Managing uncertainties and enhancing collaboration for deepwater drilling offshore West Africa

Managing uncertainties and enhancing collaboration for deepwater drilling offshore West Africa

iQx™ PLANS™ software was utilised in the well construction, drilling engineering, procurement, supply chain management, and operational supervision of the drilling scope awarded to AGR, a multi-disciplinary engineering consultancy, by Apus Energy for their highly anticipated Atum-1X well, a pure frontier wildcat exploration well and first deepwater well offshore Guinea-Bissau.

Apus Energy needed an accurate way to forecast the time and costs of the Atum-1X well while managing the uncertainties throughout the campaign. As this was their first deepwater exploration well offshore Guinea-Bissau, a pure frontier wildcat well, they required a reliable, real-time, and adaptable solution to handle the significant uncertainties related to logistics, contracts, and project objectives. Apus Energy sought a web-based solution that was easily accessible to all team members, fostering collaboration and ensuring all stakeholders worked with the same data, providing a single source of truth.

The solution? iQx™ PLANS™ software.

By leveraging iQx™ PLANS™, Apus Energy was able to:

• Accurately forecast well duration and costs, visualizing detailed AFEs and improving decision-making.
• Effectively manage uncertainties, ensuring better planning for potential risks and outcomes.
• Enable seamless collaboration by centralizing data, allowing all team members to stay informed and aligned on project progress.

Thanks to iQx™ PLANS™' Monte Carlo simulation software and focus on risk management, Apus Energy successfully completed their first exploration drilling campaign, staying within budget and on schedule—avoiding overruns and streamlining well delivery despite unforeseen events.