True Understanding
Brings True Opportunities
What happens if you can review and update your field study and renew the production forecasts within only 2 months? Or the asset owner could decide on the optimum development scenario within a day instead of waiting for a month for numerical screening results?
Quick review and optimizing the asset development scenario via Super-fast forecasts generated by a hybrid AI-Physic model.
MEERA Centrum creates a hybrid AI-Physics model and aligns its behavior with the historical production data to produce an EverGreen matched model with high-quality predictive capabilities. While the physic is captured in detail, Artificial Intelligence is utilized to revolutionarily speed up the process. Creating an EverGreen model and optimizing field development scenarios via MEERA CENTRUM requires less than 2 months while updating a field study and history matching the model normally takes 8-12 months in conventional reservoir studies.
The existing numerical model will be imported into MEERA CENTRUM as well as the field production observed data. Artificial Intelligence evaluates the model performance and compensates for the input data uncertainties and the reservoir heterogeneity. The cognitive engine will then generate an Evergreen History Trained hybrid model which can be run in minutes!
By getting connected to the field observed database and performing super-fast forecasts, the field development scenarios can be continuously optimized.
BENEFITS
Super-fast field review and production forecast
Conventional field review workflow has been optimized by Efficiently combining an esteemed reservoir simulation engine with artificial intelligence which reduced asset modeling and performance prediction turnaround time from 8 to less than 2 months.
AI-aided History Match
Harnessing the power of machine learning to compensate for input data uncertainties, the model performance will be aligned with the historical data accurately and rapidly.
Quickly Adapt to new production data and schedule changes
Using constructed EverGreen model, adapting to the latest production data and schedule changes will take place within minutes, while the average industry turnaround time is eight months at least.
Extended Scenario Screening
Powered by super-fast forecasts, a wide range of development scenarios can be screened to make sure that all potential opportunities are captured
MEERA Centrum generates significant values for the Field Review team within a remarkably short period of time. To ensure that the generated values will be recognized and utilized by the team, the AI-Physic model and all requirements to maintain and utilize the model in the most efficient manner will be delivered:
1. Constructed Evergreen asset model
2. Field up-to-date forecasts
3. Field up-to-date remaining hydrocarbon maps
4. Field up-to-date economic evaluations
5. Field optimized development plan with increased revenue and decreased cost
6. Optimized development scenario