AGR launches software to give certainty on time, cost, and risk
Summary
P1ANS 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. As a result, it offers enhanced collaboration features to license partners, service companies and stakeholders at all levels. “P1ANS gives operators the ability to unify data streams imported from other programs while standardising the well time and cost estimation output, such as AFE or time/cost curve for quicker decision-making. We have experienced huge interest from the market in this tool and will be presenting the solution at the SPE/IADC International Drilling Conference and Exhibition event in Stavanger this week.” • Modern software architecture with OpenAPI, SSO and option for local deployment • Comprehensive campaign time and cost modelling with learning curve • Seamless data flow with external sources for empowered drilling time and cost analysis