United Arab Emirates-based natural gas company, Dana Gas, has decided to use AGR software for deep water exploration in Egypt.
AGR said on Wednesday that the company’s software team signed a software as a service contract with Dana Gas PJSC to supply the latest version of its P1 software.
According to the software company, the P1 software helps users improve the accuracy of well time and cost modeling and can be applied for all drilling and well-related operations, including completions and interventions.
Also, AGR launched a cloud based version of the probabilistic time and cost modeling software, earlier this year.
The P1 software will be implemented on the Dana Gas-operated North El Arish, Block-6, concession area in the Nile Delta with the first exploration well scheduled to be spud in the fourth quarter of 2017 or the first quarter of 2018.
“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 Cost Tracker 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,” said 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 with our cloud-based version of P1 to Dana Gas.”