The ability to show the management that the calculated well costs are based on realistic operations and prices for services is important as this allows them to see that the risks have also been identified and quantified.

AGR Well Management engineering team were assigned to evaluate the best option between different Mobile Drilling Unit (MODU) types.

Our Senior Technical Consultant discusses how probabilistic planning can solve key abandonment challenges.

Applying a risk-weighted probabilistic cost and schedule estimation software tool in well abandonment projects could represent a significant progression for more informed decisions.