We’re excited to announce our participation in the International Petroleum Technology Conference (IPTC) from February 18 to 20, 2025, in Kuala Lumpur, Malaysia. iQx will be represented by Daria Krasova, Product Owner, and Kim Nguyen, Product Owner.

IPTC 2025: what can you expect from iQx?

Our team will be on hand to showcase how the iQx™ web-based PLANS™ software streamlines well planning from initial scoping to AFE generation. PLANS™ is built to enhance productivity in well planning and improving the accuracy of drilling time and cost estimations.

Our team will also be sharing customer success stories and talks about how stochastic methods can streamline well planning. 

SEMINAR 1

Tuesday, 18 February, 1645–1715 hours

IPTC Theatre, Hall 5

Drilling Without the Drill: Streamlining Stochastic Methods for Well Planning

Traditional time and cost estimation methods in drilling operations are often inefficient and prone to errors, making accurate risk assessment and decision-making challenging. Using stochastic Monte Carlo method, PLANS™ automates complex tasks, reducing human error and boosting productivity. By leveraging historical data, PLANS™ models a range of potential outcomes, helping drilling engineers prepare for various scenarios. Don’t miss out this talk!

Later in the week, be sure to catch Daria on knowledge-sharing e-poster on enhanced well cost management based on a case study with drilling and wells teams in Malaysia.

SEMINAR 2

Thursday, 20 February, 1330 - 1400 hours

Hall 1, Ground Floor

Enhanced Well Cost Management Through Innovative Methodology in Drilling and Completions Cost Estimation and Tracking: A Case Study in Malaysia

 

Let’s connect at IPTC

We’re exhibiting too and you can find our booth at Hall 5, P504.

Join our daily demos to explore the efficiency and key features that PLANS™ offers:

 

• Campaign modelling with seamless integration of offset well data.
• Tagging capabilities to filter batch operations, analyze time and cost contributions, and gain insights into NPT.
• Statistical input distributions derived from historical well data.
• Project progress monitoring through an improved collaborative working method.
• Integration with other industry known systems through open API.

 

 

We look forward to connecting with you at the event!