Discover the power of Predico's Advanced Flow Analytics (AFA), a cloud-based, real-time software designed to revolutionize data-driven and AI-enabled reservoir and production surveillance and management. With AFA, reservoir and production engineers can seamlessly analyze a wide range of data, including Decline Curve Analysis (DCA), Flowing Material Balance (FMB), and Water Oil Ratio (WOR), to gain valuable insights and optimize operations.
AFA goes beyond traditional analysis methods by integrating automated data science and machine learning techniques with the physical constraints and correlations of the reservoir. This unique approach ensures improved consistency and quality of data interpretation, leading to unbiased and reliable forecasts and estimates. By removing outliers and abhorrent data through automated data-driven analysis, AFA provides interpretable models that are further enhanced by physics-informed constraints.
Benefits of AFA for Reservoir and Production Analysis:
Substantial Savings: Experience significant cost and time savings with AFA's automated analysis and advanced data science capabilities. Streamlined workflows eliminate manual tasks, resulting in improved efficiency.
Reliable Forecasts and Estimates: AFA's automated data-driven analysis removes bias and ensures accurate predictions. Physics-informed models provide interpretable outputs, giving you reliable insights for decision-making.
Uncertainty Estimates: AFA generates low, base, and high sensitivity outputs, providing a comprehensive understanding of uncertainty in all analyses. This helps in evaluating risks and making informed choices.
Accelerated Workflow: AFA drastically reduces processing time, from data access to interpretation. Enjoy faster well-level monthly forecasting and reserves estimation, empowering you to respond swiftly to changing conditions.
Predico is excited to announce the launch of autoRTA™, a cutting-edge module revolutionizing the field of Rate Transient Analysis. autoRTA™ is part our cloud-based Advanced Flow Analytics (AFA) platform.
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.
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.
With AFA, the entire process took as little as 10 minutes, showcasing a remarkable 150-300x improvement in cycle time.
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.