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Keywords: forecast
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Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, September 23–25, 2024
Paper Number: SPE-220801-MS
... per day, a 70%+ increase over forecast oil volumes. To date, the total oil recovered above pre-treatment forecasts has been greater than 1,700 bbl for each well, and the total water recovered above forecast was less than 20% of the treatment volume for each well. The pilot study has demonstrated...
Proceedings Papers
Maria Angela Capello, C. Susan Howes, Peter Kirkham, Amanda Calleberg, Neeraj Nandurdikar, Gautam Swami
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, September 23–25, 2024
Paper Number: SPE-220719-MS
... Centennial Celebration provides a unique opportunity to share knowledge and experience in technical managerial workflows and practices, in looking back and forecasting the future, benefiting the Management technical discipline. The conclusions highlight the importance of advancing Management disciplines...
Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, September 23–25, 2024
Paper Number: SPE-220876-MS
... accurately forecasts q w p r o d , s c , q o p r o d , s c , p w f i n j and S w plume propagation in the future after history matching. Through sensitivity analysis of the observation duration, we find that extending the observational data collection...
Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, September 23–25, 2024
Paper Number: SPE-221033-MS
... to management's ability to evaluate specific transactions and enhance their likelihood of success. asset and portfolio management cimarex probability shareholder forecast cabot acquisition and divestiture exchange ratio valuation assumption correlation accretion transaction transaction metric...
Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, September 23–25, 2024
Paper Number: SPE-220772-MS
..., it demonstrated the capability to forecast up to 500 years within only 1 hour and 40 minutes, establishing itself as a potent tool for long-term CO2 storage monitoring. This performance not only significantly reduces computational demands but also facilitates efficient and rapid long-term forecasting of CO2...
Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, October 16–18, 2023
Paper Number: SPE-215091-MS
...Conclusions In times of fast-evolving global economic landscape, reliable production forecast is the key to successful drilling economics. It defines a country's geopolitical climate, energy security, and the long-term national energy policies. However, the existing data-driven and physical...
Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, October 16–18, 2023
Paper Number: SPE-215173-MS
... Normalized Rate Decline Curve Analysis (PNR DCA) method to predict Permian unconventional well EUR accurately from only a few months of production data. This method normalizes the rate by the flowing pressure to modify Arp's DCA to mitigate its constant pressure limitation for early well EUR forecasts...
Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, October 16–18, 2023
Paper Number: SPE-214881-MS
... In our research, we employed two primary techniques for time series forecasting: Historical Forecasting and Regression Prediction. Although these methods are both used for time series forecasting, they operate on different principles. In Historical Forecasting, we take advantage of actual data...
Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, October 3–5, 2022
Paper Number: SPE-210000-MS
... by Keith et al. (2022) are used to produce recovery forecasts for both polymer flooding and waterflooding. Next, these forecasts are input into a custom-built incremental economic modeling tool, which evaluates the benefit of polymer flooding above waterflooding in these patterns. Subsequently...
Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, October 3–5, 2022
Paper Number: SPE-210087-MS
.... The coupled models were used to generate short-term forecasts (2-3 years). Scenarios were run on the integrated model based on defined uncertainties such as reservoir characteristics and economics. We evaluated two flexible options, rental GPU and in-house GPU augmentation which were compared...
Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, October 3–5, 2022
Paper Number: SPE-210177-MS
... to find new drill opportunities with high thickness of oil columns and undrained layers with a good neighborhood. This section summarizes the subsurface trajectory selection process and several validation processes with some examples. Abstract Horizontal wells placement and production forecast...
Proceedings Papers
Tao Gang, Andrew Jones, Kaitlyn Painter, Nicholas Cestari, Shahin Nezhad, Jorge Burgos, Parag Bandyopadhyay, Vinay Sahni
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, October 3–5, 2022
Paper Number: SPE-210212-MS
.... The results of these various pattern configurations and completion techniques and their pros and cons are discussed in this paper. Commingled production makes it more difficult to quantify incremental ROZ production and increases uncertainty in the performance forecast of future ROZ projects. The dedicated...
Proceedings Papers
Luis David Mendoza, Atahualpa Jose Villarroel, Maria Fernanda Hurtado, Facundo Robles, Ralf Schulze-Riegert, Oscar Dario Quintero, Jose Villasmil, Gerson Nava, Sandro Arango, Alexander Rueda, Ana María Naranjo
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, October 3–5, 2022
Paper Number: SPE-210185-MS
... parameterized for sensitivity assessments and calibration update steps. Variations of dynamic reservoir characteristics with an impact on model forecasting behavior were applied to alternative history matching solutions to create an ensemble of reservoir models for uncertainty assessment. Economic success...
Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, October 3–5, 2022
Paper Number: SPE-210119-MS
... of this research is a methodology for forecast of EGS power generation potential of low-grade EGS reserves in the Eagle Ford and Haynesville shale gas formations. This forecast addresses both technical and economic aspects. In effect, this work also provides a methodology for assessing the economic potential...
Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, October 3–5, 2022
Paper Number: SPE-210310-MS
... Abstract Petroleum engineering will continue to have relevance and renewed importance in the emerging scenarios of Greenhouse Gas (GHG) emissions, and the forecasts of climate change, which are replete with uncertainties. The changing role of petroleum industry and academia in this framework...
Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, September 21–23, 2021
Paper Number: SPE-206192-MS
..., and to generate production forecasts in support of well interventions. The inflow and outflow parameters are directly related to well-known reservoir and well properties, and can be calibrated against common well surveillance and production data. By adopting this approach, engineers develop a better appreciation...
Proceedings Papers
Iman Al Selaiti, Maged Mabrook, Mohammad Faizul Hoda, Luigi Saputelli, Hafez Hafez, Richard Mohan, Joshua Pires, Jyotsna Asarpota, Cristina Hernandez
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, September 21–23, 2021
Paper Number: SPE-206293-MS
... Abstract Production planning and performance management imply diverse challenges, mainly when dealing at corporate level in an integrated operating company. Production forecast considers technical capacities, available capacities, and operationally agreed target capacities. Such complex process...
Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, October 26–29, 2020
Paper Number: SPE-201708-MS
... attention and assessment. Traditionally, reservoir simulation is a crucial part of field evaluation and project economic forecasting. However, large-scale steam flood projects can cover thousands of acres, making simulation challenging. Forecasting of steam flood performance based on reservoir simulation...
Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, October 26–29, 2020
Paper Number: SPE-201758-MS
... foam forecast conformance control solution foam generation forecast implementation lower thief zone layer bypassed layer upstream oil & gas constraint constant rate constraint surface pressure operation wag strategy permeability injection strategy foam Introduction Enhanced...
Proceedings Papers
Iman Al Selaiti, Carlos Mata, Luigi Saputelli, Dorzhi Badmaev, Yara Alatrach, Erismar Rubio, Richard Mohan, Daniel Quijada
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, October 26–29, 2020
Paper Number: SPE-201696-MS
..., and sporadic test data. Additionally, forecasting models were developed for generating short-term (30 days) forecast of cumulative oil, water, gas, and liquid production, multiphase flow rates, WCT, GOR, and reservoir pressure. Using time-series forecasting models, a sensitivity analysis was performed...
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