Maersk Oil has awarded a software as a service (SaaS) contract to AGR Software to deliver its P1 software.
As a result, P1 should play a key role in screening, planning and tracking of performance in Maersk Oil well operations, allowing the oil company to maximise their communication of operational performance as well as supporting well time and cost planning.
AGR’s P1 uses Monte Carlo simulation method and can be used for all different types of drilling and well operations, including completion, well intervention, slot recovery and abandonment.