Calculate production forecasts for opportunities based on type curves and parameters of neighboring entities
Usage
This package assumes that type curves are available. Please refer to the package Type Curve Builder for more information on how to construct type curves.
The workflow contained in this package can be run on demand.
Use the workspace values RadiusFor[Phase]Entities to define the radii in which to look for neighbors.
Utilize the workspace value OpportunitiesEffectiveDate to specify the starting date for the forecasted production data.
The workspace value ProductionForecastForecastMonths defines the number of months data is forecasted for.
Use the context's loading scenario to specify which type curve scenario to use. Forecasts will be saved to the scenario specified in the context (saving scenario).
Details
Applying Type Curves To New Opportunities
The workflow Production Foreceast for Opportunities (Type Curve): Forecast Volumes can be used to apply type curves to new opportunities.
- Forecasts will be created for all phases defined in the workspace value PhasesInWorkspace (provided a type curve exists for the phase)
- The forecasts will start at the effective date selected by the user in the package configuration
- The parent's type curve will be scaled using one of the following methods:
- Current Production: the scaling factor is calculated using the average of the current production of the new opportunity's neighbors
- Initial Production: the scaling factor is calculated using the average initial production of the new opportunity's neighbors
- Best Three Month Production: the scaling factor is calculated using the average best three month oil equivalent production rate of the new opportunity's neighbors
- Neighbors are defined as entities within a defined radius. The used radii can be specified per phase using the workspace values RadiusForOilEntities, RadiusForGasEntities, RadiusForCondensateEntities. Each of those workspace values contains a minimum and a maximum radius. If no neighbor is found using the minimum radius, the maximum radius is used for determining the opportunity's neighbors. To enable more control over the entities acting as potential neighbors to an opportunity, only entities from the used context are considered.
Make sure the entity set used for processing the workflow contains existing wells and new opportunities. This entity set will be used to determine the neighbors for the new opportunities.
In order to detect neighbors the signals surface x-coordinate, and surface y-coordinate need to be available. If only latitude and longitude are available, use the converter script available in the Utilities package to provide the needed information.
Data Requirements
The following data is required:
produced oil per time increment
produced gas per time increment
produced water per time increment
produced condensate per time increment
best three month oil equivalent production rate
surface x-coordinate
surface y-coordinate