AGR's time and cost modelling software, P1™, will now be provided as a cloud-based, Software as a Service (SaaS) solution.

Moving P1™ to a cloud-based platform will not only allow users of the tool to access the very latest version of the software on demand, but also supports unlimited user registrations and includes a bespoke project menu.

P1™ can be used for all different types of drilling and well operations, including completions, well interventions, slot recovery and abandonment. When combining with our well engineering consultancy, database and international experience, the users benefit from improved efficiency and reduced costs.

Petter Mathisen, VP of AGR Software, said: “Collaboration, flexibility and the generating of robust decision-making information is key to software solutions in the oil and gas industry today, and that's what we have achieved with the latest cloud-based version of our P1™ software”.

”As operators look to balance the most cost-effective drilling and well operations with risk, P1™ helps navigate these complexities.

“Whether applied to project selection, conceptual design or drilling programme execution, our new cloud-based version armed with the latest data will encourage knowledge sharing and supports the industry's digital transformation. As a result, our clients will achieve greater efficiency in well operations and more robust budget planning and decision-making throughout the project management phase.”

P1™ is already used by many leading E&P companies. To mention but a few, OMV applies the software to support their global well delivery process; AKER BP uses P1™ to estimate time and costs related to the Ivar Aasen production field. The software is also currently being used in the abandonment of a series of subsea wells for a client in Australia.

For more information about P1™ and how it can be adjusted to your needs, please check this vlog or contact our team for consultation.