WELL PLANNING DECISION SUPPORT

Probabilistic Time & Cost Estimator

Beta-PERT Monte Carlo duration and cost estimation for well-planning decisions.

Upload the completed Events Input workbook. Planned and variable-risk durations use Minimum, Most Likely and Maximum Hours. Fixed risks require the same value in all three fields.

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Model assumptions

Planned and Variable Risk durations are sampled using Beta-PERT. Global WoW and NPT remain percentage uplifts in this version and can be set to 0 when they are modelled as event-based risks.

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Report details

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Imported events

0 events
# Phase Event Event type Risk category Probability Minimum h Most likely h Maximum h Depth MD
Upload the updated event workbook.
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Monte Carlo results

Percentile convention: P10, P50 and P90 represent the 10th, 50th and 90th percentiles of simulated outcomes. P90 therefore represents a longer-duration and higher-cost outcome than P50 and P10.
Run the simulation to generate results.