Grants and Contributions:

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Title:

Drilling simulation model creation and integration into the first commercial version of PrePad

Agreement Number:

1000918

Agreement Value:

$71,000.00

Agreement Date:

Jan 16, 2023 - Mar 31, 2023

Description:

FSA will develop and incorporate new features into their PrePad software, an end-to-end well pad planning software that simulates the drilling and completions process for hundreds of unique designs. The new features include: 1. A drilling process simulator that estimates cycle time and cost 2. An emissions predictor for at least four frac spread types. 3. A user interface and data layer capable of interacting with backend algorithms.

Organization:

National Research Council Canada

Expected Results:

The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization

Location:

Calgary, Alberta, CA T2P 1G1

Reference Number:

172-2022-2023-Q4-1000918

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

785277906

Recipient Type:

For-profit organization

Recipient's Operating Name:

First Step Analytics

Recipient's Legal Name:

First Step Analytics Inc.

Federal Riding Name:

Calgary Centre

Federal Riding Number:

48004

Program:

Industrial Research Assistance Program – Contributions to Firms

Program Purpose:

Coverage:

IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.

NAICS Code:

2111