MEERA CENTRUM

Optimizing Field Development Plan in a Giant Oilfield in the Middle East

Challenges

  • History Matching of the full field model is not practical with the conventional approach due to the model size and complexity.

  • Development scenario screening and optimization is not reliable due to poor match quality.

Solutions

  • Create a much faster model which can be run within a reasonable time.

  • History Train the model using Artificial Intelligence instead of the conventional history-matching process to reduce the number of required runs.

  • Restart the run for the forecast period and try several development scenarios to optimize the development plan and the new wells’ location/trajectory.

  • Perform economic analysis and optimize wells’ drilling sequence.

OUTCOME

Accurate production forecast
and excellent alignment with the observed data in
the history and the blind test period

A full field Evergreen model is constructed and History Trained in less than two months. The model run time was reduced from 54 hr. to 5.5 hr.

More than 100 development scenarios have been tried on MEERA CENTRUM super-fast model and the location and trajectory of the new wells have been optimized using MEERA CENTRUM development plan optimization facilities.

Economic Analysis and well drilling sequence optimization was performed to maximize the investment profitability

WHAT WE DELIVER

History Training Time Comparison

MEERA CENTRUM

CONVENTIONAL

5.5minutes

54minutes

MEERA Single run

E300 Single run

4-5runs

100-200runs

MEERA
History matching runs

Conventional
History matching runs

Client Return on Investment:
5.7% Improved Oil Production

5.7% Improved
Oil Production

1% Improved
Oil Production

2.4% Improved
Oil Production

2.3% Improved
Oil Production

in 3 years, by relocating 5 wells

in 3 years, by proposing 8 horizontal wells

in 3 years, by optimizing the drilling sequence

Estimated Cost Effectiveness

MEERA CENTRUM

CONVENTIONAL

IMPROVEMENT(%)

MEERA CENTRUM

CONVENTIONAL

IMPROVEMENT(%)

-

-

5.7%

Total Expected oil Production

6man-months

15man-months

33%

Normal
FDP Study from Scratch

Normal FDP Study
from Scratch | Industry Estimated

Normal FDP Study
from Scratch

All these provided by MEERA CENTRUM make your organization ready for any changes in your asset behaviors.