Probabilistic planning software improves accuracy in AFE

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.


For a free demo, please contact us