Predico revolutionizes oil and gas operations by integrating all forecasting techniques—from traditional methods to cutting-edge approaches—on a single platform. Our key innovation lies in the automation of complex petroleum engineering workflows, which dramatically saves time and resources. By seamlessly combining physics-based models with data science and/or advanced machine learning algorithms, we deliver data-driven results in seconds rather than hours or days, all while maintaining the highest levels of accuracy.
Reservoir & Production Forecasting
Advanced Flow Analytics (AFA) is a cloud-based platform designed for fast, intelligent reservoir and production analysis, integrating machine learning and automation. Developed in Australia by experts across engineering and data science, AFA offers powerful, data-driven insights tailored to the industry’s needs.
Australian Case Study
Cooper
Basin Pilot
​In a pilot project conducted in the Cooper Basin, Australia, AFA was deployed to analyze approximately 120 wells, with a majority being oil wells. For the oil wells, automated ARP's Decline Curve Analysis (DCA) and Water Oil Ratio (WOR) analyses were utilized, while gas wells benefited from Flowing Material Balance (FMB) analysis.
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Before implementing AFA, updating existing models and forecasts alone required an equivalent of 52 weeks of man-hours. Cumulative manual processes, including data access, correlation, modeling, and analysis, could take 1 to 2 hours per well.
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With AFA, the entire process took as little as 10 minutes, showcasing a remarkable 150-300x improvement in cycle time.
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Unlock the Power of AFA for Your Reservoir and Production Management
Experience the transformative capabilities of Predico's Advanced Flow Analytics. Join leading industry experts who are leveraging AFA to optimize reservoir and production operations, improve decision-making, and drive cost-effective results. Contact us today to schedule a personalized demonstration and start your journey towards enhanced data analysis and interpretation.
Founded in 2020, Predico Software Pty Ltd specializes in creating cutting-edge software solutions for the oil and gas industry. With their flagship product, Advanced Flow Analytics (AFA™), Predico offers a cloud-based SaaS platform designed to streamline complex workflows, engineering calculations, and real-time data interpretation. Built on Agile principles, their approach emphasizes client collaboration, enabling rapid adaptation to evolving market demands. Recognized globally for innovation, Predico's AFA helps clients improve efficiency and accuracy while reducing operational costs, delivering faster and smarter solutions for well analysis and production optimization.
