iQx™ by AGR Software - Improving performance

iQx™ by AGR Software

AGR Software delivers a bespoke iQx™ platform that helps energy companies digitise their well delivery process with immediate results. The platform is applicable both for hydrocarbon and non-hydrocarbon projects.

iQx ™ suite of applications includes:

P1™ - Probabilistic time and cost estimation CT ™ - Actual time and cost tracking Ex™ - Learning from experiences D2™ - Increased automation in drilling related document generation RIG – Drilling unit scheduling

Company Details

Website: www.agr-software.com Email: sales@agr-software.com Tel: +47 959 21 003

Address:

Karenslyst allé 4, Skøyen NO-0278 Oslo, Norway

Technology Development stage:

New version of industry recognised P1 and D2 applications to be released in H2/2022 aiding even greater efficiencies for uncertainty assessment around cost and time budgeting and automated document creation.

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IMPROVING PERFORMANCE

With Digital Well Delivery

The last couple of years especially have put to test just how successfully operators and service companies alike have implemented the digital solutions throughout all aspects of their operations to sustain business and mitigate environmental impact.

One area where digitisation can deliver clear benefits is in well delivery. iQx™ state-of-the-art software enables significant efficiency gains within this area. The plug-and-play system offers energy companies the opportunity to increase work-flow automation, empower collaboration between internal and external stakeholders and provides high quality data for well informed strategic investment decisions.

The platform is designed to be utilised throughout the well life cycle from exploration to late life both in hydrocarbon and renewable energy projects. More than 1,500 users globally already log into the system daily to manage their well construction. They appreciate the application’s intuitive interface and simple user experience.

Seamless flow of information

Traditionally, critical project well data has been stored separately by each skills discipline and contractor, making end-to-end data visibility impossible and resulting in the project manager wasting significant time searching and verifying well information.

Now both internal and external parties can access well project data through one data hub that spans all project phases ranging from the planning through rig scheduling, and operations to the final well report.

Everyone is aligned around a single cloud platform. The system allows powerful insight to be shared among those delivering the project.

Consistency in data

Tracking and managing well delivery data can be very manual and labor-intensive leaving it open to human error as data is copied from one system to another. Through OpenAPI, wellknown industry well delivery systems can be synchronised to iQx™. As a result, one common platform ensures all project data is stored, verified, and standardised.

This leads to teams both onshore and offshore operating within the same platform where the data is presented in the daily drilling report and final well report in a consistent and concise manner.

Greater collaboration and knowledge transfer

One of the key benefits of digitalisation is improved collaboration and knowledge transfer. Project tasks can be easily assigned so that roles and responsibilities are not only clear but are auditable. Improved collaboration culminates in a more insightful and efficiently produced well delivery documentation. Greater knowledge transfer enables learning from best experiences and opens opportunities to repeat successes and minimise failures during future projects.

Increased automation

With increasing pressure on delivering drilling projects efficiently, digital well delivery offers an easy win. With a digital solution like iQx™, the workload of various project stakeholders is distributed so that repetition of data insertion is minimised. When the project reaches its reporting phase, the data is already stored in the system and the report can be generated automatically and shared within days. Additionally, pre-inserted content can be complemented by adding documents and files. Using the predefined templates enables the engineer to complete reporting in a shorter timeframe and the Company to achieve standardisation of reports with improved data accuracy and quality.