MEERA CENTRUM

Critical Decision Making
on Further Development in an Oilfield
in North America

Challenges

  • The existing reservoir model was under-estimating the field oil production.

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

  • Accurate and reliable production forecast in a short time and low cost was crucial to decide on 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 correct the model under-estimation and provide an accurate production forecast in a week’s time.

OUTCOME

Accurate Production Forecast
and Excellent Alignment with the Observed Data

A full field Evergreen 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.

Accurate production forecast for 3 years and 5 years generated.

Economic Analysis was performed to evaluate the investment profitability

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

7.6hours

72.44hours

MEERA Single run

E300 Single run

4-5runs

100-200runs

MEERA
History matching runs

Conventional
History matching runs

Client Return on Investment:
29% Improvement in Oil Production forecast

29% Improvement in
Oil Production Forecast

Client achieved an accurate and reliable production forecast in less than 1 month which is critical to make decisions on further field development.

Estimated Cost Effectiveness

MEERA CENTRUM

CONVENTIONAL

IMPROVEMENT(%)

MEERA CENTRUM

CONVENTIONAL

IMPROVEMENT(%)

-

-

29%

Normal
FDP Study from Scratch

Normal FDP Study
from Scratch | Industry Estimated

Normal FDP Study
from Scratch

6man-months

15man-months

60%

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)

Conventional | 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.