Global energy engineering consultancy and software provider AGR has launched new software that aims to give drilling professionals improved understanding of time, cost and risk when planning wells.

AGR explains that its next-generation P1ANS application builds on the success of its field-proven and industry-leading P1 application, combining proven techniques with improved technology and new features, including rig campaign time and cost modelling, auto-distribution from historic reference data, and 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, the application helps ensure time and cost for single wells and drilling campaigns are thoroughly planned and consider all risks.

The software is designed to integrate seamlessly with a range of other technologies and is said to be compliant with all modern software architecture requirements, including cybersecurity compliance, Single Sign On and OpenAPI.

Users can also benefit from a learning curve feature which enables greater forecasting over the duration of a campaign.

The software offers greenhouse gas emission prediction, helping companies achieve low carbon targets. With the option to import historical data and input from other digital solutions, it helps users to seamlessly integrate time and cost outputs in their overall software network without the risk of data duplication or guessing errors.

AGR says P1ANS was developed in consultation with its users and partners and it offers enhanced collaboration features to licence partners, service companies and stakeholders at all levels.

Benefits of P1ANS include:

• Modern software architecture with OpenAPI, SSO and option for local deployment
• Improved collaboration across all project partners
• Comprehensive campaign time and cost modelling with learning curve
• Greater transparency of budgets and risk exposures
• Enhanced exploitation of historic reference data
• Improved standardisation with data tagging and templates 
• Selective data output with autodistribution
• Seamless data flow with external sources for empowered drilling time and cost analysis

“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, and is the latest addition to our expanding portfolio of industry-leading software iQx, ” said AGR VP: software Øystein Andersen.