Day 4 Thu, May 03, 2018 2018
DOI: 10.4043/28632-ms
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Application of Data Science and Machine Learning for Well Completion Optimization

Abstract: In today's data-driven economy, operators that integrate vast stores of fundamental reservoir and production data with the highperformance predictive analytics solutions can emerge as winners in the contest of maximizing estimated ultimate recovery (EUR). The scope of this study is to demonstrate a new workflow coupling earth sciences with data analytics to operationalize well completion optimization. The workflow aims to build a robust predictive model that allows users to perform sensitivity analysis on comp… Show more

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Cited by 23 publications
(7 citation statements)
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“…Current workflows for well completion and production optimization in unconventional hydrocarbon reservoirs require extensive earth modeling, fracture stimulation, and production simulations, which are costly and time-consuming. Pankaj et al [14] proposed a data-driven approach on Eagle Ford wells as a proxy model for optimizing the completion design. This was achieved using supervised learning.…”
Section: Use Of Machine Learning Tools In Fossil Energy Productionmentioning
confidence: 99%
See 1 more Smart Citation
“…Current workflows for well completion and production optimization in unconventional hydrocarbon reservoirs require extensive earth modeling, fracture stimulation, and production simulations, which are costly and time-consuming. Pankaj et al [14] proposed a data-driven approach on Eagle Ford wells as a proxy model for optimizing the completion design. This was achieved using supervised learning.…”
Section: Use Of Machine Learning Tools In Fossil Energy Productionmentioning
confidence: 99%
“…Accuracies of these Fig. 2 Comparison of prediction accuracies using gradient boosting method when predicting production over 1 month (B1), 3 months (B2), 12 months (B12), and 5 years (Cum_5), as performed by Pankaj et al [14]. X-axis represents error tolerance, and Y-axis represents percentage of samples within the error tolerance.…”
Section: Use Of Machine Learning Tools In Fossil Energy Productionmentioning
confidence: 99%
“…Source Cumulative oil production 6/18 month just after the job [24] 12 months cumulative oil production [25] Average monthly oil production after the job [19] NPV [26] Comparison to modelling [28] Delta of averaged Q oil [29] Pikes in liquid production for 1, 3 and 12 months [30] Break even point (job cost equal to total revenue after the job) [32] • In [26], a procedure was presented to optimize the fracture treatment parameters such as fracture length, volume of proppant and fluids, pump rates, etc. Cost sensitivity study upon well and fracture parameters vs NPV as a maximization criteria is used.…”
Section: Metricsmentioning
confidence: 99%
“…• Q pikes approach is presented by implementing B1, B2 and B3 statistical moving average for one, three and twelve-month best production results consequently in [30]. The simulation is done over 2000 dimension dataset to reap the benefit from proxy modeling treatment.…”
Section: Metricsmentioning
confidence: 99%
See 1 more Smart Citation