ADGM Academy

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EnerTech Lab

Well AFE Calculation, Costing and Project Costing Programme

Tech Centre EnerTech Lab Well AFE Calculation, Costing and Project Costing Programme

Programme Overview

This programme teaches participants how to move beyond single-point estimates by using AGR’s P1 software for probabilistic time and cost analysis. It covers the technical drivers of well costs, quantification of geological uncertainty, and integration of NPT into financial models. Participants will learn to produce robust P10/P50/P90 distributions for drilling projects.

Programme Benefits Programme Modules ADGM Academy ADGM Academy Certificate of Completion Five Days
Programme Benefits
Generate accurate, defensible AFE estimates using P1 software for probabilistic modeling.
Identify and quantify technical cost-drivers to minimise budget variances and improve transparency.
Present data-driven risk profiles to executive stakeholders to secure funding for complex projects.
Benchmark operational performance against historical data to refine future cost-estimation accuracy.
Who is the Programme for?

This programme is for project controllers, drilling engineers, and asset managers involved in financial planning.

Registration Form

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* Please note: This programme is available only to corporate groups. Individual signups are not eligible.
Learning Modules

Module 1: Probabilistic vs. Deterministic Costing
Understanding why single-point estimates fail in high-uncertainty drilling.

Module 2: P1 Software Mechanics
Training in building duration models, incorporating risks and operational delays.

Module 3: Quantifying NPT and ILT
Modeling financial impact of Non-Productive Time and Invisible Lost Time.

Module 4: Sensitivity Analysis and Risk Drivers
Identifying technical variables with the greatest impact on cost.

Module 5: AFE Reporting
Structuring financial reports to provide transparency and risk-communication to management.

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