MEERA CENTRUM

Oil Promise Assurance in an Oilfield
in North America

Challenges

  • The field is under Water flooding and Gas injection. The client’s main concern was the oil promise in the next year for a relatively young asset with 7 years of production history.

  • No dynamic model was available for the field and creating a conventional model takes more than a year.

Solutions

  • Create a basic dynamic model using the available data.

  • Create and History Train an AI-Physics model based on the created model within a month’s time.

  • Provide accurate and reliable production forecast for the field oil, gas, and water production for short and medium term.

OUTCOME

Oil Promise Assured by a Robust AI-Physics Model Created via MEERA CENTRUM

AI-Physics model created and History Trained in 14 days. The model shows excellent alignment with the observed data in the history and the blind test period, confirming the model’s predictability.

A full field model is constructed from the scratch in close collaboration between Target and the client technical team in 2 months.

Production forecast for recently drilled wells

Economic Analysis was performed to evaluate the investment profitability

WHAT WE DELIVER

History Training Time Comparison

MEERA CENTRUM

CONVENTIONAL

45minutes

-

MEERA Single run

4-5runs

100-200runs

MEERA
History matching runs

Conventional
History matching runs

Client Return on Investment:
Accurate and Reliable Production Forecast

Assured oil promise by an AI-Physics model created and History Trained
via MEERA Centrum

Client achieved a reliable AI-Physics model
with excellent predictive capabilities in less than one month which is crucial for oil promise.

Estimated Cost Effectiveness

MEERA CENTRUM

CONVENTIONAL

IMPROVEMENT(%)

MEERA CENTRUM

CONVENTIONAL

IMPROVEMENT(%)

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.