P1ANS™ software enables well teams to estimate more accurate drilling project budgets, with management able to make well-informed investment decisions based on the accurate AFE (Approval For Expenditure).
The AGR Software business has launched a new and innovative software that gives drilling professionals unrivalled understanding of time, cost and risk when planning wells.
The next-generation P1ANS™ application builds on the global success of AGR Software’s field-proven and industry-leading P1™ application. P1ANS™ combines trusted techniques with improved technology and new features, including rig campaign time and cost modeling, autodistribution from historic reference data, company specific tagging and templates increasing standardisation in well construction.
P1ANS™ employs Monte Carlo probabilistic simulation technique to analyse thousands of data points, before predicting a range of possible outcomes. Designed for D&W (Drilling & Well) engineers and management, D&W digitalisation leads and cost controllers, P1ANS™ helps ensure time and cost for single wells and drilling campaigns are thoroughly planned and consider all risks.
The software integrates seamlessly with a range of other widely used technologies and is compliant with all modern software architecture requirements, including cybersecurity compliance, Single Sign On (SSO) and OpenAPI.
Users benefit from a learning curve feature which enables greater forecasting over the duration of a campaign. The solution also offers greenhouse gas emission prediction, helping companies achieve low carbon ambitions. With the option to import historical data and input from other digital solutions, users can seamlessly integrate time and cost outputs in their overall software network without the risk of data duplication or guessing errors.
P1ANS™ was developed in close consultation with AGR’s users and partners. As a result, it offers enhanced collaboration features to license partners, service companies and stakeholders at all levels.