Well Cost and Time Estimation : AGR

Before any investment decision is made, stakeholders want clarity over expected costs and timescales. With AGR’s state of the art time and cost estimation software application, PLANS™, from our iQx™ platform, businesses are able to make better informed decisions based on a comprehensive analysis of all available data.

Eliminating the shortcuts

Time and cost estimation is often the aspect of well engineering that faces the harshest scrutiny. Estimates require a comprehensive understanding of all areas, risk, logistical arrangements and current market conditions. Experience in delivering a detailed plan really matters.

With established roots in all major oil and gas operational hubs globally, AGR offers independent and trusted well cost and time planning services worldwide. Whether it’s to verify existing plans, review a joint venture or collaborate with an operator to produce estimates, AGR can provide support.

Powerful technology that delivers key insight

Through our innovative technology, PLANS™, we provide clients with additional insight into project risks. This information is becoming increasingly important in communicating the challenges involved with high-risk operations.

Probabilistic planning tool PLANS™ is unique to other Monte Carlo simulators, having been purpose built for drilling engineers, by drilling engineers. As a cloud-based software, it’s also accessible anytime, anywhere, provided there is access to the internet.

It creates a suite of automated reports, including a detailed, line-by-line, Authorisation For Expenditure (AFE). These are segregated by cost code, with results easily exported and shared with other stakeholders.

iQx™ PLANS™ is both flexible and scalable, and used extensively within AGR for wide-ranging assignments – from conceptual planning to detailed design, drilling and completion to workover and abandonment.

Enquiries

Lynden Duthie

Eduardo Robaina

Case studies

Collaborative supply chain model helps deliver Buzzard Phase II development ahead of the revised schedule and with cost savings

06.01.2023

Europe and the UK

Supply Chain, Logistics and Contracts

Well Engineering

Well Management

Drilling software helps estimate well cost during remote Operations

22.11.2022

Accelerating digitalisation

iQx™

AGR runs complex completion and performs test of re-entry well with zero delays

06.09.2021

Europe and the UK

Well Engineering

Well Management

AGR re-enters challenging well to cut and pull casing securing continuous operation

25.08.2021

Europe and the UK

Well Engineering

Well Management

Probabilistic planning achieves radical improvements in evaluating well abandonment methodologies

25.08.2021

Accelerating digitalisation

Asia Pacific

iQx™

Well Decommissioning

Probabilistic planning tool provides key insight to enable complex well re-entry

25.08.2021

Accelerating digitalisation

Asia Pacific

iQx™

Well Engineering

AGR sidetracks a well through tight time window in horizontal reservoir to reach new development target

30.06.2021

Europe and the UK

Well Engineering

Well Management

AGR provides digital solutions to increase automation in End of Well reporting

11.05.2020

Accelerating digitalisation

iQx™

Norway

Well Management

Advancing CCS for Australia - AGR drills Australia's first offshore CO2 appraisal well

12.04.2020

Asia Pacific

Low carbon solutions

Well Management

Real-time cost tracker improves accuracy and reliability in well cost estimation

11.06.2017

Accelerating digitalisation

iQx™

Norway

Well Engineering

Well Management

HSE performance crucial to wildcat well in busy shipping zone

25.05.2017

HSEQ

Norway

Well Management

Collaboration and Well Project Management holds the key to Brasse Well success

13.04.2017

Norway

Well Management

Probabilistic planning enables the most optimum rig selection for abandonment campaign of Puffin field

25.08.2016

Accelerating digitalisation

Asia Pacific

iQx™

Well Decommissioning

iQx™ empowers knowledge transfer to maximise efficiencies during Ivar Aasen field development

13.12.2015

Accelerating digitalisation

iQx™

Norway

AGR delivers first exploration well under new regulatory scheme in Ireland

13.11.2015

Europe and the UK

HSEQ

Well Management

AGR designs, drills, logs and executes a well in Browse basin

01.09.2015

Accelerating digitalisation

Asia Pacific

iQx™

Well Decommissioning

Well Engineering

Well Management

Probabilistic planning improves the decision making process during sourcing for a rig

14.04.2014

Accelerating digitalisation

Global

iQx™

Well Management

AGR sets new deepwater well drilling record in Equatorial Guinea

20.07.2013

Africa

Well Management

AGR successfully drills one of the deepest wells in the Gulf of Mexico

20.02.2013

Americas

Well Management

Insight

Transforming geothermal potential with hydrocarbon technology

31.05.2023

How to estimate drilling cost?

22.12.2022

Deterministic vs Probabilistic planning method

24.06.2022

Probabilistic planning offers well-informed insight into most optimum well intervention and abandonment methodology

18.04.2022

Why automate End of Well reports?

27.10.2021

How to turn drilling data into value?

26.09.2021

Unlocking the value from the 50 years’ old Exploration Data

16.02.2017

High Quality Real Time Data for Well Design Optimisation, not just Drilling Optimisation

08.09.2016

Well Cost and Time Estimation

AGR SERVICES

Eliminating the shortcuts

Powerful technology that delivers key insight

Enquiries

Lynden Duthie

Eduardo Robaina

Explore other related capabilities

Case studies

Collaborative supply chain model helps deliver Buzzard Phase II development ahead of the revised schedule and with cost savings

Drilling software helps estimate well cost during remote Operations

AGR runs complex completion and performs test of re-entry well with zero delays

AGR re-enters challenging well to cut and pull casing securing continuous operation

Probabilistic planning achieves radical improvements in evaluating well abandonment methodologies

Probabilistic planning tool provides key insight to enable complex well re-entry

AGR sidetracks a well through tight time window in horizontal reservoir to reach new development target

AGR provides digital solutions to increase automation in End of Well reporting

Advancing CCS for Australia - AGR drills Australia's first offshore CO2 appraisal well

Real-time cost tracker improves accuracy and reliability in well cost estimation

HSE performance crucial to wildcat well in busy shipping zone

Collaboration and Well Project Management holds the key to Brasse Well success

Probabilistic planning enables the most optimum rig selection for abandonment campaign of Puffin field

iQx™ empowers knowledge transfer to maximise efficiencies during Ivar Aasen field development

AGR delivers first exploration well under new regulatory scheme in Ireland

AGR designs, drills, logs and executes a well in Browse basin

Probabilistic planning improves the decision making process during sourcing for a rig

AGR sets new deepwater well drilling record in Equatorial Guinea

AGR successfully drills one of the deepest wells in the Gulf of Mexico

Recent news

AGR and Add Energy unite drilling and wells expertise

Add Energy Well Control advisory delivers complex Plug and Abandonment operation in South-East Africa

IR35 – to be or not to be?

AGR is part of ABL Group now

AGR becomes part of ABL Group

AGR launches next-generation time and cost estimation software

AGR delivers Sasanof-1 well for Western Gas offshore Australia

AGR commences drilling of high-impact exploration well in Australia’s North West Shelf

AGR engaged by Emperor Energy to progress permitting of Judith-2 well off Australia

AGR part of supply chain alliance supporting Buzzard Phase II achieve first oil

Update on the AGR-managed Sasanof-1 exploration drilling campaign

AGR at energy events

AGR wins Well Management contract with Western Gas in Australia

AGR provides peer study on Karoon Energy’s upcoming drilling campaign in Brazil

AGR delivers Management System and compliance excellence to Operator in Mexico

AGR acquires rig scheduling software

iQx™ plays a key role in the race for viable geothermal energy

AGR secures Well Management contract for Jade Prospect offshore China

AGR signs Agreement with dCarbonX to accelerate GeoEnergy development and decarbonisation in Exploration

AGR acts as Technical Partner to Brazil-based Operator

From subsurface to drill bit - AGR leads the way in CCUS solutions

AGR wins contract to deliver Well Management support to Emperor Energy during upcoming Exploration Campaign

AGR secured regulatory approvals to successfully deliver Australia’s first offshore CO2 appraisal well

AGR part of the CNOOC Buzzard Phase II development team

AGR wins contract for Australia’s first offshore C02 Storage Well

Insight

Transforming geothermal potential with hydrocarbon technology

How to estimate drilling cost?

Deterministic vs Probabilistic planning method

Probabilistic planning offers well-informed insight into most optimum well intervention and abandonment methodology

Why automate End of Well reports?

How to turn drilling data into value?

Unlocking the value from the 50 years’ old Exploration Data

High Quality Real Time Data for Well Design Optimisation, not just Drilling Optimisation

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