MEERA CENTRUM

Super-Fast FDP Update in an Oilfield in the Middle East

Challenges

  • The existing FDP and the model were outdated for more than five years. The model quality was promising however, the field development did not coincide with the FDP, and thus the model prediction may not be reliable anymore.

  • Further investment in the field was halted because of unreliable production forecasts and outdated FDP.

  • FDP update in the conventional approach required more than one year.

  • Updating the FDP in a short time and low cost was crucial for further field development.

Solutions

  • Create an AI-Physics model based on the existing model within a month’s time.

  • History Train the model using Artificial Intelligence and update the field FDP within 2 months.

OUTCOME

FDP Update in Two Months via
Super Fast AI-Physics Model

By importing the existing dynamic model into MEERA CENTRUM, a full field AI-Physics model is constructed and History Trained in 10 days.

The model shows excellent alignment with the observed data in the history and the blind test period, confirming the model’s predictability.

The model was updated by introducing the recent wells, events, and production data.

By importing the existing dynamic model into MEERA CENTRUM, a full field AI-Physics model is constructed and History Trained in 10 days.

The model shows excellent alignment with the observed data in the history and the blind test period, confirming the model’s predictability.

The model was updated by introducing the recent wells, events, and production data.

WHAT WE DELIVER

History Training Time Comparison

MEERA CENTRUM

CONVENTIONAL

0.8hours

4.2hours

MEERA Single run

CMG Single run

4-5runs

100-200runs

MEERA
History matching runs

Conventional
History matching runs

Client Return on Investment:
FDP update in less than 2 months

FDP update in
less than TWO months

Around
3 Million $ Saved

Reliable
Production Forecasts

Robust Model

by reducing more than 1.5 years of efforts

which provide crucial data for quick decision making

for field development planning

Estimated Cost Effectiveness

MEERA CENTRUM

CONVENTIONAL

IMPROVEMENT(%)

MEERA CENTRUM

CONVENTIONAL

IMPROVEMENT(%)

10man-months

15man-months

33%

Normal
FDP Study from Scratch

Normal FDP Study
from Scratch | Industry Estimated

Normal FDP Study
from Scratch

Automatic

11man-months

100%

MEERA | Frequent Model Updates (every 2-5 years)

MEERA | Frequent Model Updates (every 2-5 years)

Frequent Model Updates (every 2-5 years)

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