AGR launches new drilling software, offers well planning cost and risk reduction

World Oil Staff March 13, 2023

(WO) — 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.

Øystein Andersen, VP of Software at AGR for drilling technology
Øystein Andersen, VP of Software at AGR

The next-generation P1ANS application builds on the global success of AGR Software’s field-proven and industry-leading P1 application.

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 standardization in well construction.

P1ANS employs Monte Carlo probabilistic simulation techniques to analyze thousands of data points, before predicting a range of possible outcomes. Designed for drilling and well engineers and managers, digitalization leads and cost controllers, P1ANS 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, helping companies achieve low carbon ambitions. With the option to import historical data and input from other digital solutions, users can seamlessly integrate time and cost outputs in their overall software network without the risk of data duplication or guessing errors.

P1ANS was developed in close consultation with AGR’s users and partners. As a result, it offers enhanced collaboration features to license partners, service companies and stakeholders at all levels.

Commenting on the launch, 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 digitizing the well delivery process, unlocking an array of workflow efficiencies.

“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.

“P1ANS™ is the latest addition to our expanding portfolio of industry-leading software, iQx. 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.” 

Some of the key benefits of P1ANS include modern software architecture with OpenAPI, SSO and option for local deployment. Project partners can also expect improved collaboration with this technology.

P1ANS offers comprehensive campaign time and cost modelling with a learning curve as well as greater transparency of budgets and risk exposures. The technology also provides enhanced exploitation of historic reference data.

In addition, P1ANS improves standardization with data tagging and templates. Selective data output with auto distribution and seamless data flow with external sources for empowered drilling time and cost analysis are also included.

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