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Value proposition

P1 is a Probabilistic Time and Cost Modelling software specifically made for drilling engineers to plan any operation.

P1 applies Monte Carlo simulation to derive Probabilistic Time and Cost estimates that generate a deeper understanding of well construction risks – both operational and financial. P1 helps to quantify, prioritize & communicate project risks.

Building a model is intuitive, easy and requires minimal training. By clicking the “run simulation” you will get valuable insight in how the well might come out in terms of time and cost as function of different risk scenarios and input variables.

This plug and play software give immediate results and will improve your time and cost estimations both short term and long term.

Company contact

Olav Larsen

Global Sales Manager

+47 992 93 500

Reference and weblinks
Case study