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TLDR
iQx helps Sasol improve the accuracy of time and cost estimation, while strengthening cost management across remote projects in Mozambique. By replacing spreadsheets with probabilistic modelling and real-time cost tracking, the operator improved collaboration, strengthened decision-making, and gained a clearer view of time, cost and risk.
FEATURED RESULTS
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The global energy and chemicals group, Sasol, is a long term user of drilling software, iQˣ™. More specifically, Sasol’s drilling department is using our P1 and CT (now PLANS) on their remote drilling projects in Southern Mozambique.
iQx drilling cost and risk scheduling, and well cost tracker help Sasol to discover and seize new efficiencies in their well delivery and make faster, smarter and more collaborative decisions based on well data processed in suite of iQˣ™ applications.
Sasol chose iQˣ™ two applications to support key functions when pursuing their drilling activities in Mozambique:
- for well planning a probabilistic time, cost & risk estimation software that rigorously assesses well cost and evaluates potential risks using Monte Carlo simulation approach
- for operations an actual drilling time and cost tracker that offers transparency and forecasts over project expenditure, replacing traditional spreadsheets with cloud-based solution.
iQx central to estimating and tracking drilling time and cost
Since implementing iQx™ as a standard well engineering tool at Sasol’s drilling department, the Operator has enjoyed significantly improved cost and risk modelling in challenging operational conditions.
Sasol’s Mozambique Well Engineering Manager found iQx™ time and cost management applications were important when scheduling and tracking actual field estimated well time & cost, describing them as “intuitive” for their ability to provide probabilistic and deterministic evaluations.
Wider drilling & well engineering expertise delivers additional value
The wider drilling engineering support by our Wells team was also seen as a key reason for Sasol choosing to work with AGR Software. Our client’s Well Engineering Manager was appreciative of the continuous improvement of these applications, along with the training and overall support delivered by our experts.
“While the projects are ongoing, we are delighted with the positive impact that iQx™ platform has delivered and will continue to achieve in this challenging drilling campaign”, said Sasol’s Well Engineering Manager. "iQx is developing as a fit-for-purpose solution for our ongoing drilling campaign in Southern Mozambique."
If you would like to find out how iQx™ helps eliminate time & cost uncertainties in well planning and drilling operations, contact our team here.
