Sasol Petroleum Mozambique has awarded a Software as a Service (SaaS) contract to AGR Software to deliver its P1™ time and cost estimator and Cost Tracker for operational tracking of cost. 

As a result, AGR’s software tools will play a key role in screening, analytics, planning and tracking of performance in Sasol well operations as well as tracking of operational cost.

The philosophy behind P1™ is that the value of a project is enhanced when E&P companies plan correctly and understand risk and opportunity. The system allows informed decisions to be made on all aspects of well operations and generate instant reports for management approval.

AGR’s P1™ uses the Monte Carlo simulation method and can be used for all different types of drilling and well operations, including completion, well intervention, slot recovery and abandonment.

Petter Mathisen, VP for AGR Software, comments the recent award, “We are honoured that Sasol has chosen our software services and we look forward to delivering value and knowledge throughout our solutions.”