During planning of drilling operations and well design, the economics of the project play a crucial role in sanctioning the project. This is when it’s especially important to rely on a system that offers transparency and the most optimum scenario of the project’s costs.
iQx P1 uses actual offset data values and applies a Monte Carlo probabilistic method to generate multiple outputs. A detailed AFE report supports data based investment decisions and increases accuracy in budgeting of high value well projects.
As a result, the engineering teams can enjoy working with their engineering tasks, and decision makers receive well informed cost analysis.
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