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P1™ - Probabilistic Time and Cost Modelling

P1™ software is designed to estimate operational time and cost considering also the potential risks. 
P1™ has been developed to improve the accuracy of time and cost modelling. It adds value and knowledge throughout the project management process, from project selection, conceptual design right through to programme execution. 

P1™ can be used for all different types of drilling and well operations, including completion, well intervention, slot recovery and abandonment. The tool incorporates a large database of public well data, which can be complimented with the user's private data.

The system enables informed decisions to be made and accounts for the fact that operational risks are not intuitive, and that sometimes the lowest cost option may carry the greatest business risk.

We offer a standard training course for P1™ which is targeted at new users of the software. The one-day course offers an introduction to Quantitative Risk Analysis, and takes delegates through building a simple model to more complex applications.

AGR also provides independent engineering studies combining our skills from the Well division and software tools to build models on improving efficiency and reducing costs.
 

Should you wish to find out more about P1™ or how it may be of help to you, please email p1@agr-software.com.
P1™ enables you to make probably the best commercial decision ever.

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Latest news

2017-06-22 — AGR and Statoil Co-Authored Book Translated into Chinese
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2017-06-20 — Maersk Oil selects AGR’s P1™ as preferred Well Delivery software
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