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P1™ probability software is designed to reduce risk and maximise performance. P1™ has been developed to improve well-construction performance. The use of the software and the associated procedures ensure that all risks and opportunities can be examined thoroughly in the design phase, with well costs viewed as a range of likely outcomes. The system allows informed decisions to be made on all aspects of planning, from the conceptual phase right through to spudding the well. From planning onwards, P1™ can be utilised to monitor and improve well-construction performance and to evaluate options in the event of a problem. The software accounts for the fact that risks in well design are not intuitive, and that sometimes the lowest cost option may carry the greatest business risk. P1™ adds value and knowledge throughout the project management process, from project selection, conceptual design right through to programme execution. P1™ is available in the following editions:

• Express – Standalone non-networked
• Workgroup – Multi-user Networked (LAN)
• Enterprise – Multi-user Networked (WAN)
• Hosted – Hosted Application Service (SaS).

AGR offers a standard training course for P1™ which is targeted at new users of the software. The one-day course offers an introduction to Quantitative Risk Analysis, and takes delegates through building a simple model to more complex applications. AGR also provides independent engineering studies combining our skills from the Well division and software tools to build models on improving efficiency and reducing costs.