AGR's iQx software bags contract from Lukoil Overseas in NCS
OSLO, Norway -- AGR has won a further contract award for its well intelligence software solution, iQx, with Lukoil Overseas North Shelf AS. The contract value is $130,000 (1 million NOK).
AGR’s iQx software, which was commercialized in 2013, was designed to simplify and increase efficiency of the planning and execution of drilling wells. It utilizes public technical and operational data from all wells drilled on the Norwegian Continental Shelf (NCS).
The latest deal follows previous contract awards in 2014 with Det Norske, VNG (Norge), OMV (Norge) and Lundin Norway.
