Sasol Petroleum has awarded a Software as a Service (SaaS) contract to AGR Software to deliver drilling planning and cost tracking solutions P1™ and CT™ to their operations in Africa.
Sasol will use iQx™ applications to plan well and drilling operations and track actual costs during the drilling operations in Mozambique.
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.