New release of pForecast – Well dependencies

The latest update to pForecast introduces Well Dependencies, a feature designed to enhance the realism and accuracy of production forecasting. This feature allows users to interconnect the production schedules of multiple wells. Thereby, this will better reflect the actual operational shifts that occur in the field.

Traditionally, production potentials are defined based on an input production potential profile, which outlines the expected production rates over time. However, real-world production includes interdependencies between wells which are not common to describe using a single production profile. By incorporating these dependencies, the production profiles can better reflect the sequential and interconnected nature of real-world well operations. This is particularly useful for modelling scenarios where the production from one well is scheduled to commence only after another well has ceased production.

There are two main settings within this feature

Start at cut-off of well: This setting allows users to make a reference to another forecast well. This ensures that production from the current well will only begin once the referenced well has reached its cut-off point.

Delay from cut-off to start in days: This setting enables users to specify a delay period for the two wells. The delay is defined between the cut-off of the referenced well until the start of production for the current well. This delay is calculated monthly, with the number of days interpolated accordingly.

This update marks an advancement in production forecasting, offering a more nuanced and practical tool for industry professionals. It enables the specification of well dependencies and adjusting production profiles based on actual production efficiency. Thus pForecast ensures that forecasts are not only more accurate but also more aligned with operational realities.

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