Day 4 Thu, May 04, 2023 2023
DOI: 10.4043/32167-ms
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A New Hybrid Data-Driven and Model-Based Methodology for Improved Short-Term Production Forecasting

Abstract: Model-based (MB) solutions are widely used in reservoir management and production forecasting throughout the life-cycle of oil fields. However, such approaches are not often used for short-term (up to six months) forecasting due to the immediate-term productivity missmatch and the large number of models required to honor uncertainties. Recently developed data-driven (DD) techniques have shown promising performance in immediate term forecasting (from days to months) while losing performance as the timeframe inc… Show more

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Cited by 3 publications
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