id3 Forecast
Well Planning, Budget and Risk Assessment Based on Offset Well Data
id3 Forecast is designed to calculate the time, cost, and risk profile of your next well before it is spudded, transforming your offset well database into a statistically grounded planning baseline.
Well planning has long relied on rule-of-thumb estimates and single-point budgets that rarely survive contact with field reality. id3 Forecast replaces this approach with a data-driven, probabilistic methodology: by analysing user-selected offset wells, the module builds phase-by-phase time and cost distributions and surfaces the operational risks most likely to drive budget variance. The result is a defensible, export-ready forecast that helps drilling engineers, AFE owners, and well programme reviewers move from approximation to evidence.
Key Features
Offset Well Selection
Build your reference dataset with multi-parameter filtering — formation, operator, rig type, depth range, and more — so every forecast is anchored to the most relevant historical performance available.
Probabilistic Time & Cost
Phase-by-phase statistical modelling delivers P10, P50, and P90 estimates for total well time and cost, giving budget owners a clear view of both expected outcomes and contingency requirements.
Risk Assessment
Statistical analysis of your offset well dataset surfaces the operational risks most likely to impact your next well — NPT events, flat-time outliers, cost overruns — ranked by probability and impact in a structured risk register. Each risk is automatically described in clear, contextual language by an integrated AI model.
