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Lukoil Overseas enlists AGR to boost drilling performance

10th February 2015

AGR has announced a substantial contract win to optimise drilling performance with Lukoil Overseas, the operator of Lukoil's international upstream projects

AGR has announced a substantial contract win to optimise drilling performance with Lukoil Overseas, the operator of Lukoil's international upstream projects
The intention of the partnership is aligned with Lukoil’s objective to reduce drilling project operating expenses without compromising on QHSE.

The contract covers Lukoil’s drilling operations in several territories internationally, including Middle East, Black Sea, Africa and Central Asia.

“Drilling efficiency and cost reduction are key areas of focus across the industry at the moment as the oil price continues to cause uncertainty,” said Ian Burdis, AGR’s executive vice president for UK, West Africa and the Middle East. “We are pleased we are able to offer Lukoil our technical expertise we have gathered from drilling over 500 well projects globally.”

AGR will increase Lukoil’s drilling efficiency by reviewing well planning and drilling programmes, conducting drilling and completion engineering, analysis of offset and historical data, and well and rig  performance benchmarking.

The intention of the partnership is aligned with Lukoil’s objective to reduce drilling project operating expenses without compromising on QHSE. 

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