Global energy engineering consultancy and software provider, AGR, has launched new software that gives drilling professionals unrivalled understanding of time, cost and risk when planning wells
The next-generation P1ANS application builds on the global success of AGR Software’s field-proven and industry-leading P1 application. It combines trusted techniques with improved technology and new features, including rig campaign time and cost modelling, auto-distribution from historic reference data, company specific tagging and templates increasing standardisation in well construction.
P1ANS employs Monte Carlo probabilistic simulation techniques to analyse thousands of data points, before predicting a range of possible outcomes. Designed for drilling and well engineers and managers, digitalisation leads and cost controllers, it helps ensure time and cost for single wells and drilling campaigns are thoroughly planned and consider all risks.
The software integrates seamlessly with a range of other widely used technologies and is compliant with all modern software architecture requirements, including cybersecurity compliance, Single Sign On (SSO) and OpenAPI.
Users benefit from a learning curve feature which enables greater forecasting over the duration of a campaign. The software also offers greenhouse gas emission prediction.
Øystein Andersen, VP of Software at AGR, said, “This eagerly anticipated release of the next-generation drilling time and cost estimation software helps to further AGR Software’s ambition of digitising the well delivery process, unlocking an array of workflow efficiencies.
“P1ANS gives operators the ability to unify data streams imported from other programmes while standardising the well time and cost estimation output, such as AFE or time/cost curve for quicker decision-making.”
