Risk Index Package

This package calculates and classifies an entity's risk index.

Usage

Run the workflows from this package to perform the calculations. The schedules may be adapted to use different contexts.

The script Risk Index Visualization can be used to extract the data needed to create risk index plots in a dashboard.

Details

The risk index shows entities with a high gas oil ratio, water cut and low oil production compared to offset wells. Depending on the production footprint and the risk index, entities are classified into the categories Risk Index Critical or Risk Index Moderate according to the following logic:

• Risk Index Critical: risk index > 1 and production footprint < 1
• Risk Index Moderate: risk index > 1 and production footprint > 1

Data Requirements

The following data is required:
 produced oil per time increment
 water cut
 gas oil ratio