Strategic collaboration enhances risk-informed drilling forecasts across Australia

We’re thrilled to announce a strategic partnership with the engineering team at DrillInsight, marking another exciting milestone in our journey to revolutionise well planning and execution.

Together, we’re accelerating the shift toward risk-informed, data-driven decision-making in drilling operations across Australia. By integrating iQx™ PLANS™ software with DrillInsight’s AI/ML-powered engineering methodologies, we’re enabling faster, smarter, and more accurate time and cost forecasts for well projects.

Why It Matters

Drilling campaigns are capital-intensive and often fraught with uncertainty. This collaboration brings clarity and confidence to well teams by:

• Delivering realistic forecasts using Monte Carlo simulations (P10, P50, P90 outcomes)
• Mitigating risks proactively by embedding event likelihood and impact into planning
• Improving performance through continuous learning and campaign modelling
• Enhancing stakeholder confidence with visualised, data-rich reporting
• Driving cost savings through advanced analytics and selective trend analysis

Operating across Australia, the UK, Middle East, and Asia Pacific, DrillInsight is a leader in subsurface, well engineering, drilling, and digital consulting. Their AI/ML-driven hybrid models optimise field development and improve reservoir performance.

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