ID3 Suite module

ID3 Forecast

Well planning, budget and risk assessment based on offset well data

What Forecast does for your team

Offset well selection

Build your reference dataset with multi-parameter filtering by formation, operator, rig type, depth range, and more, so every forecast is anchored to the most relevant historical performance available.
Probabilistic time and 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, such as NPT events, flat-time outliers and 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.
ID3 Assistant integration

Interrogate your forecast in natural language through the embedded ID3 Assistant to compare scenarios and surface the key drivers of time and cost.

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.