Shell gets well planner from Peak Group

The Peak Group and Shell sign contract for probabilistic well planning and cost estimating software.

Shell International Exploration and Production BV (SIEP) has awarded UK-based Peak Group a contract to supply well planning and cost estimating software for incorporation within SIEP’s Global Standard Software Portfolio. The Peak Group’s ‘P1’ and ‘C1’ applications will thus be available for use by Shell’s upstream units worldwide. P1 provides single well project modeling, while C1 rolls-up P1 projects at the drilling campaign level. Both tools use Monte-Carlo probabilistic estimation techniques to deliver a realistic representation of the spread of possible time/cost outcomes in well delivery.


Peak Group MD Andrew Paterson said, “We have been using P1 and C1 ourselves for probabilistic well management for a while now and are convinced by the improvements in performance that P1 and C1 can deliver. Our international structure, with offices in Houston, Jakarta and Perth allows us to provide a worldwide service. Our agreement with Shell is a significant landmark in the history of the Peak Group and we are in no doubt that it will enable us to further enhance the capabilities of our leading edge products.”

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