Performance tool
Performance tool focus upon the creation and development of a software tool engineered to improve well construction performance. Currently, the premium product is P1™, the leading probabilistic planning tool specifically designed to improve performance in well construction. P1™ has become the planning tool of choice for many large operators and underpins AGR Peak Well Management service offering.
P1™
P1™ has been developed to improve well construction performance. The use of the software and the associated procedures ensure that all risks and opportunities can be examined thoroughly in the design phase, with well costs viewed as a range of likely outcomes. The system allows informed decisions to be made on all aspects of planning, from the conceptual phase right through to spudding the well.
From planning onwards, P1™ can be utilized to monitor and improve well construction performance and to evaluate options in the event of a problem. The software accounts for the fact that risks in well design are not intuitive, and that sometimes the lowest cost option may carry the greatest business risk. P1™ adds value and knowledge throughout the project management process, from project selection, conceptual design right through to programme execution.
Benefits of P1™
Should you wish to find out more about P1™
or how it may be of help to you please email p1@agr.com