RMX - Probabilistic Time and Cost Estimation
It can be difficult for a drilling engineer to account for the risk inherent in drilling operations, create a time and cost estimate then present the AFE in a way that communicates that risk to all project stakeholders.
RMX solves these challenges by delivering a standardized and systematic approach to the probabilistic modeling of time, cost and risk.
RMX templates allow models to be built for any type of activity. For drilling teams this means the product is appropriate whether it be early appraisal work or a detailed well plan, a single deepwater exploration well or a fifty well onshore campaign.
Reporting can be tailored for each project type to ensure that you get the results presented in the right way to communicate the right information to project stakeholders.
If your projects require a consistent, clear and realistic representation of risked time and cost to stakeholders then contact Well Data Technologies today.
