Grants and Contributions:
Title:
PrePad Development: Revolutionizing Drilling and Completions Cost and Time Estimating
Agreement Number:
1018969
Agreement Value:
$100,000.00
Agreement Date:
Jun 1, 2024 - Mar 31, 2025
Description:
First Step Analytics will prepare PrePad, a unique process simulator for unconventional drilling and completions operators, for commercial deployment with clients in Canada and the US. The staff will develop and validate version 1 of the well catalogue and scenario comparisons. Upon the completion of these modules, PrePad will enable operators to maximize their financial return, optimize their costs and time investment, and minimize their GHG emissions and risks.
Organization:
National Research Council Canada
Expected Results:
The purpose of IRAP Contributions to Organizations is to support Organizations in building and integrating the innovation capacity in Canada for the benefit of Firms in Canada, primarily SMEs and to support Organizations in providing innovation assistance services to SMEs in Canada.
Location:
Calgary, Alberta, CA T2P 1G1
Reference Number:
172-2024-2025-Q1-1018969
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 Organizations
Program Purpose:
The purpose of IRAP Contributions to Organizations is to support Organizations in building and integrating the innovation capacity in Canada for the benefit of Firms in Canada, primarily SMEs and to support Organizations in providing innovation assistance services to SMEs in Canada.
Coverage:
IRAP Contributions to Organizations projects stimulate wealth creation for Canada through technological innovation.
NAICS Code:
2111