iQx™ Software to Reduce Well Decommissioning Costs by 35%
AGR’s iQx™ Software provides a Deeper Understanding of Costs and Risks in Well Abandonment Projects
Following the recent establishment of the Centre of Decommissioning Australia (CODA), energy consultancy, AGR, today announced that it is expanding its Well Management support to client decommissioning projects as a response to increased activity within the field. CODA reports that there is over $50 billion of decommissioning work in Australia over the next 50 years, over half of which will commence within the next 10 years.
AGR, which has been heavily involved in the inception of the initiative launched by National Energy Resources Australia (NERA), said it will combine its vast international and regional Well Decommissioning experience with its own propriety iQx™ software to reduce costs and improve collaboration for its clients in Australia and worldwide.
Over the past 30 years, AGR has amassed significant experience in the Well Decommissioning market having worked in some of the most challenging environments across the globe with a wide variety of Operators, National Oil Companies and Government Bodies. Locally in Australia AGR has provided Well Decommissioning services to a number of Operators. These services range from Full Project Management through to various Plug and Abandonment studies, basis of design, time cost estimates and regulatory approvals.
AGR has a proven track record of reducing costs for its clients by providing access to a multidisciplinary team and through the application of existing knowledge of the abandonment challenges associated with the major Basins offshore Australia.
To further enhance AGR’s value proposition, a new approach using iQx™ P1™ software, has been developed to assist planning for abandonment campaigns.
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Press release by: Maria Djomina, Communications Manager, AGR