What AGR Software does

AGR Software is a Norwegian-headquartered SaaS company that builds and sells the iQx platform for probabilistic well planning, cost estimation, and drilling performance tracking used by oil & gas operators, drilling contractors, oilfield services firms, and increasingly geothermal energy companies. The firm is a subsidiary of ABL Group, a global energy and marine consultancy, and operates from regional offices in Oslo, Houston, Dubai, Kuala Lumpur, and Perth serving customers across Europe, North America, the Middle East, and Asia-Pacific. Named customers include Chevron, ENI, Repsol, CNOOC, Baker Hughes, Aker BP, OMV, Harbour Energy, Santos, DNO ASA, OKEA, INPEX Idemitsu Norge, Sasol, and Deutsche Erdwärme, among others.

The iQx platform is a cloud-native suite with three integrated modules: iQx PLANS for probabilistic time and cost forecasting using Monte Carlo simulation; iQx EXPERIENCES for AI-augmented lessons-learned management with natural-language search; and iQx RIG for rig scheduling. The architecture combines a purpose-built Monte Carlo simulation engine with an open API, SSO, and a custom functional programming language ("Code with PLANS"), and integrates with adjacent drilling software including OpenWells for daily operations data and Kabal for logistics planning. Scale claims include 1,500+ users, 67,800 annual user-hours, and 20+ years of field-proven drilling application history. Certifications held at the ABL Group parent level include ISO 9001, ISO 14001, and ISO 45001, and data is hosted in Norway.

AGR Software generates revenue predominantly through enterprise SaaS subscriptions sold on multi-year contracts with quote-based pricing, supplemented by professional services for implementation, training, and integrations. Go-to-market combines regional direct enterprise field sales, website-driven inside sales for demo and pricing requests, and select channel partnerships such as Drillinsight in Australasia, with demand-generation supported by industry events (OTC Asia, IEW, DEA), content marketing on the Insights hub, LinkedIn, YouTube, and email newsletters. The company is privately held, with no disclosed funding rounds and no public listing; its long operating history predates the 2008 iQx platform launch and is anchored by its ABL Group parentage.

Name

AGR Software

Legal name

AGR Software

Website

https://agr-software.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

251–500 employees

Short description

AGR Software is a Norwegian SaaS company that provides the iQx platform for probabilistic well planning, cost estimation, and drilling performance tracking to oil & gas operators, drilling contractors, and oilfield services firms globally, with named customers including Chevron, ENI, Repsol, CNOOC, and Baker Hughes.

Ownership category

akta.pro rank

Product category

Well Planning Software

NAICS

Software Publishers (513210), Software Publishers (51321), Custom Computer Programming Services (541511)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

End-to-End Enterprise AI Platforms (MLOps & Model Lifecycle Management) (HDAEANAA)

akta.pro secondary industries

AI/ML Engineering & Model Development Services (BPAEAHAF), Enterprise AI Data & Knowledge Platforms (Vector Databases, Knowledge Graphs) (HDAEANAH), iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG)

Keywords

• Drilling program automation
• Well planning software
• Probabilistic cost estimation
• Lessons learned management
• Drilling risk analytics

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Subscription (iQx Platform): AGR Software operates as a SaaS company offering cloud-based well planning and cost management software on a subscription basis. The platform is accessible via IQX.no as a SaaS service, with different support tiers implied by the contact form options. Pricing is quote-based for enterprise customers.
2. Professional Services: Implementation support, training & onboarding, and technical/integration consulting services are offered as evidenced by customer success team contacts and dedicated onboarding support options.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

AGR Software sells iQx, a cloud-native SaaS platform for digital well delivery in the upstream oil and gas industry. The platform combines probabilistic time and cost forecasting via Monte Carlo simulation, AI-powered lessons learned management, and rig scheduling, enabling drilling teams to replace fragmented spreadsheets with a single cloud-based source of truth for well planning, AFE preparation, risk evaluation, and performance tracking across multi-well campaigns.

Product overview

AGR Software offers iQx, a cloud-based well planning and execution platform designed for drilling and wells teams in the energy industry. The platform comprises three main integrated modules: iQx PLANS for probabilistic time and cost estimation using Monte Carlo simulation; iQx EXPERIENCES for AI-powered lessons learned capture and retrieval; and iQx RIG for rig schedule management. The platform connects to external systems via Open API and integrates with third-party solutions including OpenWells® and Kabal logistics software. Built to support data-driven well delivery with multidisciplinary team collaboration.

Differentiator

Problem solved

Functional benefit

Brands

• iQx PLANS: Cloud-based well time and cost management software supporting probabilistic cost estimation, real-time collaboration, and advanced analytics for drilling operations.
• iQx EXPERIENCES
• RIG

Products and services

• iQx PLANS Cloud-based well time and cost management software that applies Monte Carlo simulation to produce probabilistic P10/P50/P90 forecasts, supports real-time operational performance tracking, and enables multi-well campaign modelling for drilling and wells teams in oil and gas.
• iQx EXPERIENCES Lessons learned management application with AI-powered natural-language search functionality, enabling multidisciplinary drilling teams to capture, retrieve, and reuse operational experiences to avoid repeating mistakes.
• iQx Platform Unified cloud-based well delivery platform connecting external information systems and data formats in one seamless workflow, combining PLANS, EXPERIENCES, and RIG applications with Open API and SSO security controls.

Quantifiable outcome

• Up to 95% accuracy in cost estimates when scope remained unchanged (Malaysian operator case study)
• +5 more outcomes

Named customers24 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability6 records

Feature9 records

Partnerships

Four partnerships are on record, tiered core, flagship and minor.

• KabalcoreTechnology or IntegrationiQx PLANS integrates with Kabal logistics management software to enable direct transfer of P10-P50-P90 well time and cost estimates into logistics workflows. This integration supports vessel planning, materials delivery, and resource allocation aligned with probabilistic drilling scenarios rather than fixed assumptions.
• OpenWellscoreTechnology or IntegrationIntegration between iQx PLANS and OpenWells operations software enables seamless transfer of daily drilling data into structured environments for risk analysis and cost forecasting. Historical operational data is automatically imported to support probabilistic modeling based on real performance data, eliminating manual assumptions.
• ABL GroupflagshipStrategic or Co-development PartnerAGR Software is part of ABL Group, a global leader in energy and marine consultancy. The parent company provides broader industry expertise and infrastructure including ISO certifications (9001, 14001, 45001), code of conduct policies, and HSEQ standards. AGR Software is positioned as the digital well delivery software arm within this established consultancy group.
• NTNUminorStrategic or Co-development PartnerNorwegian University of Science and Technology partnership for research and development in digital well planning, providing access to academic expertise and potential talent pipeline.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Regional players

• TGS: Global geoscience and reservoir data company providing subsurface data and analytics to the upstream industry. While focused on subsurface rather than well planning, TGS overlaps with AGR on providing data-driven decision support to E&P operators.

Direct peers

• ROGII: Specialist well planning and geosteering software vendor serving oil & gas operators with cloud-based directional drilling and well-path planning. Competes directly with iQx in the well planning workflow.
• Peloton (Well Data Management): Well data management and operations software widely used by drilling operators for daily drilling reporting, which feeds directly into the kind of probabilistic modeling iQx performs. Operates in the adjacent well-data ecosystem that AGR integrates with via OpenWells.
• Novi Labs: AI-driven drilling performance and planning analytics platform serving operators and drilling contractors in unconventional plays. Targets similar well-time/cost estimation and decision-support workflows as iQx PLANS.
• Landmark Graphics (Halliburton): Halliburton's Landmark division provides drilling, well planning, and decision-support software (DecisionSpace, COMPASS) to E&P operators. Directly competes with iQx in well planning and time/cost estimation workflows.

Emerging players

• Enverus (formerly Drillinginfo): SaaS analytics and data platform for the energy value chain covering upstream, midstream, and power. Provides well economics, planning, and benchmarking analytics that overlap with parts of iQx's value proposition.
• Kongsberg Digital: Digital twin and simulation software vendor serving energy and maritime customers, including drilling and well operations. Overlaps with iQx on digital well delivery and simulation-driven planning.
• P2 Energy Solutions: Provider of upstream oil and gas software for production, land, and accounting workflows. Adjacent competitor serving similar E&P enterprise customers with operational and back-office software.

Broad incumbents

• SLB (Schlumberger): Global oilfield services major offering the DELFI cognitive E&P environment with Petrel, DrillPlan, and other well-planning modules. Overlaps with iQx across digital well delivery, planning, and drilling optimization.
• Emerson (Paradigm): Through Paradigm and related offerings, Emerson provides subsurface and drilling software to E&P operators. Competes in the well-planning and reservoir-to-well workflow space that AGR serves with iQx.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@iqxbyagrsoftware4159
• LinkedInlinkedin.com/company/agr-software-solutions
• Xx.com/AGR_Software

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AGR Software