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Understanding risks will reduce their cost impact.

P1™ provides a rigorous, standardised and systematic approach to many of the key elements of successful well construction such as:

  • Probabilistic time estimating
  • Probabilistic cost estimating
  • Risk quantification and mitigation
  • Statistically credible option selection
  • Mechanism to provide clear communication with all stakeholders
  • Forecasting time and cost outcomes
  • Standardisation across wells, projects and business units.

The P1™ tool and the complete process encompassing its use provide the basis for Performance Management including:

  • Operational look-ahead
  • Phase-by-phase analysis of Actual vs. Planned performance (Benchmarking)
  • Technical limit approach
  • Data Quality and Analysis.

Should you wish to find out more about P1™ and what it can do for you, please email

Latest news

2017-03-17 — AGR’s Consultancy team passes REC compliance with outstanding score
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2017-03-02 — AGR to deliver feasibility study in the Barents Sea
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