Powerful tools designed specifically for drilling and completions
Underestimating project costs may cause budget shortfalls and risks delays while overestimating misallocates funds that could have been better utilized on other projects. The Well Cost software produces accurate project estimates quickly and easily to make the most productive use of available funds. This is vital for low-level budgeting, scoping, and more detailed Authorization for Expenditure.
Well Cost modules
- Accurate, risk-based costing: Generate a comprehensive cost estimate using deterministic or probabilistic methods, irrespective of the level of detail captured in the drilling program. The software helps users understand the optimistic, pessimistic, the most likely cases, or any in between.
- Save time and improve collaboration: Standardize well costing with a consistent, easy-to-use, and customizable software that can be used throughout an entire organization to help remove inconsistencies, improve team collaboration, simplify training, and save time.
- Share results: Access historical data and streamline cost estimation and reporting workflows via the integration of Engineer's Data Model™ (EDM™) software and other Halliburton Landmark well design and planning tools. Reports and plots are automatically generated, making it easy to analyze the results and present findings to key stakeholders. For example, integration with Halliburton Landmark OpenWells® operations reporting software allows the Well Cost software to publish cost and activity information directly for use in OpenWells reports.
