In-depth flowcharts for well cost estimation

Did you know that our well cost estimation software allows you to create powerful flowchart diagrams for every step in your drilling process?   

Flowcharts are often used to create visual representations of events and phases of an action. That’s why they are highly welcomed and used during engineering processes and for decision making.


In addition, flowchart diagrams can help you make sure that you consider all relevant project details.


iQx P1 applies Monte Carlo probabilistic planning method when estimating well cost and schedule of a drilling project. With powerful visual flowchart outputs of every event and phase, the user sees a bigger picture of the entire drilling plan and can effectively analyse the possible risk and cost outcomes.


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