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 in Egypt.
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.
Earlier this year, AGR launched a cloud-based version of its bespoke probabilistic time and cost modeling software, contributing to the digitization of working processes of global E&P companies.
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 fourth quarter of 2017 or the first quarter of 2018.
Source: World oil