Global energy services and technology company AGR, has signed a SaaS (software as a service) contract with Dana Gas PJSC to supply the latest version of its P1 software for deepwater exploration efforts offshore Egypt.
Petter Mathisen, VP at AGR Software. Image from AGR.
The P1 software helps users to improve the accuracy of well time and cost modeling and can be applied to all drilling and well related operations, including completions and interventions.
P1 is to be implemented on Dana Gas-operated North El Arish (Block-6) concession area in Nile Delta with the first exploration well spud in Q4/2017 or Q1/2018.
The North El Arish concession is Dana Gas’s first offshore block and is in a relatively under-explored part of the eastern Nile Delta. Dana Gas has identified potential in multiple plays from Mesozoic clastics and carbonates in the shallow water to Oligo-Miocene and Pliocene turbidite plays in the deepwater. 2D and 3D seismic acquisition will be followed by the drilling of one exploration well in the first exploration period.
“Dana Gas selected P1 as our key decision making tool for well cost, time and operational risk analysis. P1 increases our productivity in well planning, and combined with CT allows us to closely track and forecast well costs as operations progress. The new cloud-based version provides instant access anywhere you have access to a web browser,” Jim O'Hare, engineering lead at Dana Gas.
Petter Mathisen, VP at AGR Software added, “DANA Gas is the latest in a number of leading E&P companies to select P1 and we look forward to working with them. Collaboration, flexibility and the generating of robust decision-making information is the key to software solutions in the oil and gas industry today, and that’s what we hope to deliver to Dana Gas with our cloud-based version of P1.”
Earlier this year AGR launched a cloud based version of its bespoke probabilistic time and cost modeling software, contributing to the digitalization of working processes of global E&P companies.