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
Interoperability
Seamless connectivity to the most common drilling protocols WITS level 0, WITSML 1.3.1, WITSML 1.4.1, etc. and well data in the reporting database via an intuitive interface
Extensively Tested Algorithms
ID3 algorithms that have undergone rigorous testing procedures to ensure their reliability, accuracy, and effectiveness across various scenarios and datasets
Accessible Raw Data Source
Dedicated API for direct access to the raw data source
