• Home
  • About
  • Solutions
  • Case Studies
  • Benefits
  • Contact
Case Studies

Production Forecasting


Improve and optimize the process using closed-loop feedback from digital twins.

Production Forecasting

Challenge

An important technique for estimating future oil well production is Decline Curve Analysis (DCA). But in practice, deterministic predictions of future declines are often inaccurate, as they are based on multiple assumptions and restrictions. Therefore, exploration and production (E&P) companies miss many opportunities to capitalize on real-time market conditions.

Solution
  • To increase the accuracy of production forecasting, different AI models were trained and compared.
  • Eight critical influencing parameters are considered as input factors to build the model.
  • Models were trained using 80% of all data generated through simulation while 20% was used for testing the models.
  • Results show that RSM and LSSVM have very accurate oil recovery forecasting capabilities.

Project Info

  • Category :Production Forecasting​
  • Client : Oil & Gas
  • Location : Yeman and China
  • Completed Date : 2021

Value-Addition

  • The petroleum production was predicted with reasonable accuracy using the LSSVM model.
  • 10x acceleration in analyzing production rates across reservoirs using what-if scenarios.
  • In addition to forecasting production, the models can also be used for risk and uncertainty analysis.
einnel_footer

Follow us on social media to get quality content on digital manufacturing while scrolling through your news feed.​

Our Solutions

  • Exploration and Assessment
  • Oil Well Log Analysis
  • Reservoir Characterization
  • System Design & Operations
  • Drilling Optimization

Contact Us

  • No. 4, Soundarya Nagar, Gowrivakkam, Chennai - 600 073
  • +91 (44) 2278 2028
  • einnel.gbd (at) einnel.com
  • Mon - Fri / 9:30 AM - 6:30 PM

Newsletter

Subscribe to our newsletter and stay up to date on our latest product features and technology.

© 2022 All Rights Reserved. Developed By EinNel Technologies

About Us  |   Blog  |   Careers  |   Contact Us  |   India  |   canada