Sasol selects AGR’s P1™ and Cost Tracker™ for digital well planning
Sasol Petroleum Mozambique has awarded a Software as a Service (SaaS) contract to AGR Software to deliver its P1™ time and cost estimator and Cost Tracker for operational tracking of cost. As a result, P1™ and CT™ will play a key role in screening, analytics, planning and tracking of performance in Sasol well operations as well as tracking of operational costs.
By selecting AGR’s P1/CT solution, Sasol will now be able to reduce its dependency on Excel, whilst ensuring it has the software tools it needs for all its cost estimating and tracking requirements. AGR’s software package has the added benefit of providing an auditable trail of the cost estimation and tracking process.
The philosophy behind P1™ is that the value of a project is enhanced when E&P companies plan correctly and understand risk and opportunity. The system allows informed decisions to be made on all aspects of well operations and generate instant reports for management approval.
AGR’s P1™ uses the 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.
AGR is providing an innovative solution through web based hosting, allowing access via a web browser, meeting the key requirement of real time access to applications globally with data shared in real time. Software as a Service (SaaS) thereby offers the benefit of not requiring CAPEX to purchase additional hardware or software. The adoption of a web-based solution will provide Sasol’s Well Delivery teams with the advantages of a centralised and secure data/application environment accessible from any internet connected location.
Petter Mathisen, VP for AGR Software, comments on the recent award: “We are honoured that Sasol has chosen our software services and we look forward to delivering value and knowledge throughout our solutions.”