses a real-time evaluation of their portfolio and provides them with the information they need to make swift and strategic investment decisions,” explained AGR’s VP of Reservoir Management, Erik Lorange.

“Harnessing our proven track record in reservoir management with more than two decades of in-house technology development skills, we are launching a technology that is designed to empower subsurface teams. The insight it provides makes compiling annual reserves and resources reporting faster and simpler and provides the senior managers with a more transparent background for business development and commercial decisions.”

AGR CEO, Svein Sollund added: “AGR has always had strong ambitions to help companies in the energy sector accelerate digitalisation. The launch of reStore™ further strengthens our position as a leading provider of solutions that simplify workflows and increase efficiency with immediate results.”

For more information about the product, please contact Erik Lorange, mob + 47 970 27 962.